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.

In October 2024, the public debt of the United States was around 35.46 trillion U.S. dollars, a slight decrease from the previous month. The U.S. public debt ceiling has become one of the most prominent political issues in the States in recent years, with debate over how to handle it causing political turmoil between Democrats and Republicans. The public debt The public debt of the United States has risen quickly since 2000, and in 2022 was more than five times higher than in 2000. The public debt is the total outstanding debt that is owed by the federal government. This figure comprises debt owed to the public (for example, through bonds) and intergovernmental debt (debt owed to various governmental departments), such as Social Security. Debt in Politics The debt issue has become a highly contentious topic within the U.S. government. Measures such as stimulus packages, social programs and tax cuts add to the public debt. Additionally, spending tends to peak during large global events, such as the Great Depression, the 2008 financial crisis, or the COVID-19 pandemic - all of which had a detrimental impact on the U.S. economy. Although both major political parties in the U.S. tend to blame one another for increases in the country's debt, a recent analysis found that both parties have contributed almost equally to national expenditure. Debate on raising the debt ceiling, or the amount of debt the federal government is allowed to have at any one time, was a leading topic in the government shutdown in October 2013. Despite plans from both Democrats and Republicans on how to lower the national debt, it is only expected to increase over the next decade.

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

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.

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.

Total outstanding debt of the U.S. government reported daily. Includes a breakout of intragovernmental holdings (federal debt held by U.S. government) and debt held by the public (federal debt held by entities outside the U.S. government).

The national debt of Russia stood at about ************** U.S. dollars in 2024. Between 1997 and 2024, the national debt rose by approximately ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around ************** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

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.

Dominican Republic DO: Gross Public Debt: % of GDP: Budgetary Central Government: Debt Securities data was reported at 28.481 % in Dec 2017. This records a decrease from the previous number of 28.628 % for Sep 2017. Dominican Republic DO: Gross Public Debt: % of GDP: Budgetary Central Government: Debt Securities data is updated quarterly, averaging 24.167 % from Mar 2014 (Median) to Dec 2017, with 16 observations. The data reached an all-time high of 28.860 % in Jun 2017 and a record low of 15.873 % in Mar 2014. Dominican Republic DO: Gross Public Debt: % of GDP: Budgetary Central Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank.QPSD: Gross Public Debt: % of GDP: Budgetary Central Government.

Key information about New Zealand National Government Debt

• New Zealand National Government Debt reached 111.4 USD bn in Dec 2024, compared with 118.8 USD bn in the previous quarter.
• New Zealand National Government Debt data is updated quarterly, available from Dec 2006 to Dec 2024.
• The data reached an all-time high of 118.8 USD bn in Sep 2024 and a record low of 21.4 USD bn in Sep 2008.

• In the latest reports, New Zealand Consolidated Fiscal Balance recorded a deficit equal to 1.0 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 44.3 % of its Nominal GDP in Sep 2024.
• New Zealand Nominal GDP reached 62.0 USD bn in Mar 2023.

Honduras HN: Gross Public Debt: % of GDP: Central Government: Debt Securities data was reported at 17.393 % in Dec 2017. This records an increase from the previous number of 17.171 % for Sep 2017. Honduras HN: Gross Public Debt: % of GDP: Central Government: Debt Securities data is updated quarterly, averaging 13.941 % from Dec 2014 (Median) to Dec 2017, with 13 observations. The data reached an all-time high of 17.393 % in Dec 2017 and a record low of 13.419 % in Sep 2016. Honduras HN: Gross Public Debt: % of GDP: Central Government: Debt Securities data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Honduras – Table HN.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

Government Debt in New Zealand increased to 175464 NZD Million in 2024 from 155273 NZD Million in 2023. This dataset provides - New Zealand Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Dominican Republic DO: Gross Public Debt: % of GDP: General Government: Debt Securities: Market Value data was reported at 31.638 % in Dec 2017. This records an increase from the previous number of 31.296 % for Sep 2017. Dominican Republic DO: Gross Public Debt: % of GDP: General Government: Debt Securities: Market Value data is updated quarterly, averaging 29.385 % from Jun 2016 (Median) to Dec 2017, with 7 observations. The data reached an all-time high of 31.638 % in Dec 2017 and a record low of 26.723 % in Dec 2016. Dominican Republic DO: Gross Public Debt: % of GDP: General Government: Debt Securities: Market Value data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.

