In the fiscal year of 2021, total state and local government debt in the state of New York amounted to 20.07 percent of the annual Gross Domestic Product of the state. In Kentucky, this figure amounted to 22.78 percent of the state's annual GDP, the highest of any state.

The national debt of the United Stated can be found here.

In the fiscal year of 2024, California's state debt stood at about 158.05 billion U.S. dollars. Comparatively, the state's debt was 57.17 billion U.S. dollars in 2000. The national debt of the United Stated can be found here.

CA: Gross Public Debt: % of GDP: General Government: Debt Securities data was reported at 87.481 % in Dec 2024. This records an increase from the previous number of 87.214 % for Sep 2024. CA: Gross Public Debt: % of GDP: General Government: Debt Securities data is updated quarterly, averaging 70.969 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 95.337 % in Mar 2021 and a record low of 48.643 % in Mar 2008. CA: Gross Public Debt: % of GDP: General Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

The statistic shows the national debt of the United States from 2019 to 2022 in relation to the gross domestic product (GDP), with projections up until 2029. In 2022, the national debt of the United States was at around 120.03 percent of the gross domestic product. See the US GDP for further information. US finances There has been a dramatic increase in the public debt of the United States since 1990, although the month-to-month change has been quite stable over the last few months. Public debt is defined as the amount of money borrowed by a country to cover budget deficits. A ranking of individual state debt in the United States shows that California is leading by a clear margin, with more than double the amount of runner-up New York. Vermont, North Dakota and South Dakota are the states with the lowest amount of debt. Even before the recession of 2008, the national debt of the United States had been increasing steadily and excessively, and it is predicted to rise even further. Budget cuts and fewer job opportunities as a result of the crisis are taking their toll on the American economy, which is still recovering. Trade figures as well as unemployment are still below average. Subsequently, the national debt and the national debt of the United States per capita have more or less quadrupled since the 1990s. Interestingly, the United States is not even among the top ten of countries with the highest public debt in relation to gross domestic product in international comparison. Japan, Greece and Italy – among others – report far higher figures than the United States.

CA: Gross Public Debt: % of GDP: General Government data was reported at 125.417 % in Dec 2024. This records an increase from the previous number of 124.555 % for Sep 2024. CA: Gross Public Debt: % of GDP: General Government data is updated quarterly, averaging 110.210 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 140.775 % in Dec 2020 and a record low of 85.679 % in Mar 2008. CA: Gross Public Debt: % of GDP: General Government data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

Canada CA: Gross Public Debt: % of GDP: Central Government: External Creditors data was reported at 18.693 % in Dec 2024. This records an increase from the previous number of 17.343 % for Sep 2024. Canada CA: Gross Public Debt: % of GDP: Central Government: External Creditors data is updated quarterly, averaging 10.193 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 18.693 % in Dec 2024 and a record low of 3.378 % in Dec 2007. Canada CA: Gross Public Debt: % of GDP: Central Government: External Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

Key information about United States Government Debt: % of GDP

• United States Government debt accounted for 124.0 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 123.1 % in the previous quarter.
• US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Dec 2024.
• The data reached an all-time high of 130.4 % in Mar 2021 and a record low of 31.8 % in Sep 1974.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bureau of the Fiscal Service provides Government Debt in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Government Debt covers Central Government only.


Related information about United States Government Debt: % of GDP

• In the latest reports, US National Government Debt reached 36,220.2 USD bn in Jan 2025.
• The country's Nominal GDP reached 6,632.4 USD bn in Mar 2023.

Quarterly gross and net debt to gross domestic product for federal and other levels of general government.

Canada CA: Gross Public Debt: % of GDP: General Government: External Creditors data was reported at 28.005 % in Dec 2024. This records an increase from the previous number of 26.618 % for Sep 2024. Canada CA: Gross Public Debt: % of GDP: General Government: External Creditors data is updated quarterly, averaging 20.131 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 30.963 % in Mar 1995 and a record low of 9.329 % in Dec 2007. Canada CA: Gross Public Debt: % of GDP: General Government: External Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

Quarterly total debt to equity and credit market debt to equity for private non-financial corporations.

General government gross domestic and foreign debt, and financial liabilities by category, quarterly.

In 2021, the federal state of New York had debt of around 19,318 U.S. dollars per capita, the most out of any state in the U.S. While not a state, the District of Columbia had an even higher per capita debt, at 29,756 U.S. dollars. The total debt accrued by the U.S. annually can be accessed here, and outstanding debt by state here.

Quarterly debt to gross domestic product, debt to disposable income and other indicators, for the household sector and the non-profit institutions serving households sector, by category.

This table contains 29 series, with data for years 2009 - 2019 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada) Central government debt (29 items: A. Federal debt (accumulated deficit), (B - E); B. Net debt, (C - D); C. Liabilities, gross debt; Accounts payable and accrued liabilities; ...).

Net debt as a percent of Gross Domestic Product 1994-95 to 2022-23

Canada CA: Gross Public Debt: % of GDP: Central Government: Debt Securities and Loans data was reported at 46.854 % in Dec 2024. This records an increase from the previous number of 46.606 % for Sep 2024. Canada CA: Gross Public Debt: % of GDP: Central Government: Debt Securities and Loans data is updated quarterly, averaging 35.881 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 57.250 % in Jun 1996 and a record low of 24.021 % in Dec 2007. Canada CA: Gross Public Debt: % of GDP: Central Government: Debt Securities and Loans data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

This table contains 6 series, with data for years 1990 - 2012 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada);  Estimates (6 items: Total government gross debt (book value) to gross domestic product (GDP); Federal government gross debt (book value) to gross domestic product (GDP); Other levels of government gross debt (book value) to gross domestic product (GDP); Total government net debt (book value) to gross domestic product (GDP); ...).

The Central African Republic: Government debt as percent of GDP: The latest value from 2022 is 51.04 percent, an increase from 48.53 percent in 2021. In comparison, the world average is 59.99 percent, based on data from 174 countries. Historically, the average for the Central African Republic from 1997 to 2022 is 61.63 percent. The minimum value, 19.69 percent, was reached in 2011 while the maximum of 103.11 percent was recorded in 2001.

Debt Expense as a percent of Gross Domestic Product1994-95 to 2022-23

Canada CA: Gross Public Debt: % of GDP: General Government: Debt Securities and Loans data was reported at 95.740 % in Dec 2024. This records an increase from the previous number of 94.886 % for Sep 2024. Canada CA: Gross Public Debt: % of GDP: General Government: Debt Securities and Loans data is updated quarterly, averaging 77.440 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 102.801 % in Dec 2020 and a record low of 53.399 % in Mar 2008. Canada CA: Gross Public Debt: % of GDP: General Government: Debt Securities and Loans data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.