2014 US Budget Deficit As GDP Percent Slightly Below Past 40 Year Average

From Congressional Budget Office, "Monthly Budget Review for September 2014" by David Rafferty, Joshua Shakin, and Adam Wilson:

The federal government ran a budget deficit of $486 billion in fiscal year 2014, the Congressional Budget Office (CBO) estimates—$195 billion less than the shortfall recorded in fiscal year 2013, and the smallest deficit recorded since 2008. Relative to the size of the economy, that deficit—at an estimated 2.8 percent of gross domestic product (GDP)—was slightly below the average experienced over the past 40 years, and 2014 was the fifth consecutive year in which the deficit declined as a percentage of GDP since peaking at 9.8 percent in 2009. [Emphasis added.]

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Source: CBO

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Source: CBO

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Source: CBO