US Public Debt Per Capita Monthly Insights: Treasury Bulletin (2024)

FAQs

US Public Debt Per Capita Monthly Insights: Treasury Bulletin? ›

Basic Info. US Public Debt Per Capita is at a current level of 101.17K, up from 98.83K last month and up from 93.98K one year ago.

U.S. national debt per capita 1990-2023

In 2023, the gross federal debt in the United States amounted to around 93,500 U.S. dollars per capita. This is a moderate increase from the previous year, when the per capita national debt amounted to about 92,528 U.S. dollars.

The $34 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself.

A measure of how much debt a government has per citizen. Calculated by adding short-term debt and long-term debt, subtracting cash and other liquid assets, and dividing by the population. There is currently no content classified with this term.

Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.

The United States pays interest on approximately $850 billion in debt held by the People's Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

Which state has the most debt per capita? ›

While New York leads the country in terms of per capita government debt, at $18,411 per person, California, the most populous state, has the largest amount of total debt, at $507 billion. Conversely, Wyoming has both the lowest amount of total and per capita debt, at about $2 billion or $3,437 per person.

India takes the top spot. The world's most populous country owed $38.3bn to the WB at the end of 2022, down by almost $1.5bn from a year earlier.

To Summarize

Based on the table, the top three countries with the higher household or personal debt based on a portion of their annual disposable income are Denmark, Norway, and the Netherlands.

The average debt an American owes is $104,215 across mortgage loans, home equity lines of credit, auto loans, credit card debt, student loan debt, and other debts like personal loans. Data from Experian breaks down the average debt a consumer holds based on type, age, credit score, and state.

The debt-to-capital ratio (D/C ratio) measures the financial leverage of a company by comparing its total liabilities to total capital. In other words, the debt-to-capital ratio formula measures the proportion of debt that a business uses to fund its ongoing operations as compared with capital.

As of December 2023, total federal debt was $33.1 trillion; $26.5 trillion held by the public and $12.1 trillion in intragovernmental debt.