Financial Accounts of the United States - Z.1

Changes in Net Worth: Households and Nonprofits
Trillions of Dollars
date Corporate Equity Real Estate Debt Securities Other
2015:Q1 0.41 0.33 0.12 0.77
2015:Q2 0.07 0.44 -0.13 0.43
2015:Q3 -1.99 0.44 0.32 0.26
2015:Q4 0.98 0.33 -0.25 0.43
2016:Q1 0.23 0.28 0.23 0.41
2016:Q2 0.55 0.53 0.24 0.39
2016:Q3 0.75 0.50 -0.06 0.50
2016:Q4 0.39 0.40 -0.28 0.18
2017:Q1 1.45 0.41 0.09 0.41
2017:Q2 0.81 0.52 0.23 0.62
2017:Q3 0.96 0.51 0.04 0.20
2017:Q4 1.61 0.40 0.11 0.44
2018:Q1 -0.24 0.62 0.10 0.59
2018:Q2 0.46 0.39 0.18 0.21
2018:Q3 1.32 0.36 0.27 0.05
2018:Q4 -4.42 0.27 0.09 0.32
2019:Q1 4.07 0.49 0.37 1.11
2019:Q2 0.93 0.38 0.48 0.45
2019:Q3 -0.21 0.28 0.22 0.44
2019:Q4 2.44 0.34 0.02 0.58
2020:Q1 -7.87 0.65 -0.44 1.52
2020:Q2 5.85 0.73 -0.04 1.35
2020:Q3 2.90 0.77 0.10 0.70
2020:Q4 5.77 0.96 0.23 1.25
2021:Q1 3.14 1.29 -0.61 1.51
2021:Q2 3.57 2.20 0.06 0.87
2021:Q3 0.27 1.71 0.19 1.49
2021:Q4 2.48 0.72 -0.21 1.35
2022:Q1 -2.37 3.64 -0.22 0.53
2022:Q2 -7.92 2.28 -0.22 0.18
2022:Q3 -1.80 -1.30 0.26 -0.65
2022:Q4 2.42 -0.93 0.86 -1.18
2023:Q1 2.45 -0.05 0.81 0.02
2023:Q2 2.64 2.22 0.16 0.51
2023:Q3 -1.68 0.51 -0.04 -0.13
2023:Q4 4.43 -0.36 0.60 -0.39
2024:Q1 4.28 2.06 0.06 0.18
2024:Q2 1.11 1.80 0.20 -0.00
2024:Q3 3.27 -0.22 0.54 0.38
2024:Q4 0.59 -0.41 -0.20 0.66
2025:Q1 -2.33 -0.20 0.16 0.78

Chart | CSV | Data Dictionary

Assets, Liabilities, and Net Worth
Trillions of Dollars
date Assets Liabilities
2000:Q1 51.27 6.95
2000:Q2 51.48 7.09
2000:Q3 52.31 7.28
2000:Q4 51.90 7.42
2001:Q1 51.77 7.47
2001:Q2 53.25 7.67
2001:Q3 52.46 7.93
2001:Q4 54.09 8.06
2002:Q1 54.88 8.19
2002:Q2 54.46 8.38
2002:Q3 53.58 8.60
2002:Q4 54.75 8.85
2003:Q1 55.21 9.04
2003:Q2 57.50 9.43
2003:Q3 58.67 9.69
2003:Q4 60.84 9.94
2004:Q1 63.51 10.14
2004:Q2 64.73 10.45
2004:Q3 66.26 10.73
2004:Q4 68.85 11.09
2005:Q1 69.98 11.30
2005:Q2 71.83 11.63
2005:Q3 73.88 11.98
2005:Q4 75.60 12.28
2006:Q1 77.97 12.64
2006:Q2 78.59 13.00
2006:Q3 80.06 13.33
2006:Q4 81.82 13.59
2007:Q1 82.93 13.77
2007:Q2 83.95 14.07
2007:Q3 84.99 14.31
2007:Q4 84.38 14.50
2008:Q1 82.33 14.64
2008:Q2 81.20 14.59
2008:Q3 78.89 14.73
2008:Q4 75.46 14.45
2009:Q1 73.52 14.36
2009:Q2 73.89 14.34
2009:Q3 75.65 14.33
2009:Q4 75.78 14.33
2010:Q1 76.89 14.22
2010:Q2 76.29 14.16
2010:Q3 78.28 14.08
2010:Q4 79.95 14.07
2011:Q1 81.04 14.05
2011:Q2 81.39 14.00
2011:Q3 79.48 13.99
2011:Q4 80.91 13.98
2012:Q1 82.84 13.92
2012:Q2 82.91 13.90
2012:Q3 84.85 13.90
2012:Q4 85.84 13.88
2013:Q1 88.63 13.84
2013:Q2 89.88 13.86
2013:Q3 92.48 13.92
2013:Q4 94.88 14.09
2014:Q1 96.56 14.08
2014:Q2 98.81 14.16
2014:Q3 99.49 14.15
2014:Q4 101.11 14.22
2015:Q1 102.72 14.19
2015:Q2 103.66 14.32
2015:Q3 102.80 14.44
2015:Q4 104.30 14.45
2016:Q1 105.47 14.47
2016:Q2 107.31 14.60
2016:Q3 109.18 14.77
2016:Q4 109.97 14.87
2017:Q1 112.38 14.92
2017:Q2 114.72 15.08
2017:Q3 116.58 15.23
2017:Q4 119.32 15.42
2018:Q1 120.45 15.47
2018:Q2 121.82 15.60
2018:Q3 123.98 15.76
2018:Q4 120.36 15.90
2019:Q1 126.44 15.93
2019:Q2 128.89 16.13
2019:Q3 129.82 16.33
2019:Q4 133.40 16.53
2020:Q1 127.32 16.59
2020:Q2 135.21 16.60
2020:Q3 139.94 16.86
2020:Q4 148.42 17.13
2021:Q1 153.91 17.29
2021:Q2 161.32 18.01
2021:Q3 165.32 18.36
2021:Q4 170.05 18.74
2022:Q1 171.92 19.03
2022:Q2 166.61 19.40
2022:Q3 163.44 19.72
2022:Q4 164.83 19.93
2023:Q1 168.10 19.97
2023:Q2 173.79 20.13
2023:Q3 172.63 20.31
2023:Q4 177.08 20.48
2024:Q1 183.73 20.55
2024:Q2 187.00 20.71
2024:Q3 191.15 20.88
2024:Q4 191.74 20.84
2025:Q1 190.08 20.78

