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.

During the Great Recession of 2008-2009, the advanced economies of the G7 experienced a period of acute financial crises, downturns in the non-financial economy, and political instability. The governments of these countries in many cases stepped in to backstop their financial sectors and to try to stimulate their economies. The scale of these interventions was large by historical standards, with observers making comparisons to the measures of the New Deal which the U.S. undertook in the 1930s to end the Great Depression.

The bailouts of financial institutions and stimulus packages caused the government debt ratios of the United States, United Kingdom, and Japan in particular to rise sharply. The UK's government debt ratio almost doubled due to the bailouts of Northern Rock and Royal Bank of Scotland. On the other hand, the increases in government debt in the Eurozone were more measured, due to the comparative absence of stimulus spending in these countries. They would later be hit hard during the Eurozone crisis of the 2010s, when bank lending to the periphery of the Eurozone (Portugal, Spain, Ireland and Greece in particular) would trigger a sovereign debt crisis. The Canadian government, led by a Conservative premier, engaged in some fiscal stimulus to support its economy, but these packages were small in comparison to that in most other of the G7 countries.

Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q4 2024 about public, debt, federal, government, and USA.

The United States recorded a Government Debt to GDP of 122.30 percent of the country's Gross Domestic Product in 2023. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The national debt in Mexico was forecast to continuously increase between 2024 and 2029 by in total 334.3 billion U.S. dollars (+33.68 percent). After the twenty-second consecutive increasing year, the national debt is estimated to reach 1.3 trillion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.As defined by the International Monetary Fund, 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.Find more statistics on other topics about Mexico with key insights such as the gross domestic product (GDP), annual change of the general government primary net lending, and the annual change in exports of trade goods and services.

The national debt in Jamaica was forecast to continuously increase between 2024 and 2029 by in total 0.9 billion U.S. dollars (+6.43 percent). After the fifth consecutive increasing year, the national debt is estimated to reach 14.93 billion U.S. dollars and therefore a new peak in 2029. According to the International Monetary Fund, 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.Find more statistics on other topics about Jamaica with key insights such as the gross domestic product (GDP), the annual change in the volume of imports of goods and services, and the gross domestic product (GDP) per capita.

The national debt in Brazil was forecast to continuously increase between 2024 and 2029 by in total 870.6 billion U.S. dollars (+48.79 percent). After the twenty-second consecutive increasing year, the national debt is estimated to reach 2.7 trillion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.The indicator describes the general government gross debt which 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.Find more statistics on other topics about Brazil with key insights such as the gross national savings, the general government net debt as share of the GDP, and the annual change in the volume of exports of goods and services.

The national debt in Belize was forecast to continuously increase between 2024 and 2029 by in total 0.2 billion U.S. dollars (+9.66 percent). After the seventh consecutive increasing year, the national debt is estimated to reach 2.26 billion U.S. dollars and therefore a new peak in 2029. The indicator describes the general government gross debt which 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.Find more key insights for the national debt in countries like Honduras, Guatemala, and Panama.

The national debt in Panama was forecast to continuously increase between 2024 and 2029 by in total 12.1 billion U.S. dollars (+25.35 percent). After the twenty-first consecutive increasing year, the national debt is estimated to reach 59.87 billion U.S. dollars and therefore a new peak in 2029. According to the International Monetary Fund, 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.Find more key insights for the national debt in countries like Guatemala, Honduras, and Costa Rica.

United States US: Gross Public Debt: USD: General Government: Currency and Deposits data was reported at 25.322 USD bn in Mar 2018. This stayed constant from the previous number of 25.322 USD bn for Dec 2017. United States US: Gross Public Debt: USD: General Government: Currency and Deposits data is updated quarterly, averaging 25.450 USD bn from Mar 1995 (Median) to Mar 2018, with 93 observations. The data reached an all-time high of 28.166 USD bn in Mar 2007 and a record low of 17.832 USD bn in Mar 1995. United States US: Gross Public Debt: USD: General Government: Currency and Deposits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: QPSD: Gross Public Debt: General Government.

The national debt in Argentina was forecast to continuously increase between 2024 and 2029 by in total 602.4 billion U.S. dollars (+104.78 percent). After the twenty-second consecutive increasing year, the national debt is estimated to reach 1.2 trillion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.The indicator describes the general government gross debt which 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.Find more key insights for the national debt in countries like Chile, Uruguay, and Paraguay.

