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.

Credit card debt in the United States has been growing at a fast pace between 2021 and 2025. In the fourth quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans, as credit card debt decreased from *** billion U.S. dollars in the last quarter of 2019 to *** billion U.S. dollars in the first quarter of 2021. What portion of Americans use credit cards? A substantial portion of Americans had at least one credit card in 2025. That year, the penetration rate of credit cards in the United States was ** percent. This number increased by nearly seven percentage points since 2014. The primary factors behind the high utilization of credit cards in the United States are a prevalent culture of convenience, a wide range of reward schemes, and consumer preferences for postponed payments. Which companies dominate the credit card issuing market? In 2024, the leading credit card issuers in the U.S. by volume were JPMorgan Chase & Co. and American Express. Both firms recorded transactions worth over one trillion U.S. dollars that year. Citi and Capital One were the next banks in that ranking, with the transactions made with their credit cards amounting to over half a trillion U.S. dollars that year. Those industry giants, along with other prominent brand names in the industry such as Bank of America, Synchrony Financial, Wells Fargo, and others, dominate the credit card market. Due to their extensive customer base, appealing rewards, and competitive offerings, they have gained a significant market share, making them the preferred choice for consumers.

Consumers in the United States had over **** trillion dollars in debt as of the first quarter of 2025. The majority of that debt were home mortgages, amounting to approximately **** trillion U.S. dollars. Student and car loans were the second and third largest component of household debt. Why is consumer debt important? Debt influences the Consumer Sentiment Index, which is an important indicator assessing the state of the U.S. economy. The U.S. housing market is also seen a bellwether of the economic conditions in the country. The housing industry employs a large number of people, and mortgages are large investments that consumers will pay off over the course of years, sometimes decades. Because of this, financial analysts closely watch consumer debt and its effects on the demand for housing. Attitudes towards debt Consumer perception of debt differed, depending on the kind of debt in question. While most saw a home mortgage as a positive investment, they increasingly looked at student loan debt as a negative debt. With education costs increasing, people are incurring more student loan debt in the United States. Credit card debt also had negative connotations.

Households Debt in the United States decreased to 68.30 percent of GDP in the first quarter of 2025 from 69.40 percent of GDP in the fourth quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In August 2025, the public debt of the United States was around 37.27 trillion U.S. dollars, a slight decrease from the previous month. The U.S. public debt ceiling has become one of the most prominent political issues in the States in recent years, with debate over how to handle it causing political turmoil between Democrats and Republicans. The public debt The public debt of the United States has risen quickly since 2000, and in 2022 was more than five times higher than in 2000. The public debt is the total outstanding debt that is owed by the federal government. This figure comprises debt owed to the public (for example, through bonds) and intergovernmental debt (debt owed to various governmental departments), such as Social Security. Debt in Politics The debt issue has become a highly contentious topic within the U.S. government. Measures such as stimulus packages, social programs and tax cuts add to the public debt. Additionally, spending tends to peak during large global events, such as the Great Depression, the 2008 financial crisis, or the COVID-19 pandemic - all of which had a detrimental impact on the U.S. economy. Although both major political parties in the U.S. tend to blame one another for increases in the country's debt, a recent analysis found that both parties have contributed almost equally to national expenditure. Debate on raising the debt ceiling, or the amount of debt the federal government is allowed to have at any one time, was a leading topic in the government shutdown in October 2013. Despite plans from both Democrats and Republicans on how to lower the national debt, it is only expected to increase over the next decade.

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.

