Summarizes the U.S. government's total outstanding debt at the end of each fiscal year from 1789 to the current year.
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The average for 2022 based on 174 countries was 59.99 percent. The highest value was in Japan: 236.58 percent and the lowest value was in Liechtenstein: 0.5 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.
Public sector net debt amounted to 95.8 percent of gross domestic product in the United Kingdom during the 2024/25 financial year, or 90 percent when the Bank of England is excluded. UK government debt is at its highest levels since the early 1960s, due to a significant increase in borrowing during the COVID-19 pandemic. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44.7 percent of GDP. This spending was financed by 1.13 trillion pounds of revenue raised, and 151 billion pounds of borrowing. Although the UK government can still borrow money in the future to finance its spending, the amount spent on debt interest has increased significantly recently. Recent forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and will make it widely available by the winter of 2025.
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Graph and download economic data for Gross Federal Debt as Percent of Gross Domestic Product (GFDGDPA188S) from 1939 to 2023 about gross, debt, federal, GDP, and USA.
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Government Debt in Canada increased to 1223.62 CAD Billion in 2024 from 1173.01 CAD Billion in 2023. This dataset provides - Canada Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.
In 2023, the credit market debt of households in the United States amounted to nearly 20 trillion U.S. dollars. Those figures measure the liability level of the credit market instruments of and nonprofit organizations, which, overall, have increased considerably during the past decade.
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Key information about South Africa National Government Debt
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Key information about South Africa Government Debt: % of GDP
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The average for 2022 based on 14 countries was 52.09 percent. The highest value was in Egypt: 88.53 percent and the lowest value was in Kuwait: 2.94 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.
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Nigeria Government Debt data was reported at 20,533.636 NGN bn in 2018. This records an increase from the previous number of 18,376.999 NGN bn for 2017. Nigeria Government Debt data is updated yearly, averaging 287.443 NGN bn from Dec 1960 (Median) to 2018, with 59 observations. The data reached an all-time high of 20,533.636 NGN bn in 2018 and a record low of 0.030 NGN bn in 1960. Nigeria Government Debt data remains active status in CEIC and is reported by Debt Management Office Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.F003: Government Debt: Annual.
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The average for 2022 based on 41 countries was 55.7 percent. The highest value was in Japan: 236.58 percent and the lowest value was in Brunei: 2.06 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.
In 2023, the generation X was the age group with the highest amount of auto loan debt in the United States. That group had on average a car loan debt of roughly 27,100 U.S. dollars. Meanwhile, the silent generation had the lowest amount of auto loan debt, amounting to approximately 16,050 U.S. dollars.
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United States Iowa: Debt Outstanding: Short Term data was reported at 49,045.000 USD th in 2016. This records an increase from the previous number of 45,657.000 USD th for 2015. United States Iowa: Debt Outstanding: Short Term data is updated yearly, averaging 57,338.000 USD th from Jun 1957 (Median) to 2016, with 58 observations. The data reached an all-time high of 542,079.000 USD th in 1986 and a record low of 900.000 USD th in 1960. United States Iowa: Debt Outstanding: Short Term data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.F008: Debt Outstanding: State and Local Government: By State.
In 2023, outstanding auto loan debt in the United States reached a value of 1.51 trillion U.S. dollars. The overall value of car loan debt in 2019 amounted to 1.21 trillion U.S. dollars, showing an increase of approximately 300 billion U.S. dollars in three years.
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United States Hawaii: Debt Outstanding: Long Term(LT) data was reported at 14,736,159.000 USD th in 2015. This records an increase from the previous number of 14,210,883.000 USD th for 2014. United States Hawaii: Debt Outstanding: Long Term(LT) data is updated yearly, averaging 2,987,432.000 USD th from Jun 1957 (Median) to 2015, with 57 observations. The data reached an all-time high of 14,736,159.000 USD th in 2015 and a record low of 306,000.000 USD th in 1960. United States Hawaii: Debt Outstanding: Long Term(LT) data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.F008: Debt Outstanding: State and Local Government: By State.
The average consumer debt balance in the United States has peaked in 2023 at roughly 104,200 U.S. dollars. However, average consumer debt had decreased between 2010 and 2013, when it reached approximately 85,500 U.S. dollars. Here, consumer debt refers to student and car loans, credit cards, personal loans, mortgages, and other types of debt.
This dataset contains country level economic and social measures for 183 countries. Part 1, World Tables (1980 File), contains, where available, measures of (1)population, (2)national accounts and price data for 1950, 1955, 1960 through 1977, (3)data on external trade for 1962, 1965, 1970, and 1977, (4)data on balance of payments, debt, central government finance and trade indices for 1970-1977, and (5)social data for 1960, 1970, and (estimated) 1977. More specifically, the groupings include population, GDP by industrial origin and expenditures in constant local prices and current local prices, exchange rates and indices, balance of payments and external debt ($US), central government finance in local currency, social indicators, and external trade. Part 2, World Tables (1982 File), contains data on national accounts, prices, exchange rates and population for 1960-1981. The groupings include GDP by industrial origin as well as expenditure in current local prices and constant local prices, area, population, exchange rates, and indices and savings.
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United States Oklahoma: Debt Outstanding: Short Term data was reported at 84,640.000 USD th in 2016. This records an increase from the previous number of 75,444.000 USD th for 2015. United States Oklahoma: Debt Outstanding: Short Term data is updated yearly, averaging 24,164.000 USD th from Jun 1957 (Median) to 2016, with 58 observations. The data reached an all-time high of 504,991.000 USD th in 1984 and a record low of 100.000 USD th in 1960. United States Oklahoma: Debt Outstanding: Short Term data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.F008: Debt Outstanding: State and Local Government: By State.
As of the last quarter of 2022, Alaska and Hawaii were the states in the U.S. with the highest credit card debt. While the average credit card debt in Alaska amounted to 4,430 U.S. dollars, people from Mississippi only had on average 2,450 U.S. dollars of credit card debt.
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Key information about Canada National Government Debt
Summarizes the U.S. government's total outstanding debt at the end of each fiscal year from 1789 to the current year.