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United States Debt Clock

Headline federal, state, local, and total US government debt.

   FY 2025
trillion
FY 2025
pct GDP
FY 2026
trillion
FY 2026
pct GDP
Gross Federal Debt$37.37121.5%$39.04127.8%
State Debt$1.133.7%$1.193.9%
Local Debt$2.367.7%$2.578.4%
Total US Debt$40.86132.8%$42.8140.1%
 
US Agency Debt$12.5640.8%$12.8942.2%
Debt: actual budgeted guesstimated

US Agency Debt is debt issued by federal agencies but not included in Gross Federal Debt.

Federal Debt Clock

Today the Federal Debt is about $39,204,974,715,248.65.

The amount is the gross outstanding debt issued by the United States Department of the Treasury since 1790 and reported here.

But, it doesn’t include state and local debt.

And, it doesn’t include so-called “agency debt.”

And, it doesn’t include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.

Federal Debt per person is about $120,150.


Total US Government Debt in 2026

Recent US Government Debt

Chart C.01t: Recent US Government Debt

At the end of FY 2026 the total government debt in the United States, including federal, state, and local, is expected to be $42.8 trillion.

Get more information about Total Debt here.

Total Federal Government Debt in 2026

Recent US Federal Debt

Chart C.01f: Recent US Federal Debt

At the end of FY 2026 the gross US federal government debt is estimated to be $39.04 trillion, according to the FY27 Federal Budget. Of this gross amount, debt “Held by the Public: Other” is estimated by usgovernmentspending.com at $27.28 trillion, debt “Held by the Public: Federal Reserve System” (i.e. monetized debt) is estimated by usgovernmentspending.com at $4.36 trillion and debt “Held by Federal Government Accounts” is estimated at $7.40 trillion.

Here is the gross federal debt by year for the last decade:

Federal Debt in trillions
20152016201720182019202020212022202320242025 
$18.12$19.54$20.21$21.46$22.67$26.9$28.39$30.84$32.99$35.23$37.37 

Click for federal debt from 1960 to present.

Get more information about Federal Debt here.

Total Federal Agency Debt in 2026

Recent Federal Agency Debt

Chart C.01a: Recent Federal Agency Debt

At the end of FY 2026 the federal agency debt in the United States is “guesstimated” to be $12.89 trillion.

Agency debt is debt issued by federal agencies and government-sponsored enterprises, and is not included in the total gross debt of the federal government.

Get more information about Agency Debt here.

Total State Government Debt in 2026

Recent State Government Debt

Chart C.01s: Recent State Government Debt

At the end of FY 2026 the state government debt in the United States is expected to be $1.19 trillion.

Get more information about State Government Debt here.

Total Local Government Debt in 2026

Recent Local Government Debt

Chart C.01l: Recent Local Government Debt

At the end of FY 2026 the local government debt in the United States is expected to be $2.57 trillion.

Get more information about Local Government Debt here.

Suggested Video: All About Debt

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Find DEFICIT stats and history.

US BUDGET overview and pie chart.

Find NATIONAL DEBT today.

See FEDERAL BUDGET breakdown and estimated vs. actual.

See BAR CHARTS of debt, debt.

Check STATE debt: CA NY TX FL and compare.

See DEBT ANALYSIS briefing.

See DEBT HISTORY briefing.

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Debt Data Sources

Debt data is from official government sources.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of debt data sources here.

Federal debt data begins in 1792.

State and local debt data begins in 1820.

State and local debt data for individual states begins in 1957.

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Gross Federal Debt

Debt Now:  $39,204,974,715,248.65
Debt 2/2020:$23,409,959,150,243.63

Data Sources for 2026:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years

> data sources for other years
> data update schedule.

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Gross State Product for 2025

The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2025 on April 9, 2026.

Usgovernmentspending.com has updated its individual state GSPs for 2025 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2027 Budget and the historical GDP data series from the BEA as a baseline.

Process:

  1. Click on link.
  2. Click on "Interactive Data" link
  3. Click on "Interactive Tables: GDP by State" link
  4. Click on "Annual Gross Domestic Product (GDP) by State"
  5. Click on "Summary Tables for GDP, personal income, and related data."
  6. Click on "SASUMMARY"
  7. Area: Select "All Areas"
  8. Statistic: Select "Real GDP..." and "Gross domestic product (GDP)"
  9. Click on Next Step button
  10. Time Period: Select "All Years"
  11. Click on Next Step button
  12. Click on Download button
  13. Select CSV 

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Gross State Product for 2025

The US Bureau of Economic Analysis (BEA) released its Gross State Product (GSP) data for 2025 on April 9, 2026.

Usgovernmentspending.com has updated its individual state GSPs for 2025 for each state using the projected national GDP numbers from Table 10.1 in the Historical Tables for the Federal FY2027 Budget and the historical GDP data series from the BEA as a baseline.

Process:

  1. Click on link.
  2. Click on "Interactive Data" link
  3. Click on "Interactive Tables: GDP by State" link
  4. Click on "Annual Gross Domestic Product (GDP) by State"
  5. Click on "Summary Tables for GDP, personal income, and related data."
  6. Click on "SASUMMARY"
  7. Area: Select "All Areas"
  8. Statistic: Select "Real GDP..." and "Gross domestic product (GDP)"
  9. Click on Next Step button
  10. Time Period: Select "All Years"
  11. Click on Next Step button
  12. Click on Download button
  13. Select CSV 
Federal Budget for FY27 Released
On April 4, 2026, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United ...

US GDP for 2025 Released
On March 15, 2026 usgovernmentspending.com updated its GDP series with the latest data from the Bureau of Economic Analysis ...

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