Public debt as a share of GDP rose 2.50% to 126% in the USA in 2024, according to the National Statistical Office.
Historically, public debt as a share of GDP in the USA reached an all time high of 135% in 2020 and an all time low of 53.1% in 2001. When compared to USA's main peers, public debt as a share of GDP in Canada amounted to 96.3%, 89.8% in China, 260% in Japan and 59.0% in Mexico in 2024.
USA has been ranked 8th within the group of 166 countries we follow in terms of public debt as a share of GDP, 4 places above the position seen 10 years ago.
| Public Debt (As % of GDP) | Unit | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Australia | % | 58.4% | 56.7% | 58.6% | 60.5% | 60.4% | ||||||||||||||||
| Belize | % | 82.2% | 76.3% | 73.1% | 71.6% | 70.4% | ||||||||||||||||
| Canada | % | 113% | 102% | 98.7% | 96.3% | 93.3% | ||||||||||||||||
| China | % | 71.5% | 76.9% | 84.1% | 89.8% | 94.8% | ||||||||||||||||
| Guatemala | % | 30.8% | 30.1% | 30.0% | 29.7% | 29.6% | ||||||||||||||||
| Honduras | % | 50.2% | 52.4% | 53.9% | 53.7% | 51.1% | ... | ... | ||||||||||||||
| India | % | 84.2% | 83.4% | 83.8% | 84.1% | 83.8% | ||||||||||||||||
| Japan | % | 262% | 264% | 261% | 260% | 261% | ||||||||||||||||
| Mexico | % | 57.6% | 56.8% | 58.7% | 59.0% | 59.3% | ||||||||||||||||
| Russia | % | 17.0% | 16.2% | 16.9% | 16.4% | 15.3% | ||||||||||||||||
| South Korea | % | 51.3% | 54.1% | 54.4% | 55.2% | 56.1% | ||||||||||||||||
| USA | % | 128% | 122% | 123% | 126% | 129% | ||||||||||||||||
| United Kingdom | % | 95.3% | 87.0% | 79.9% | 76.7% | 73.7% |
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