Gross federal debt to GDP: United States

Latest value, 2025

123.3% of GDP

Source: OMB
Retrieved 2026-10-08

Definition

US gross federal debt outstanding at the end of the fiscal year as a percentage of fiscal-year GDP.

Includes debt held by the public and by federal government accounts. Covers the federal government, not consolidated general-government debt under the Maastricht definition. Since 1977, fiscal years end on September 30; earlier fiscal years ended on June 30. The separate 1976 transition quarter is excluded. Historical ratios can be revised.

Evolution

Value

Period	Value
2025	123.3
2024	121.7
2023	120.4
2022	120.6
2021	123.2
2020	126.1
2019	106.5
2018	105
2017	104.3
2016	104.8
2015	99.8
2014	102.1
2013	100.2
2012	99.6
2011	95.5
2010	90.9
2009	82.1
2008	67.5
2007	62.6
2006	62
2005	61.6
2004	61.1
2003	59.9
2002	57.2
2001	54.8
2000	55.6
1999	59.1
1998	61.3
1997	63.5
1996	65.2
1995	65.1
1994	64.7
1993	64.2
1992	62.4
1991	59.1
1990	54.4
1989	51.6
1988	50.6
1987	49.2
1986	46.8
1985	42.6
1984	39.6
1983	38.8
1982	34.3
1981	31.8
1980	32.6
1979	32.3
1978	34.2
1977	34.9
1976	35.2
1975	33.7
1974	32.6
1973	34.5
1972	35.8
1971	36.6
1970	36.4
1969	37.3
1968	41.1
1967	40.7
1966	42.1

How to cite

Office of Management and Budget (OMB). OMB Historical Tables, Table 7.1, FY2027 edition: gross federal debt at fiscal-year end as a percentage of fiscal-year GDP, actuals through 2025. https://www.whitehouse.gov/wp-content/uploads/2026/04/hist07z1_fy2027.xlsx. Retrieved 2026-10-08.

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