China Gross Public Debt: % of GDP: Central Government: External Creditors data was reported at 0.723 % in Jun 2017. This records a decrease from the previous number of 0.738 % for Dec 2016. China Gross Public Debt: % of GDP: Central Government: External Creditors data is updated quarterly, averaging 0.275 % from Dec 2009 (Median) to Jun 2017, with 16 observations. The data reached an all-time high of 0.738 % in Dec 2016 and a record low of 0.124 % in Jun 2011. China Gross Public Debt: % of GDP: Central Government: External Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank: QPSD: Gross Public Debt: % of GDP: Central Government.

New Zealand recorded a Government Debt to GDP of 45.20 percent of the country's Gross Domestic Product in 2024. This dataset provides - New Zealand Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the percentage change on the previous year for general governments consolidated gross debt as a share of gross domestic product (GDP) in the European Union from 2014 to 2017. The largest change in this period occurred in 2014 when there was an increase of 2.9 percent.

Ukraine National Debt: GD: Internal Debt: Other Liabilities data was reported at 954.650 UAH th in 2017. This stayed constant from the previous number of 954.650 UAH th for 2016. Ukraine National Debt: GD: Internal Debt: Other Liabilities data is updated yearly, averaging 954.650 UAH th from Dec 2000 (Median) to 2017, with 18 observations. The data reached an all-time high of 954.650 UAH th in 2017 and a record low of 954.650 UAH th in 2017. Ukraine National Debt: GD: Internal Debt: Other Liabilities data remains active status in CEIC and is reported by Ministry of Finance of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.F011: National Debt: Annual.

This statistic shows the percentage change on the previous year for general government consolidated gross debt as a share of gross domestic product (GDP) in Hungary from 2011 to 2017. The largest change in this period occurred in 2014 when there was an increase of five percent.

The statistic shows the national debt of France from 2019 to 2022, with projections up until 2029. In 2022, the national debt of France amounted to around 3.19 trillion U.S. dollars. For comparison, the Greek debt amounted to approximately 392.27 billion euros that same year. French national debt and developments in taxationFrance currently has one of the highest national debt levels of any of the world’s nations. Debt in the European Union’s second-largest economy is currently at around 97 percent of GDP. The cost of interest on the country’s debt alone comes in at over 1,600 euros per second; every man, woman, and child in France, of which there are 65.3 million in total, takes a share of just under 28 thousand euros of the debt.On 6th May 2012, the incumbent French President was defeated by François Hollande, leader of the French Socialist Party. The new President vowed to develop and change the tax system of France, announcing wide-ranging economic policies in a bid to balance the nation’s budget and right what he considered to be social wrongs. He pledged and supported the separation of lending and investment banks, as well as proposing sweeping changes to the French tax system. The introduction of the measure of capping tax loopholes at a maximum of ten thousand euros per year and questioning the solidarity tax on wealth, the annual direct wealth tax on those with assets above 1.3 million, were also part of Hollande’s proposals. The President has also signaled his intention to implement an income tax rate of 75 percent on revenue earned above one million euros per year. He stated the allocation of the revenue from this tax would be used to develop the deprived suburbs and to balance the nation's budget by 2017. France is a country brimming with big business and millionaires. The nation is home to the most millionaires in Europe; 2.6 million in total.

Dominican Republic DO: Gross Public Debt: USD: General Government: Debt Securities and Loans data was reported at 28.750 USD bn in Dec 2017. This records an increase from the previous number of 28.494 USD bn for Sep 2017. Dominican Republic DO: Gross Public Debt: USD: General Government: Debt Securities and Loans data is updated quarterly, averaging 23.334 USD bn from Mar 2011 (Median) to Dec 2017, with 28 observations. The data reached an all-time high of 28.750 USD bn in Dec 2017 and a record low of 14.585 USD bn in Mar 2011. Dominican Republic DO: Gross Public Debt: USD: General Government: Debt Securities and Loans data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Dominican Republic – Table DO.World Bank: QPSD: Gross Public Debt: General Government.