Graph and download economic data for Gross Federal Debt as Percent of Gross Domestic Product (GFDGDPA188S) from 1939 to 2023 about gross, debt, federal, GDP, and USA.

Summarizes the U.S. government's total outstanding debt at the end of each fiscal year from 1789 to the current year.

The average for 2022 based on 174 countries was 59.99 percent. The highest value was in Japan: 236.58 percent and the lowest value was in Liechtenstein: 0.5 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Public sector net debt amounted to 95.8 percent of gross domestic product in the United Kingdom during the 2024/25 financial year, or 90 percent when the Bank of England is excluded. UK government debt is at its highest levels since the early 1960s, due to a significant increase in borrowing during the COVID-19 pandemic. After peaking at 251.7 percent shortly after the end of the Second World War, government debt in the UK gradually fell, before a sharp increase in the late 2000s at the time of the global financial crisis. Debt not expected to start falling until 2029/30 In 2024/25, the UK's government expenditure was approximately 1.28 trillion pounds, around 44.7 percent of GDP. This spending was financed by 1.13 trillion pounds of revenue raised, and 151 billion pounds of borrowing. Although the UK government can still borrow money in the future to finance its spending, the amount spent on debt interest has increased significantly recently. Recent forecasts suggest that while the debt is eventually expected to start declining, this is based on falling government deficits in the next five years. Government facing hard choices Hitting fiscal targets, such as reducing the national debt, will require a careful balancing of the books from the current government, and the possibility for either spending cuts or tax rises. Although Labour ruled out raising the main government tax sources, Income Tax, National Insurance, and VAT, at the 2024 election, they did raise National Insurance for employers (rather than employees) and also cut Winter Fuel allowances for large numbers of pensioners. Less than a year after implementing cuts to Winter Fuel, the government performed a U-Turn on the issue, and will make it widely available by the winter of 2025.

Government Debt in Canada increased to 1223.62 CAD Billion in 2024 from 1173.01 CAD Billion in 2023. This dataset provides - Canada Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Canada National Government Debt

• Canada National Government Debt reached 1,519.8 USD bn in Mar 2024, compared with 1,423.3 USD bn in the previous year.
• Canada National Government Debt data is updated yearly, available from Mar 1962 to Mar 2024.
• The data reached an all-time high of 1,519.8 USD bn in Mar 2024 and a record low of 20.5 USD bn in Mar 1962.

CEIC converts annual Government Debt into USD. The Department of Finance Canada provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt is in annual frequency, ending in March of each year.


Related information about Canada National Government Debt

• In the latest reports, Canada Consolidated Fiscal Balance recorded a deficit equal to 1.8 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 69.4 % of its Nominal GDP in Mar 2024.
• Canada Nominal GDP reached 520.3 USD bn in Mar 2023.

Key information about South Africa National Government Debt

• South Africa National Government Debt reached 300.2 USD bn in Dec 2024, compared with 311.3 USD bn in the previous month.
• South Africa National Government Debt data is updated monthly, available from Jan 1960 to Dec 2024.
• The data reached an all-time high of 315.7 USD bn in Sep 2024 and a record low of 3.4 USD bn in Feb 1960.

CEIC converts monthly Government Debt into USD. South African Reserve Bank provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about South Africa National Government Debt

• In the latest reports, South Africa Consolidated Fiscal Balance recorded a deficit equal to 4.5 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 75.1 % of its Nominal GDP in Sep 2024.
• South Africa Nominal GDP reached 95.9 USD bn in Mar 2023.

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.

In 2023, the credit market debt of households in the United States amounted to nearly 20 trillion U.S. dollars. Those figures measure the liability level of the credit market instruments of and nonprofit organizations, which, overall, have increased considerably during the past decade.

