Federal budget & debt · GFDEGDQ188S
Federal debt to GDP
As of Q1 2026, federal debt as a share of GDP stood at 122.6% (percent of GDP), a change of +0.0 pt from the quarter before.
Source: U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis via FRED®. Quarterly data, seasonally adjusted. Latest observation Q1 2026; snapshot taken Oct 26, 2026, 6:40 PM EDT.
Latest (Q1 2026)
122.6%
Change from Q4 2025
+0.0 pt
A year earlier
120.5%
12-month change
+1.7%
122.6% Q1 2026 · Percent of GDP
Percent of GDP. Data from Q1 1966 to Q1 2026 (241 observations).
What it measures
This ratio compares total federal debt with the size of the economy. It is a common way to judge how heavy the debt is relative to the nation's income.
- Official title
- Federal Debt: Total Public Debt as Percent of Gross Domestic Product
- Units
- Percent of GDP
- Frequency and adjustment
- Quarterly, seasonally adjusted
- Original source
- U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis
Advertisement
| Date | Value | Change |
|---|---|---|
| Q1 2026 | 122.6% | +0.0 pt |
| Q4 2025 | 122.6% | +1.5 pt |
| Q3 2025 | 121.0% | +2.2 pt |
| Q2 2025 | 118.8% | -1.8 pt |
| Q1 2025 | 120.5% | -0.9 pt |
| Q4 2024 | 121.4% | +1.3 pt |
| Q3 2024 | 120.2% | +0.7 pt |
| Q2 2024 | 119.5% | -1.0 pt |
| Q1 2024 | 120.5% | +0.9 pt |
| Q4 2023 | 119.6% | +1.5 pt |
| Q3 2023 | 118.1% | +0.7 pt |
| Q2 2023 | 117.4% | +1.9 pt |
Related indicators
Advertisement
This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis, Federal Debt: Total Public Debt as Percent of Gross Domestic Product [GFDEGDQ188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GFDEGDQ188S, Oct 26, 2026.
- View GFDEGDQ188S on FRED® · U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis
FRED® is a registered trademark of the Federal Reserve Bank of St. Louis. Neither the Federal Reserve Bank of St. Louis nor U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis endorses OpenEcon.