As of July 1, 2024, outstanding corporate debt in the United States was mostly composed of **************** securities, rather than ***************** ones. Of the **** trillion U.S. dollars of outstanding U.S. corporate debt that has been rated, just under *** trillions was rated as speculative grade. Approximately ** percent of the total rated debt was issued by non-financial corporations.

Outstanding corporate debt securities in the United States have been trending upwards since the first quarter of 2018, with this growth accelerating with the onset of the global coronavirus (COVID-19) pandemic. From a total of almost 20 trillion U.S. dollars in the first quarter 2018, by the second quarter of 2022 this value had climbed to approximately 24.3 trillion U.S. dollars.

Graph and download economic data for Nonfinancial Business; Debt Securities and Loans; Liability, Level (TBSDODNS) from Q4 1945 to Q1 2025 about nonfinancial, sector, debt, domestic, business, and USA.

Graph and download economic data for Total Credit to Non-Financial Corporations, Adjusted for Breaks, for United States (QUSNAM770A) from Q4 1947 to Q4 2024 about adjusted, credits, nonfinancial, corporate, and USA.

Between 2000 and 2022, the total outstanding of both public and private debt in the United States across all sectors increased significantly, growing from 28.63 trillion U.S. dollars to 93.5 trillion U.S. dollars. These figures include all outstanding loans and debt securities from companies, households, and governments.

Graph and download economic data for Nonfinancial Corporate Business; Debt Securities; Asset, Level (NCBDSTQ027S) from Q4 1945 to Q1 2025 about IMA, nonfinancial, debt, securities, corporate, business, assets, and USA.

Key information about United States Total Debt: % of GDP

• United States Total Debt accounted for 722.0 % of the country's GDP in 2024, compared with the ratio of 722.0 % in the previous quarter.
• US Total Debt: % of GDP data is updated quarterly, available from Dec 1951 to Sep 2024.
• The data reached an all-time high of 834.9 % in Mar 2021 and a record low of 309.4 % in Jun 1953.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as sum of Liabilities for NonFinancial Business, Federal Government, State and Local Government, Households & Nonprofit Organizations and Financial Business less Mutual Fund Shares. Federal Reserve Board provides Total Debt in local currency. Bureau of Economic Analysis provides Nominal GDP in local currency.

United States - Nonfinancial Corporate Business; Debt Securities; Liability, Level was 8501899.00000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, United States - Nonfinancial Corporate Business; Debt Securities; Liability, Level reached a record high of 8501899.00000 in January of 2024 and a record low of 24000.00000 in January of 1945. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Nonfinancial Corporate Business; Debt Securities; Liability, Level - last updated from the United States Federal Reserve on June of 2025.

Private Debt to GDP in the United States decreased to 142 percent in 2024 from 147.50 percent in 2023. United States Private Debt to GDP - values, historical data, forecasts and news - updated on June of 2025.

As of the third quarter of 2024, the vast majority of debt securities issued by U.S. corporations had an original maturity of over *** year. Short-term debt securities issued by non-financial corporations amounted to just over *** percent, while those issued by financial corporations were **** percent of the total.

United States - Nonfinancial Corporate Business; Debt Securities and Loans; Liability, Level was 13950.22100 Bil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Nonfinancial Corporate Business; Debt Securities and Loans; Liability, Level reached a record high of 13950.22100 in January of 2025 and a record low of 44.65300 in October of 1945. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Nonfinancial Corporate Business; Debt Securities and Loans; Liability, Level - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Nonfinancial Corporate Business; Debt as a Percentage of Net Worth (Historical Cost), Level (NCBCMDPNWHC) from Q4 1945 to Q1 2025 about historical cost, credit market, net worth, nonfinancial, debt, corporate, business, Net, percent, and USA.

The debt held by Chinese nonfinancial corporations as a share of GDP was the highest of any major economy in 2022 at 158 percent. This was almost twice that of the United States, whose corporations held debt which amounted to 78 percent of the country's GDP in the same year.

Over the last decade, the debt of nonfinancial corporations in China have grown the fastest of all major economies, increasing from 4.38 trillion U.S. dollars in 2008 to 27.7 trillion U.S. dollars in 2022. As a result, Chinese corporate debt now exceeds U.S. corporate debt, which stood at nearly 20 trillion U.S. dollars in 2022.

As of January 1, 2019, the majority of corporate debt in the United States was rated BBB or lower, amounting to just under 69 percent of the total outstanding debt for financial and nonfinancial companies. AAA rated debt accounted for 0.9 percent of the total outstanding debt, with no AAA debt having been issued by financial companies.

These figures only include debt rated by S&P Global.

As of third quarter of 2024, the outstanding value of U.S. corporate debt securities held by foreign entities amounted to over ************ U.S. dollars. Non-resident entities held more than **** of corporate debt securities issued by non-financial corporations, while the share of corporate debt securities issued by financial corporations held by non-resident entities was approximately ** percent of the total.

The outstanding value of debt securities issued by nonfinancial corporations in the United States increased steadily between 2000 and 2024. As of the third quarter of 2024, U.S. nonfinancial corporate debt securities amounted to approximately *** trillion U.S. dollars.

United States Liabilities: Flow: FC: Debt Securities: Corporate Bonds data was reported at 6.203 USD bn in Mar 2018. This records an increase from the previous number of -0.130 USD bn for Dec 2017. United States Liabilities: Flow: FC: Debt Securities: Corporate Bonds data is updated quarterly, averaging 0.000 USD bn from Dec 1951 (Median) to Mar 2018, with 266 observations. The data reached an all-time high of 36.040 USD bn in Mar 1999 and a record low of -27.682 USD bn in Jun 2017. United States Liabilities: Flow: FC: Debt Securities: Corporate Bonds data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB032: Funds by Sector: Flows and Outstanding: Funding Corporations.

This statistic presents the volume of corporate debt securities outstanding in the United States from 2000 to 2018. In 2018, the volume of the corporate debt securities outstanding in the United States was 9.2 trillion U.S. dollars.

United States FRB Recession Risk: Corporate Bond Credit Spread data was reported at 1.268 Basis Point in Apr 2025. This records an increase from the previous number of 1.114 Basis Point for Mar 2025. United States FRB Recession Risk: Corporate Bond Credit Spread data is updated monthly, averaging 1.572 Basis Point from Jan 1973 (Median) to Apr 2025, with 628 observations. The data reached an all-time high of 7.924 Basis Point in Nov 2008 and a record low of 0.563 Basis Point in Oct 1978. United States FRB Recession Risk: Corporate Bond Credit Spread data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.S090: FRB Recession Risk.