| Federal Budget Surpluses and Deficits as a Percentage of GDP | ||||||||
| Table 1: Deficit (on budget) | ||||||||
| Year | +/-$ | % GDP | Administration | Year | +/-$ | % GDP | Administration | |
| 1975 | -54.1 | -3.5 | \ Ford (R) | |||||
| 1976 | -69.4 | -4 | / | |||||
| Total | -123.5 | -3.75 | ||||||
| 1977 | -49.9 | -2.5 | \ | |||||
| 1978 | -55.4 | -2.5 | | Carter (D) | |||||
| 1979 | -39.6 | -1.6 | | | |||||
| 1980 | -73.1 | -2.7 | / | |||||
| Total | -218 | -2.33 | ||||||
| 1981 | -73.9 | -2.4 | \ | |||||
| 1982 | -120.6 | -3.7 | | | |||||
| 1983 | -207.7 | -6 | | | |||||
| 1984 | -185.3 | -4.8 | | Reagan (R) | |||||
| 1985 | -221.5 | -5.3 | | | |||||
| 1986 | -237.9 | -5.4 | | | |||||
| 1987 | -168.4 | -3.6 | | | |||||
| 1988 | -192.3 | -3.8 | / | |||||
| Total | -1407.6 | -4.38 | ||||||
| 1989 | -205.4 | -3.8 | \ | |||||
| 1962 | -5.9 | -1 | \ | 1990 | -277.6 | -4.8 | | Bush (R) | |
| 1963 | -4 | -0.7 | | Kennedy (D) | 1991 | -321.4 | -5.4 | | | |
| 1964 | -6.5 | -1 | / | 1992 | -340.4 | -5.5 | / | |
| Total | -16.4 | -0.90 | Total | -1144.8 | -4.88 | |||
| 1965 | -1.6 | -0.2 | \ | 1993 | -300.4 | -4.6 | \ | |
| 1966 | -3.1 | -0.4 | | Johnson (D) | 1994 | -258.8 | -3.7 | | | |
| 1967 | -12.6 | -1.6 | | | 1995 | -226.4 | -3.1 | | | |
| 1968 | -27.7 | -3.2 | / | 1996 | -174 | -2.3 | | Clinton (D) | |
| Total | -45 | -1.35 | 1997 | -103.2 | -1.3 | | | ||
| 1969 | -0.5 | -0.1 | \ | 1998 | -29.9 | -0.3 | | | |
| 1970 | -8.7 | -0.9 | | | 1999 | 1.9 | | | ||
| 1971 | -26.1 | -2.4 | | Nixon (R) | 2000 | 86.4 | 0.9 | / | |
| 1972 | -26.1 | -2.2 | | | Total | -1004.4 | -2.06 | ||
| 1973 | -15.2 | -1.2 | | | 2001 | -32.4 | -0.3 | \ | |
| 1974 | -7.2 | -0.5 | / | 2002 | -317.4 | -3.1 | | Bush II (R) | |
| Total | -83.8 | -1.22 | 2003 | -538.4 | -5 | | | ||
| 2004 | -568 | -4.9 | | | |||||
| 2005 | -493.6 | -4 | | | |||||
| 2006 | -434.5 | -3.3 | | | |||||
| 2007 | -343.4 | -2.5 | / | |||||
| Total | -2727.7 | -3.30 | ||||||
| Democrats | -1283.8 | -1.76667 | Republicans | -5487.4 | -3.423 | |||
| *estimate; includes reductions in Social Security Trust Funds | ||||||||
| Source: | ||||||||
| Source: 1962-2007: Congressional Budget Office: http://www.cbo.gov/budget/historical.pdf | ||||||||
| Federal Budget Surpluses and Deficits as a Percentage of GDP | ||||||||
| Year | +/-$ | % GDP | Administration | Year | +/-$ | % GDP | Administration | |
| 1946 | -20.6 | -9.7 | \ | 1975 | -53.2 | -3.4 | \ Ford (R) | |
