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 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.

Graph and download economic data for Gross Federal Debt as Percent of Gross Domestic Product from 1939 to 2023 about gross, debt, federal, GDP, and USA.

The statistic shows the gross national debt of the United States from 2019 to 2024 in relation to the gross domestic product (GDP), with projections up until 2030. In 2024, the national debt of the United States was at around 120.79 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.

Interactive chart of historical data comparing the level of gross domestic product (GDP) with Federal Debt.

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.

Households Debt in the United States decreased to 69.20 percent of GDP in the fourth quarter of 2024 from 70.50 percent of GDP in the third quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 August of 2025.

Key information about United States External Debt: % of GDP

• United States External Debt accounted for 93.7 % of the country's Nominal GDP in 2023, compared with the ratio of 94.4 % in the previous year.
• US External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2023.
• The data reached an all-time high of 100.0 % 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 266.8 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 93.6 USD bn in Jun 2024.
• US Direct Investment Abroad expanded by 56.2 USD bn in Jun 2024.
• Its Foreign Portfolio Investment increased by 258.7 USD bn in Jun 2024.
• The country's External Debt reached 26,467,035.0 in Mar 2024.
• The country's Nominal GDP was reported at 6,632.4 USD bn in Mar 2023.

United States - Federal Debt: Total Public Debt as Percent of Gross Domestic Product was 120.80844 % of GDP in January 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 August of 2025.

Government Debt in the United States decreased to 36211469 USD Million in June from 36215818 USD Million in May of 2025. This dataset provides - United States Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The U.S. debt held by the public amounted to 28.2 trillion U.S. dollars in 2024, which was about 97.8 percent of the U.S. GDP. The forecast predicts an increase in public debt up to 52.06 trillion U.S. dollars in 2035, which would be about 118.5 percent of the U.S. GDP. The actual total debt accrued by the U.S. annually can be accessed here.

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

Key information about United States Private Debt: % of Nominal GDP

• United States Private Debt accounted for 145.54 % of its Nominal GDP in Sep 2024, compared with a ratio of 146.25 % in the previous quarter
• US Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 1951 to Sep 2024, with an average share of 119.14 %
• The data reached an all-time high of 172.25 % in Sep 2008 and a record low of 53.98 % in Dec 1951

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Debt from Household and Business Sector. Federal Reserve Board provides Private Debt in USD. The Bureau of Economic Analysis Nominal GDP in USD. Flow of Funds Seasonally Adjusted Annual Rate Private Debt and Seasonally Adjusted Annual Rate Nominal GDP are used.

This dataset provides values for PRIVATE 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.

Graph and download economic data for Federal Debt Held by the Public as Percent of Gross Domestic Product (FYGFGDQ188S) from Q1 1970 to Q1 2025 about public, debt, federal, GDP, and USA.

Key information about United States Household Debt: % of GDP

• United States household debt accounted for 61.7 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 62.3 % in the previous quarter.
• US household debt to GDP ratio is updated quarterly, available from Mar 1999 to Dec 2024.
• The data reached an all-time high of 85.8 % in Dec 2008 and a record low of 49.4 % in Mar 1999.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. Federal Reserve Board of New York provides Household Debt in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Household Debt includes Mortgages, Home Equity Revolving, Auto Loans, Bankcards, Student Loans and Others.


Related information about United States Household Debt: % of GDP

• In the latest reports, US Household Debt reached 18,036.0 USD bn in Dec 2024.
• Money Supply M2 in US increased 3.9 % YoY in Jan 2025.
• US Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024.
• US Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY.
• The country's Non Performing Loans Ratio stood at 1.7 % in Dec 2024, compared with the ratio of 1.5 % in the previous quarter.

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.

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.

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.