Government spending falls
Federal, state and local government spending as a share of GDP is at about its lowest since 1950.
14%
15%
16%
17%
18%
19%
20%
21%
22%
23%
24%
25%
26%
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
2010
2015
Government spending as share of GDP
f
in