| 1947 | 0.7 | 0.3 | | | 1976 | -73.7 | -4.2 | / | |
| 1948 | 8.4 | 3.2 | | | Total | -126.9 | -3.80 | ||
| 1949 | -1.8 | -0.7 | | Truman (D) | 1977 | -53.7 | -2.7 | \ | |
| 1950 | -3.1 | -1.1 | | | 1978 | -59.2 | -2.7 | | Carter (D) | |
| 1951 | 3.5 | 1.1 | | | 1979 | -40.7 | -1.6 | | | |
| 1952 | -4 | -1.2 | / | 1980 | -73.8 | -2.7 | / | |
| Total | -16.9 | -1.16 | Total | -227.4 | -2.43 | |||
| 1953 | -9.4 | -2.6 | \ | 1981 | -79 | -2.6 | \ | |
| 1954 | -3.1 | -0.9 | | | 1982 | -128 | -4 | | | |
| 1955 | -4.1 | -1 | | | 1983 | -207 | 6 | | | |
| 1956 | 1.6 | 0.4 | | Eisenhower (R) | 1984 | -185.4 | -4.8 | | Reagan (R) | |
| 1957 | 1.5 | 0.3 | | | 1985 | -212.3 | -5.1 | | | |
| 1958 | -2.8 | -0.6 | | | 1986 | -221.2 | -5 | | | |
| 1959 | -12.4 | -2.2 | | | 1987 | -149.7 | -3.2 | | | |
| 1960 | 1.2 | 0.2 | / | 1988 | -155.2 | -3.1 | / | |
| Total | -27.5 | -0.80 | Total | -1337.8 | -2.73 | |||
| 1961 | -3.8 | -0.7 | \ | 1989 | -152.6 | -2.8 | \ | |
| 1962 | -7.1 | -1.3 | | Kennedy (D) | 1990 | -221 | -3.9 | | Bush (R) | |
| 1963 | -4.8 | -0.8 | | | 1991 | -269.2 | -4.5 | | | |
| 1964 | -5.9 | -0.9 | / | 1992 | -290.3 | -4.7 | / | |
| Total | -21.6 | -0.93 | Total | h | -3.98 | |||
| 1965 | -1.4 | -0.2 | \ | 1993 | -255.1 | -3.9 | \ | |
| 1966 | -3.7 | -0.5 | | Johnson (D) | 1994 | -203.2 | -2.9 | | | |
| 1967 | -8.6 | -1.1 | | | 1995 | -164 | -2.2 | | | |
| 1968 | -25.2 | -2.9 | / | 1996 | -107.4 | -1.4 | | Clinton (D) | |
| Total | -38.9 | -1.18 | 1997 | -21.9 | -0.3 | | | ||
| 1969 | 3.2 | 0.3 | \ | 1998 | 69.3 | 0.8 | | | |
| 1970 | -2.8 | -0.3 | | | 1999 | 125.6 | 1.4 | | | |
| 1971 | -23 | -2.1 | | Nixon (R) | 2000 | 236.4 | 2.4 | / | |
| 1972 | -23.4 | -2 | | | Total | -320.3 | -0.76 | ||
| 1973 | -14.9 | -1.1 | | | 2001 | 128.2 | 1.3 | \ | |
| 1974 | -6.1 | -0.4 | / | 2002 | -157.8 | -1.5 | | Bush II (R) | |
| Total | -67 | -0.93 | 2003 | -377.6 | -3.5 | | | ||
| 2004 | -412.7 | -3.6 | | | |||||
| 2005 | -318.3 | -2.6 | | | |||||
| 2006 | -248.2 | -1.9 | | | |||||
| 2007 | -162 | -1.2 | / | |||||
| Total | -1548.4 | -1.86 | ||||||
| Democrats | -625.1 | -1.1963 | Republicans | 4040.7 | 2.0085 | |||
| *estimate | ||||||||
| Source: | ||||||||
| 1945-1954: Statistical Abstract of the United States [SA] 1954, t. 406 | ||||||||
| 1955-1958: SA 1960, t. 470 | ||||||||
| 1959-1961: SA 1965, t. 526 | ||||||||
| 1964-2007: CBO Historical Budget Data: | http://www.cbo.gov/budget/data/historical.pdf | |||||||