Federal Debt Held by the Public as a Share of GDP (1797-2011) Year Percent 1797 16.5 1798 16.0 1799 15.8 1800 15.1 1801 13.3 1802 13.9 1803 14.1 1804 13.2 1805 10.9 1806 10.0 1807 9.5 1808 8.9 1809 7.4 1810 6.2 1811 5.7 1812 6.8 1813 8.2 1814 8.5 1815 10.2 1816 9.6 1817 7.8 1818 7.0 1819 7.4 1820 8.3 1821 9.1 1822 8.1 1823 8.3 1824 7.6 1825 6.5 1826 6.3 1827 5.7 1828 4.8 1829 3.9 1830 3.2 1831 1.8 1832 0.5 1833 0.3 1834 0.0 1835 0.0 1836 0.0 1837 0.2 1838 0.6 1839 0.2 1840 0.3 1841 0.8 1842 1.2 1843 1.5 1844 1.0 1845 0.7 1846 1.2 1847 1.7 1848 2.2 1849 2.5 1850 2.3 1851 2.4 1852 2.0 1853 1.4 1854 1.1 1855 0.9 1856 0.7 1857 0.9 1858 1.2 1859 1.5 1860 1.9 1861 7.2 1862 16.8 1863 23.8 1864 25.6 1865 31.0 1866 31.4 1867 31.4 1868 30.5 1869 30.0 1870 27.9 1871 25.7 1872 24.4 1873 23.2 1874 24.0 1875 23.7 1876 24.1 1877 23.9 1878 25.5 1879 23.0 1880 18.4 1881 16.8 1882 14.3 1883 13.5 1884 13.3 1885 13.2 1886 12.4 1887 11.2 1888 10.2 1889 8.6 1890 7.8 1891 7.0 1892 6.6 1893 6.8 1894 7.9 1895 7.9 1896 8.5 1897 8.0 1898 8.4 1899 7.5 1900 6.6 1901 5.7 1902 5.4 1903 5.0 1904 4.7 1905 4.3 1906 4.0 1907 4.0 1908 4.3 1909 3.8 1910 3.7 1911 3.6 1912 3.4 1913 3.2 1914 3.5 1915 3.3 1916 2.7 1917 13.3 1918 30.2 1919 33.4 1920 27.3 1921 31.6 1922 31.1 1923 25.2 1924 23.5 1925 21.6 1926 19.0 1927 18.0 1928 17.0 1929 14.9 1930 16.5 1931 22.3 1932 34.5 1933 39.1 1934 44.0 1935 42.9 1936 43.0 1937 40.1 1938 42.8 1939 43.0 1940 42.7 1941 43.3 1942 62.0 1943 77.1 1944 95.7 1945 112.7 1946 102.6 1947 90.4 1948 79.9 1949 81.4 1950 73.7 1951 63.7 1952 61.8 1953 60.2 1954 60.7 1955 55.5 1956 51.2 1957 48.1 1958 49.5 1959 47.0 1960 44.8 1961 44.6 1962 42.9 1963 41.4 1964 39.0 1965 36.5 1966 33.7 1967 33.4 1968 31.2 1969 28.5 1970 28.0 1971 28.1 1972 27.4 1973 26.0 1974 23.9 1975 25.3 1976 27.5 1977 27.8 1978 27.4 1979 25.6 1980 26.1 1981 25.8 1982 28.7 1983 33.1 1984 34.0 1985 36.4 1986 39.5 1987 40.6 1988 41.0 1989 40.6 1990 42.1 1991 45.3 1992 48.1 1993 49.3 1994 49.2 1995 49.1 1996 48.4 1997 45.9 1998 43.0 1999 39.4 2000 34.7 2001 32.5 2002 33.6 2003 35.6 2004 36.8 2005 36.9 2006 36.6 2007 36.3 2008 40.5 2009 54.1 2010 62.8 2011 67.7 Source: Source: Congressional Budget Office and Office of Management and Budget. Notes: Data from 1797 through 1969 available through CBO, Long-Term Budget Outlook June 2009 (see Additional Info). Data for 1970 through 2011 available through OMB, Historical Tables, Table 7.1. For 1797-1969, year refers to calendar year. From 1970-2011, year refers to fiscal year. For the years prior to 1929, CBO notes they estimated GDP from several sources.