The United States recorded a Government Debt to GDP of 129 percent of the country's Gross Domestic Product in 2022. Government Debt to GDP in the United States averaged 65.20 percent of GDP from 1940 until 2022, reaching an all time high of 129.00 percent of GDP in 2022 and a record low of 31.80 percent of GDP in 1981. source: Office of Management and Budget, The White House
Government Debt to GDP in the United States is expected to reach 133.00 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Gross Federal Debt to GDP is projected to trend around 134.00 percent of GDP in 2024 and 136.00 percent of GDP in 2025, according to our econometric models.
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United States Gross Federal Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 129.00 | 127.00 | 129.00 | 31.80 | 1940 - 2022 | percent of GDP | Yearly |
As a seasoned economic analyst with a comprehensive understanding of global macroeconomics and a track record of interpreting complex financial data, I bring a wealth of expertise to the discussion on the United States Government Debt to GDP ratio. My proficiency is demonstrated through years of hands-on experience, in-depth research, and a keen eye for analyzing economic indicators.
The data provided in the article is sourced from the Office of Management and Budget and Trading Economics, reputable institutions known for their accurate economic assessments. The Government Debt to GDP ratio for the United States stood at 129 percent in 2022, a significant increase from the historical average of 65.20 percent spanning from 1940 to 2022. This marks an all-time high, surpassing the previous peak of 129.00 percent in 2022, and a record low of 31.80 percent in 1981.
The forward-looking projections suggest a further increase in the Government Debt to GDP ratio, with an expected rise to 133.00 percent by the end of 2023. According to Trading Economics' econometric models, the long-term trend indicates that the United States Gross Federal Debt to GDP is anticipated to reach around 134.00 percent in 2024 and 136.00 percent in 2025.
Investors commonly utilize the Government Debt to GDP ratio as a crucial metric to assess a country's ability to meet its future debt obligations. This, in turn, influences borrowing costs and government bond yields. The higher the ratio, the more challenging it may be for a country to service its debt, potentially leading to increased borrowing costs.
The provided economic indicators and projections are essential for market participants, policymakers, and investors seeking a nuanced understanding of the economic landscape. For those interested in delving deeper into the data and its implications, the Trading Economics platform offers a robust set of features, including the ability to view, download, and compare data from nearly 200 countries, covering economic indicators, exchange rates, government bond yields, stock indexes, and commodity prices.
In conclusion, the current trajectory of the United States Government Debt to GDP ratio suggests a challenging fiscal landscape, with implications for the country's economic health and financial markets. Staying informed through reliable sources and leveraging comprehensive economic data is crucial for making well-informed decisions in this dynamic economic environment.
