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.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

Key information about Ivory Coast National Government Debt

• Ivory Coast National Government Debt reached 3.9 USD bn in Dec 2015, compared with 3.8 USD bn in the previous year.
• Ivory Coast National Government Debt data is updated yearly, available from Dec 1975 to Dec 2015.
• The data reached an all-time high of 3.9 USD bn in Dec 2015 and a record low of 19.5 USD mn in Dec 1975.

CEIC converts annual Government Debt into USD. The Central Bank of West African States provides Government Debt in local currency. The International Monetary Fund period end market exchange rate is used for currency conversions.


Related information about Ivory Coast National Government Debt

• In the latest reports, Ivory Coast Consolidated Fiscal Balance recorded a deficit equal to 5.9 % of its Nominal GDP in Dec 2022.
• The country's Government debt accounted for 8.6 % of its Nominal GDP in Dec 2015.
• Ivory Coast Nominal GDP reached 13.2 USD bn in Dec 2022.

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 Bulgaria National Government Debt

• Bulgaria National Government Debt reached 26.5 USD bn in Oct 2024, compared with 27.2 USD bn in the previous month.
• Bulgaria National Government Debt data is updated monthly, available from Dec 2015 to Oct 2024.
• The data reached an all-time high of 27.2 USD bn in Sep 2024 and a record low of 12.6 USD bn in Dec 2015.

CEIC converts monthly Government Debt into USD. The Ministry of Finance of the Republic of Bulgaria provides Government Debt in EUR. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Bulgaria National Government Debt

• In the latest reports, Bulgaria Consolidated Fiscal Balance recorded a deficit equal to 3.8 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 22.4 % of its Nominal GDP in Mar 2024.
• Bulgaria Nominal GDP reached 21.9 USD bn in Mar 2023.

United States US: Central Government Debt: Total: % of GDP data was reported at 99.457 % in 2016. This records an increase from the previous number of 97.375 % for 2015. United States US: Central Government Debt: Total: % of GDP data is updated yearly, averaging 54.468 % from Sep 1989 (Median) to 2016, with 28 observations. The data reached an all-time high of 99.457 % in 2016 and a record low of 15.109 % in 2001. United States US: Central Government Debt: Total: % of GDP 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. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

India recorded a Government Debt to GDP of 81.59 percent of the country's Gross Domestic Product in 2023. This dataset provides - India Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the United States had the highest gross government debt of any G7 country, amounting to an estimated 33 trillion U.S. dollars. However, in terms of government debt as a share of GDP, Japan carries a far higher government debt load than the U.S.

In 2023, the gross federal debt in the United States amounted to around ****** U.S. dollars per capita. This is a moderate increase from the previous year, when the per capita national debt amounted to about ****** U.S. dollars. The total debt accrued by the U.S. annually can be accessed here. Federal debt of the United States The level of national debt held by the United States government has risen sharply in the years following the Great Recession. Federal debt is the amount of debt the federal government owes to creditors who hold assets in the form of debt securities. As with individuals and consumers, there is a common consensus among economists that holding debt is not necessarily problematic for government so long as the public debt is held at a sustainable level. Although there is no agreed upon ratio of debt to gross domestic product, the increasing debt held by the Federal Reserve has become a major part of the political discourse in the United States. Politics and the national debt In recent years, debate over the debt ceiling has been of concern to domestic politicians, the owners of federal debt, and global economy as a whole. The debt ceiling is a legislated maximum amount that national debt can reach intended to impose a degree of fiscal prudence on incumbent governments. However, as national debt has grown the debt ceiling has been reached, thus forcing legislative action by Congress. In both 2011 and 2013, new legislation was passed by Congress allowing the debt ceiling to be raised. The Budget Control Act of 2011 and the No Budget, No Pay Act of 2013 successively allowed the government to avoid defaulting on national debt and therefore avert a potential economic crisis.

China recorded a Government Debt to GDP of 88.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - China Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Key information about Serbia Government Debt: % of GDP

• Serbia Government debt accounted for 47.2 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 47.4 % in the previous quarter.
• Serbia government debt to GDP ratio data is updated quarterly, available from Sep 2004 to Dec 2024.
• The data reached an all-time high of 67.3 % in Mar 2015 and a record low of 22.8 % in Sep 2008.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Ministry of Finance and Economy provides Government Debt in EUR. The Statistical Office of the Republic of Serbia provides Nominal GDP in local currency. The Federal Reserve Board and National Bank of Serbia average market exchange rates are used for currency conversions.


Related information about Serbia Government Debt: % of GDP

• In the latest reports, Serbia National Government Debt reached 40.2 USD bn in Dec 2024.
• The country's Nominal GDP reached 16.1 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.

Key information about Netherlands Government Debt: % of GDP

• Netherlands Government debt accounted for 43.2 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 43.9 % in the previous quarter.
• Netherlands government debt to GDP ratio data is updated quarterly, available from Dec 1999 to Jun 2024.
• The data reached an all-time high of 68.2 % in Mar 2015 and a record low of 42.8 % in Dec 2007.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. Statistics Netherlands provides Government Debt in EUR and Nominal GDP in EUR.


Related information about Netherlands Government Debt: % of GDP

• In the latest reports, Netherlands National Government Debt reached 509.0 USD bn in Jun 2024.
• The country's Nominal GDP reached 272.1 USD bn in Mar 2023.

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.

Norway recorded a Government Debt to GDP of 55.10 percent of the country's Gross Domestic Product in 2024. This dataset provides - Norway Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Spain recorded a Government Debt to GDP of 101.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Spain Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of Germany amounted to about 63.89 percent in 2024. Between 1991 and 2024, the ratio rose by approximately 24.40 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 10.96 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.