Debt Clock USA

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Follow the real-time increase in the United States national debt and deficits.

National debt

National debt

Total amount of outstanding borrowing by the U.S. Federal Government in FY 2026

The rate of debt increase averages $70,843.42 per second or $6.12 billion per day. Debt stock has doubled since 2017 and increased tenfold since 1982. 80% of total national debt is owned by the public (domestic and foreign), the other 20% is owned by intergovernmental institutions (Federal Reserve, State and local governments, government trust funds,etc.).

Interest expenses

Total amount of interests paid on the national debt in FY 2026

For the first time in US history, interest payments were above €1 trillion: $1.02 trillion paid in FY 2036, about 3.2% of GDP, (after 981 million dollars paid in FY 2025). Debt interests will amount to about 15.7% of total federal spending in FY2029. At this rate, net interest payments on the national debt will surpass $1.5 trillion in 2032 and $2.1 trillion in 2036.

NATIONAL DEBT/GDP​

Debt-to-Gross-Domestic-Product (GDP) ratio forecast in real-time
0 .1%

123.3 in 2026 and 123.8% in 2025. Japan (250%), Greece (153.6%), Italy (135.3%), France (119.1%), Canada (110.8%), China (88.3%), India (84%), European Union (81%), Germany (62.5%). The U.S. debt to GDP ratio surpassed 100% in 2013 when both debt and GDP were approximately 16.7 trillion.
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Federal Budget

Federal budget deficit

Balance of federal government expenses and revenues in FY 2026

$ 2.2 trillion projected for FY 2026, after $ a 1.7 trillion deficit in FY 2025.

FEDERAL BUDGET DEFICIT/GDP

Ratio budget deficit to Gross domestic product forecast in FY 2026
0 .1%

5.9% in 2025. Deficits have averaged 3.8% over the past 50 years, indicating structural fiscal imbalances.

LAST BUDGET SURPLUS

24 years of running deficits
0
In the last 50 years, the federal government budget has run a surplus four times, most recently in 1998, 1999, 2000, 2001 under the Clinton administration.
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Foreign trade

Trade deficit

Balance of trade (exports/imports of goods and services) in calendar year 2026
$901,5 B in 2025, down 0,2% from 2024. The US deficit in the trade of goods widened to a record $1,240 billion. The trade surplus in services rose to $339 billion from 312 billion in 2024. The trade deficit in goods narrowed with China (to $202 billion from $296 billion) but widened with Mexico, Vietnam and Taïwan.

TARIFF REVENUE

Amount of net tariff revenue collected through the taxation of imports in 2026

$247 billion forecast in 2026 and $2.3 trillion in the period FY 2026 through 2025

Current-account balance deficit

Combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries
$ 0 .9
billion

Interest on the debt paid to foreigners in 2024 was $230.6 billion. The top three estimated foreign holders of federal debt by country, as of December 2024, are Japan ($1.1 trillion or 12,4%), China ($0.8 trillion or 8,9%), and the United Kingdom ($0.7 trillion or 8,4%).
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