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 December of 2025.

Between 2000 and 2024, the total outstanding of both public and private debt in the United States across all sectors increased significantly, growing from 28.64 trillion U.S. dollars to 102.21 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 718.9 % of the country's GDP in 2025, compared with the ratio of 718.5 % in the previous quarter.
• US Total Debt: % of GDP data is updated quarterly, available from Dec 1951 to Jun 2025.
• The data reached an all-time high of 834.1 % 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.

Households Debt in the United States decreased to 68.30 percent of GDP in the first quarter of 2025 from 69.40 percent of GDP in the fourth quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

In the third quarter of 2024, household debt in the United States amounted to over 71.66 percent of its GDP. It can be generally observed that U.S. households are more indebted by the end of the year than in any other quarter. The debt of households peaked in the last quarter of 2020, reaching the highest value since 2013. Debt to GDP ratio As it can be observed here, the household debt to GDP ratio decreased overall in the recent years. The steady growth of the gross domestic product in the United States could be a factor explaining this tendency. If the volume of debt grows at a slower pace than the GDP, the debt to GDP ratio would decrease. In addition to that, the overall value of mortgage debt in the U.S., which is the most significant component of the household debt, decreased from 2012 to the third quarter of 2014, but it has rebounded since then. Public debt in the U.S. Public debt in the United States, which is the amount of money borrowed by the government to finance budget deficits, has been increasing almost every single year. Not only that, but according to that forecast it is also expected to keep increasing during the coming years. The major holders of American government debt, as of December 2023, were Federal Reserve and government accounts and foreign and international holders. The ratio of national debt to GDP of the United States was higher than that of other major economies, but lower than that of Japan. Some of the lowest debt to GDP ratios were observed in Hong Kong SAR, Kuwait, and Turkmenistan.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for United States (DDDM03USA156NWDB) from 1996 to 2011 about debt, domestic, securities, private, GDP, and USA.

Graph and download economic data for Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for United States (QUSPAMUSDA) from Q4 1945 to Q1 2025 about adjusted, credits, nonfinancial, sector, private, and USA.

Private credit activity in the United States increased considerably in the last decade. Between 2019 and 2020, the value of assets under management (AUM) in the private credit industry jumped to over *** trillion U.S. dollars, and kept increasing in the following years. By the end of 2023, private credit AUM amounted to *** trillion U.S. dollars.

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q2 2025 about disposable, payments, personal income, debt, percent, households, personal, income, services, and USA.

Outstanding Domestic Private Debt Securities to GDP for United States was 91.86% in January of 2011, according to the United States Federal Reserve. Historically, Outstanding Domestic Private Debt Securities to GDP for United States reached a record high of 119.95 in January of 2008 and a record low of 68.19 in January of 1990. Trading Economics provides the current actual value, an historical data chart and related indicators for Outstanding Domestic Private Debt Securities to GDP for United States - last updated from the United States Federal Reserve on December of 2025.

Private Sector Credit in the United States increased to 13147.30 USD Billion in October from 13082 USD Billion in September of 2025. This dataset provides - United States Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumers in the United States had over **** trillion dollars in debt as of the first quarter of 2025. The majority of that debt were home mortgages, amounting to approximately **** trillion U.S. dollars. Student and car loans were the second and third largest component of household debt. Why is consumer debt important? Debt influences the Consumer Sentiment Index, which is an important indicator assessing the state of the U.S. economy. The U.S. housing market is also seen a bellwether of the economic conditions in the country. The housing industry employs a large number of people, and mortgages are large investments that consumers will pay off over the course of years, sometimes decades. Because of this, financial analysts closely watch consumer debt and its effects on the demand for housing. Attitudes towards debt Consumer perception of debt differed, depending on the kind of debt in question. While most saw a home mortgage as a positive investment, they increasingly looked at student loan debt as a negative debt. With education costs increasing, people are incurring more student loan debt in the United States. Credit card debt also had negative connotations.

Actual value and historical data chart for United States Outstanding International Private Debt Securities To GDP Percent

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

• United States Debt Service Ratio: Private Non-Financial Sector was reported at 14.300 % in Mar 2025
• This records a decrease from the previous number of 14.500 % for Dec 2024
• US Debt Service Ratio: Private Non-Financial Sector data is updated quarterly, averaging 14.800 % from Mar 1999 to Mar 2025, with 105 observations
• The data reached an all-time high of 18.500 % 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

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.

Key information about United States Household Debt

• United States Household Debt reached 18,585.0 USD bn in Sep 2025, compared with the reported number of 18,388.0 USD bn in the previous quarter
• US Household Debt: USD mn data is updated quarterly, available from Mar 1999 to Sep 2025
• The data reached an all-time high of 18,585.0 USD bn in Sep 2025 and a record low of 4,540.0 USD bn in Mar 1999

Federal Reserve Board of New York provides quarterly Household Debt in USD. Household Debt includes Mortgages, Home Equity Revolving, Auto Loans, Bankcards, Student Loans and Others.


Further information about United States Household Debt

• In the latest reports, United States Household Debt accounted for 61.4 % of the country's Nominal GDP in Jun 2025
• Money Supply M2 in United States increased 22,298.1 USD bn YoY in Oct 2025
• United States Foreign Exchange Reserves was measured at 38.3 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Aug 2025
• United States Domestic Credit reached 31,813.3 USD bn in Mar 2025, representing an increased of 4.0 % YoY

According to a survey conducted in the United States among private credit firms, the preferred private debt strategy these firms pursue was **************, indicated by ** percent of respondents. On the other hand, ************ and was among the least preferred strategies, chosen by ** percent of respondents.

Graph and download economic data for Private Credit by Deposit Money Banks to GDP for United States (DDDI01USA156NWDB) from 1960 to 2020 about credits, banks, private, depository institutions, GDP, and USA.

In 2024, companies receiving private credit in the United States contributed to the country's gross domestic product (GDP) with *** billion U.S. dollars and generated ******* jobs translating in ** billion U.S. dollars of wage and benefits. *****************, and ******** were the states with the highest employment figures, wages, and GPD related to companies receiving private credit.