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 statistic shows the national debt of the United States from 2019 to 2022 in relation to the gross domestic product (GDP), with projections up until 2029. In 2022, the national debt of the United States was at around 120.03 percent of the gross domestic product. See the US GDP for further information. US finances There has been a dramatic increase in the public debt of the United States since 1990, although the month-to-month change has been quite stable over the last few months. Public debt is defined as the amount of money borrowed by a country to cover budget deficits. A ranking of individual state debt in the United States shows that California is leading by a clear margin, with more than double the amount of runner-up New York. Vermont, North Dakota and South Dakota are the states with the lowest amount of debt. Even before the recession of 2008, the national debt of the United States had been increasing steadily and excessively, and it is predicted to rise even further. Budget cuts and fewer job opportunities as a result of the crisis are taking their toll on the American economy, which is still recovering. Trade figures as well as unemployment are still below average. Subsequently, the national debt and the national debt of the United States per capita have more or less quadrupled since the 1990s. Interestingly, the United States is not even among the top ten of countries with the highest public debt in relation to gross domestic product in international comparison. Japan, Greece and Italy – among others – report far higher figures than the United States.

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.

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

In 2024, the national debt of India amounted to around 3.16 trillion U.S. dollars. Projections show an upward trend, with a significant increase each year. Honor thy national debtNational debt, also called government debt or public debt, is money owed by the federal government. It can be divided into internal debt, (which is owed to lenders in the country) and external debt (which is owed to foreign lenders). National debt is created and increased by using government bonds, for example, or by borrowing money from other nations due to financial struggles (well-known case in point: Greece). A quite complex issue, national debt is expected to be paid back in accordance with certain regulations overseen by the Bank for International Settlements (BIS), a financial organization owned by central banks. India’s debt is rising, but so is its economic growthIndia’s liabilities have increased significantly, and forecasts show no end in sight. While India is a fast-growing economy and considered one of the main emerging economies, the so-called BRIC countries, India has been investing and borrowing money from commercial banks as well as several non-banking finance companies, and its national debt today makes up almost 70 percent of its GDP. Luckily, even though the national debt is forecast to increase, this share of GDP is predicted to decrease, as is the trade deficit in the long run, despite a significant jump back into the red in 2017.

Key information about United States Government Debt: % of GDP

• United States Government debt accounted for 124.0 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 123.1 % in the previous quarter.
• US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Dec 2024.
• The data reached an all-time high of 130.4 % in Mar 2021 and a record low of 31.8 % in Sep 1974.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bureau of the Fiscal Service provides Government Debt in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Government Debt covers Central Government only.


Related information about United States Government Debt: % of GDP

• In the latest reports, US National Government Debt reached 36,220.2 USD bn in Jan 2025.
• The country's Nominal GDP reached 6,632.4 USD bn in Mar 2023.

Graph and download economic data for Life Insurance Companies, Separate Accounts; Debt Securities; Asset, Transactions (BOGZ1FU544022085Q) from Q4 1946 to Q1 2025 about separations, life, transactions, insurance, debt, securities, assets, and USA.

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.

In the last quarter of 2023, the debt to equity ratio in the United States amounted to 84.24 percent. Debt to equity ratio explained The debt to equity financial ratio indicates the relationship between shareholders' equity and debt used to finance the assets of a company. In order to make the calculation the data of the two required components are taken from the firm’s balance sheet. If the company is a publicly traded company then it is possible to make the calculation by taking the market value for both.The composition of debt and equity of an enterprise is much debated as is the influence that it is able to exert on the value of the firm. Nevertheless, it is important in helping investors such as banks to identify companies that are highly leveraged and therefore pose a higher risk. It is best explained by taking the example of an entrepreneur wishing to expand their operation and going to the bank for a loan. If this small business owner had total assets amounting to 120,000 U.S. dollars and liabilities (mostly loans) amounting to 100,000 U.S. dollars the bank to which the request is being made would first have to deduce the business owner’s equity; 20,000 dollars (total assets minus liabilities). With this figure the bank would proceed to divide total liabilities by equity, which gives the ratio of 500 percent. In other terms, this means that for every one dollar of equity the small business owner has 5 dollars of debt. He is highly leveraged and therefore represents high risk to the bank.

The dataset shows the breakdown of local/international debt from the total debt portfolio, the current international debt has limited risks with fluctuations in foreign exchange rates as it includes a minimal amount of Euro denominated debt

Graph and download economic data for Life Insurance Companies, Separate Accounts; Debt Securities; Asset, Revaluation (BOGZ1FR544022085A) from 1946 to 2024 about separations, revaluation, life, insurance, debt, securities, assets, and USA.

