What is the National deficit to gdp?

Answer 1

The federal deficit for the fiscal year ending in September 2006 was $ 247.7 billion.

The GDP is currently running at an annual rate of about $13.1 trillion.

So the US deficit is at 1.9% of GDP.

Interestingly, despite what you usually hear on the news, that is a reasonably low deficit. A benchmark of fiscal prudence that many countries aim for is to try to keep their deficits down to 3% of GDP.

And EEJones ... I seriously hope you do not actually have an MS from the London School of Economics, since you appear to have no idea what you are talking about.

Answer 2

Hi,,, well it is about so many Trillion dollars now and climbing upward toward a Zillion dollars.. The GDP,,, will Never pay it off,, as much as people made fun of him.. Ross Perot, tried to explain this to everyone when he ran for office years ago..

Everyone laughed at him,, just a matter of time now, our monry will be worthless... we have Nothing to back it up with except promised buying and selling of goods in the future,,
No business, can operate on spending more than they take in, and that includes the United States Government!!!!

You better get some gold and silver coins and lock them up, one day you will be glad you did..

good luck

Answer 3

GDP (gross domestic product) realy has nothing to do with our countrys debt. GDP measures how well US products are doing in the market over a period of time.Our debt is caused by a shortage in the budget where this country spends more than it makes.