Chart 26
"The near-record ""twin deficits"" reduce the financial flexibility of the United States."
Combined fiscal and trade deficits (% of GDP)
1950 -0.85
1951 2.64
1952 -0.07
1953 -1.89
1954 -0.19
1955 -0.69
1956 1.44
1957 1.68
1958 -0.48
1959 -2.52
1960 0.90
1961 0.30
1962 -0.60
1963 0.00
1964 0.14
1965 0.58
1966 -0.01
1967 -0.67
1968 -2.75
1969 0.44
1970 0.08
1971 -2.05
1972 -2.27
1973 -0.80
1974 -0.46
1975 -2.42
1976 -4.29
1977 -3.84
1978 -3.81
1979 -2.48
1980 -3.17
1981 -3.00
1982 -4.61
1983 -7.46
1984 -7.41
1985 -7.83
1986 -7.97
1987 -6.26
1988 -5.26
1989 -4.41
1990 -5.24
1991 -4.96
1992 -5.22
1993 -4.88
1994 -4.22
1995 -3.44
1996 -2.63
1997 -1.52
1998 -1.03
1999 -1.41
2000 -1.47
2001 -2.32
2002 -5.55
2003 -8.07
2004 -8.92
2005 -8.42
Source: Bureau of Economic Analysis