Private Debt to GDP in the United States decreased to 142 percent in 2024 from 147.50 percent in 2023. United States Private Debt to GDP - values, historical data, forecasts and news - updated on July of 2025.

Key information about United States Private Debt: % of Nominal GDP

• United States Private Debt accounted for 145.54 % of its Nominal GDP in Sep 2024, compared with a ratio of 146.25 % in the previous quarter
• US Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 1951 to Sep 2024, with an average share of 119.14 %
• The data reached an all-time high of 172.25 % in Sep 2008 and a record low of 53.98 % in Dec 1951

CEIC calculates quarterly Private Debt as % of Nominal GDP from quarterly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Debt from Household and Business Sector. Federal Reserve Board provides Private Debt in USD. The Bureau of Economic Analysis Nominal GDP in USD. Flow of Funds Seasonally Adjusted Annual Rate Private Debt and Seasonally Adjusted Annual Rate Nominal GDP are used.

Between 2000 and 2022, the total outstanding of both public and private debt in the United States across all sectors increased significantly, growing from 28.63 trillion U.S. dollars to 93.5 trillion U.S. dollars. These figures include all outstanding loans and debt securities from companies, households, and governments.

Key information about United States Total Debt: % of GDP

• United States Total Debt accounted for 722.0 % of the country's GDP in 2024, compared with the ratio of 722.0 % in the previous quarter.
• US Total Debt: % of GDP data is updated quarterly, available from Dec 1951 to Sep 2024.
• The data reached an all-time high of 834.9 % in Mar 2021 and a record low of 309.4 % in Jun 1953.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as sum of Liabilities for NonFinancial Business, Federal Government, State and Local Government, Households & Nonprofit Organizations and Financial Business less Mutual Fund Shares. Federal Reserve Board provides Total Debt in local currency. Bureau of Economic Analysis provides Nominal GDP in local currency.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for United States from 1996 to 2011 about debt, securities, domestic, private, GDP, and USA.

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.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for United States (DDDM05USA156NWDB) from 1980 to 2020 about debt, securities, private, GDP, and USA.

Households Debt in the United States decreased to 69.20 percent of GDP in the fourth quarter of 2024 from 70.50 percent of GDP in the third quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Private Debt to GDP in Sweden increased to 202.50 percent in 2024 from 191.40 percent in 2023. Sweden Private Debt to GDP - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for United States (CRDQUSAPABIS) from Q4 1945 to Q4 2024 about adjusted, credits, nonfinancial, sector, private, and USA.

Using state-dependent local projections and historical US data, we find that government spending multipliers are considerably larger in periods of private debt overhang. In particular, while multipliers are below or close to one in low private debt states, we find significant crowding-in of private spending in periods of debt overhang, resulting in multipliers that are much larger than one. In high private debt episodes, more government purchases even reduce the ratio of government debt to gross domestic product. These results are robust for the type of shocks, and when we control for the business cycle, financial crises, deleveraging episodes, government debt overhang, and the zero-lower-bound.

Key information about United States Debt Service Ratio: Private Non-Financial Sector

• United States Debt Service Ratio: Private Non-Financial Sector was reported at 14.700 % in Sep 2024
• This records an increase from the previous number of 14.600 % for Jun 2024
• US Debt Service Ratio: Private Non-Financial Sector data is updated quarterly, averaging 14.900 % from Mar 1999 to Sep 2024, with 103 observations
• The data reached an all-time high of 18.600 % in Dec 2007 and a record low of 13.800 % in Mar 2021
• US Debt Service Ratio: Private Non-Financial Sector data remains active status in CEIC and is reported by Bank for International Settlements
• The data is categorized under World Trend Plus’s Association: Banking Sector – Table RC.BIS.DSR: G1 Private Non-Financial Sector (PNF): Quarterly

The generation X was the group of people with the highest average credit card balance in the United States in 2023. That year, the average credit card debt of the generation Z amounted to approximately 3,260 U.S. dollars. People in the silent generation had a credit card balance of roughly 3,410 U.S. dollars.

Graph and download economic data for Federal Debt Held by Private Investors as Percent of Gross Domestic Product (HBPIGDQ188S) from Q1 1970 to Q1 2025 about debt, federal, private, GDP, and USA.

Key information about New Zealand Private Debt: % of Nominal GDP

• New Zealand Private Debt accounted for 136.01 % of its Nominal GDP in Sep 2024, compared with a ratio of 135.21 % in the previous quarter
• New Zealand Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1988 to Sep 2024, with an average share of 135.21 %
• The data reached an all-time high of 157.39 % in Sep 2009 and a record low of 64.97 % in Mar 1989

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Reserve Bank of New Zealand provides Private Debt in local currency based on MFSM 2016. Stats NZ provides Nominal GDP in local currency. Private Debt as % of Nominal GDP prior to Q4 2016 is calculated from Private Debt based on Standard Statistical Return.

Private Sector Credit in the United States increased to 12867.90 USD Billion in May from 12816.40 USD Billion in April of 2025. This dataset provides - United States Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States US: Domestic Credit: to Private Sector by Banks: % of GDP data was reported at 52.994 % in 2016. This records an increase from the previous number of 51.590 % for 2015. United States US: Domestic Credit: to Private Sector by Banks: % of GDP data is updated yearly, averaging 51.221 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 59.755 % in 2008 and a record low of 38.927 % in 1960. United States US: Domestic Credit: to Private Sector by Banks: % 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: Bank Loans. Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

This dataset provides values for PRIVATE 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.

Outstanding international private debt securities to GDP (%) in United States was reported at 21.42 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Outstanding international private debt securities to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.