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

This table represents the breakdown of total public debt outstanding as it relates to the statutory debt limit. All figures are rounded to the nearest million.

This table represents the issues and redemption of marketable and nonmarketable securities. All figures are rounded to the nearest million.

This project contains a city-level panel dataset of city revenue, expenses, and debt between the years 1924 and 1938, annually, derived from state archival records and the U.S. Census Bureau. All variables have been aggregated to the smallest comparable category – that is, if one state only reports “total taxes” while another splits taxes into different types, total taxes from the first and the sum from the second are reported here. Please get in touch with the principal investigator if you would like the disaggregated data (especially for Massachusetts and New York). Sample sizes vary from 519 to 819 cities per year.

Amount of debt outstanding as of June 30 of each year. SOURCES: IBO; New York City Comprehensive Annual Financial Report of the Comptroller (various years); Annual Report of the Comptroller on Capital Debt and Obligations (various years); New York City Municipal Water Finance Authority Comprehensive Annual Financial Reports (various years) NOTES: 1In determining what to include as outstanding debt of the City of New York, IBO considered: (1) the city's obligation (contractual and moral) to repay the debt, (2) whether the revenues pledged toward the repayment of the debt would have otherwise accrued to the city, and (3) whether the proceeds of the debt issuance accrue directly to the city. 2GO debt is net of bonds held for debt service on other city-related obligations, referred to in the Comptroller's Comprehensive Annual Financial Report (CAFR) as Treasury Obligations. The 2000–2002 CAFRs show outstanding general obligation debt, before Treasury Obligations, in 2000 and 2001 as $26,892 million and $26,836 million, respectively. However, CAFRs from 2003 on show higher GO debt for the two years, $353 million more for 2000 and $311 million more for 2001; the 2003 CAFR does not provide a note explaining the revisions. IBO uses the numbers reported from 2003 forward. 3Fiscal years 2000, 2002, and 2003 include short-term bond anticipation notes outstanding at year-end of $515 million, $2.2 billion, and $1.1 billion, respectively. 4For fiscal year 2000, Capital Lease Obligations to HHC and PCDC are reported jointly. 5In FY 2008, JSDC bonds outstanding were redeemed with GO bond proceeds, resulting in the elimination of JSDC debt, a reduction in conduit debt outstanding and partially accounting for the increase in GO debt from 2007 to 2008 General Obligation: General obligation bonds are backed by the full faith and credit of the city. City property tax collections are pledged first to pay the principal and interest on these bonds. Treasury Obligations: Treasury obligations are New York City bonds held as investments by the city or by the related entities covered here, including MAC and SFC. They are netted out in order to avoid double counting of the city's obligations. Transitional Finance Authority: Created in 1997, the Transitional Finance Authority (TFA) is a separate legal entity from the City of New York. TFA General Purpose Bonds are secured by the city's collections of personal income tax and, if necessary, sales tax. Recovery Bonds, issued in response to the events of September 11, 2001 differ from general purpose bonds in that they are excluded from the calculation of outstanding TFA debt allowed under the debt limit. TFA Building Aid Revenue Bonds: In fiscal year 2006, the city was authorized by the state Legislature to assign to the TFA all or any portion of the state building aid payable to the city or its school district. The TFA in turn is authorized to issue bonds secured by the aid and dedicated to financing a portion of the city's educational facilities capital plan. TSASC: TSASC Inc. (formerly known as the Tobacco Settlement Asset Securitization Corporation) is a separate legal entity from the City of New York. TSASC bonds are secured by the corporation's purchase from the city of the future revenue stream under a settlement agreement resolving cigarette smoking-related litigation between the settling states and participating manufacturers. Municipal Assistance Corporation for the City of New York: The Municipal Assistance Corporation (MAC) was a separate legal entity from the City of New York, created in 1975 and formally dissolved in 2008. With New York City experiencing a severe fiscal crisis in 1975, MAC allowed the city continued access to credit markets and assisted in the prevention of a default of city general obligation bonds. MAC bonds were secured by state collections of

United States Household Debt Service Ratio: sa: Consumer data was reported at 5.603 NA in Jun 2018. This records a decrease from the previous number of 5.611 NA for Mar 2018. United States Household Debt Service Ratio: sa: Consumer data is updated quarterly, averaging 5.681 NA from Mar 1980 (Median) to Jun 2018, with 154 observations. The data reached an all-time high of 6.712 NA in Dec 2001 and a record low of 4.649 NA in Jun 1993. United States Household Debt Service Ratio: sa: Consumer data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB005: Household Debt Service and Financial Obligations Ratios: Seasonally Adjusted. Household Debt Service Ratio: sa: Consumer (id: 301315204) is the total quarterly scheduled consumer debt payments divided by total quarterly disposable personal income.

