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The 2019 Government Shutdown: How It Stacks Up, and What It Really Costs

Unpaid government workers are just the tip of the economic iceberg
By
Nicolas Rapp
Nicolas Rapp
and
Matthew Heimer
Matthew Heimer
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By
Nicolas Rapp
Nicolas Rapp
and
Matthew Heimer
Matthew Heimer
Down Arrow Button Icon
January 17, 2019, 6:30 AM ET
By
Nicolas Rapp
Nicolas Rapp
and
Matthew Heimer
Matthew Heimer
Down Arrow Button Icon
By
Nicolas Rapp
Nicolas Rapp
and
Matthew Heimer
Matthew Heimer
Down Arrow Button Icon
January 17, 2019, 6:30 AM ET
The 2019 Government Shutdown: How It Stacks Up, and What It Really Costs
Chart shows duration of government shutdowns

From a 30,000-foot vantage, a government shutdown doesn’t cost much. S&P Global estimates that the border-wall impasse—the longest in history, unresolved at press time—shaved only $3.6 billion off the U.S. economy over its first three weeks. But other barometers, including rising airport delays and a screeching halt in IPOs, remind us how much our commerce depends on a well-functioning state. And a recent tumble in consumer confidence points to the ripple effects of an erosion of faith in a system that routinely stops public servants from serving the public. That’s a cost that could become incalculably high.

A version of this article appears in the February 2019 issue of Fortune magazine with the headline, “Closing Costs.”

 

SOURCES: CONGRESSIONAL RESEARCH SERVICE; NEWS REPORTS
NOTE: Dates shown here are the calendar year in which each shutdown started.

About the Authors
Nicolas Rapp
By Nicolas RappInformation Graphics Director
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Nicolas Rapp is the former information graphics director at Fortune.

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Matthew Heimer
By Matthew HeimerExecutive Editor, Features
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Matt Heimer oversees Fortune's longform storytelling in digital and print and is the editorial coordinator of Fortune magazine. He is also a co-chair of the Fortune Global Forum and the lead editor of Fortune's annual Change the World list.

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