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Monday, 18 March 2013

U.S. Debt to GDP ratio Increases to 103.7% - Obama's Debt Record

Total public debt (Federal debt) in the U.S. was USD 16.433 trillion as of year end 2012 according to recent figures released by Fred. This means that total public debt increased by USD 1.210 trillion during 2012, an increase of 7.9%. As GDP for the year was USD 15.851 trillion (USD 15.321 trillion in 2011), the debt to GDP ratio increased from 99.4% at the end of 2011 to 103.7% at the end of 2012.

Since Obama first became president at the beginning of 2009, total public debt has increased by USD 5.733 trillion (53.6%) with the debt to GDP ratio increasing from 76.0% at the end of 2008 to 103.7% as of year end 2012.