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Debt Financing Market Size 2025-2029

The debt financing market size is forecast to increase by USD 7.89 billion at a CAGR of 6.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the tax advantages of debt financing for businesses. The ability to deduct interest payments from taxable income makes debt financing an attractive option for companies seeking capital. Another key trend in the market is the increasing collaboration and mergers and acquisitions (M&A) activity, which often involves the use of debt financing to fund transactions. However, it is important to note that collateral may be necessary for some forms of debt financing, adding layer of complexity to the process.
Companies seeking to capitalize on these opportunities must navigate the challenges of securing adequate collateral and managing debt levels to maintain financial health and wellness. Effective debt management strategies, such as optimizing debt structures and maintaining strong credit ratings, will be essential for companies looking to succeed in this dynamic market. Debt financing is a significant component of the regional capital markets, with financial institutions, banks, and insurance companies serving as major players.

What will be the Size of the Debt Financing Market during the forecast period?

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The market encompasses various debt instruments issued by entities to secure funds for business operations and growth. Market dynamics are influenced by several factors, including interest rate cycles, monetary policy, and economic growth. Basel Accords and the Financial Stability Board set standards for financial institutions' risk management and capital adequacy, impacting debt issuance. Government debt, securitization transactions, and various debt instruments like interest rate swaps, loan-to-value ratios, and credit-linked notes, shape the market landscape. Market volatility, driven by factors such as business cycles, credit spreads, and risk appetite, influences investor sentiment. Debt sustainability, fiscal policy, and ESG investing are increasingly important considerations for issuers and investors.
Asset managers are focusing on leveraging technology and data analytics to improve operational efficiency and meet the evolving needs of investors. The market is, however, not without challenges, with regulatory compliance and interest rate risks being major concerns. Overall, the income asset management market in North America is poised for steady growth, driven by the demand for debt financing and wealth management solutions, and the increasing adoption of advanced analytics and ETFs.

How is this Debt Financing Industry segmented?

The debt financing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Source

  Private
  Public


Type

  Long-term
  Short-term
  Long-term


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    Japan
    South Korea


  Middle East and Africa



  South America

By Source Insights

The private segment is estimated to witness significant growth during the forecast period. Debt financing is a popular financing method for businesses seeking to expand operations while maintaining ownership. Private debt financing, in particular, has gained significant traction among financial specialists worldwide due to its importance in funding small- and mid-sized organizations globally. The demand for debt financing by startups has increased annually, leading to the sector's substantial growth over the last five years. This financing option's flexibility enables businesses to customize their financing solutions to address specific needs, making it an allure for numerous organizations. Private debt financing encompasses various instruments such as Real Estate Debt, Term Loans, Leveraged Buyouts, Asset Securitization, Infrastructure Financing, Loan Servicing, and more.

Financial Leverage, Debt Covenants, Credit Risk, and Interest Rate Risk are essential considerations in this sector. Hedge Funds, Collateralized Loan Obligations, High Yield Debt, and Investment Grade Debt are alternative investment areas. Private Equity, Syndicated Loans, Venture Debt, Bridge Financing, and Mezzanine Financing are also integral components. Financial Institutions offer various debt financing solutions, including Capital Markets, Expansion Financing, Growth Capital, Debt Refinancing, and Debt Consolidation. Financial Modeling, Return on Investment, and Risk Management are crucial aspects of debt financing. Debt Advisory, Financial Engineering, and Debt Capital Markets are essential services in this field. Small Business Loans, Supply Ch

Consumer debt in the U.S. has kept rising, reaching new highs in mortgage, credit card, auto, and student loan balances. Two real‑world impacts: Homebuyers face steeper payments because mortgage balances and rates are rising, tightening affordability. And millions of student loan borrowers resumed payments today, triggering spikes in delinquency rates...

According to Cognitive Market Research, the global Debt Collection Services market size will be USD 30524.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 3.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 12209.84 million in 2025 and will grow at a compound annual growth rate (CAGR) of 1.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9157.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7020.66 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1526.23 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 610.49 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2025 to 2033.
The Digital debt collection solutions and automated services category led the Debt Collection Services Market.

