Tuesday, November 2, 2021

 

US Debt to GDP History

End of Fiscal Year

Debt (in billions, rounded)

Debt-to-GDP Ratio

US Unemployment %

1929

$17

16%

3.2%

1930

$16

17%

8.7%

1931

$17

22%

15.9%

1932

$20

34%

23.6%

1933

$23

40%

24.9%

1934

$27

40%

21.7%

1935

$29

39%

20.1%

1936

$34

40%

16.9%

1937

$36

39%

14.3%

1938

$37

42%

19.0%

1939

$40

51%

17.2%

1940

$43

49%

14.6%

1941

$49

44%

9.9%

1942

$72

48%

4.7%

1943

$137

70%

1.9%

1944

$201

91%

1.2%

1945

$259

114%

1.9%

1946

$269

119%

3.9%

1947

$258

103%

3.6%

1948

$252

92%

4.0%

1949

$253

93%

6.6%

1950

$257

86%

4.3%

1951

$255

74%

3.1%

1952

$259

71%

2.7%

1953

$266

68%

4.5%

1954

$271

69%

5.0%

1955

$274

64%

4.2%

1956

$273

61%

4.2%

1957

$271

57%

5.2%

1958

$276

58%

6.2%

1959

$285

55%

5.3%

1960

$286

54%

6.6%

1961

$289

52%

6.0%

1962

$298

50%

5.5%

1963

$306

48%

5.5%

1964

$312

46%

5.0%

1965

$317

43%

4.0%

1966

$320

40%

3.8%

1967

$326

40%

3.8%

1968

$348

39%

3.4%

1969

$354

36%

3.5%

1970

$371

35%

6.1%

1971

$398

35%

6.0%

1972

$427

34%

5.2%

1973

$458

33%

4.9%

1974

$475

31%

7.2%

1975

$533

32%

8.2%

1976

$620

33%

7.8%

1977

$699

34%

6.4%

1978

$772

33%

6.0%

1979

$827

32%

6.0%

1980

$908

32%

7.2%

1981

$998

31%

8.5%

1982

$1,142

34%

10.8%

1983

$1,377

37%

8.3%

1984

$1,572

38%

7.3%

1985

$1,823

41%

7.0%

1986

$2,125

46%

6.6%

1987

$2,350

48%

5.7%

1988

$2,602

50%

5.3%

1989

$2,857

51%

5.4%

1990

$3,233

54%

6.3%

1991

$3,665

58%

7.3%

1992

$4,065

61%

7.4% 

1993

$4,411

63%

6.5%

1994

$4,693

64%

5.5%

1995

$4,974

64%

5.6%

1996

$5,225

64%

5.4%

1997

$5,413

63%

4.7%

1998

$5,526

60%

4.4%

1999

$5,656

58%

4.0%

2000

$5,674

55%

3.9%

2001

$5,807

55%

5.7%

2002

$6,228

57%

6.0%

2003

$6,783

59%

5.7%

2004

$7,379

60%

5.4%

2005

$7,933

61%

4.9%

2006

$8,507

61%

4.4%

2007

$9,008

62%

5.0%

2008

$10,025

68%

7.3%

2009

$11,910

82%

9.9%

2010

$13,562

90%

9.3%

2011

$14,790

95%

8.5%

2012

$16,066

99%

7.9%

2013

$16,738

99%

6.7%

2014

$17,824

101%

5.6%

2015

$18,151

100%

5.0%

2016

$19,573

105%

4.7%

2017

$20,245

104%

4.1%

2018

$21,516

105%

3.9%

2019

$22,719

107%

3.5%

2020

$27,748

129%

8.1%

2021

$28,400

125%

5.2%

UPDATED BY 

HILAREY GOULD 10/11/21

https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

https://www.thebalance.com/unemployment-rate-by-year-3305506

https://worldpopulationreview.com/countries/countries-by-national-debt

 

Comments

The US Debt to GDP tracks the growth of US federal government overspending from $17 billion in 1929 to $28.4 trillion in 2021.

Norb Leahy, Dunwoody GA Tea Party Leader

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