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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 ...
Conversely, the debt to GDP ratio can increase even while debt is being reduced, if the decline in GDP is sufficient. According to the CIA World Factbook, during 2015, the U.S. debt to GDP ratio of 73.6% was the 39th highest in the world. This was measured using "debt held by the public."
[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.
The United States: A Growing Debt Mountain The U.S. accounts for the largest portion of the global debt at 34.6%. ... China's debt-to-GDP ratio stood at 90.1%. ... Global public debt is expected ...
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.
On the other hand, emerging markets held $105 trillion in debt, but their debt-to-GDP ratio hit a new high of 257%, pushing the overall ratio up for the first time in three years.
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.
By 2029, debt as percentage of GDP will exceed the prior record set just after World War II in 1946. CBO projects the federal budget deficit in fiscal year 2025 will be $1.9 trillion. That figure is