U.S. Debt to GDP Ratio 1989-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. 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.
  • U.S. debt to gdp ratio for 2022 was 110.39%, a 8.5% decline from 2021.
  • U.S. debt to gdp ratio for 2021 was 118.89%, a 5.84% decline from 2020.
  • U.S. debt to gdp ratio for 2020 was 124.73%, a 24.61% increase from 2019.
  • U.S. debt to gdp ratio for 2019 was 100.12%, a 1.67% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Japan 216.21%
Greece 203.29%
Singapore 157.36%
United Kingdom 142.28%
Italy 139.00%
Cyprus 125.92%
Portugal 119.40%
United States 110.39%
Spain 104.79%
France 98.66%
Belgium 94.04%
Iceland 87.52%
Bahamas 82.16%
Croatia 82.08%
Hungary 75.47%
Austria 75.05%
Latvia 73.87%
Slovenia 71.86%
Slovak Republic 64.51%
Finland 60.79%
Malta 59.11%
Australia 57.97%
Canada 56.09%
Netherlands 53.67%
South Korea 51.18%
Poland 50.15%
Czech Republic 46.82%
Ireland 46.71%
Germany 44.53%
Sweden 36.25%
Lithuania 36.05%
Norway 28.71%
Denmark 26.37%
Luxembourg 26.23%
Estonia 25.20%
Switzerland 18.15%
U.S. Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2022 110.39% -8.50%
2021 118.89% -5.84%
2020 124.73% 24.61%
2019 100.12% 1.67%
2018 98.45% 1.43%
2017 97.02% -0.91%
2016 97.93% 1.97%
2015 95.96% 0.50%
2014 95.45% 0.13%
2013 95.32% 1.67%
2012 93.65% 4.10%
2011 89.55% 4.58%
2010 84.96% 9.12%
2009 75.84% 12.03%
2008 63.82% 8.16%
2007 55.66% 0.19%
2006 55.47% -1.07%
2005 56.54% -0.12%
2004 56.66% 0.41%
2003 56.25% 2.39%
2002 53.86% 1.42%
2001 52.44% 19.18%
2000 33.27% -4.46%
1999 37.73% -3.40%
1998 41.13% -2.99%
1997 44.12% -2.62%
1996 46.74% -0.47%
1995 47.21% -0.14%
1994 47.35% -0.89%
1993 48.25% 2.20%
1992 46.05% 1.99%
1991 44.06% 3.13%
1990 40.93% 1.81%
1989 39.13% 1.81%