National Debt, Deficits, Interest & Money Supply · U.S. Office of Management and Budget & St. Louis Fed

U.S. Federal Debt-to-GDP Ratio by Year (1966-2025)

Name: U.S. Federal Debt-to-GDP Ratio by Year (1966-2025)
Creator: U.S. Office of Management and Budget & St. Louis Fed

The debt-to-GDP ratio compares the stock of federal government debt against annual U.S. economic output, measuring sovereign fiscal leverage. In 2025, debt-to-gdp ratio recorded 120.7% of GDP, compared with 120.4 in 2024. Across the 60-year archive (1966-2025), readings have ranged between 30.9 (1981) and 122.3 (2020).

Series Summary Ledger

2025 Reading120.7
2024 Reading120.4
All-Time High (2020)122.3
All-Time Low (1981)30.9
Reporting Unit% of GDP
Series CodeGFDEGDQ188S

U.S. Office of Management and Budget & St. Louis Fed · 1966-2025

U.S. Federal Debt-to-GDP Ratio by Year (1966-2025)

2025 Reading: 120.7 % of GDP

Loading historical series...

Source: U.S. Office of Management and Budget & St. Louis Fed (GFDEGDQ188S) Range: 30.9 (1981) to 122.3 (2020)

DECADE BENCHMARKS (1950s-2020s)

Debt-to-GDP Ratio by Decade

Decade	Mean	Min	Max
1960s	37.8	35.4	39.7
1970s	33.0	31.1	35.2
1980s	40.6	30.9	50.3
1990s	61.5	53.6	64.7
2000s	61.9	54.9	81.0
2010s	99.7	89.0	104.4
2020s	120.1	117.7	122.3

Debt-to-GDP Ratio Year-by-Year Historical Table (1966-2025)

Source: U.S. Office of Management and Budget & St. Louis Fed (GFDEGDQ188S)

Year	Debt-to-GDP Ratio (% of GDP)	Annual Change	Total Federal Debt ($ Trillions)
2025	120.7	+0.3	38.51
2024	120.4	+2.7	36.22
2023	117.7	-0.7	34.00
2022	118.4	-2.6	31.42
2021	120.9	-1.4	29.62
2020	122.3	+17.9	27.75
2019	104.4	+0.6	23.20
2018	103.8	+1.3	21.97
2017	102.5	-1.4	20.49
2016	104.0	+3.7	19.98
2015	100.3	-0.8	18.92
2014	101.1	+1.3	18.14
2013	99.8	+1.5	17.16
2012	98.4	+4.4	16.43
2011	93.9	+5.0	15.22
2010	89.0	+8.0	14.03
2009	81.0	+13.8	12.31
2008	67.1	+5.0	10.70
2007	62.1	+0.6	9.23
2006	61.5	+0.7	8.68
2005	60.8	+0.7	8.17
2004	60.1	+1.4	7.60
2003	58.7	+2.1	7.00
2002	56.6	+1.7	6.41
2001	54.9	-0.7	5.94
2000	55.6	-3.4	5.66
1999	59.0	-2.3	5.78
1998	61.3	-1.8	5.61
1997	63.2	-1.3	5.50
1996	64.5	-0.2	5.32
1995	64.7	+0.5	4.99
1994	64.2	+0.3	4.80
1993	63.9	+2.1	4.54
1992	61.7	+3.0	4.18
1991	58.7	+5.1	3.80
1990	53.6	+3.3	3.36
1989	50.3	+1.0	2.95
1988	49.3	+1.2	2.68
1987	48.1	+2.3	2.43
1986	45.8	+4.0	2.21
1985	41.8	+3.3	1.95
1984	38.4	+1.6	1.66
1983	36.8	+3.3	1.41
1982	33.5	+2.6	1.20
1981	30.9	-0.4	1.03
1980	31.3	+0.2	0.93
1979	31.2	-1.3	0.85
1978	32.4	-0.7	0.79
1977	33.2	-0.3	0.72
1976	33.5	+1.2	0.65
1975	32.2	+1.1	0.58
1974	31.1	-1.3	0.49
1973	32.4	-1.6	0.47
1972	33.9	-0.9	0.45
1971	34.9	-0.3	0.42
1970	35.2	-0.2	0.39
1969	35.4	-2.0	0.37
1968	37.4	-1.4	0.36
1967	38.8	-0.9	0.34
1966	39.7	-	0.33

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U.S. Federal Debt-to-GDP Ratio vs. Real GDP Growth (1966-2025) →