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.

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.

In September 2024, the national debt of the United States had risen up to 35.46 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.

Context

The World Bank is an international financial institution that provides loans to countries of the world for capital projects. The World Bank's stated goal is the reduction of poverty. Source: https://en.wikipedia.org/wiki/World_Bank

Content

This dataset contains both national and regional debt statistics captured by over 200 economic indicators. Time series data is available for those indicators from 1970 to 2015 for reporting countries.

For more information, see the World Bank website.

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Acknowledgements

https://bigquery.cloud.google.com/dataset/bigquery-public-data:world_bank_intl_debt

https://cloud.google.com/bigquery/public-data/world-bank-international-debt

Citation: The World Bank: International Debt Statistics

Dataset Source: World Bank. This dataset is publicly available for anyone to use under the following terms provided by the Dataset Source - http://www.data.gov/privacy-policy#data_policy - and is provided "AS IS" without any warranty, express or implied, from Google. Google disclaims all liability for any damages, direct or indirect, resulting from the use of the dataset.

Banner Photo by @till_indeman from Unplash.

Inspiration

What countries have the largest outstanding debt?

https://cloud.google.com/bigquery/images/outstanding-debt.png" alt="enter image description here"> https://cloud.google.com/bigquery/images/outstanding-debt.png

External Debt in the United States increased to 28097015 USD Million in the first quarter of 2025 from 27629576 USD Million in the fourth quarter of 2024. This dataset provides - United States Net International Investment Position - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about US External Debt

• United States External Debt reached 25,798.1 USD bn in Sep 2024, compared with 26,895.8 USD bn in the previous quarter.
• US External Debt: USD mn data is updated quarterly, available from Jun 2003 to Sep 2024.
• The data reached an all-time high of 26,895.8 USD bn in Jun 2024 and a record low of 6,570.2 USD bn in Jun 2003.

The US Department of Treasury provides External Debt in USD based on BPM6. External Debt prior to Q3 2014 is based on BPM5.


Related information about US External Debt

• In the latest reports of US, Current Account recorded a deficit of 310.9 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 96.6 USD bn in Sep 2024.
• US Direct Investment Abroad expanded by 96.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 637.6 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 6,632.4 USD bn in Mar 2023.

Graph and download economic data for Federal Debt Held by Foreign and International Investors as Percent of Gross Domestic Product (HBFIGDQ188S) from Q1 1970 to Q2 2025 about foreign, debt, federal, GDP, and USA.

Key information about United States Household Debt

• United States Household Debt reached 18,036.0 USD bn in Dec 2024, compared with the reported number of 17,943.0 USD bn in the previous quarter
• US Household Debt: USD mn data is updated quarterly, available from Mar 1999 to Dec 2024
• The data reached an all-time high of 18,036.0 USD bn in Dec 2024 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 61.7 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in United States increased 21,533.8 USD bn YoY in Dec 2024
• United States Foreign Exchange Reserves was measured at 34.9 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Dec 2024
• United States Domestic Credit reached 30,648.3 USD bn in Mar 2024, representing an drop of 0.3 % YoY

Key information about United States External Debt: % of GDP

• United States External Debt accounted for 93.7 % of the country's Nominal GDP in 2023, compared with the ratio of 94.4 % in the previous year.
• US External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2023.
• The data reached an all-time high of 100.0 % in Dec 2020 and a record low of 60.6 % in Dec 2003.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The U.S. Department of the Treasury provides External Debt in USD based on BPM6. The Bureau of Economic Analysis provides Nominal GDP in USD. External Debt prior to 2014 is based on BPM5.


Related information about United States External Debt: % of GDP

• In the latest reports of US, Current Account recorded a deficit of 266.8 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 93.6 USD bn in Jun 2024.
• US Direct Investment Abroad expanded by 56.2 USD bn in Jun 2024.
• Its Foreign Portfolio Investment increased by 258.7 USD bn in Jun 2024.
• The country's External Debt reached 26,467,035.0 in Mar 2024.
• The country's Nominal GDP was reported at 6,632.4 USD bn in Mar 2023.

Key information about United States External Debt: Short Term

• United States External Debt: Short Term value stood at 8,657.9 USD bn in Sep 2024, compared with 8,495.7 USD bn in the previous quarter.
• US External Debt: Short Term data is updated quarterly, available from Jun 2003 to Sep 2024.
• The data reached an all-time high of 8,657.9 USD bn in Sep 2024 and a record low of 2,718.8 USD bn in Jun 2003.

CEIC calculates quarterly Short Term External Debt as the sum of quarterly Short Term External Debt breakdowns for General Government, Central Bank, Deposit Taking Corporations and Other Sectors. The U.S. Department of the Treasury provides Short Term External Debt in USD based on BPM6. Short Term External Debt prior to Q3 2014 is based on BPM5.


Related information about United States External Debt: Short Term

• In the latest reports of US, Current Account recorded a deficit of 310.9 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 96.6 USD bn in Sep 2024.
• US Direct Investment Abroad expanded by 96.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 637.6 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 6,632.4 USD bn in Mar 2023.

