‘The national debt is now larger than the economy’: Watchdog marks 100% of GDP milestone for $39 trillion burden
The U.S. national debt has surpassed the size of the economy, reaching 100.2% of GDP as of March 31, with debt held by the public at $31.27 trillion and nominal GDP at $31.22 trillion. Total gross national debt now exceeds $39 trillion, or about $114,000 per person, according to recent government data and analysis. The Committee for a Responsible Federal Budget warns of worsening fiscal trajectories, urging significant deficit reduction to avoid long-term economic harm.
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The United States has crossed a grim threshold: the national debt now exceeds the size of the entire American economy. As of March 31, debt held by the public stood at $31.27 trillion, while nominal GDP over the prior 12-month period was an estimated $31.22 trillion — pushing the debt-to-GDP ratio to 100.2%, according to a press release issued Thursday by the Committee for a Responsible Federal Budget (CRFB), based on new data from the Bureau of Economic Analysis.Recommended Video Total gross national debt — including intragovernmental obligations — has already surpassed $39 trillion, a figure that amounts to roughly $114,000 per American or $289,000 per household, according to the Senate Joint Economic Committee’s monthly debt update as of April 3, 2026.
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