U.S. Federal Debt to GDP Ratio Hits 123% in First Quarter 2026
U.S. debt-to-GDP ratio reaches 123%
The Federal Reserve Bank of St. Louis reports that the total public debt as a percentage of Gross Domestic Product reached 122.6% in the first quarter of 2026. This data, sourced from the U.S. Office of Management and Budget, shows a steady increase from previous quarters, highlighting the growing scale of federal obligations relative to the nation's economic output.
Federal Debt: Total Public Debt as Percent of Gross Domestic Product was first constructed by the Federal Reserve Bank of St. Louis in October 2012.