This tile is stale: the value shown is the last
one the source published, never a fabricated current number.
The full history
1966
high 132.66 · low 30.60 · now 122.59 · 8 recessions shaded 2026
How it is read
What it measures
the debt against the economy that carries it
Confidence
ROBUST : a primary official series, mechanically reported.
Reliability (DRS)
DRS 95: Official OMB/FRED computation, quarterly since 1966. The longer annual view (1947+) lives on the Long View, derived from the Treasury archive and GDP. Scored against a generation (30y): for a valuation ratio the level IS the signal; full history would compare against the pre-globalization economy (foreign earnings, intangibles; disclosed).
Where it comes from
FRED ↗Every number on this site is reproducible from this primary source.
What it read at past stress points
Lehman, Sep 2008
67.28
◆ WATCH
Q4-2018 selloff
105.05
◆ WATCH
Curve inversion, Aug 2019
104.61
◆ WATCH
COVID crash, Mar 2020
106.77
◆ WATCH
Questions it helps answer
The Debt: Can the debt be carried, and who is carrying it?