Market Dynamics of Debt Collection Services Market

Key Drivers for Debt Collection Services Market

Automation and AI improve efficiency and collection accuracy to Boost Market Growth: The key drivers dominating the market for automation and AI in improving efficiency and collection accuracy include the need for businesses to reduce operational costs, streamline processes, and enhance accuracy in data handling. AI-driven systems enable real-time data analysis, predictive maintenance, and improved decision-making, reducing human error and increasing throughput. Automation, through robotics and intelligent algorithms, speeds up repetitive tasks while ensuring consistent quality. These technologies also enhance customer experience by enabling faster response times and personalized solutions. Additionally, regulatory pressures and the increasing demand for scalable, efficient operations fuel the adoption of AI and automation technologies.

Stringent regulations drive demand for legal and ethical services: Stringent regulations play a pivotal role in driving demand for legal and ethical services. As industries face increasingly complex legal requirements, businesses seek expert guidance to ensure compliance and mitigate risks. Heightened scrutiny from regulatory bodies across sectors like finance, healthcare, and manufacturing makes adherence to laws crucial. Ethical considerations further bolster the demand as organizations prioritize reputation and transparency. Legal professionals offer strategic counsel to navigate these challenges, helping firms avoid costly penalties and safeguard their operations. Consequently, the growing emphasis on compliance and ethical conduct fuels the expanding market for legal and ethical services.

Restraint Factor for the Debt Collection Services Market

Strict regulations complicate debt collection process and operations: Strict regulations significantly hinder the debt collection process by creating compliance challenges for companies. Regulations regarding consumer protection, privacy, and fair debt collection practices limit the methods and timing of contact with debtors. These laws may prevent aggressive collection tactics, delay recovery processes, and require extensive documentation, increasing operational costs. Companies must navigate varied regional and international rules, complicating cross-border debt collection. Non-compliance can result in legal penalties, reputational damage, or financial losses. Additionally, these regulations often require investing in specialized training, technologies, and legal resources, further slowing down and complicating the overall debt recovery operations.

Market Trends in Debt Collection Services Market

Streamlining processes and improving efficiency through technological advancements: The key trends driving the streamlining of processes and enhancing efficiency through technological advancements include automation, AI-driven decision-making, and cloud integration. Automation reduces manual labor and human error, improving speed and accuracy. Artificial Intelligence (AI) and machine learning enable predictive analytics and intelligent workflows, optim...

Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q2 2025 about public, debt, federal, government, and USA.

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.

Government Debt in Germany increased to 2553976 EUR Million in the second quarter of 2025 from 2523342 EUR Million in the first quarter of 2025. This dataset provides - Germany Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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Debt Collection Software Market Size 2025-2029

The debt collection software market size is valued to increase by USD 3.01 billion, at a CAGR of 8.8% from 2024 to 2029. Rise in non-performing loans (NPLs) will drive the debt collection software market.

Market Insights

APAC dominated the market and accounted for a 43% growth during the 2025-2029.
By Deployment - On-premises segment was valued at USD 3.01 billion in 2023
By Industry Application - Small and medium enterprises segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 89.16 million 
Market Future Opportunities 2024: USD 3009.80 million
CAGR from 2024 to 2029 : 8.8%

Market Summary

The market witnesses significant growth due to the increasing incidence of non-performing loans (NPLs) worldwide. Businesses across industries are turning to advanced technologies to streamline their debt collection processes and mitigate financial losses. One real-world scenario involves a global manufacturing company aiming to optimize its supply chain by reducing outstanding debts. By implementing a robust debt collection software solution, the company can automate communication with debtors, integrate credit risk assessment tools, and implement workflow automation to expedite the collection process. The integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), is a key trend in the market. These technologies enable predictive analytics, allowing businesses to identify potential debtors at risk and proactively engage with them. Furthermore, cloud-based solutions offer scalability and flexibility, enabling businesses to manage their debt collection operations more efficiently. Despite the benefits, the high cost of debt collection software remains a challenge for small and medium-sized enterprises (SMEs). However, as competition intensifies and regulatory requirements become more stringent, investing in a comprehensive debt collection solution becomes increasingly essential for businesses to maintain financial health and operational efficiency.

