As of August 05, 2025, total gross national debt is $36.93 trillion.
Relative to one year ago, total gross national debt is $1.87 trillion higher; relative to five years ago, it is $10.42 trillion higher.
Over the past year, the rate of increase averaged $5.13 billion per day, $213.61 million per hour, $3.56 million per minute, or $59,335.23 per second.
The increase in gross national debt over the past year amounts to $5,500.09 per person or $14,152.57 per household.
Total gross national debt amounts to $108,551 per person or $279,319 per household.
Assuming the average daily rate of growth over the past three years continues, the U.S. will reach $37 trillion by approximately August 17, 2025.
U.S. public debt in the form of Treasury securities is primarily made up of bills (4-52 weeks), notes (2-10 years), and bonds (20-30 years). Others include Treasury Inflation Protected Securities, Cash Management Bills, and Floating Rate Notes.
Net interest as a share of outlays is forecast by the Congressional Budget Office to be 13.55 percent in FY2025, 13.85 percent in FY2026, and 14.11 percent in FY2027.
As of July 2025, the average interest rate on the total marketable national debt is 3.399 percent. One year ago, it was 3.391 percent; five years ago, it was 1.714 percent.
The total amount of interest paid to trust funds over the past 12 months was $232.92 billion, an average of $19.41 billion per month.
A bid-to-cover ratio of 2 or higher reflects strong Treasury demand. As of July 2025, the bid-to-cover ratio for Treasury bills (4-week) is 2.63, for notes (10-year) is 2.35, and for bonds (30-year) is 2.31.
As of July 2025, of the $29.53 trillion of total public debt outstanding, $15.20 trillion (51.48 percent) is in notes, $6.00 trillion (20.30 percent) is in bills, and $5.07 trillion (17.16 percent) is in bonds. $3.27 trillion (11.06 percent) is in other securities.
As of the most recent data from Q3 of FY2025, approximately 31 percent of U.S. publicly held marketable debt will be maturing within 12 months.
As of the most recent data from June 2025, the average maturity is 72 months. In June 2024, it was 71 months; in June 2020, it was 62 months.
| Date | Time | Release | Data source |
|---|---|---|---|
| Aug 12 | 08:30 AM | Monthly Inflation Update, July 2025 | Bureau of Labor Statistics |
| Aug 13 | 10:00 AM | Monthly Fiscal Update, July 2025 | U.S. Treasury |
| Aug 19 | 10:00 AM | State Employment Update, July 2025 | Bureau of Labor Statistics |
| Aug 28 | 08:30 AM | Monthly GDP Update, Q2 2025 Second Estimate | Bureau of Economic Analysis |
| Aug 29 | 08:30 AM | Monthly Expenditures Update, July 2025 | Bureau of Economic Analysis |
| Sep 04 | 08:30 AM | Monthly Trade Update, July 2025 | Bureau of Economic Analysis |
| Sep 05 | 08:30 AM | Monthly Employment Update, August 2025 | Bureau of Labor Statistics |
Source: U.S. Treasury; JEC Republicans calculations