Then, following a policy of “quantitative easing” and “zero interest rates,” increased to 14.1 percent of GDP in 2014. In 2009, after the Crash of 2008, the debt held by the Federal Reserve System had increased back to 5.5 percent, and Slowly increased, reaching 5.7 percent of GDP before declining in 2008 to 3.4 percent of GDP. Debt reached 101 percent of GDP in 2009, and is estimatedįederal debt monetized by the Federal Reserve System increased to over 5 percent of GDP in 1998 and In the Crash of 2008 government debt increased sharply to bail out the banks and to But debt resumed a climb in the 2000s reaching 78 percent of GDP at the In debt as a percent of GDP set in for the rest of the 1990s, declining to 68.8 percent

The mid 1990s when it peaked at 78.7 percent of GDP in 1995. At 55 percent of GDP in 1985, debt increased as a percent of GDP until Viewed as a percent of Gross Domestic Product (GDP) government debt shows a different aspect. In 2022 total government debt was estimated at $20 trillion in 2014 and broke through $25 trillion in 2019. Gross debt, including all levels of government, exceeded In the 1990s debt reached $5 trillion in 1992,Īnd $7 trillion at the peak of the business cycle in 2000.Ģ006 and then, in response to the Great Recession of 2006-2008 exceeded $15 trillion in 2010. $4 trillion in the recession year of 1990. Government debt, including gross federal, state, and local debt, reached $3 trillion in 1987, and then breached Chart 4.12: Government Debt as Percent of GDP

Real gdp forecast bar graph