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Currently, state governments in the United States raise about 8.5 percent of GDP in revenue and local governments raise about 10 percent of GDP in revenue.
In the post World War II era, state and local revenue increased steadily for decades, reaching a peak at the end of the 1990s. Since 2000 state and local revenues have ended their long increase as a percent of GDP, and have fluctuated wildly due to gains and losses in their employee pension funds due to major bear markets in 2000-1 and 2008-9.
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Revenue data is from official government sources.
Detailed table of revenue data sources here.
Federal revenue data begins in 1792.
State and local revenue data begins in 1890.
State and local revenue data for individual states begins in 1957.
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> State Finances FY13
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 2.1, 2.4, 2.5, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported revenue forward to future years