Economy · Government debt and deficits
| Year | Average | Year close |
|---|---|---|
| 1940 | $0.9B | $0.9B |
| 1941 | $0.9B | $0.9B |
| 1942 | $1.1B | $1.1B |
| 1943 | $1.5B | $1.5B |
| 1944 | $2.2B | $2.2B |
| 1945 | $3.1B | $3.1B |
| 1946 | $4.1B | $4.1B |
| 1947 | $4.2B | $4.2B |
| 1948 | $4.3B | $4.3B |
| 1949 | $4.5B | $4.5B |
| 1950 | $4.8B | $4.8B |
| 1951 | $4.7B | $4.7B |
Source: FRED FYOINT (Federal Outlays: Interest). Federal Reserve Bank of St. Louis.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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