How have government shutdowns impacted the economy in the past? 

A study assessing the economic impact of government shutdowns on consumer spending, using the 2013 and 2018–19 federal government shutdowns as case studies and leveraging Fiserv data to gain valuable insights. 

Highlights:

• Personal consumer expenditures (PCE) decreased by $4.4 billion and $10.0 billion during the 2013 and 2018–19 shutdowns, respectively.
• The economy in the D.C. area suffered a significantly disproportionate contraction, with significant losses to PCE across both shutdowns.
• This study was performed in 2023 as a post-assessment of shutdown impact during the 2013 and 2018-19 interruptions.

Disclaimer: Small businesses are identified per the Small Business Administration definitions and extrapolated to reflect total U.S. sales and distribution. This report does not represent Fiserv financial performance.