What will be the size of the Debt Collection Software Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free SampleThe market continues to evolve, offering advanced solutions to streamline regulatory compliance checks, customer relationship management, dispute resolution process, and payment schedule optimization for businesses. One significant trend in this market is the integration of automated collection letters, payment reminder systems, and collection agency interfaces, enabling collection team productivity and call tracking. These tools have proven effective in improving collection efficiency, reducing payment processing fees, and enhancing debt recovery strategies. For instance, companies have reported a 25% increase in recovery rates by implementing automated dunning processes and advanced reporting features. Furthermore, debt portfolio analysis, account reconciliation tools, and risk mitigation strategies have become essential components of debt collection software, ensuring payment plan management and legal hold management are seamlessly integrated. Additionally, fraud detection systems and legal case management tools provide an extra layer of security, safeguarding against data breaches and ensuring compliance with evolving regulations. By investing in these solutions, businesses can optimize their collection agency workflow, improve customer communication channels, and ultimately boost their bottom line.

Unpacking the Debt Collection Software Market Landscape

In the debt collection industry, businesses increasingly leverage advanced software solutions to streamline operations, optimize strategies, and ensure regulatory compliance. One key area of focus is credit bureau integration, which enables real-time access to consumer credit information for informed collection decisions. Another critical aspect is collection strategy optimization, resulting in a 15% increase in recovery rates on average. Additionally, regulatory compliance modules and reporting tools help align with legal requirements, reducing potential penalties and fines by up to 20%. Predictive analytics models and risk assessment scoring further enhance debt recovery platforms, enabling early warning systems to identify and address delinquent accounts before they escalate. Furthermore, customer data security, payment gateway integration, and financial institution integration ensure secure transactions and improved customer experience. Other essential features include audit trail logging, legal compliance features, dunning letter generation, agent performance tracking, accounts receivable automation, debt portfolio management, payment processing integration, and collection agency software. Overall, these s

Navigating overwhelming debt? Explore the booming consumer debt settlement market. Learn about market size, growth trends, key players, and regional insights for 2025-2033. Discover effective debt relief strategies and find solutions to regain financial stability.

According to Cognitive Market Research, the global Debt Settlement market size is USD 289.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 115.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 86.76 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 66.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 14.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 5.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The B2B Type held the highest Debt Settlement market revenue share in 2024

Market Dynamics of Debt Settlement Market

Key Drivers for Debt Settlement Market

Increased Consumer Debt to Increase the Demand Globally:

Rising consumer debt tiers, influenced by factors that include scholar loans, clinical payments, and credit card utilization, make contributions to burgeoning customers for debt settlement companies. Mounting economic obligations stresses people, prompting them to search for comfort through debt agreement offerings. Student mortgage burdens, exacerbated with the aid of escalating lesson fees and clinical prices, frequently now not fully protected by using coverage, compound the debt crisis. Additionally, sizable credit card utilization amplifies patron indebtedness. These elements together pressure people to explore debt agreement alternatives, aiming to barter decreased payment arrangements with lenders. Consequently, the demand for debt agreement offerings surges amidst the backdrop of escalating purchaser debt, reflecting the profound effect of financial strain on households.

Greater Awareness of Debt Settlement Services to Propel Market Growth:

Heightened advertising endeavors and monetary literacy tasks have fostered broader know-how of debt settlement offerings as a viable approach to debt control. With extra publicity for those options, customers are increasingly open to exploring alternatives beyond traditional debt compensation techniques. Enhanced recognition empowers people to recall debt agreements as a proactive technique to alleviate economic burdens. As they grow to be extra informed about the capacity blessings and implications, clients are much more likely to interact with debt agreement businesses to negotiate favorable phrases with lenders. This shift indicates a fundamental alternate in customer attitudes toward debt management, pushed via education and outreach efforts aimed toward promoting financial empowerment and resilience.

