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State & Local Government Finance Snapshot

Introduction

When forming a picture of the entire U.S. economy, you may think of the unemployment rate or industries, like retail and manufacturing. However, there is another major part of the economy—the public sector. The public sector, consisting of national, state, and local governments, along with their chartered bodies, accounts for 17.7 percent of the total U.S. economy.

Page Last Revised - October 8, 2021