24Peaks / North America / United States / Government Debt

United States - Government Debt 120.79

IMF Global Debt Database · updated 2026-10-03 · 88 economies tracked

Latest value

120.79 (2024)

Global rank

#n/a of 88 economies

Share of global total

2.4%

Growth since 1950

1.45×

Ranking Race — Government Debt

1 = global #1 · lower value ranks higher

#1#15#29#43#57#71195019651980199520102024#6#841999 overtook Denmark2000 overtook Bosnia and Herzegovina
United StatesTurkmenistanKiribatiMicronesia, Fed. Sts.Marshall Islands

Real annual global ranks, 1950 - 2024. United States climbed from #6 to #84 (overtook Denmark). Gaps in a lane = missing data that year.

Key events for United States ↓

Key Events — United States

Auto-detected from rank data + curated milestones

1971
Nixon shock: end of gold convertibility curated

US suspends dollar-gold convertibility, Bretton Woods system ends.

1987
Black Monday stock crash curated

Dow falls 22.6% in a single day, triggering global market turbulence.

1999
Overtook Denmark in global rank auto
2000
Overtook Bosnia and Herzegovina in global rank auto
2008
Global financial crisis curated

Lehman Brothers collapse sets off the worst recession since the 1930s.

2020
COVID-19 recession curated

Sharpest quarterly GDP contraction on record as the pandemic hits.

Government Debt, 1950-2024

IMF Global Debt Database · % of GDP · linear scale · ranking in the race above
19501965198019952010202440.3970.94101.48132.03
Free: latest value, global rank and the ranking race. Subscribers unlock full history, multi-country comparison and export — sign up or login.