Key Restraint Factor for the Debt Settlement Market

Negative Impact on Credit Score to Limit the Sales:

Debt agreement, even as providing alleviation from overwhelming monetary burdens, frequently involves an amazing drawback: a vast decline in the man or woman's credit score. By negotiating decreased repayment quantities with lenders, individuals efficiently acknowledge an incapacity to fulfill the initial debt duties as agreed upon. Consequently, credit score reporting groups interpret this as a hazard component, main to a downward adjustment within the person's credit rating. This faded score can critically prevent future financial endeavors, consisting of securing loans or traces of credit, as creditors normally view lower credit scores as indicative of heightened repayment danger. Thus, whilst debt settlement provides on-the-spot respite, its lasting impact on creditworthiness underscores the importance of cautiously weighing the trade-offs concerned in pursuing such answers.

Key Trends for the Debt Settlement Market

AI-Driven Settlement Algorithms: Machine learning forecasts the most favorable settlement amounts and their timing. Automated systems evaluate creditor behavior patterns. These instruments greatly enhance the success rates of negotiations. Providers achieve greater efficiency in managing larger volumes of cases.

Debt S...

Debt Recovery Service Market Outlook

The global debt recovery service market size was valued at approximately $13.5 billion in 2023 and is projected to grow to around $20.8 billion by 2032, manifesting a CAGR of 4.8% during the forecast period. The primary growth drivers for this market include the increasing levels of consumer and business debt worldwide, the rising complexity of debt collection processes, and the growing emphasis on maintaining financial health among businesses.

One of the significant growth factors is the escalation in consumer and business debt levels globally. As households and corporations accumulate more debt, the demand for efficient debt recovery services surges. Economic fluctuations, credit market dynamics, and consumer behavior significantly influence debt levels, thereby impacting the necessity for specialized debt recovery services. Moreover, the rise in credit card debts, student loans, and mortgage delinquencies further fuels the requirement for proficient debt collection agencies.

Another paramount factor contributing to the market's growth is the increasing complexity of debt collection processes. The regulatory landscape governing debt recovery is becoming more stringent, necessitating specialized knowledge and compliance capabilities. This, in turn, drives organizations to outsource debt collection to expert third-party agencies equipped with the necessary tools and expertise to navigate these regulations efficiently. Additionally, technological advancements have introduced sophisticated analytics and AI-driven solutions, enabling more effective debt recovery strategies, which are increasingly being adopted by industry players.

The emphasis on maintaining financial health and liquidity is another critical driver for the debt recovery service market. Businesses across various sectors are focusing on optimizing their cash flow and minimizing bad debt to sustain their operations and growth. Effective debt recovery services enable organizations to recover delinquent debts more efficiently, thereby improving their financial health. This trend is particularly evident in sectors like healthcare, financial services, and retail, where maintaining a healthy cash flow is crucial for operational sustainability.

Debt Settlement Solution strategies are becoming increasingly relevant as both consumers and businesses seek to manage and reduce their financial obligations. These solutions offer a structured approach to negotiating with creditors to lower the total debt owed, often resulting in a more manageable repayment plan. As the complexity of financial products grows, individuals and companies are looking for ways to alleviate their debt burdens without resorting to bankruptcy. This trend is particularly noticeable in markets where economic instability has led to higher levels of personal and corporate debt. The demand for debt settlement services is expected to rise as more entities look for viable alternatives to traditional debt recovery methods.

Regionally, North America holds a substantial share of the debt recovery service market, driven by the high levels of consumer and corporate debt and the presence of major market players. Europe follows closely, with stringent regulatory frameworks and a mature financial services sector contributing to market growth. Meanwhile, the Asia Pacific region is anticipated to exhibit the highest CAGR during the forecast period, attributed to the rapid economic growth, increasing consumer debt, and expanding financial services industry in countries like China and India.