This table contains data on government debt. The debt is divided into different debt securities. Of each debt instrument (type of financial instrument) the share of the various holders (money-givers) is indicated. The debt is presented in nominal value (the original amount of debt) and in market value (the value at which the debt can be traded in the relevant period). When determining the sovereign debt according to EMU definitions, the nominal value is used, in the National Accounts, the market value.

The data in this table have been consolidated, i.e. the elimination of flows between them. As a result, the debts of the subsectors do not add up to the total government debt. Debts of, for example, the empire to the social insurers are part of the government’s debts. For the debt of the total government, they do not count, after all, they are debts that the government has to the government.

The terms used are in line with the National Accounts. The National Accounts are based on the international definitions of the European System of Accounts (ESA 1995). To increase the accessibility of the table, in some cases more common descriptions are used instead of the terms from the National Accounts. The relevant National Accounts term is then mentioned in the notes. The data presented corresponds to the publications on the National Accounts and the EMU publications.

Data available from: Annual figures from 1990 to 2013, quarterly figures from 2005 to 2013.

Status of the figures: The figures in this table since 1990 are final. The most recent years have a (further) provisional character. As this table has been discontinued, the data will no longer be definitive.

Changes as of 25 June 2014: None, this table has been discontinued.

When are new figures coming? No longer applicable. This table is followed by Government; debt to debt securities and lender, nominal and market value. See paragraph 3.

Brazil Gross External Debt: Currency Distribution: United States Dollar data was reported at 264.174 USD bn in Mar 2019. This records an increase from the previous number of 254.643 USD bn for Dec 2018. Brazil Gross External Debt: Currency Distribution: United States Dollar data is updated quarterly, averaging 259.515 USD bn from Dec 2008 (Median) to Mar 2019, with 42 observations. The data reached an all-time high of 293.067 USD bn in Dec 2014 and a record low of 161.001 USD bn in Mar 2009. Brazil Gross External Debt: Currency Distribution: United States Dollar data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FD008: Gross External Debt: by Currency. The statistics of the external debt comprises the total received on a certain date, the contractual debts effectively disbursed and not yet settled, from residents with non-residents, where there is an obligation to pay principal and / or interest. It is considered short-term debt that one whose maturity is equal to or less than 360 days, and long-term debt the one that exceeds this limit. Starting in June 2001, the Central Bank of Brazil, aiming at the improvement of statistics on the Brazilian foreign debt, decided to separate the values related to inter-companies loans, which were classified as direct investment in the country, as well as the relative to the principal installments of foreign loans overdue more than 120 days. According to the Brazilian Central Bank, the external debt registered and unregistered started to be released as the total gross external debt following a concept in accordance with international standards. A estatística da dívida externa compreende o total apurado em determinada data, dos débitos contratuais efetivamente desembolsados e ainda não quitados, de residentes com não residentes, onde haja a obrigatoriedade de pagamento de principal e/ou juros. Considera-se dívida de curto prazo aquela cujo vencimento é igual ou inferior a 360 dias, e de longo prazo aquela que ultrapasse este limite. A partir de junho de 2001, o Banco Central do Brasil, objetivando o aperfeiçoamento das estatísticas sobre a dívida externa brasileira, decidiu separar do seu total os valores relacionados a empréstimos Inter companhias, que foram classificados como investimento direto no País, bem como os relativos a parcelas de principal de operações de crédito externo vencidas há mais de 120 dias. De acordo com o Banco Central do Brasil, a dívida externa registrada e não registrada começou a ser publicada como a dívida externa bruta total seguindo um conceito de acordo com as normas internacionais.

United States Household Debt Service Ratio: sa: Mortgage data was reported at 4.240 NA in Jun 2018. This records a decrease from the previous number of 4.253 NA for Mar 2018. United States Household Debt Service Ratio: sa: Mortgage data is updated quarterly, averaging 5.623 NA from Mar 1980 (Median) to Jun 2018, with 154 observations. The data reached an all-time high of 7.219 NA in Dec 2007 and a record low of 4.240 NA in Jun 2018. United States Household Debt Service Ratio: sa: Mortgage data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB005: Household Debt Service and Financial Obligations Ratios: Seasonally Adjusted. Household Debt Service Ratio: sa: Mortgage (id: 301315104) is the total quarterly required mortgage payments divided by total quarterly disposable personal income.