# General government core debt at market value as a share of GDP

Quarter-end consolidated gross core debt of general government at market value from all lender sectors, divided by nominal GDP over the latest four quarters, in percent. Differs from the nominal valuation used for Maastricht debt.

## Key facts

- General government core debt at market value as a share of GDP in the United States was 110.8% of GDP in Q1 2026, according to the Bank for International Settlements.
- Greece had the highest general government core debt at market value as a share of GDP of 17 EU countries in Q1 2026, at 143.9% of GDP, and Denmark the lowest, at 25.1% of GDP. Source: the Bank for International Settlements.
- Published for 28 places, with figures from Q1 1970 to Q1 2026.
- Figures last updated on 2026-10-12.

- Indicator id: `general_government_credit_gdp`
- Unit: % of GDP
- Note: BIS core debt: loans and debt securities, plus currency and deposits for government. Includes domestic and foreign lenders. Households include non-profit institutions serving households; corporations include public and private non-financial corporations. Gross debt: financial assets are not deducted. Private sectors are unconsolidated; government is consolidated. Market valuation follows national sources; US private debt securities use face value. BIS break adjustments and some historical estimates are retained. Unlike World Bank domestic private credit, it excludes trade credit and covers all lender sectors. Not seasonally adjusted.
- Web page: https://invokely.ai/en/general-government-credit-gdp
- API: https://invokely.ai/api/v1/indicators/general_government_credit_gdp

## Latest figures

| Place | Period | % of GDP | Source |
|---|---|---:|---|
| United States | 2026-Q1 | 110.8 | Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: G.A.M.770.A, quarterly, general government credit gdp. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.G.A.M.770.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12. |

## Rankings

- [EU countries](https://invokely.ai/rankings/general-government-credit-gdp/eu-countries.md) (17 places)