U.S. DOMESTIC NONFINANCIAL DEBT VS. GDP: 1953-1996
(in trillions of dollars)
Current dollars 1992 dollars Percent change
--------------- % of ------------- -------------- GDP
Year GDP Debt GDP GDP Debt GDP Debt Deflator
---- ----- ----- ----- ----- ----- ----- ----- --------
1953 0.37 0.49 130.9 1.90 2.49 0.1957
1954 0.38 0.51 136.0 1.91 2.59 0.24 4.10 0.1977
1955 0.40 0.55 139.0 1.96 2.73 2.95 5.27 0.2014
1956 0.43 0.58 135.0 2.04 2.76 4.09 1.05 0.2087
1957 0.45 0.60 134.0 2.08 2.79 1.99 1.25 0.2158
1958 0.46 0.64 139.4 2.08 2.90 -0.29 3.73 0.2207
1959 0.49 0.69 140.8 2.16 3.04 3.91 4.94 0.2267
1960 0.52 0.72 139.7 2.23 3.12 3.38 2.60 0.2321
1961 0.53 0.77 144.7 2.24 3.25 0.47 4.07 0.2364
1962 0.57 0.82 144.6 2.38 3.44 5.88 5.80 0.2388
1963 0.60 0.88 146.2 2.48 3.62 4.28 5.43 0.2418
1964 0.64 0.94 146.9 2.61 3.84 5.42 5.89 0.2450
1965 0.69 1.01 146.6 2.76 4.04 5.58 5.38 0.2491
1966 0.75 1.07 142.7 2.95 4.21 7.10 4.27 0.2549
1967 0.81 1.15 141.7 3.09 4.37 4.54 3.78 0.2630
1968 0.87 1.24 143.1 3.18 4.55 3.07 4.12 0.2728
1969 0.95 1.33 140.4 3.33 4.68 4.66 2.70 0.2847
1970 1.01 1.42 140.8 3.37 4.74 1.07 1.36 0.2999
1971 1.08 1.56 144.5 3.41 4.93 1.43 4.05 0.3156
1972 1.18 1.71 145.5 3.56 5.18 4.26 5.00 0.3307
1973 1.31 1.90 145.2 3.78 5.49 6.30 6.05 0.3454
1974 1.44 2.07 144.0 3.89 5.60 2.76 1.93 0.3699
1975 1.55 2.26 145.6 3.81 5.55 -1.90 -0.83 0.4076
1976 1.73 2.51 144.9 3.96 5.73 3.73 3.22 0.4374
1977 1.97 2.83 143.4 4.20 6.03 6.18 5.15 0.4693
1978 2.21 3.21 145.2 4.40 6.39 4.69 5.98 0.5031
1979 2.50 3.60 144.4 4.58 6.61 4.06 3.50 0.5454
1980 2.72 3.96 145.6 4.58 6.67 0.14 0.93 0.5933
1981 3.05 4.35 142.7 4.69 6.69 2.24 0.22 0.6508
1982 3.21 4.77 148.4 4.61 6.84 -1.63 2.30 0.6968
1983 3.42 5.34 156.1 4.70 7.33 1.98 7.25 0.7281
1984 3.81 6.12 160.4 5.03 8.07 7.03 10.02 0.7578
1985 4.10 7.09 172.8 5.24 9.05 4.15 12.21 0.7830
1986 4.37 7.95 181.7 5.43 9.87 3.66 8.98 0.8055
1987 4.61 8.67 188.2 5.55 10.45 2.25 5.90 0.8293
1988 4.95 9.44 190.6 5.77 11.00 3.93 5.24 0.8583
1989 5.35 10.18 190.1 5.98 11.37 3.66 3.42 0.8946
1990 5.68 10.87 191.3 6.10 11.68 2.04 2.67 0.9312
1991 5.86 11.35 193.7 6.03 11.68 -1.20 0.02 0.9714
1992 6.14 11.90 193.6 6.14 11.90 1.86 1.84 1.0000
1993 6.47 12.54 193.8 6.30 12.22 2.63 2.71 1.0263
1994 6.83 13.17 192.8 6.50 12.54 3.16 2.63 1.0501
1995 7.19 13.89 193.2 6.68 12.90 2.67 2.91 1.0762
1996 7.48 14.64 195.6 6.81 13.32 1.98 3.23 1.0990
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Source: Federal Reserve (http://www.bog.frb.fed.us/releases/Z1/data.htm,
file gtabs.zip, extracted file gtab3d.prn); PDF file with debt since
1957 is at http://www.bog.frb.fed.us/releases/Z1/Current; Budget of
the United States Government, FY 1998, Historical Table 10.1
Note: Domestic Nonfinancial Debt consists of outstanding credit market debt
of U.S. Gov't, State & Local Gov'ts and private nonfinancial sectors
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