Type Analysis

In the debt recovery service market, the type segment is categorized into third-party collection agencies, debt buyers, in-house debt collection services, and others. Third-party collection agencies dominate this segment, primarily due to their expertise and higher success rates in recovering debts compared to in-house teams. These agencies employ advanced analytics, legal expertise, and strategic negotiation techniques, making them the preferred choice for many businesses. Additionally, they offer flexible service models, ranging from contingency-based pricing to fixed-fee arrangements, catering to diverse client needs.

Debt buyers represent another significant segment within the market. These entities purchase delinquent debt portfolios from original creditors at a fraction of their face value and then attempt to collect the full amount from debto

Key information about Thailand Household Debt

• Thailand Household Debt reached 502.3 USD bn in Jun 2025, compared with the reported number of 480.5 USD bn in the previous quarter
• Thailand Household Debt: USD mn data is updated quarterly, available from Mar 2003 to Jun 2025
• The data reached an all-time high of 505.9 USD bn in Sep 2024 and a record low of 56.0 USD bn in Mar 2003

CEIC converts quarterly Household Debt into USD. The Bank of Thailand provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics. Household Debt prior to Q1 2012 excludes Student Loan Fund, National Housing Authority, Agricultural Cooperatives, Fisheries Cooperatives, Land Settlement Cooperatives, Consumer Cooperatives and Service Cooperatives.


Further information about Thailand Household Debt

• In the latest reports, Thailand Household Debt accounted for 86.8 % of the country's Nominal GDP in Jun 2025
• Money Supply M2 in Thailand increased 834.5 USD bn YoY in Oct 2025
• Thailand Foreign Exchange Reserves was measured at 235.0 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 7.3 Months of Import in Oct 2025
• Thailand Domestic Credit reached 849.2 USD bn in Oct 2025, representing an increased of 2.3 % YoY

Total credit card debt in the UK grew by over ****billion British pounds between March and April 2025, now reaching a similar level of debt as seen in early 2020. The annual growth rate of credit card debt stayed about the same in April 2025, reaching *** percent when compared to aApril 2024. The growth rate in 2024 has been decreasing until 2025 where it started to increase again, which may potentially be attributed to growing interest rates and the cost of living crisis.

The global debt collection services market is experiencing steady growth, reaching $31.07B in 2025, driven by rising consumer debt and technological advancements. Explore market trends, segmentation by application (healthcare, student loans) and debt type (bad debt, early-out debt), key players (Experian, TransUnion), and regional analysis in our comprehensive market report.

By 2035, the gross federal debt of the United States is projected to be about 59.3 trillion U.S. dollars. This would be an increase of around 24 trillion U.S. dollars from 2024, when the federal debt was around 35 trillion U.S. dollars. The federal debt of the U.S. The federal debt, also called the national debt or public debt, is the amount of debt held by the United States government. This debt may be to other countries, or to different departments within the government itself. The public debt of the United States has increased significantly over the past 30 years, as it was around 3.2 trillion U.S. dollars in 1990 and surpassed 30 trillion dollars for the first time in 2022. When broken down per capita, the national debt amounted to about 80,885 U.S. dollars of debt per person in the United States in 2021. The problem of the federal debt Over the past decade, the federal debt limit in the United States has increased significantly. The U.S. debt ceiling can only be changed by an act of Congress which is then signed by the president. The raising of the ceiling has become a recurring political issue in recent years, especially during times when the Presidency and chambers of Congress are controlled by different parties. The debt ceiling is a tool that allows the Treasury to issue bonds without congressional approval, allowing for efficiency in the way that the government pays for programs and services. It is thought to be further valuable in that it keeps federal finances in check. However, when the two parties are unable to come to an agreement on raising the debt ceiling, the government comes to a shutdown because they can no longer fund themselves. The Republican Party in particular often positions itself against raising the federal debt ceiling, characterizing themselves as the party of fiscal conservativism. However, analyses have shown that both parties have contributed to the country's debt in almost equal measures.