Federal Reserve Economic Data

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

Q2 2025: 118.78171
Updated: Sep 25, 2025 7:58 AM CDT
Q2 2025:  118.78171  
Q1 2025:  120.54515  
Q4 2024:  121.43633  
Q3 2024:  120.17172  
Q2 2024:  119.50314  
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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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