Gross public sector debt as a share of gross domestic product in United States of America
United States of America: Gross public sector debt as a share of gross domestic product was 108.6% in 2024. ▲ Rising
Gross public sector debt as a share of gross domestic product in United States of America, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
United States of America recorded 108.6% for gross public sector debt as a share of gross domestic product in 2024.
The figure is up 1.8% on the previous year and up 31.6% over ten years.
Over the whole period, gross public sector debt as a share of gross domestic product in United States of America peaked at 111.0% in 2020 and was at its lowest, 39.5%, in 2001.
United States of America ranks 3rd of 49 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Gross public sector debt as a share of gross domestic product in United States of America, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 40.3% | — |
| 2001 | 39.5% | -1.8% |
| 2002 | 40.9% | +3.4% |
| 2003 | 42.7% | +4.4% |
| 2004 | 43.3% | +1.5% |
| 2005 | 43.2% | -0.4% |
| 2006 | 42.3% | -1.9% |
| 2007 | 42.3% | -0.1% |
| 2008 | 50.3% | +18.8% |
| 2009 | 62.0% | +23.4% |
| 2010 | 70.6% | +13.8% |
| 2011 | 75.4% | +6.8% |
| 2012 | 79.7% | +5.6% |
| 2013 | 81.8% | +2.7% |
| 2014 | 82.6% | +1.0% |
| 2015 | 83.4% | +1.0% |
| 2016 | 85.7% | +2.7% |
| 2017 | 85.2% | -0.5% |
| 2018 | 87.0% | +2.1% |
| 2019 | 88.8% | +2.2% |
| 2020 | 111.0% | +24.9% |
| 2021 | 107.5% | -3.1% |
| 2022 | 103.8% | -3.5% |
| 2023 | 106.7% | +2.8% |
| 2024 | 108.6% | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 44.7% | 39.5% | 62.0% | 10 |
| 2010s | 82.0% | 70.6% | 88.8% | 10 |
| 2020s | 107.5% | 103.8% | 111.0% | 5 |
Countries ranked near United States of America
More economy & growth data for United States of America
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 4.62 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.1097 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 9,457 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 3.64 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.0894 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 7,704 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 5.21 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2135 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross public sector debt as a share of gross domestic product in United States of America?
- Gross public sector debt as a share of gross domestic product in United States of America was 108.6% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest gross public sector debt as a share of gross domestic product recorded in United States of America?
- The highest recorded value was 111.0% in 2020.
- What is the lowest gross public sector debt as a share of gross domestic product recorded in United States of America?
- The lowest recorded value was 39.5% in 2001.
- How does United States of America rank for gross public sector debt as a share of gross domestic product?
- United States of America ranks 3rd out of 49 countries with data for 2024.
- Is gross public sector debt as a share of gross domestic product rising or falling in United States of America?
- Over the last ten years it is up 31.6%. The long-run trend across the full record is rising.
- Where does this United States of America data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Gross public sector debt as a share of gross domestic product. Statizoid updates them automatically from the source API.
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About this data
Gross public sector debt, Central Government, as a proportion of GDP (%).