In September 2023, the national debt of the United States had risen up to 33.17 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.

Sweden recorded a Government Debt to GDP of 33.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Sweden Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Venezuela recorded a Government Debt to GDP of 164.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - Venezuela Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Japan Government Debt: % of GDP

• Japan Government debt accounted for 216.2 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 217.2 % in the previous quarter.
• Japan government debt to GDP ratio data is updated quarterly, available from Dec 1994 to Dec 2024.
• The data reached an all-time high of 225.8 % in Mar 2021 and a record low of 55.9 % in Dec 1994.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bank of Japan provides Government Debt in local currency. The Economic and Social Research Institute provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Japan Government Debt: % of GDP

• In the latest reports, Japan National Government Debt reached 9,396.6 USD bn in Apr 2023.
• The country's Nominal GDP reached 1,080.1 USD bn in Mar 2023.

This statistic shows the ratio of national debt to gross domestic product (GDP) of Pakistan which stands at approximately 73.64 percent in 2025.Fluctuating rise between 1994 and 2025Compared to the earliest depicted observation from 1994 this is a total increase by approximately 15.11 percentage points. The trajectory from 1994 to 2025 shows however that this increase did not happen continuously.Continuous decline between 2025 and 2030The ratio will amount to around 61.05 percent in 2030, according to forecasts. There is an overall decrease by approximately 12.59 percentage points since 2025. This decrease reflects a consistent falling 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.

According to this statistic, the national debt of Pakistan is approximately ************** U.S. dollars in 2025.Fluctuating rise between 1994 and 2025A total increase by approximately ************** U.S. dollars can be observed between 1994 and 2025. The data emphasizes however that this increase did not happen continuously.Continuous rise between 2025 and 2030The national debt will stand at close to ************** U.S. dollars in 2030, according to forecasts. Compared to 2025 this is an overall increase by approximately ************** U.S. dollars. This growth reflects a steady upward trend.

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.

Key information about South Africa Government Debt: % of GDP

• South Africa Government debt accounted for 75.1 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 74.6 % in the previous quarter.
• South Africa government debt to GDP ratio data is updated quarterly, available from Dec 1960 to Sep 2024.
• The data reached an all-time high of 75.1 % in Sep 2024 and a record low of 23.5 % in Sep 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The South African Reserve Bank provides Government Debt in local currency and Nominal GDP in local currency.


Related information about South Africa Government Debt: % of GDP

• In the latest reports, South Africa National Government Debt reached 310.9 USD bn in Oct 2024.
• The country's Nominal GDP reached 95.9 USD bn in Mar 2023.

Key information about Kenya National Government Debt

• Kenya National Government Debt reached 83.5 USD bn in Sep 2024, compared with 83.1 USD bn in the previous month.
• Kenya National Government Debt data is updated monthly, available from Sep 1999 to Sep 2024.
• The data reached an all-time high of 83.5 USD bn in Sep 2024 and a record low of 6.5 USD bn in Sep 1999.

CEIC converts monthly Government Debt into USD. The Central Bank of Kenya provides Government Debt in local currency. The Central Bank of Kenya period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Kenya National Government Debt

• In the latest reports, Kenya Consolidated Fiscal Balance recorded a deficit equal to 2.0 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 67.6 % of its Nominal GDP in Sep 2024.
• Kenya Nominal GDP reached 26.9 USD bn in Sep 2022.

Eritrea: External debt, percent of Gross National Income: The latest value from 2011 is 51.48 percent, a decline from 66.07 percent in 2010. In comparison, the world average is 41.81 percent, based on data from 120 countries. Historically, the average for Eritrea from 1994 to 2011 is 48.16 percent. The minimum value, 5.46 percent, was reached in 1994 while the maximum of 76.24 percent was recorded in 2003.

Key information about Kenya Government Debt: % of GDP

• Kenya Government debt accounted for 67.6 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 67.4 % in the previous quarter.
• Kenya government debt to GDP ratio data is updated quarterly, available from Dec 2009 to Sep 2024.
• The data reached an all-time high of 73.7 % in Dec 2023 and a record low of 39.7 % in Mar 2010.

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


Related information about Kenya Government Debt: % of GDP

• In the latest reports, Kenya National Government Debt reached 83.5 USD bn in Sep 2024.
• The country's Nominal GDP reached 26.9 USD bn in Sep 2022.

Honduras: External debt, percent of Gross National Income: The latest value from 2022 is 43.07 percent, a decline from 47.84 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Honduras from 1970 to 2022 is 53.39 percent. The minimum value, 22.61 percent, was reached in 1970 while the maximum of 108.35 percent was recorded in 1994.

Government Debt in Slovenia increased to 43953.10 EUR Million in the fourth quarter of 2024 from 43372.40 EUR Million in the third quarter of 2024. This dataset provides - Slovenia Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Democratic Republic of the Congo: External debt, percent of Gross National Income: The latest value from 2022 is 15.16 percent, a decline from 17.22 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Democratic Republic of the Congo from 1994 to 2022 is 93.33 percent. The minimum value, 12.7 percent, was reached in 2018 while the maximum of 283.91 percent was recorded in 1999.

Togo: External debt, percent of Gross National Income: The latest value from 2022 is 37.31 percent, a decline from 40.38 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Togo from 1970 to 2022 is 67.86 percent. The minimum value, 11.05 percent, was reached in 2011 while the maximum of 156.2 percent was recorded in 1994.

Commercial bank interest rates on credit card plans in the United States were over six percent higher in early 2024 than in the same period in 2022. In February 2024, the interest amount on credit card plans amounted to 21.59 percent. Alongside this development, the overall amount of credit card debt in the U.S. reached an all-time high in Q4 2023. Credit cards are considered one of the most common ways to pay in the United States, so potential changes on credit card debt are closely tied to both the inflation figure and central bank interest rate of the country.

Gabon: External debt, percent of Gross National Income: The latest value from 2022 is 41.79 percent, a decline from 45.78 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Gabon from 1970 to 2022 is 56.65 percent. The minimum value, 18.55 percent, was reached in 2008 while the maximum of 113.01 percent was recorded in 1994.

Angola: External debt, percent of Gross National Income: The latest value from 2022 is 60.88 percent, a decline from 108.25 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Angola from 1989 to 2022 is 115.18 percent. The minimum value, 20.71 percent, was reached in 2007 while the maximum of 581.12 percent was recorded in 1994.

Rwanda: External debt, percent of Gross National Income: The latest value from 2022 is 74.36 percent, a decline from 86.05 percent in 2021. In comparison, the world average is 56.76 percent, based on data from 113 countries. Historically, the average for Rwanda from 1970 to 2022 is 37.98 percent. The minimum value, 0.9 percent, was reached in 1971 while the maximum of 127.42 percent was recorded in 1994.

Graph and download economic data for Commercial Bank Interest Rate on Credit Card Plans, All Accounts (TERMCBCCALLNS) from Nov 1994 to Feb 2025 about consumer credit, credit cards, loans, consumer, interest rate, banks, interest, depository institutions, rate, and USA.