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Chart of US Government Debt

US Government Debt

In September 2020 the US federal debt was over $27 trillion, and could reach 118% of GDP by 2030.

In April 2020, the US Congressional Budget Office (CBO), incorporating the effects of the COVID-19 pandemic, posted updated projections that the federal budget deficit for 2020 will total $3.7 trillion—17.9% of GDP. This is a $2.6 trillion increase compared to the March 2020 projection of $1.1 trillion—4.9 % of GDP. The CBO notes that these projections are uncertain, and will change as the pandemic unfolds.

Further projections estimate that the deficit will average a $1.6 trillion increase per year from 2021 through 2030.

In nominal dollars, it is estimated that the debt will grow from nearly $22 trillion in 2020 to over $133 trillion by 2051—202% of GDP.

2005 version of this chart


Congressional Budget Office;
Committee for a Responsible Federal Budget;;
US Office of Management and Budget:
Public Debt:

Tags: economics, national debt of the united states, government debt, historical us government debt, us federal deficit, us government debt, development

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