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Federal Debt Held by the Public Expected to Rise
![Federal Debt Held by the Public Expected to Rise](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-Federal-Debt-Held-by-the-Public-Expected-to-Rise-20240510132510.webp&w=3840&q=75)
Outlook for 2024– 2054
Deficits average 6.7% of GDP over the 30-year period, which is 3.0 percentage points more than they averaged over the past 50 years. Debt held by the public reaches 107% of GDP in 2029, exceeding the historical peak reached just after World War II, and its growth continues to accelerate through 2054.
Dataset
Year | Debt as a % of GDP |
---|---|
1944 | 85% |
1954 | 57% |
1964 | 39% |
1974 | 23% |
1984 | 32% |
1994 | 47% |
2004 | 35% |
2014 | 72% |
2024 | 100% |
2034 | 115% |
2044 | 140% |
2054 | 165% |
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