Graph and download economic data for Federal government current expenditures: Interest payments (A091RC1Q027SBEA) from Q1 1947 to Q1 2025 about payments, expenditures, federal, government, interest, GDP, and USA.

Graph and download economic data for Government current expenditures: Interest payments (A180RC1Q027SBEA) from Q1 1947 to Q1 2025 about payments, expenditures, government, interest, GDP, and USA.

In 2023, the U.S. government spent a total of 875 billion U.S. dollars on interest of public debt. 497 billion U.S. dollars was on interest for debt held by the public.

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

United States - Government current expenditures: Interest payments was 1367.05500 Bil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Government current expenditures: Interest payments reached a record high of 1380.30300 in October of 2024 and a record low of 5.90100 in January of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Government current expenditures: Interest payments - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Federal Outlays: Interest as Percent of Gross Domestic Product (FYOIGDA188S) from 1940 to 2024 about outlays, federal, percent, interest, GDP, and USA.

United States - Federal government current expenditures: Interest payments was 278578.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Federal government current expenditures: Interest payments reached a record high of 281101.00000 in October of 2024 and a record low of 1338.00000 in January of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal government current expenditures: Interest payments - last updated from the United States Federal Reserve on July of 2025.

BEA Account Code: A091RC

For more information about this series, please see http://www.bea.gov/national/.

United States - Federal government current expenditures: Interest payments: to persons and business was 865.47600 Bil. of $ in January of 2024, according to the United States Federal Reserve. Historically, United States - Federal government current expenditures: Interest payments: to persons and business reached a record high of 865.47600 in January of 2024 and a record low of 13.54600 in January of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal government current expenditures: Interest payments: to persons and business - last updated from the United States Federal Reserve on July of 2025.

As of October 2024, the United States government has a monthly interest rate of *** percent on its debt, continuing an upward trend in interest rates that began at the beginning of 2022. In April 2024, U.S. debt reached ***** trillion U.S. dollars.

The benchmark interest rate in the United States was last recorded at 4.50 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States US: Expenditure: Interest Payments data was reported at 475.117 USD bn in 2016. This records an increase from the previous number of 438.441 USD bn for 2015. United States US: Expenditure: Interest Payments data is updated yearly, averaging 218.950 USD bn from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 475.117 USD bn in 2016 and a record low of 14.820 USD bn in 1972. United States US: Expenditure: Interest Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Graph and download economic data for Federal Outlays: Interest (FYOINT) from 1940 to 2024 about outlays, federal, interest, and USA.

Austria Federal Debt Servicing Costs: Interest Payments data was reported at 5,303.000 EUR mn in 2024. This records an increase from the previous number of 4,733.000 EUR mn for 2023. Austria Federal Debt Servicing Costs: Interest Payments data is updated yearly, averaging 5,303.000 EUR mn from Dec 1970 (Median) to 2024, with 55 observations. The data reached an all-time high of 7,535.000 EUR mn in 2016 and a record low of 198.000 EUR mn in 1970. Austria Federal Debt Servicing Costs: Interest Payments data remains active status in CEIC and is reported by Oesterreichische Nationalbank. The data is categorized under Global Database’s Austria – Table AT.F015: Federal Debt.

BEA Account Code: A180RC

For more information about this series, please see http://www.bea.gov/national/.

United States US: Expenditure: Interest Payments: % of Revenue data was reported at 13.642 % in 2016. This records an increase from the previous number of 12.630 % for 2015. United States US: Expenditure: Interest Payments: % of Revenue data is updated yearly, averaging 15.112 % from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 19.229 % in 1985 and a record low of 6.428 % in 1973. United States US: Expenditure: Interest Payments: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

United States US: Expenditure: Interest Payments: % of Expenditure data was reported at 11.222 % in 2016. This records an increase from the previous number of 10.669 % for 2015. United States US: Expenditure: Interest Payments: % of Expenditure data is updated yearly, averaging 12.862 % from Sep 1972 (Median) to 2016, with 45 observations. The data reached an all-time high of 16.046 % in 2001 and a record low of 6.147 % in 1973. United States US: Expenditure: Interest Payments: % of Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

United States - Personal interest payments was 566.60000 Bil. of $ in May of 2025, according to the United States Federal Reserve. Historically, United States - Personal interest payments reached a record high of 568.40000 in April of 2025 and a record low of 5.10000 in February of 1959. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Personal interest payments - last updated from the United States Federal Reserve on July of 2025.

While interest rates in the United States declined three times by late 2024, average credit card interest rates did not immediately follow suit. This reveals itself when comparing the Federal Reserve interest rate against the APR, or annual percentage rates, of credit cards issued by commercial banks. The APR reached a record high in the country in 2024, likely adding to the growing credit card debt in the United States. This was below the APR of credit cards in a country like Brazil, however. It is expected that the credit card interest rates will continue to need time to catch up with the Fed interest rate.

The U.S. federal funds effective rate underwent a dramatic reduction in early 2020 in response to the COVID-19 pandemic. The rate plummeted from 1.58 percent in February 2020 to 0.65 percent in March, and further decreased to 0.05 percent in April. This sharp reduction, accompanied by the Federal Reserve's quantitative easing program, was implemented to stabilize the economy during the global health crisis. After maintaining historically low rates for nearly two years, the Federal Reserve began a series of rate hikes in early 2022, with the rate moving from 0.33 percent in April 2022 to 5.33 percent in August 2023. The rate remained unchanged for over a year, before the Federal Reserve initiated its first rate cut in nearly three years in September 2024, bringing the rate to 5.13 percent. By December 2024, the rate was cut to 4.48 percent, signaling a shift in monetary policy in the second half of 2024. In January 2025, the Federal Reserve implemented another cut, setting the rate at 4.33 percent, which remained unchanged throughout the following months. What is the federal funds effective rate? The U.S. federal funds effective rate determines the interest rate paid by depository institutions, such as banks and credit unions, that lend reserve balances to other depository institutions overnight. Changing the effective rate in times of crisis is a common way to stimulate the economy, as it has a significant impact on the whole economy, such as economic growth, employment, and inflation. Central bank policy rates The adjustment of interest rates in response to the COVID-19 pandemic was a coordinated global effort. In early 2020, central banks worldwide implemented aggressive monetary easing policies to combat the economic crisis. The U.S. Federal Reserve's dramatic reduction of its federal funds rate - from 1.58 percent in February 2020 to 0.05 percent by April - mirrored similar actions taken by central banks globally. While these low rates remained in place throughout 2021, mounting inflationary pressures led to a synchronized tightening cycle beginning in 2022, with central banks pushing rates to multi-year highs. By mid-2024, as inflation moderated across major economies, central banks began implementing their first rate cuts in several years, with the U.S. Federal Reserve, Bank of England, and European Central Bank all easing monetary policy.