Federal Government; Total Currency and Deposits; Asset, Level
Annual
FGTCAAA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
769,592.00
Year-over-Year Change
436.11%
Date Range
1/1/1945 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in the ratio of gross federal government debt to gross domestic product (GDP). This key economic indicator provides insight into the sustainability of U.S. government debt levels.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual trend tracks the ratio of gross federal government debt to GDP, offering a measure of the government's fiscal position and the burden of public debt. Economists and policymakers use this data to assess the long-term viability of U.S. fiscal policy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official government debt and GDP figures.
Historical Context
The Annual trend is closely monitored by financial markets, credit rating agencies, and international institutions when evaluating the creditworthiness and economic stability of the United States.
Key Facts
- The U.S. government debt-to-GDP ratio reached a high of 136% in 2020 due to the COVID-19 pandemic.
- The average U.S. government debt-to-GDP ratio from 1950 to 2021 was 67.5%.
- Historically, the U.S. government debt-to-GDP ratio has ranged from a low of 31.7% in 1981 to a high of 136% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the ratio of gross federal government debt to gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the sustainability of U.S. government debt levels, which is a key concern for economists, policymakers, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official government debt and GDP figures.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by financial markets, credit rating agencies, and international institutions when evaluating the creditworthiness and economic stability of the United States.
Q: Are there update delays or limitations?
A: The Annual trend data is released on a regular schedule by the Federal Reserve and is subject to the same update delays and limitations as the underlying government debt and GDP figures.
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Citation
U.S. Federal Reserve, Annual (FGTCAAA027N), retrieved from FRED.