The following table contains approximate figures for the gross domestic product (GDP) and the national debt in the United States for June 2005 and June 2011. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars.
Ā
GDP
Total National Debt
Debt Held by
Debt Held Outside Fed. Govt. and Fed. Reserve
(Trillions of Dollars)
(Trillions of Dollars)
Federal Government
Foreign Ownership
U.S. Ownership
and Federal Reserve
(Trillions of Dollars)
(Trillions of Dollars)
(Trillions of Dollars)
June 2005
12.3
7.8
4.0
1.9
1.9
June 2011
15.2
14.3
4.6
4.5
5.2
Source: U.S. Treasury, Bureau of Economic Analysis.
1. Publicly held debt is the portion of the national debt that is held outside the federal government and the Federal Reserve System. In June 2005, the publicly held debt as a percentage of the total national debt was (49%; 53.8%; 48.7%; 49.5%).
2. In June 2005, the percentage of the U.S. national debt held by foreigners was (24.9%; 24.4%; 26.5%; 25.8%).
3. The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2005 and 2011, the fraction of the national debt held by foreigners (decreased, increased).
4. The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and the Federal Reserve) as a percentage of GDP. In 2005, publicly held debt was (51.0%; 50.5%; 46.2%; 30.9%) of GDP. Between 2005 and 2011, publicly held debt as a percentage of GDP (Increased, Decreased).
The following table contains approximate figures for the gross domestic product (GDP) and the national debt in the United States for June 2005 and June 2011. The national debt represents the total amount of money owed by the federal government to holders of U.S. securities. All numbers are in trillions of dollars.
| Ā | GDP | Total National Debt | Debt Held by |
Debt Held Outside Fed. Govt. and Fed. Reserve |
|
|---|---|---|---|---|---|
| (Trillions of Dollars) | (Trillions of Dollars) | Federal Government | Foreign Ownership | U.S. Ownership | |
| and Federal Reserve | (Trillions of Dollars) | (Trillions of Dollars) | |||
| (Trillions of Dollars) | |||||
| June 2005 | 12.3 | 7.8 | 4.0 | 1.9 | 1.9 |
| June 2011 | 15.2 | 14.3 | 4.6 | 4.5 | 5.2 |
Source: U.S. Treasury, Bureau of Economic Analysis.
1. Publicly held debt is the portion of the national debt that is held outside the federal government and the Federal Reserve System. In June 2005, the publicly held debt as a percentage of the total national debt was (49%; 53.8%; 48.7%; 49.5%).
2. In June 2005, the percentage of the U.S. national debt held by foreigners was (24.9%; 24.4%; 26.5%; 25.8%).
3. The fraction of the national debt held by foreigners will eventually need to be repaid to foreigners, thereby reducing the collective purchasing power of Americans. Between 2005 and 2011, the fraction of the national debt held by foreigners (decreased, increased).
4. The absolute level of the debt does not necessarily provide a clear indication of a nation's debt burden. Thus, economists often look at relative measures of the national debt. One possible relative measure of the national debt is the federal debt held by the public (outside the federal government and the Federal Reserve) as a percentage of GDP. In 2005, publicly held debt was (51.0%; 50.5%; 46.2%; 30.9%) of GDP. Between 2005 and 2011, publicly held debt as a percentage of GDP (Increased, Decreased).