Key information about United States External Debt: Short Term: % of GDP

• United States External Debt: Short Term accounted for 29.6 % of the country's Nominal GDP in 2023, compared with the ratio of 30.9 % in the previous year.
• US External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2003 to 2023.
• The data reached an all-time high of 39.4 % in 2007 and a record low of 25.0 % in 2003.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and annual Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for General Government, Central Bank, Deposit Taking Corporations and Other Sectors. The U.S. Department of the Treasury provides Short Term External Debt in USD based on BPM6. The Bureau of Economic Analysis provides Nominal GDP in USD. Short Term External Debt prior to 2014 is based on BPM5.


Related information about United States External Debt: Short Term: % of GDP

• In the latest reports of US, Current Account recorded a deficit of 266.8 USD bn in Jun 2024.
• Foreign Direct Investment (FDI) increased by 93.6 USD bn in Jun 2024.
• US Direct Investment Abroad expanded by 56.2 USD bn in Jun 2024.
• Its Foreign Portfolio Investment increased by 258.7 USD bn in Jun 2024.
• US External Debt: Short Term value stood at 8,342.4 USD bn in Dec 2023.
• The country's Nominal GDP was reported at 6,632.4 USD bn in Mar 2023.

This dataset provides values for HOUSEHOLDS DEBT TO INCOME reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

External Debt in Mexico increased to 623302.60 USD Million in the first quarter of 2025 from 592728.30 USD Million in the fourth quarter of 2024. This dataset provides - Mexico External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

United States US: General Government: Net Debt: % of GDP data was reported at 83.669 % in 2023. This records an increase from the previous number of 82.141 % for 2022. United States US: General Government: Net Debt: % of GDP data is updated yearly, averaging 77.701 % from Dec 2001 (Median) to 2023, with 23 observations. The data reached an all-time high of 83.669 % in 2023 and a record low of 33.899 % in 2001. United States US: General Government: Net Debt: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.FM: Government Finance Statistics.

United States Total State & Local Government: Debt Outstanding: Short Term data was reported at 35,187,874.000 USD th in 2015. This records an increase from the previous number of 34,245,302.000 USD th for 2014. United States Total State & Local Government: Debt Outstanding: Short Term data is updated yearly, averaging 15,912,651.000 USD th from Jun 1902 (Median) to 2015, with 73 observations. The data reached an all-time high of 45,742,933.000 USD th in 2008 and a record low of 100,000.000 USD th in 1902. United States Total State & Local Government: Debt Outstanding: Short Term data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.F008: Debt Outstanding: State and Local Government: By State.

United States Gross Federal Debt: Held by the Public: as % of GDP data was reported at 97.200 % in 2023. This records an increase from the previous number of 95.800 % for 2022. United States Gross Federal Debt: Held by the Public: as % of GDP data is updated yearly, averaging 43.600 % from Sep 1940 (Median) to 2023, with 84 observations. The data reached an all-time high of 106.100 % in 1946 and a record low of 23.200 % in 1974. United States Gross Federal Debt: Held by the Public: as % of GDP data remains active status in CEIC and is reported by Office of Management and Budget. The data is categorized under Global Database’s United States – Table US.F072: Federal Debt: Annual.

United States Total State & Local Government: Debt Outstanding data was reported at 2,997,765,483.000 USD th in 2015. This records an increase from the previous number of 2,974,441,429.000 USD th for 2014. United States Total State & Local Government: Debt Outstanding data is updated yearly, averaging 259,658,248.000 USD th from Jun 1902 (Median) to 2015, with 77 observations. The data reached an all-time high of 2,997,765,483.000 USD th in 2015 and a record low of 2,107,000.000 USD th in 1902. United States Total State & Local Government: Debt Outstanding data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.F008: Debt Outstanding: State and Local Government: By State.

Key information about United States National Government Debt

• United States National Government Debt reached 36,218.9 USD bn in Feb 2025, compared with 36,220.2 USD bn in the previous month.
• US National Government Debt data is updated monthly, available from Jan 1969 to Feb 2025.
• The data reached an all-time high of 36,220.2 USD bn in Jan 2025 and a record low of 353.7 USD bn in Jun 1969.

The Bureau of the Fiscal Service provides monthly Government Debt in USD. Government Debt covers Central Government only.


Related information about United States National Government Debt

• In the latest reports, US Consolidated Fiscal Balance recorded a deficit equal to 7.0 % of its Nominal GDP in Dec 2024.
• The country's Government debt accounted for 124.0 % of its Nominal GDP in Dec 2024.
• US Nominal GDP reached 6,632.4 USD bn in Mar 2023.

United States PS: Public Debt Outstanding: Total data was reported at 36,216.429 USD bn in 15 May 2025. This records an increase from the previous number of 36,212.261 USD bn for 14 May 2025. United States PS: Public Debt Outstanding: Total data is updated daily, averaging 20,629.735 USD bn from Oct 2005 (Median) to 15 May 2025, with 4929 observations. The data reached an all-time high of 36,222.989 USD bn in 20 Feb 2025 and a record low of 13,719.548 USD bn in 10 Nov 2010. United States PS: Public Debt Outstanding: Total data remains active status in CEIC and is reported by Bureau of the Fiscal Service. The data is categorized under Global Database’s United States – Table US.F: Public Debt Transactions.