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125 g in 2020, the gross federal debt to GDP ratio in the United States was about 134.24 percent.
What is gross federal debt?
The whole of the federal government's debts, including what it owes to itself, is known as the gross federal debt. The total of debt held by the public and intragovernmental debt is known as gross federal debt. In February 2020, before the COVID-19 public health and economic crisis necessitated significant short-term borrowing, the gross debt stood at $23.5 trillion. As of today, it has increased to $30.0 trillion. By the conclusion of Fiscal Year (FY) 2031, the Congressional Budget Office (CBO) forecasts that the gross debt will have increased to around $41.0 trillion.
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