Chart | CSV | Data Dictionary

Nonfinancial U.S. Debt
Trillions of Dollars
date Household Business Federal State & Local
2000:Q1 6.85 6.39 4.31 1.19
2000:Q2 6.97 6.56 4.21 1.18
2000:Q3 7.14 6.66 4.14 1.19
2000:Q4 7.25 6.77 4.09 1.20
2001:Q1 7.37 6.81 4.12 1.23
2001:Q2 7.55 6.94 4.03 1.25
2001:Q3 7.79 7.01 4.10 1.27
2001:Q4 7.89 7.07 4.15 1.30
2002:Q1 8.08 7.13 4.16 1.33
2002:Q2 8.23 7.16 4.26 1.36
2002:Q3 8.44 7.20 4.36 1.40
2002:Q4 8.67 7.25 4.43 1.45
2003:Q1 8.89 7.27 4.47 1.47
2003:Q2 9.25 7.29 4.64 1.52
2003:Q3 9.49 7.34 4.75 1.54
2003:Q4 9.75 7.36 4.85 1.57
2004:Q1 9.99 7.50 4.91 2.34
2004:Q2 10.28 7.57 5.08 2.40
2004:Q3 10.53 7.70 5.17 2.45
2004:Q4 10.88 7.84 5.25 2.49
2005:Q1 11.12 7.99 5.35 2.54
2005:Q2 11.44 8.15 5.45 2.58
2005:Q3 11.76 8.27 5.50 2.62
2005:Q4 12.05 8.46 5.58 2.65
2006:Q1 12.45 8.68 5.69 2.65
2006:Q2 12.81 8.90 5.77 2.69
2006:Q3 13.09 9.05 5.77 2.73
2006:Q4 13.35 9.29 5.80 2.77
2007:Q1 13.55 9.54 5.93 2.82
2007:Q2 13.86 9.85 5.94 2.88
2007:Q3 14.06 10.17 5.99 2.92
2007:Q4 14.24 10.45 6.07 2.94
2008:Q1 14.41 10.66 6.24 2.97
2008:Q2 14.36 10.87 6.33 2.98
2008:Q3 14.47 11.01 6.82 2.99
2008:Q4 14.16 11.04 7.38 2.98
2009:Q1 14.11 10.98 7.79 3.02
2009:Q2 14.08 10.88 8.25 3.06
2009:Q3 14.04 10.74 8.64 3.09
2009:Q4 14.00 10.54 8.88 3.13
2010:Q1 13.95 10.51 9.30 3.16
2010:Q2 13.89 10.44 9.80 3.16
2010:Q3 13.79 10.48 10.22 3.17
2010:Q4 13.77 10.41 10.53 3.22
2011:Q1 13.79 10.42 10.72 3.20
2011:Q2 13.74 10.50 11.00 3.18
2011:Q3 13.69 10.58 11.40 3.18
2011:Q4 13.66 10.68 11.67 3.19
2012:Q1 13.66 10.77 12.00 3.19
2012:Q2 13.62 10.88 12.39 3.21
2012:Q3 13.59 11.06 12.64 3.21
2012:Q4 13.55 11.26 12.85 3.19
2013:Q1 13.58 11.33 13.15 3.19
2013:Q2 13.60 11.50 13.26 3.17
2013:Q3 13.61 11.69 13.41 3.16
2013:Q4 13.77 11.83 13.71 3.18
2014:Q1 13.83 12.02 13.92 3.18
2014:Q2 13.88 12.21 14.09 3.17
2014:Q3 13.82 12.40 14.31 3.11
2014:Q4 13.87 12.65 14.44 3.12
2015:Q1 13.92 12.88 14.50 3.13
2015:Q2 14.03 13.16 14.71 3.14
2015:Q3 14.10 13.35 14.78 3.14
2015:Q4 14.08 13.51 15.17 3.13
2016:Q1 14.17 13.80 15.38 3.15
2016:Q2 14.29 13.94 15.62 3.16
2016:Q3 14.41 14.12 15.85 3.17
2016:Q4 14.49 14.18 16.01 3.17
2017:Q1 14.62 14.46 15.98 3.15
2017:Q2 14.76 14.71 16.19 3.15
2017:Q3 14.86 14.92 16.44 3.15
2017:Q4 15.03 15.20 16.61 3.17
2018:Q1 15.16 15.37 17.04 3.15
2018:Q2 15.27 15.82 17.34 3.15
2018:Q3 15.39 16.01 17.60 3.15
2018:Q4 15.50 16.19 17.87 3.13
2019:Q1 15.60 16.44 18.10 3.12
2019:Q2 15.77 16.60 18.28 3.10
2019:Q3 15.93 16.82 18.76 3.11
2019:Q4 16.08 16.91 19.04 3.13
2020:Q1 16.22 17.75 19.48 3.14
2020:Q2 16.20 18.43 22.63 3.17
2020:Q3 16.42 18.44 23.05 3.22
2020:Q4 16.65 18.50 23.62 3.23
2021:Q1 16.90 18.72 23.89 3.26
2021:Q2 17.59 19.04 24.56 3.28
2021:Q3 17.90 19.26 24.56 3.31
2021:Q4 18.24 19.61 25.30 3.30
2022:Q1 18.61 19.98 25.95 3.28
2022:Q2 18.95 20.34 26.31 3.30
2022:Q3 19.24 20.54 26.59 3.29
2022:Q4 19.40 20.63 26.85 3.25
2023:Q1 19.51 20.86 27.15 3.26
2023:Q2 19.66 20.94 28.01 3.29
2023:Q3 19.80 21.01 28.75 3.28
2023:Q4 19.91 21.04 29.47 3.28
2024:Q1 20.06 21.25 29.93 3.30
2024:Q2 20.20 21.46 30.40 3.35
2024:Q3 20.35 21.61 30.97 3.39
2024:Q4 20.24 21.53 31.62 3.37
2025:Q1 20.26 21.76 31.77 3.41

