Federal Reserve Economic Data: Your trusted data source since 1991

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

Observation:

Q3 2023: 120.12742 (+ more)   Updated: Dec 21, 2023
Q3 2023:  120.12742  
Q2 2023:  119.47035  
Q1 2023:  117.32269  
Q4 2022:  118.97609  
Q3 2022:  118.98189  
View All

Units:

Percent of GDP,
Seasonally Adjusted

Frequency:

Quarterly

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, February 28, 2024.

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