U.S. National Debt Hits a Record $35 Trillion 📈

What We’re Showing

This graphic shows America’s total outstanding public debt, based on figures from the U.S. Department of the Treasury’s Fiscal Data website.

Key Takeaways

• In July, the U.S. national debt surpassed $35 trillion for the first time, which is equal to the GDP of China, Japan, Germany, India, and the United Kingdom combined
• Each day, the U.S. is spending $2 billion on debt servicing costs, fueled by high interest rates and a growing mountain of debt
• These interest costs have more than doubled in the last 10 years
• Looking ahead, the U.S. national debt is projected to swell to $56 trillion by 2034, equal to over 122% of GDP