The United States recorded a Government Debt to GDP of 124.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about United States Government Debt: % of GDP

• United States Government debt accounted for 120.9 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 122.3 % in the previous quarter.
• US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Jun 2025.
• The data reached an all-time high of 130.3 % 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 38,040.1 USD bn in Oct 2025.
• The country's Nominal GDP reached 7,621.4 USD bn in Jun 2025.

Graph and download economic data for Gross Federal Debt Held by the Public as Percent of Gross Domestic Product (FYPUGDA188S) from 1939 to 2023 about public, debt, gross, federal, GDP, and USA.

Key information about United States Total Debt: % of GDP

• United States Total Debt accounted for 718.9 % of the country's GDP in 2025, compared with the ratio of 718.5 % in the previous quarter.
• US Total Debt: % of GDP data is updated quarterly, available from Dec 1951 to Jun 2025.
• The data reached an all-time high of 834.1 % 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.

Government Debt in the United States increased to 38040094 USD Million in October from 37637553 USD Million in September of 2025. This dataset provides - United States Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States - Federal Debt: Total Public Debt as Percent of Gross Domestic Product was 119.29757 % of GDP in April of 2025, according to the United States Federal Reserve. Historically, United States - Federal Debt: Total Public Debt as Percent of Gross Domestic Product reached a record high of 132.81490 in April of 2020 and a record low of 30.60333 in July of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Debt: Total Public Debt as Percent of Gross Domestic Product - last updated from the United States Federal Reserve on December of 2025.

In September 2024, the national debt of the United States had risen up to 35.46 trillion U.S. dollars. The national debt per capita had risen to 85,552 U.S. dollars in 2021. As represented by the statistic above, the public debt of the United States has been continuously rising. U.S. public debt Public debt, also known as national and governmental debt, is the debt owed by a nations’ central government. In the case of the U.S., national debt is owed by the federal government to Treasury security holders. Generally speaking, government debt increases with government spending, and can be decreased through taxes. During the COVID-19 pandemic, the U.S. government increased spending significantly to finance virus infrastructure, aid, and various forms of economic relief. International public debt Venezuela leads the global ranking of the 20 countries with the highest public debt in 2021. In relation to the Gross Domestic Product (GDP), Venezuela's public debt amounted to around 306.95 percent of GDP. Eritrea was ranked fifth, with an estimated debt of 170 percent of the Gross Domestic Product. The national debt of the United Kingdom is forecasted to grow from 87 percent in 2022 to 70 percent in 2027, in relation to the Gross Domestic Product. These figures include England, Wales, Scotland as well as Northern Ireland. Greece had the highest national debt among EU countries as of the 4th quarter of 2020 in relation to the Gross Domestic Product. Germany ranked 13th in the EU, with its national debt amounting to 69 percent of GDP in the same time period. Tuvalu was one of the 20 countries with the lowest national debt in 2021 in relation to the GDP, while Macao had an estimated level of national debt of zero percent, the lowest of any country. The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance.

Key information about United States External Debt: % of GDP

• United States External Debt accounted for 94.3 % of the country's Nominal GDP in 2024, compared with the ratio of 93.4 % in the previous year.
• US External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2024.
• The data reached an all-time high of 99.9 % in Dec 2020 and a record low of 60.6 % in Dec 2003.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The U.S. Department of the Treasury provides External Debt in USD based on BPM6. The Bureau of Economic Analysis provides Nominal GDP in USD. External Debt prior to 2014 is based on BPM5.


Related information about United States External Debt: % of GDP

• In the latest reports of US, Current Account recorded a deficit of 251.3 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 124.6 USD bn in Jun 2025.
• US Direct Investment Abroad fell by 4.3 USD bn in Jun 2025.
• Its Foreign Portfolio Investment increased by 452.5 USD bn in Jun 2025.
• The country's External Debt reached 28,604,291.0 in Jun 2025.
• The country's Nominal GDP was reported at 7,621.4 USD bn in Jun 2025.

Summarizes the U.S. government's total outstanding debt at the end of each fiscal year from 1789 to the current year.

