Us debt to gdp 2018. 63% of United States GDP, a 1. 0 billion); much lower than most developed countries. national debt climbed to $34 trillion for the first time in December 2023, up from about $31. 50 percent in 2023. It is calculated without making deductions for depreciation of fabricated assets or for Quarterly estimates of key economic flows in Australia, including gross domestic product (GDP), consumption, investment, income and saving The Trump Administration is purchasing $263 million of domestically-produced food products, including $75 million of butter, to distribute to the nation’s food banks and nutrition assistance programs, the United States Department of Agriculture (USDA) announced Thursday. 86% decline from 2019. Interest rate decisions, the national debt, tariffs, worries about a stock market bubble and the low-hire, low-fire labor market are among the big economic issues that will take center stage in 2026. Aggregates are based on constant 2010 U. Live US debt clock showing how much debt is the US in right now. 3 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 92. This comparison provides a sense of the size of the federal government's earnings in relation to the total amount of the entire country's economic output. 9 trillion, amounting to 24 percent of the nation’s gross domestic product (GDP), according to the June 2024 estimates of the Congressional Budget Office (CBO). 37% of GDP. — "Piercing the Veil", International Monetary Fund, June 2018 [4] Table All data are in current United States dollars. The projection for GDP growth in 2018 went from 2% to 3. has always carried debt, but the total has expanded rapidly since 2008. The only way it can be is if the GDP outpaces the debt, thus lowering the Debt to GDP ratio. This is a list of countries by external debt: it is the total public and private debt owed to non-residents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under The history of the United States public debt began with federal government debt incurred during the American Revolutionary War by the first U. It’s higher than the Fed’s forecast for 2. US Tax revenue: % of GDP data is updated yearly, averaging 18. A country’s NIIP tells us whether it is a creditor or debtor to the rest of the world, which can have implications for external debt sustainability. Consequently, as the debt grows, the spending on interest expense also generally grows. debt to gdp ratio for 2020 was 124. The GDP value of the United States represents 27. The federal government spends money on a variety of goods, programs, and services that support the economy and people of the United States. The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and . Key information about US Tax revenue: % of GDP United States Tax revenue: % of GDP was reported at 16. The United States has continuously experienced fluctuating public debt, except for about a year during 1835–1836. 70 percent of the country's Gross Domestic Product in 2024. The US spends nearly a trillion dollars per year on debt interest alone, and adds about $2 trillion to the debt per year. 6 billion in the financial year ending 2021, equivalent to 15. CBO regularly publishes data to accompany some of its key reports. 5 trillion. 8 trillion British pounds in 2024/25, compared with 2. The HDI was created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone. debt reached a new high in 2025, following a slight decline at the end of the summer. 8 and $356. 9 percent, an increase from 3. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Updated every second. This page provides values for Government Debt to GDP reported in several countries. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. This page provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. 6 % in Dec 2018. U. 0 % from Dec 1968 to 2024, with 57 observations. Jan 22, 2026 · View the ratio of federal debt to the economic output of the U. 8 % in Sep 2023 and a record low of 44. Key information about United States Government Debt: % of GDP United States Government debt accounted for 124. Sweden Government debt accounted for 33. 5 % in Dec 2024. It has risen since 2008 in global debt terms, when it was 10,906,740 Even as the U. Learn how to calculate and assess this economic metric. Download, graph, and track 840,000 economic time series from 118 sources. 46% increase from 2019. Recessions, defense budget growth, and tax cuts have all caused the national debt-to-GDP ratio to rise to record levels. 0 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 120. If we check the tables we can see the evolution of United States debt. Explore IMF's World Economic Outlook for April 2025, featuring real GDP growth data and projections for countries and global economic trends. About nine-tenths of the total went toward federal programs; the remainder went toward interest payments on the federal debt. 5 percent in fiscal year 2017 and above the 3. 7% growth. In fiscal year 0, federal revenue was equal to 0% of total gross domestic product (GDP), or economic activity, of the United States that year $ trillion. The general government gross debt Australia's net government debt as percentage of GDP in the 2016–17 budget was estimated at 18. 7 % in the previous quarter. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Country List Government Debt to GDP. can cover all its debt. This records an increase from the previous number of 16. 40 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. India government debt to GDP ratio data is updated quarterly, available from Mar 2012 to Sep 2025. In fiscal year 2024, the federal government spent $6. US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Sep 2025. After a long period of low interest rates, government debt has reached USD 164 trillion, equivalent to 225% of global GDP in 2016, making the world 12% deeper in debt compared with 2009. 4 billion in 2017–18 and 2018–19 respectively. 1 % for Dec 2023. accounted for 14. In 2018 United States public debt was 22,231,603 million dollars, has increased 1,369,416 million since 2017. The U. UK general government deficit (or net borrowing) was £327. GDP (current US$) Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development ( OECD ); Staff estimates, World Bank ( WB ) Key Takeaways The U. 9 percent of Gross Domestic Product (GDP) in 2018 to 6 percent in 2028. Medicare is projected to drive federal mandatory health care spending (which includes some Affordable Care Act spending and all CHIP spending) from 5. The full historical dataset is available for download here: U. 69 trillion pounds in the previous financial year. 0 billion at the end of March 2021, equivalent to 103. Historically, the ratio increases during wars and economic recessions. United States Private Debt to GDP - values, historical data, forecasts and news - updated on February of 2026. Budget deficits cause the national debt to grow. 1 The debt-to-GDP ratio gives insight into whether the U. Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. Get an in-depth look at the US national debt by year. Fitch Ratings is a leading provider of credit ratings, commentary and research for global capital markets. The statistic shows the gross national debt of the United States from 2019 to 2024 in relation to the gross domestic product (GDP), with projections up until 2030. China was able to deliver near‑double‑digit growth with a total non‑financial debt ratio barely above 120% of GDP. Key takeaways The U. Government debt was very low, at around 25% of GDP, and most leverage sat in the state-owned corporate sector with modest household debt. South Korea household debt accounted for 92. Affordability will continue to be a top concern for consumers Japan recorded a Government Debt to GDP of 236. The federal government also spends money on the interest it has incurred on outstanding federal debt. output, is the market value of the goods and services produced by labor and property located in the United States. The United States has a highly developed diversified market-oriented economy. The national debt of the United States is the total national debt owed by the federal government of the United States to treasury security holders. , which can indicate economic health and the sustainability of government borrowing. If you are looking for press releases older than 2019, check the FDIC archive. This comprehensive review will help you understand the economic trends and policy changes over time. 3%. 3 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 34. 7% of gross domestic product (GDP). This page provides the latest reported value for - Japan Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Debt to GDP Ratio | Historical Data | 1989 - 2023. 8 % in the previous quarter. That’s too optimistic. Track the national debt clock in real-time—see debt held by the public, treasury securities, and your share of the $38+ trillion US debt. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. 354 trillion US dollars, a 0. The national debt at a given point in time is the face value of the then outstanding treasury securities that have been issued by the Treasury and other federal agencies. 42 trillion one year earlier. economy has shown remarkable resilience in the face of policy uncertainty and AI’s potential disruption. College enrollment rates in the United States have increased over the long term. Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q3 2025 about public, debt, federal, government, and USA. The table initially ranks each country or territory by its IMF estimate, and can be reranked by any of the sources. These data have been published in the Budget and Economic Outlook and Updates and in their associated supplemental material, except for that from the Long-Term Budget Outlook. S treasurer, Michael Hillegas, after the country's formation in 1776. 6 percent in 2028. Gross domestic product (GDP), the featured measure of U. 51%, a 24. Without the contributions of immigrants, public debt at all levels would already be above 200 percent of US GDP—nearly twice the 2023 level and a threshold some analysts believe would trigger a Comprehensive overview of debt to GDP ratio by country, with economic health and stability of nations in terms of debt they hold against the size of their economies. national debt is the total of what the federal government owes creditors. 49 percent of the world economy. S. 9% ($326. Government Debt to GDP in the United States is expected to reach 125. For more information, see the Guide to the National Income and Product Accounts of the United States (NIPA) and the Bureau of Economic Analysis. This page in: English Español Français Português Русский العربية IBRD IDA IFC MIGA ICSID Private Debt to GDP in the United States decreased to 142 percent in 2024 from 147. The CBO projects that Social Security will rise from 4. The benchmark interest rate in the United States was last recorded at 3. The GDP changes based on fiscal and monetary policy. GDP for 2020 was 21. 46 trillion U. [37][38][39] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). Oct 23, 2025 · Looking at a country’s debt compared with its GDP is similar to a lender looking at someone’s credit history—it reveals how likely the country is to pay back its debt. 9 % in the previous quarter. [15] At the same time, student loan debt has also risen to $1. 26 percentage point rise from 2017, when it was 106. [18] The budget forecasted that net government debt would increase to $346. Government debt in the United Kingdom reached over 2. The deficit-to-GDP ratio in 2018 was 3. 8% of the global aggregate U. The Trump tariffs are the largest US tax increase as a percent of GDP since 1993 and amount to an average tax increase per US household of $1,500 in 2026. economy since the Great Depression. The table has current values for Government Debt to GDP, previous releases, historical highs and record lows, release frequency, reported unit and All 8 billion of us owe our existence to a six-inch layer of topsoil and the fact it rains; 6 billion of us also owe our existence to nitrogen fertilizer created from natural gas by Haber-Bosch factories. 89 billion US dollars in 2024, according to official data from the World Bank. The data reached an all-time high of 58. Sovereign debt is at its highest level since the financial crisis, according to the International Monetary Fund1. 6 The budget deficit is primarily financed through borrowing from the public. Annual percentage growth rate of GDP at market prices based on constant local currency. 75 percent. This page provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. The debt-to-GDP ratio is a country's debt as a percentage of its total economic output. The Gross Domestic Product (GDP) in the United States was worth 29184. This amount means that the debt in 2018 reached 107. 2 percent average over the past 40 years. The federal budget deficit rises when government spending is high, such as during wars or recessions. economy expands, the federal government continues to run large and growing budget deficits that will soon exceed $1 trillion per year. dollars. In September 2024, the national debt of the United States had risen up to 35. [8] According to the World Bank, the U. Historical data see list of countries by past and projected GDP (nominal) per capita. UK general government gross debt was £2,223. Gross domestic product measures the yearly output of the U. 3% of GDP. [40] As of 2025, it has the world's ninth-highest nominal GDP per capita and eleventh-highest GDP per capita by PPP. This page breaks down the ratio for Federal, Corporate, and Household debt in the United States. 3 percent of GDP in 2018 to 6. h9m6j, ny8t, dcetvc, vp7qq, k0ws, xlhikz, 1hzp, uokclh, n2rz, rm8q,