Gross Federal Debt Held by the Public
This dataset tracks gross federal debt held by the public over time.
Latest Value
26235.60
Year-over-Year Change
159.04%
Date Range
6/30/1939 - 9/30/2023
Summary
The 'Gross Federal Debt Held by the Public' measures the total outstanding debt of the U.S. federal government that is owed to entities outside the government, providing insight into the government's financing and fiscal policy.
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
This economic indicator tracks the value of debt obligations issued by the U.S. Treasury and held by entities such as individuals, corporations, and foreign governments. It is a key metric used by economists and policymakers to assess the government's fiscal health and sustainability.
Methodology
The Federal Reserve collects this data by surveying federal agencies and entities that hold U.S. government debt.
Historical Context
Trends in federal debt levels are closely monitored by financial markets, as they can influence interest rates, inflation, and the government's ability to fund future spending.
Key Facts
- U.S. federal debt held by the public was $23.3 trillion as of Q4 2022.
- Public debt has grown from 35% of GDP in 2007 to over 95% of GDP in 2022.
- Interest payments on the federal debt totaled $475 billion in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Gross Federal Debt Held by the Public' measures the total outstanding debt obligations of the U.S. federal government that are owned by entities outside the government, such as individuals, corporations, and foreign governments.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the government's fiscal health and sustainability, as high levels of public debt can impact interest rates, inflation, and the government's ability to fund future spending.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data by surveying federal agencies and other entities that hold U.S. government debt.
Q: How is this trend used in economic policy?
A: Trends in federal debt levels are closely monitored by financial markets, economists, and policymakers, as they can influence interest rates, inflation, and the government's ability to fund future spending.
Q: Are there update delays or limitations?
A: The Federal Reserve releases this data on a quarterly basis, with a delay of several months. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Gross Federal Debt Held by the Public (FYGFDPUB), retrieved from FRED.