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According to the OECD, general government gross debt (federal, state, and local) in the United States in the fourth quarter of 2015 was $22.5 trillion (125% of GDP); subtracting out $5.25 trillion for intragovernmental federal debt to count only federal "debt held by the public" gives 96% of GDP.
At the end of the 1st quarter of 2021, the United States public debt-to-GDP ratio was 127.5%. [4] Two-thirds of US public debt is owned by US citizens, banks, corporations, and the Federal Reserve Bank; [5] approximately one-third of US public debt is held by foreign countries – particularly China and Japan. In comparison, less than 5% of ...
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
Global public debt is expected to exceed 100% of global GDP by 2029. Aging populations, rising health care costs and higher defense spending in major countries like the U.S., China, Brazil and ...
US debt problems will be felt in the coming years, Jeffrey Gundlach wrote for The Economist. ... Publicly held debt is projected to reach 122.4% of GDP by 2034, up from 97.3% last year.
The national debt is currently almost the same size as the entire U.S. economy, which is roughly $27.3 trillion, according to a Council on Foreign Relations report, and is on track to double ...
In 1946, the total US debt-to-GDP ratio was 150%, with two-thirds of that held by the federal government. Since 1946, the federal government's debt-to-GDP ratio has since fallen by nearly half, to 54.8% of GDP in 2009. The debt-to-GDP ratio of the financial sector, by contrast, has increased from 1.35% in 1946 to 109.5% of GDP in 2009.
Intragovernmental debt accounts for about $6.8 trillion of the national debt, the CRFB reported in September when the debt crossed the $33 trillion mark. The much bigger piece of the debt is held ...