# United States Federal debt held by the public, % of nominal GDP

United States Federal debt held by the public, % of nominal GDP was 98.2% in Q3 2026, up 0.9 percentage points from Q2 2026 and up 1.1 percentage points from a year earlier.
Over the past ten years it has ranged from 74.0% (Q2 2017) to 102.9% (Q2 2020), averaging 88.4%.

- Source agency: U.S. Treasury FiscalData
- Makrognosis code: `US.NETDEBT.Q.NSA`
- Frequency: quarterly
- Units: % of GDP
- Coverage: 2014-03-01 to 2026-09-01 (51 observations)
- Page: https://makrognosis.robomacro.com/data/united-states/federal-debt-held-by-the-public-pct-of-nominal-gdp

## Recent data

| Period | Value |
|---|---:|
| Q3 2026 | 98.2% |
| Q2 2026 | 97.3% |
| Q1 2026 | 98.5% |
| Q4 2025 | 98.1% |
| Q3 2025 | 97.1% |
| Q2 2025 | 94.6% |
| Q1 2025 | 95.9% |
| Q4 2024 | 96.6% |
| Q3 2024 | 95.7% |
| Q2 2024 | 94.5% |
| Q1 2024 | 95.6% |
| Q4 2023 | 94.6% |
| Q3 2023 | 93.8% |
| Q2 2023 | 92.5% |
| Q1 2023 | 90.7% |
| Q4 2022 | 91.7% |
| Q3 2022 | 92.3% |
| Q2 2022 | 92.4% |
| Q1 2022 | 94.5% |
| Q4 2021 | 93.2% |
| Q3 2021 | 93.1% |
| Q2 2021 | 95.2% |
| Q1 2021 | 96.8% |
| Q4 2020 | 97.9% |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/US.NETDEBT.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/US.NETDEBT.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```