Federal Reserve Economic Data

Federal Debt: Total Public Debt as Percent of Gross Domestic Product (GFDEGDQ188S)

Q2 2022: 118.20207
Updated: Sep 25, 2025 7:58 AM CDT
Q2 2022:  118.20207  
Q1 2022:  120.39819  
Q4 2021:  119.35880  
Q3 2021:  118.54086  
Q2 2021:  121.78582  
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Units:

Percent of GDP,
Seasonally Adjusted

Frequency:

Quarterly

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Notes

Source: U.S. Office of Management and Budget  

Source: Federal Reserve Bank of St. Louis  

Release: Debt to Gross Domestic Product Ratios

Units:  Percent of GDP, Seasonally Adjusted

Frequency:  Quarterly

Notes:

Federal Debt: Total Public Debt as Percent of Gross Domestic Product (GFDEGDQ188S) was first constructed by the Federal Reserve Bank of St. Louis in October 2012. It is calculated using Federal Government Debt: Total Public Debt (GFDEBTN) and Gross Domestic Product, 1 Decimal (GDP):
GFDEGDQ188S = ((GFDEBTN/1000)/GDP)*100
GFDEBTN/1000 transforms GFDEBTN from millions of dollars to billions of dollars.

Suggested Citation:

U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis, Federal Debt: Total Public Debt as Percent of Gross Domestic Product [GFDEGDQ188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GFDEGDQ188S, .

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