122.6%
2026 (thru Jan) (latest)
FEDERAL DEBT TO GDP
percent of GDP · 1966–2026 · lower is better · FRED GFDEGDQ188S
39.7%
1966
122.6%
high · 2026
30.9%
low · 1981
+83 pts
since 1966
┊ dashed lines mark 1979 Oil shock & inflation peak · 1987 Black Monday crash · 1991 Gulf War recession · 2001 Dot-com bust & 9/11 · 2008 Global financial crisis · 2020 COVID-19 pandemic
Method & caveats. Total public debt as percent of GDP, annual average of quarters.
Sources
Every value on this page is read from the publisher below. Current and historical source documents:
- https://fred.stlouisfed.org/series/GFDEGDQ188S
- https://github.com/danielmiessler/substrate/tree/main/Data/US-Long-Run-Indicators
Data
| Year | Federal Debt to GDP | Change |
|---|---|---|
| 2026 | 122.6% | +1.9 pts |
| 2025 | 120.7% | +0.3 pts |
| 2024 | 120.4% | +2.7 pts |
| 2023 | 117.7% | −0.7 pts |
| 2022 | 118.4% | −2.5 pts |
| 2021 | 120.9% | −1.4 pts |
| 2020 | 122.3% | +18 pts |
| 2019 | 104.4% | +0.6 pts |
| 2018 | 103.8% | +1.3 pts |
| 2017 | 102.5% | −1.5 pts |
| 2016 | 104.0% | +3.7 pts |
| 2015 | 100.3% | −0.8 pts |
| 2014 | 101.1% | +1.3 pts |
| 2013 | 99.8% | +1.4 pts |
| 2012 | 98.4% | +4.5 pts |
| 2011 | 93.9% | +4.9 pts |
| 2010 | 89.0% | +8.0 pts |
| 2009 | 81.0% | +14 pts |
| 2008 | 67.1% | +5.0 pts |
| 2007 | 62.1% | +0.6 pts |
| 2006 | 61.5% | +0.7 pts |
| 2005 | 60.8% | +0.7 pts |
| 2004 | 60.1% | +1.4 pts |
| 2003 | 58.7% | +2.1 pts |
| 2002 | 56.6% | +1.7 pts |
| 2001 | 54.9% | −0.7 pts |
| 2000 | 55.6% | −3.4 pts |
| 1999 | 59.0% | −2.3 pts |
| 1998 | 61.3% | −1.9 pts |
| 1997 | 63.2% | −1.3 pts |
| 1996 | 64.5% | −0.2 pts |
| 1995 | 64.7% | +0.5 pts |
| 1994 | 64.2% | +0.3 pts |
| 1993 | 63.9% | +2.2 pts |
| 1992 | 61.7% | +3.0 pts |
| 1991 | 58.7% | +5.1 pts |
| 1990 | 53.6% | +3.3 pts |
| 1989 | 50.3% | +1.0 pts |
| 1988 | 49.3% | +1.2 pts |
| 1987 | 48.1% | +2.3 pts |
| 1986 | 45.8% | +4.0 pts |
| 1985 | 41.8% | +3.4 pts |
| 1984 | 38.4% | +1.6 pts |
| 1983 | 36.8% | +3.3 pts |
| 1982 | 33.5% | +2.6 pts |
| 1981 | 30.9% | −0.4 pts |
| 1980 | 31.3% | +0.1 pts |
| 1979 | 31.2% | −1.2 pts |
| 1978 | 32.4% | −0.8 pts |
| 1977 | 33.2% | −0.3 pts |
| 1976 | 33.5% | +1.3 pts |
| 1975 | 32.2% | +1.1 pts |
| 1974 | 31.1% | −1.3 pts |
| 1973 | 32.4% | −1.5 pts |
| 1972 | 33.9% | −1.0 pts |
| 1971 | 34.9% | −0.3 pts |
| 1970 | 35.2% | −0.2 pts |
| 1969 | 35.4% | −2.0 pts |
| 1968 | 37.4% | −1.4 pts |
| 1967 | 38.8% | −0.9 pts |
| 1966 | 39.7% | — |
Also in Money & Debt