Key information about Canada Government Debt: % of GDP

• Canada Government debt accounted for 69.4 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 66.9 % in the previous year.
• Canada government debt to GDP ratio data is updated yearly, available from Mar 1962 to Mar 2024.
• The data reached an all-time high of 83.6 % in Mar 1996 and a record low of 33.1 % in Mar 1977.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. The Department of Finance Canada provides Government Debt in local currency. Statistics Canada provides Nominal GDP in local currency based on CSNA 2012/SNA 2008. Government Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about Canada Government Debt: % of GDP

• In the latest reports, Canada National Government Debt reached 1,519.8 USD bn in Mar 2024.
• The country's Nominal GDP reached 520.3 USD bn in Mar 2023.

Nigeria Government Debt: External data was reported at 7,759.230 NGN bn in 2018. This records an increase from the previous number of 5,787.513 NGN bn for 2017. Nigeria Government Debt: External data is updated yearly, averaging 240.394 NGN bn from Dec 1960 (Median) to 2018, with 59 observations. The data reached an all-time high of 7,759.230 NGN bn in 2018 and a record low of 0.000 NGN bn in 1960. Nigeria Government Debt: External data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.F003: Government Debt: Annual.

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) from 1929 to 2024 about budget, federal, GDP, and USA.

Nigeria Government Debt data was reported at 20,533.636 NGN bn in 2018. This records an increase from the previous number of 18,376.999 NGN bn for 2017. Nigeria Government Debt data is updated yearly, averaging 287.443 NGN bn from Dec 1960 (Median) to 2018, with 59 observations. The data reached an all-time high of 20,533.636 NGN bn in 2018 and a record low of 0.030 NGN bn in 1960. Nigeria Government Debt data remains active status in CEIC and is reported by Debt Management Office Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.F003: Government Debt: Annual.

Nigeria Government Debt: Domestic: Holder: Others data was reported at 5,442.290 NGN bn in 2017. This records a decrease from the previous number of 5,493.540 NGN bn for 2016. Nigeria Government Debt: Domestic: Holder: Others data is updated yearly, averaging 20.310 NGN bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 5,493.540 NGN bn in 2016 and a record low of 0.022 NGN bn in 1960. Nigeria Government Debt: Domestic: Holder: Others data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.F003: Government Debt: Annual.

The average for 2022 based on 14 countries was 52.09 percent. The highest value was in Egypt: 88.53 percent and the lowest value was in Kuwait: 2.94 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

In 2023, the generation X was the age group with the highest amount of auto loan debt in the United States. That group had on average a car loan debt of roughly 27,100 U.S. dollars. Meanwhile, the silent generation had the lowest amount of auto loan debt, amounting to approximately 16,050 U.S. dollars.

In 2023, outstanding auto loan debt in the United States reached a value of 1.51 trillion U.S. dollars. The overall value of car loan debt in 2019 amounted to 1.21 trillion U.S. dollars, showing an increase of approximately 300 billion U.S. dollars in three years.

United States Hawaii: Debt Outstanding: Long Term(LT) data was reported at 14,736,159.000 USD th in 2015. This records an increase from the previous number of 14,210,883.000 USD th for 2014. United States Hawaii: Debt Outstanding: Long Term(LT) data is updated yearly, averaging 2,987,432.000 USD th from Jun 1957 (Median) to 2015, with 57 observations. The data reached an all-time high of 14,736,159.000 USD th in 2015 and a record low of 306,000.000 USD th in 1960. United States Hawaii: Debt Outstanding: Long Term(LT) data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.F008: Debt Outstanding: State and Local Government: By State.

The average for 2022 based on 41 countries was 55.7 percent. The highest value was in Japan: 236.58 percent and the lowest value was in Brunei: 2.06 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The average consumer debt balance in the United States has peaked in 2023 at roughly 104,200 U.S. dollars. However, average consumer debt had decreased between 2010 and 2013, when it reached approximately 85,500 U.S. dollars. Here, consumer debt refers to student and car loans, credit cards, personal loans, mortgages, and other types of debt.