US Government Net Debt
The actual stock of US federal government debt in dollars, rather than as a share of GDP.
$39.46tn
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full US economy26 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Updated automatically from official sources.Government Net Debt
Q1 1970 to Q2 2026
Source: FRED series GFDEBTN · total public debt, not seasonally adjusted (Treasury).
US Government Net Debt in context
Worked out from the published series shown above.
In the US, the government net debt rose by $3.3tn over the year to Q2 2026, from $36.21tn in Q2 2025.
That is the highest reading in a record that starts in Q1 1970.
Over the past five years it has ranged from $28.43tn in Q3 2021 to $39.46tn in Q2 2026.
How this series is defined
Everything you need to check the figure against the source.
- Source
- FRED
- Series
- GFDEBTN
- Frequency
- Quarterly
- Unit
- $m
- Seasonal adjustment
- Not seasonally adjusted
- Latest observation
- Q2 2026
- Revision status
- Latest published estimate, subject to revision
Data refreshed 2026-11-06. Figures are the latest published observations and can be revised.
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