Italy recorded a Government Debt to GDP of 135.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - Italy Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Public sector net debt amounted to 93.5 percent of gross domestic product in the United Kingdom during the 2024/25 financial year. Following the COVID-19 pandemic, UK government debt has reached levels not seen since the early 1960s, due to a significant increase in borrowing in 2020/21. 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 percent of GDP. This spending was financed by 1.14 trillion pounds of revenue raised, and almost 150 billion pounds of borrowing. Although the UK government can continue to borrow money to finance its spending, the amount spent on debt interest has increased significantly in recent years. Current 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 also held back on more significant cuts to welfare.

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 December of 2025.

United States US: General Government: Net Debt: % of GDP data was reported at 83.669 % in 2023. This records an increase from the previous number of 82.141 % for 2022. United States US: General Government: Net Debt: % of GDP data is updated yearly, averaging 77.701 % from Dec 2001 (Median) to 2023, with 23 observations. The data reached an all-time high of 83.669 % in 2023 and a record low of 33.899 % in 2001. United States US: General Government: Net Debt: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.FM: Government Finance Statistics.

The statistic shows the national debt of the United States from 2020 to 2024, with projections up until 2030. The amount of the debt of the United States amounted to around 35.25 trillion U.S. dollars in 2024. National debt of the United States National debt in the United States is a topic of much debate and controversy, primarily due to large amounts of unnecessary spending. Despite the fact that the United States had the highest gross domestic product (GDP) in the world in 2016, along with being one of the most developed powerhouses in the world, the country suffers in many economical aspects. When analyzing the country’s imports and exports, the United States has recorded a trade deficit for more than a decade as of 2015, meaning that its imports exceeded its exports every year. However, despite being significantly affected by the world economic crisis in 2008, the country’s trade balance noticeably improved in 2009, almost halving the country’s total trade deficit. An economical aspect that did not improve during the world economic crisis was the country’s unemployment rate. The number of unemployed in the United States increased greatly in 2009 and continued to rise in 2010, however finally stabilized in the following years and has since declined yearly. When considering the total population of the United States, which amounted to roughly 322 million in 2015, a large percentage of citizens, who are capable of work, have been left without a job for roughly 7 years.

United States Gross Federal Debt: Annual: Percentage of GDP data was reported at 122.200 % in 2024. This records an increase from the previous number of 120.700 % for 2023. United States Gross Federal Debt: Annual: Percentage of GDP data is updated yearly, averaging 34.300 % from Sep 1940 (Median) to 2024, with 85 observations. The data reached an all-time high of 126.200 % in 2020 and a record low of 31.800 % in 1981. United States Gross Federal Debt: Annual: Percentage of GDP data remains active status in CEIC and is reported by Office of Management and Budget. The data is categorized under Global Database’s United States – Table US.F: Federal Debt: Annual.

United States US: Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data was reported at 99.012 % in Mar 2018. This records an increase from the previous number of 97.067 % for Dec 2017. United States US: Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data is updated quarterly, averaging 62.860 % from Mar 1995 (Median) to Mar 2018, with 93 observations. The data reached an all-time high of 99.012 % in Mar 2018 and a record low of 46.902 % in Jun 2001. United States US: Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Adding to national debt is an inevitable fact of being President of the United States. The extent to which debt rises under any sitting president depends not only on the policy and spending choices they have made, but also the choices made by presidents and congresses that have come before them. Ronald Reagan and George W. Bush President Ronald Reagan increased the U.S. debt by around **** trillion U.S. dollars, or ****** percent. This is often attributed to "Reaganomics," in which Reagan implemented significant supply-side economic policies in which he reduced government regulation, cut taxes, and tightened the money supply. Spending increased under President George W. Bush in light of the wars in Iraq and Afghanistan. To finance the wars, President Bush chose to borrow the money, rather than use war bonds or increase taxes, unlike previous war-time presidents. Additionally, Bush introduced a number of tax cuts, and oversaw the beginning of the 2008 financial crisis. Barack Obama President Obama inherited both wars in Iraq and Afghanistan, and the financial crisis. The Obama administration also did not increase taxes to pay for the wars, and additionally passed expensive legislation to kickstart the economy following the economic crash, as well as the Affordable Care Act in 2010. The ACA expanded healthcare coverage to cover more than ** million more Americans through programs like Medicare and Medicaid. Though controversial at the time, more than half of Americans have a favorable view of the ACA in 2023. Additionally, he signed legislation making the W. Bush-era tax cuts permanent.

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.