U.S. Debt to GDP Ratio 1989-2023

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 2020 was 126.39%, a 25.49% increase from 2019.
  • U.S. debt to gdp ratio for 2019 was 100.90%, a 1.75% increase from 2018.
  • U.S. debt to gdp ratio for 2018 was 99.15%, a 1.37% increase from 2017.
  • U.S. debt to gdp ratio for 2017 was 97.77%, a 0.73% decline from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Greece 252.29%
Japan 216.28%
United Kingdom 195.39%
Singapore 153.41%
Spain 141.22%
United States 126.39%
France 123.01%
Belgium 119.43%
Croatia 104.89%
Iceland 100.02%
Austria 99.91%
San Marino 98.35%
Hungary 96.11%
Bahamas 84.45%
Slovak Republic 77.36%
Canada 72.09%
Ireland 71.58%
Australia 69.41%
Uruguay 60.40%
Lithuania 53.28%
South Korea 46.43%
New Zealand 46.33%
Sweden 44.00%
Estonia 23.77%
Switzerland 20.91%
U.S. Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2020 126.39% 25.49%
2019 100.90% 1.75%
2018 99.15% 1.37%
2017 97.77% -0.73%
2016 98.50% 2.08%
2015 96.43% 0.66%
2014 95.77% 0.23%
2013 95.53% 1.89%
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%