# General government core debt outstanding at market value in USD

Quarter-end consolidated gross core debt of general government at market value from all lender sectors, in USD billion, converted by the BIS at quarter-end exchange rates.

## Key facts

- General government core debt outstanding at market value in USD in the United States was $34.59 trillion in Q1 2026, according to the Bank for International Settlements.
- France had the highest general government core debt outstanding at market value in USD of 17 EU countries in Q1 2026, at $3.78 trillion, and Luxembourg the lowest, at $28.92 billion. 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_usd`
- Unit: USD billion
- 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-usd
- API: https://invokely.ai/api/v1/indicators/general_government_credit_usd

## Latest figures

| Place | Period | USD billion | Source |
|---|---|---:|---|
| United States | 2026-Q1 | 34,590.55 | Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: G.A.M.USD.A, quarterly, general government credit usd. 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.USD.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12. |

## Rankings

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