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.

Germany recorded a Government Debt to GDP of 62.50 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Germany Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Brazil recorded a Government Debt to GDP of 76.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Brazil Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the ratio of national debt to gross domestic product (GDP) of Israel stood at about 67.88 percent. Between 2000 and 2024, the figure dropped by approximately 9.27 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the ratio will steadily grow by around 2.29 percentage points from 2024 to 2030.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

At the end of 2024, Romania's public debt peaked at 64.3 percent of the country's gross domestic product. This represented an increase of 4.7 percentage points compared to the previous year. As of February 2025, the public debt was 59.9 percent of the GDP.

In 2024, the ratio of national debt to gross domestic product (GDP) of Russia amounted to about 20.30 percent. Between 1997 and 2024, the figure dropped by approximately 31.22 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the ratio will steadily grow by around 6.91 percentage points from 2024 to 2030.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Japan recorded a Government Debt to GDP of 236.70 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Japan Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government debt in the United Kingdom reached over 2.8 trillion British pounds in 2024/25, compared with 2.69 trillion pounds in the previous financial year. Although debt has been increasing throughout this period, there is a noticeable jump between 2019/20, and 2020/21, when debt increased from 1.82 trillion pounds, to 2.15 trillion. The UK's government debt was the equivalent of 95.8 percent of GDP in 2024/25, and is expected to increase slightly in coming years, and not start falling until the end of this decade. Public finances in a tight spot With government debt approaching 100 percent of GDP, the UK finds itself in a tricky fiscal situation. If the UK can't reduce it's spending, or increase its revenue, the government will have to continue borrowing large amounts, increasing the debt further. Adding to the problem, is the fact that financing this debt has got steadily more expensive recently, with the government currently spending more on debt interest than it does on defence, transport, and public order and safety. Can the UK grow out its debt? After the Second World War, when the national debt reached over 250 percent of GDP, the UK managed to reduce its debt-to-GDP ratio, due to the economy growing faster than its debt over a long period of time. This is certainly the hope of the current Labour government, who are seeking to avoid significant tax and spending adjustments by strengthening the economy. Overdue investments in infrastructure and increased capital spending may eventually achieve this goal, but the government's declining popularity suggests they may not be in power by the time these policies might eventually bear fruit.

Graph and download economic data for Federal Debt Held by the Public as Percent of Gross Domestic Product (FYGFGDQ188S) from Q1 1970 to Q2 2025 about public, debt, federal, GDP, and USA.

Key information about China Government Debt: % of GDP

• China Government debt accounted for 25.6 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 25.1 % in the previous quarter.
• China government debt to GDP ratio data is updated quarterly, available from Mar 2014 to Dec 2024.
• The data reached an all-time high of 25.6 % in Dec 2024 and a record low of 14.0 % in Mar 2014.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in local currency. The National Bureau of Statistics provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about China Government Debt: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023.
• The country's Nominal GDP reached 4,166.8 USD bn in Mar 2023.

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.

Key information about New Zealand Government Debt: % of GDP

• New Zealand Government debt accounted for 44.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 41.9 % in the previous quarter.
• New Zealand government debt to GDP ratio data is updated quarterly, available from Dec 2006 to Sep 2024.
• The data reached an all-time high of 44.3 % in Sep 2024 and a record low of 16.6 % in Jun 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Treasury provides Government Debt in local currency. Stats NZ provides Nominal GDP in local currency.


Related information about New Zealand Government Debt: % of GDP

• In the latest reports, New Zealand National Government Debt reached 111.4 USD bn in Dec 2024.
• The country's Nominal GDP reached 62.0 USD bn in Mar 2023.

The ratio of national debt to gross domestic product (GDP) of Poland stood at about 55.28 percent in 2024. Between 1995 and 2024, the ratio rose by approximately 6.70 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 12.41 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a 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.

In 2024, the ratio of national debt to gross domestic product (GDP) of Jamaica stood at approximately 69.18 percent. Between 1999 and 2024, the figure dropped by around 13.57 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the ratio will steadily decline by about 16.82 percentage points from 2024 to 2030.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

The ratio of national debt to gross domestic product (GDP) of Romania was about 57.24 percent in 2024. Between 2000 and 2024, the ratio rose by approximately 27.68 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 18.46 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Indonesia Government Debt: % of GDP

• Indonesia Government debt accounted for 39.2 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 38.9 % in the previous quarter.
• Indonesia government debt to GDP ratio data is updated quarterly, available from Jun 2015 to Dec 2024.
• The data reached an all-time high of 41.6 % in Mar 2021 and a record low of 25.9 % in Jun 2015.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance provides Government Debt in local currency. Statistics Indonesia provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Indonesia Government Debt: % of GDP

• In the latest reports, Indonesia National Government Debt reached 548.0 USD bn in Jan 2025.
• The country's Nominal GDP reached 332.8 USD bn in Mar 2023.

The ratio of national debt to gross domestic product (GDP) of Portugal was estimated at approximately 94.93 percent in 2024. Between 1990 and 2024, the ratio rose by around 34.72 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is expected to drop by about 19.08 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Chile Government Debt: % of GDP

• Chile Government debt accounted for 44.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 40.9 % in the previous quarter.
• Chile government debt to GDP ratio data is updated quarterly, available from Mar 2002 to Sep 2024.
• The data reached an all-time high of 44.0 % in Sep 2024 and a record low of 3.3 % in Jun 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Chilean Budget Estimation Directory provides Government Debt in USD. The Central Bank of Chile provides Nominal GDP in local currency. The Central Bank of Chile average market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Chile Government Debt: % of GDP

• In the latest reports, Chile National Government Debt reached 141.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 86.4 USD bn in Mar 2023.