FY DEFICIT (IN BILLIONS) DEBT INCREASE (IN BILLIONS) DEFICIT-TO-GDP RATIO
1929 ($1) ($1) -0.70%
1930 ($1) ($1) -0.80%
1931 $0 $1 0.60%
1932 $3 $2 4.60%
1933 $3 $3 4.60%
1934 $4 $5 5.40%
1935 $3 $2 3.80%
1936 $4 $5 5.10%
1937 $2 $3 2.40%
1938 $0 $1 0.10%
1939 $3 $3 3.00%
1940 $3 $3 2.80%
1941 $5 $6 3.80%
1942 $21 $23 12.40%
1943 $55 $64 26.90%
1944 $48 $64 21.20%
1945 $48 $58 20.90%
1946 $16 $10 7.00%
1947 ($4) ($11) -1.60%
1948 ($12) ($6) -4.30%
1949 ($1) $0 -0.20%
1950 $3 $5 1.00%
1951 ($6) ($2) -1.80%
1952 $2 $4 0.40%
1953 $6 $7 1.70%
1954 $1 $5 0.30%
1955 $3 $3 0.70%
1956 ($4) ($2) -0.90%
1957 ($3) ($2) -0.70%
1958 $3 $6 0.60%
1959 $13 $8 2.50%
1960 $0 $2 -0.10%
1961 $3 $3 0.60%
1962 $7 $9 1.20%
1963 $5 $8 0.70%
1964 $6 $6 0.90%
1965 $1 $6 0.20%
1966 $4 $3 0.50%
1967 $9 $6 1.00%
1968 $25 $21 2.70%
1969 ($3) $6 -0.30%
1970 $3 $17 0.30%
1971 $23 $27 2.00%
1972 $23 $29 1.80%
1973 $15 $31 1.00%
1974 $6 $17 0.40%
1975 $53 $58 3.20%
1976 $74 $87 3.90%
1977 $54 $78 2.60%
1978 $59 $73 2.50%
1979 $41 $55 1.60%
1980 $74 $81 2.60%
1981 $79 $90 2.50%
1982 $128 $144 3.80%
1983 $208 $235 5.70%
1984 $185 $195 4.60%
1985 $212 $251 4.90%
1986 $221 $302 4.80%
1987 $150 $225 3.10%
1988 $155 $252 3.00%
1989 $153 $255 2.70%
1990 $221 $376 3.70%
1991 $269 $432 4.40%
1992 $290 $399 4.50%
1993 $255 $347 3.70%
1994 $203 $281 2.80%
1995 $164 $281 2.10%
1996 $107 $251 1.30%
1997 $22 $188 0.30%
1998 ($69) $113 -0.80%
1999 ($126) $130 -1.30%
2000 ($236) $18 -2.30%
2001 ($128) $133 -1.20%
2002 $158 $421 1.40%
2003 $378 $555 3.30%
2004 $413 $596 3.40%
2005 $318 $554 2.40%
2006 $248 $574 1.80%
2007 $161 $501 1.10%
2008 $459 $1,017 3.10%
2009 $1,413 $1,885 9.80%
2010 $1,294 $1,652 8.60%
2011 $1,300 $1,229 8.30%
2012 $1,077 $1,276 6.60%
2013 $680 $672 4.00%
2014 $485 $1,086 2.80%
2015 $442 $327 2.40%
2016 $585 $1,423 3.10%
2017 $665 $671 3.40%
2018 $779 $1,271 3.80%
2019 $984 $1,203 4.60%
2020 $3,132 $4,226 14.70%
2021 $2,772 $1,484 11.80%
2022 $1,376 $1,402 5.30%
2023 $1,684 $2,238 6.20%