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Basic Info

US Public Debt measures the total public debt in the United States divided by the total GDP in that same period. In a global context, as the percentage of debt increases compared to the GDP, the probability of defaulting increases, as the ability to pay back debt decreases. When comparing public debt of different economies, this measure allows to see how debt grows in real terms compared to the size of the underlying national economy. In other words, one can compare how an economy's use of debt contributes to growth in GDP. Historically, the US public debt as a percentage of GDP has steadily increased during the 2000s from a trough of 54.24% in 2000 Q4, to a peak of 105.3% in 2016 Q4.

US Public Debt is at 121.1%, compared to 122.9% last quarter and 123.8% last year. This is higher than the long term average of 60.71%.

Stats

Last Value 121.1%
Latest Period Jun 2022
Last Updated Oct 27 2022, 08:33 EDT
Long Term Average 60.71%
Average Growth Rate 2.07%
Value from Last Quarter 122.9%
Change from Last Quarter -1.47%
Value from 1 Year Ago 123.8%
Change from 1 Year Ago -2.20%
Frequency Quarterly
Unit Percent of GDP
Adjustment N/A
Notes Total US Public Debt divided by Gross Domestic Product.
Formula US Public Debt / US GDP * 0.01

Historical Data

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Date Value
June 30, 2022 121.1%
March 31, 2022 122.9%
December 31, 2021 121.6%
September 30, 2021 120.7%
June 30, 2021 123.8%
March 31, 2021 126.1%
December 31, 2020 127.8%
September 30, 2020 126.1%
June 30, 2020 134.8%
March 31, 2020 107.8%
December 31, 2019 106.9%
September 30, 2019 105.5%
June 30, 2019 103.5%
March 31, 2019 104.8%
December 31, 2018 105.5%
September 30, 2018 104.0%
June 30, 2018 103.5%
March 31, 2018 104.6%
December 31, 2017 103.0%
September 30, 2017 103.5%
June 30, 2017 102.8%
March 31, 2017 103.6%
December 31, 2016 105.3%
September 30, 2016 104.3%
June 30, 2016 104.1%
Date Value
March 31, 2016 104.6%
December 31, 2015 103.2%
September 30, 2015 99.15%
June 30, 2015 99.77%
March 31, 2015 100.9%
December 31, 2014 101.6%
September 30, 2014 100.5%
June 30, 2014 101.0%
March 31, 2014 102.7%
December 31, 2013 100.1%
September 30, 2013 98.98%
June 30, 2013 100.2%
March 31, 2013 100.9%
December 31, 2012 100.1%
September 30, 2012 98.45%
June 30, 2012 97.83%
March 31, 2012 97.12%
December 31, 2011 96.09%
September 30, 2011 94.52%
June 30, 2011 92.19%
March 31, 2011 92.96%
December 31, 2010 91.61%
September 30, 2010 89.57%
June 30, 2010 88.13%
March 31, 2010 86.51%

Basic Info

US Public Debt measures the total public debt in the United States divided by the total GDP in that same period. In a global context, as the percentage of debt increases compared to the GDP, the probability of defaulting increases, as the ability to pay back debt decreases. When comparing public debt of different economies, this measure allows to see how debt grows in real terms compared to the size of the underlying national economy. In other words, one can compare how an economy's use of debt contributes to growth in GDP. Historically, the US public debt as a percentage of GDP has steadily increased during the 2000s from a trough of 54.24% in 2000 Q4, to a peak of 105.3% in 2016 Q4.

US Public Debt is at 121.1%, compared to 122.9% last quarter and 123.8% last year. This is higher than the long term average of 60.71%.

Stats

Last Value 121.1%
Latest Period Jun 2022
Last Updated Oct 27 2022, 08:33 EDT
Long Term Average 60.71%
Average Growth Rate 2.07%
Value from Last Quarter 122.9%
Change from Last Quarter -1.47%
Value from 1 Year Ago 123.8%
Change from 1 Year Ago -2.20%
Frequency Quarterly
Unit Percent of GDP
Adjustment N/A
Notes Total US Public Debt divided by Gross Domestic Product.
Formula US Public Debt / US GDP * 0.01