What was the national debt in 2007?
What was the national debt in 2007?
$9,008
Debt by Year Compared to Nominal GDP and Events
| End of Fiscal Year | Debt (in billions, rounded) | Debt-to-GDP Ratio |
|---|---|---|
| 2007 | $9,008 | 62% |
| 2008 | $10,025 | 68% |
| 2009 | $11,910 | 82% |
| 2010 | $13,562 | 91% |
What was Australia’s debt in 2007?
Australian government debt
| Date (30 June) | Gross debt (A$ billion) | Debt as share of GDP |
|---|---|---|
| 2007 | 58.273 | 9.7% |
| 2008 | 60.451 | 11.8% |
| 2009 | 101.136 | 16.7% |
| 2010 | 147.123 | 20.5% |
What was South Africa’s national debt in 1994?
By 1994 government debt was just shy of 50% of GDP – a dramatic increase from 31.5% in 1990 which has been attributed partly to cyclical factors (Calitz & Siebrits, 2003: 58-60).
What was the national debt in 1995?
In 1995, the publicly held debt outstanding was about $3.6 trillion (or $5.47 trillion, in today’s money).
Who owns the largest share of the national debt?
In January 2021, Japan owned $1.28 trillion in U.S. Treasuries, making it the largest foreign holder. The second-largest holder is China, which owns $1.10 trillion of U.S. debt. Both Japan and China want to keep the value of the dollar higher than the value of their currencies.
Who does the US owe debt to?
The United States currently owes China around $1.1 trillion as of 2021. China broke the trillion-dollar mark back in 2011 according to the U.S. Treasury report. However, China does not disclose how much debt the U.S. owes them.
When was the United States debt free?
1835
However, President Andrew Jackson shrank that debt to zero in 1835. It was the only time in U.S. history when the country was free of debt.