Greece recorded a Government Debt to GDP of 161.90 percent of the country's Gross Domestic Product in 2023. This dataset provides the latest reported value for - Greece Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The national debt in Uruguay was forecast to continuously increase between 2024 and 2029 by in total 22.8 billion U.S. dollars (+44.82 percent). After the nineteenth consecutive increasing year, the national debt is estimated to reach 73.63 billion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.As defined by the International Monetary Fund, 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.Find more key insights for the national debt in countries like Chile, Argentina, and Paraguay.

The national debt in El Salvador was forecast to continuously increase between 2024 and 2029 by in total 8.9 billion U.S. dollars (+29.27 percent). After the twenty-second consecutive increasing year, the national debt is estimated to reach 39.32 billion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.As defined by the International Monetary Fund, 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.Find more key insights for the national debt in countries like Honduras, Belize, and Guatemala.

Jordan External Public Debt: Outstanding: Central Govt: Budgetary: IC: EC: ow United States data was reported at 6.000 JOD mn in Sep 2018. This stayed constant from the previous number of 6.000 JOD mn for Aug 2018. Jordan External Public Debt: Outstanding: Central Govt: Budgetary: IC: EC: ow United States data is updated monthly, averaging 23.000 JOD mn from Jan 2004 (Median) to Sep 2018, with 177 observations. The data reached an all-time high of 285.900 JOD mn in Nov 2007 and a record low of 6.000 JOD mn in Sep 2018. Jordan External Public Debt: Outstanding: Central Govt: Budgetary: IC: EC: ow United States data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Jordan – Table JO.JB010: External Public Debt: Central Government: Outstanding.

United States USF: Short Term: Debt: International Organizations data was reported at 14.821 USD bn in 2017. This records an increase from the previous number of 13.869 USD bn for 2016. United States USF: Short Term: Debt: International Organizations data is updated yearly, averaging 8.478 USD bn from Jun 2002 (Median) to 2017, with 15 observations. The data reached an all-time high of 14.821 USD bn in 2017 and a record low of 3.504 USD bn in 2007. United States USF: Short Term: Debt: International Organizations data remains active status in CEIC and is reported by US Department of Treasury. The data is categorized under Global Database’s USA – Table US.Z047: Foreign Residents' Portfolio Holdings of U.S. Securities.

Graph and download economic data for Federal Government: Current Expenditures (FGEXPND) from Q1 1947 to Q4 2024 about expenditures, federal, government, GDP, and USA.

Following the drastic increase directly after the COVID-19 pandemic, the delinquency rate started to gradually decline, falling to 3.37 percent in the second quarter of 2023. In the four quarters, the delinquency rate increased slightly, reaching 3.97 percent. That was significantly lower than the 8.22 percent during the onset of the COVID-19 pandemic in the second quarter of 2020 or the peak of 9.3 percent during the subprime mortgage crisis of 2007-2010. What does the mortgage delinquency rate tell us?The mortgage delinquency rate is the share of the total number of mortgaged home loans in the U.S. where payment is overdue by 30 days or more. Many borrowers are eventually able to service their loan, though, as indicated by the markedly lower foreclosure rates. Total home mortgage debt in the U.S. stood at almost 13 trillion U.S. dollars in 2023. Not all mortgage loans are made equal‘Subprime’ loans, being targeted at high-risk borrowers and generally coupled with higher interest rates to compensate for the risk. These loans have far higher delinquency rates than conventional loans. Defaulting on such loans was one of the triggers for the 2007-2010 financial crisis, with subprime delinquency rates reaching almost 26 percent around this time. These higher delinquency rates translate into higher foreclosure rates, which peaked at just under 15 percent of all subprime mortgages in 2011.

The national debt in Nicaragua was forecast to continuously increase between 2024 and 2029 by in total 3.2 billion U.S. dollars (+42.16 percent). After the twenty-second consecutive increasing year, the national debt is estimated to reach 10.83 billion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.As defined by the International Monetary Fund, 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.Find more key insights for the national debt in countries like Honduras, Costa Rica, and Belize.

The national debt in Peru was forecast to continuously increase between 2024 and 2029 by in total 25 billion U.S. dollars (+26.09 percent). After the seventeenth consecutive increasing year, the national debt is estimated to reach 120.82 billion U.S. dollars and therefore a new peak in 2029. According to the International Monetary Fund, 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.Find more statistics on other topics about Peru with key insights such as the unemployment rate, the gross domestic product (GDP), and the ratio of government expenditure to GDP.