State debt per capita in the United States in fiscal year 2013 (in U.S. dollars)

This graph shows the state debt per capita in the United States for the 2013 fiscal year. In 2013, the state of Alabama had a total per capita debt of 14,173 U.S. dollars. Average state debt per capita amounted to 16,178 U.S. dollars.

The national debt of the United Stated can be found here.

State debt

National debts, also known as public debt and government debt, are the amount of money borrowed by states to cover their budget deficits. Nearly all governments use the debt method to finance operations and projects. Government debt can be seen as an indirect debt on taxpayers.

The public debt of the United States has been rising steadily for the last decades from 3,233.31 billion U.S. dollars in 1990 to 17,156.12 billion U.S dollars in 2013.

Although the United States’ debt is significantly high, the country with the highest public debt in 2014, in relation to the gross domestic product (GDP), was Japan. Japan had an estimated debt of about 246.16 percent in relation to the gross domestic product, according to IMF data. Nigeria was among the countries with the lowest national debt in 2014 in relation to the gross domestic product (GDP), with an estimated level of national debt reached about 15.91 percent of the GDP.

Much of the U.S. public debt is held by foreign investors, debt holders like nations or institutions which lent money to the United States. About 47 percent of the U.S. public debt is hold by foreign investors, while the Federal Reserve Bank holds 10 percent of the U.S public debt. As of August 2014, China and Japan are the major foreign holders of U.S. treasury debt. According to the Federal Reserve and U.S. Department of the Treasury, China held 1,270.9 billion U.S. dollars, while Japan held 1,220.1 billion U.S. dollars.

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StateDebt per capita (in U.S. dollars)
Alaska 40,714
Hawaii 33,111
Connecticut 31,298
Ohio 27,836
Illinois 24,959
New Jersey 24,134
New Mexico 24,041
Kansas 23,523
Oregon 22,229
California 20,449
New York 19,799
Kentucky 19,689
Massachusetts 19,493
Nevada 19,152
Mississippi 18,321
Louisiana 18,097
Rhode Island 17,960
Delaware 17,437
Wyoming 17,265
Colorado 16,748
Average debt per capita 16,178
Maryland 16,010
Minnesota 15,965
Montana 15,689
South Carolina 15,053
Pennsylvania 14,487
Michigan 14,435
Alabama 14,173
New Hampshire 13,951
West Virginia 13,459
North Dakota 13,241
Texas 13,083
Washington 12,988
Arkansas 12,785
Missouri 12,702
Maine 12,577
Vermont 12,566
Utah 12,513
Iowa 12,290
Georgia 11,612
Oklahoma 11,574
Virginia 11,158
North Carolina 11,032
Florida 10,243
Idaho 9,459
Arizona 9,321
South Dakota 9,249
Wisconsin 7,863
Indiana 7,094
Nebraska 7,081
Tennessee 6,358
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