The Bureau reportedly estimated on Thursday that the national debt held by public amounted to $31.27 trillion as of March 31. GDP at that time was estimated at $31.22 trillion, meaning the US national debt exceeded 100% of the country's economy.
Last time such a situation was observed in 1946, when the percentage of public debt to GDP was 106%, the report read.
On Thursday, Fitch Ratings suggested that US national debt, under its baseline scenario, would exceed 120% of GDP no later than 2027. The US public debt-to-GDP ratio was 116.6% in 2025, will reach 119.3% this year, and will increase to 122.2% in 2027, the agency estimated.