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Federal debt of the United States - forecast 2018-2029
Federal debt of the United States - forecast 2018-2029
Forecast of the gross federal debt of the United States for fiscal years 2018 to 2029 (in billion U.S. dollars)
by Erin Duffin,
last edited
Aug 9, 2019
By 2029, the gross federal debt of the United States is projected to be about 33.65 trillion U.S. dollars. This would be an increase of about 12 trillion U.S. dollars from 2018, when the federal debt was 21.46 trillion U.S. dollars.
The federal debt of the U.S.
The federal debt, also called the national debt or public debt, is the amount of debt held by the United States government. This debt may be to other countries, or to different departments within the government itself. The public debt of the United States has increased significantly over the past 30 years, as it was around 3.2 trillion U.S. dollars in 1990 and totaled around 21.5 trillion U.S. dollars in September 2018.
The problem of the federal debt
Over the past number of years, the federal debt limit in the United States has been hiked significantly, which in the past few years was done in order to prevent the U.S. government from shutting down. The issue of the U.S. federal debt has put a wedge between Democrats and Republicans, as the two parties are unable to find an effective solution to reduce the federal debt.
When broken down per capita, the national debt amounted to about 65,600 U.S. dollars of debt per person in the United States.
Forecast of the gross federal debt of the United States for fiscal years 2018 to 2029 (in billion U.S. dollars)
Loading statistic...
| Year | National debt (in billion U.S. dollars) |
|---|---|
| 2029* | 33,657 |
| 2028* | 32,558 |
| 2027* | 31,351 |
| 2026* | 30,331 |
| 2025* | 29,175 |
| 2024* | 28,020 |
| 2023* | 26,922 |
| 2022* | 25,759 |
| 2021* | 24,598 |
| 2020* | 23,522 |
| 2019* | 22,465 |
| 2018 | 21,461 |
| Year | National debt (in billion U.S. dollars) |
|---|---|
| 2029* | 33,657 |
| 2028* | 32,558 |
| 2027* | 31,351 |
| 2026* | 30,331 |
| 2025* | 29,175 |
| 2024* | 28,020 |
| 2023* | 26,922 |
| 2022* | 25,759 |
| 2021* | 24,598 |
| 2020* | 23,522 |
| 2019* | 22,465 |
| 2018 | 21,461 |
© Statista 2019
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Source: US Congressional Budget Office
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by Erin Duffin,
last edited
Aug 9, 2019
By 2029, the gross federal debt of the United States is projected to be about 33.65 trillion U.S. dollars. This would be an increase of about 12 trillion U.S. dollars from 2018, when the federal debt was 21.46 trillion U.S. dollars.
The federal debt of the U.S.
The federal debt, also called the national debt or public debt, is the amount of debt held by the United States government. This debt may be to other countries, or to different departments within the government itself. The public debt of the United States has increased significantly over the past 30 years, as it was around 3.2 trillion U.S. dollars in 1990 and totaled around 21.5 trillion U.S. dollars in September 2018.
The problem of the federal debt
Over the past number of years, the federal debt limit in the United States has been hiked significantly, which in the past few years was done in order to prevent the U.S. government from shutting down. The issue of the U.S. federal debt has put a wedge between Democrats and Republicans, as the two parties are unable to find an effective solution to reduce the federal debt.
When broken down per capita, the national debt amounted to about 65,600 U.S. dollars of debt per person in the United States.
- Source
- US Congressional Budget Office
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- As a Premium user you get access to the detailed source references and background information about this statistic.
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- Release date
- January 2019
- Region
- United States
- Survey time period
- FY 2018
- Supplementary notes
-
* Projected.
Gross federal debt comprises federal debt held by the public plus Treasury securities held by federal trust funds and other government accounts.
The fiscal year is the accounting period for the federal government which begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends - Open this statistic in...
Source
- Source
- US Congressional Budget Office
- Show further sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- January 2019
More information
- Region
- United States
- Survey time period
- FY 2018
- Supplementary notes
-
* Projected.
Gross federal debt comprises federal debt held by the public plus Treasury securities held by federal trust funds and other government accounts.
The fiscal year is the accounting period for the federal government which begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends - Open this statistic in...
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Statistics on "U.S. public debt"
- Overview on public debt in the U.S.
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- Public debt of the United States of America from August 2018 to August 2019, by month (in billion U.S. dollars)United States - public debt by month 2018/19
- Public debt of the United States from 1990 to 2018* (in billion U.S. dollars)Public debt of the United States
- United States' national debt per capita from 1990 to 2018 (in U.S. dollars)United States - national debt per capita 2018
- National debt in the United States in relation to gross domestic product (GDP) from 2014 to 2024*National debt in the US in relation to gross domestic product (GDP) 2024*
- Statutory limits on Federal debt of the United States from 1940 to 2018 (in billion U.S. dollars)Federal debt limit of the United States 1940-2018
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- Holders of the U.S. government debt as of December 2018U.S government debt holders distribution 2018
- Major foreign holders of U.S. treasury securities as of June 2019 (in billion U.S. dollars)Major foreign holders of U.S. treasury securities 2019
- Percentage of major foreign holders of U.S. treasury securities from 2006 to 2018Percentage of major foreign holders of U.S. treasury securities 2006-2018
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- State and local government debt in the United States as a percentage of Gross Domestic product Product in the 2016 fiscal year, by stateState and local debt in the U.S. as a percentage of GDP in 2016, by state
- Gross public debt of U.S. states from 2000 to 2023* (in trillion U.S. dollars)Gross public debt of U.S. states 2000-2023*
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- Debt forecast
The most important statistics
- Forecast of the gross federal debt of the United States for fiscal years 2018 to 2029 (in billion U.S. dollars)Federal debt of the United States - forecast 2018-2029
- Public debt levels in the United States - past and forecast from 2000 to 2018, projected up to 2029 (in billion U.S. dollars)Public debt levels in the U.S. 2000-2029
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- Forecast of the U.S. budget balance for fiscal years 2018 to 2029 (in billion U.S. dollars)U.S. government - forecast of the budget balance 2018-2029
- U.S. budget balance and forecast from 2000 to 2029 (as a percentage of the GDP)U.S. budget balance and forecast as a percentage of the GDP 2000-2029
- Total interest expense on debt held by the public of the United States from 2011 to 2018 (in billion U.S. dollars)Interest expense on U.S. public debt 2011-2018
- International comparison
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Statistics on "U.S. public debt"
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- Public debt of the United States from 1990 to 2018* (in billion U.S. dollars)
- United States' national debt per capita from 1990 to 2018 (in U.S. dollars)
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- Gross public debt of U.S. local government from 2000 to 2023* (in trillion U.S. dollars)
- Forecast of the gross federal debt of the United States for fiscal years 2018 to 2029 (in billion U.S. dollars)
- Public debt levels in the United States - past and forecast from 2000 to 2018, projected up to 2029 (in billion U.S. dollars)
- U.S. public debt held by the public and forecast from 2000 to 2029 (as a percentage of the GDP)
- Budget surplus of the U.S. government from 2012 to 2019, by quarter (in trillion U.S. dollars)
- Surplus or deficit of the U.S. government's budget in fiscal years 2000 to 2024 (in trillion U.S. dollars)
- Forecast of the U.S. budget balance for fiscal years 2018 to 2029 (in billion U.S. dollars)
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- Total interest expense on debt held by the public of the United States from 2011 to 2018 (in billion U.S. dollars)
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