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US Federal Debt Outstanding vs US Tax Revenue
US Federal Debt Outstanding and US Tax Revenue correlate at r = -0.18 over 53 years (1972–2024), p = 0.205. With the time trend removed, r = +0.23. Not statistically significant.
Verdict: Not statistically significant. With n = 53, this correlation isn't statistically significant (p = 0.205). It could easily be chance.
- Pearson r
- -0.18
- p-value
- 0.205
- Years compared (n)
- 53 (1972–2024)
- 95% confidence interval
- -0.43 to 0.10
- Correlation with the time trend removed
- +0.23
Sources
- US Federal Debt Outstanding (USD): U.S. Treasury. Total US federal debt outstanding at the end of each fiscal year (U.S. Treasury Fiscal Data).
- US Tax Revenue (% of GDP): World Bank. US Tax Revenue (World Bank indicator GC.TAX.TOTL.GD.ZS).
Related pairs
- US Renewable Energy Share vs US Federal Debt Outstanding (r = +0.99)
- US Wind Power Generation vs US Federal Debt Outstanding (r = +0.99)
- US Federal Debt Outstanding vs US GDP (current US$) (r = +0.97)
- US Federal Debt Outstanding vs US GDP per Capita (r = +0.95)
- Atmospheric Methane (global) vs US Federal Debt Outstanding (r = +0.95)
- US Natural Gas Consumption vs US Federal Debt Outstanding (r = +0.94)
Correlation does not imply causation. How the verdict is worked out.