Historical Debt Outstanding – Annual 2000 – 2020
| Date | Dollar Amount |
|---|---|
| 09/30/2017 | 20,244,900,016,053.51 |
| 09/30/2016 | 19,573,444,713,936.79 |
| 09/30/2015 | 18,150,617,666,484.33 |
| 09/30/2014 | 17,824,071,380,733.82 |
What was the national debt in 2019?
$16.8 trillion
At the end of 2019, federal debt held by the public was $16.8 trillion, equal to about 79 percent of GDP, a higher percentage than at any other time since just after World War II.
What was the national debt at the beginning of 2020?
$26.9 trillion
Publicly Released: Nov 09, 2020. As of Sept. 30, 2020, the federal debt was $26.9 trillion—up $4.2 trillion from last year, due largely to the government’s COVID-19 response. Treasury’s Fiscal Service borrows the money for federal operations.
What was deficit in 2020?
$3.1 trillion
The federal government ran a deficit of $3.1 trillion in fiscal year 2020, more than triple the deficit for fiscal year 2019. This year’s deficit amounted to 15.2% of GDP, the greatest deficit as a share of the economy since 1945.
What is the current US national debt 2021?
In June 2021, the public debt of the United States was around 28.53 trillion U.S. dollars, over two trillion more than a year earlier, when it was around 26.48 trillion U.S. dollars.
What is the current national deficit?
The deficit in 2020 totaled $3.13 trillion and already is at $2.06 trillion through the first eight months of the fiscal year. Total government debt is now $28.3 trillion, of which the public holds $22.2 trillion.
Does deficit really matter?
An increase in the fiscal deficit, in theory, can boost a sluggish economy by giving more money to people who can then buy and invest more. Long-term deficits, however, can be detrimental for economic growth and stability. The U.S. has consistently run deficits over the past decade.