Chart | CSV | Data Dictionary

Nonfinancial U.S. Debt as a Share of GDP
Percent of GDP
date Household Business Federal State & Local
1952:Q1 23.82 29.30 62.89 7.13
1952:Q2 24.66 29.83 63.02 7.86
1952:Q3 24.99 29.95 62.32 8.04
1952:Q4 25.10 29.55 60.35 8.09
1953:Q1 25.71 29.46 59.52 8.25
1953:Q2 26.34 29.64 59.32 8.49
1953:Q3 26.99 30.10 60.61 8.82
1953:Q4 28.02 30.47 61.50 9.27
1954:Q1 28.54 30.92 61.60 9.62
1954:Q2 29.18 31.16 61.66 9.94
1954:Q3 29.66 31.33 60.85 10.16
1954:Q4 30.13 30.96 60.09 10.28
1955:Q1 30.44 30.38 58.00 10.28
1955:Q2 31.23 30.57 56.84 10.38
1955:Q3 31.81 30.64 55.68 10.46
1955:Q4 32.39 31.13 54.93 10.56
1956:Q1 33.12 31.66 54.35 10.75
1956:Q2 33.52 32.06 52.76 10.85
1956:Q3 33.82 32.39 52.02 10.95
1956:Q4 33.97 32.34 51.04 10.94
1957:Q1 34.06 32.35 50.29 10.94
1957:Q2 34.66 32.98 49.18 11.12
1957:Q3 34.71 33.04 48.88 11.20
1957:Q4 35.50 33.91 49.12 11.59
1958:Q1 36.40 34.95 50.30 12.06
1958:Q2 36.51 35.06 50.75 12.25
1958:Q3 36.12 34.63 49.11 12.17
1958:Q4 36.11 34.46 48.72 12.14
1959:Q1 36.28 34.26 48.13 12.17
1959:Q2 36.48 34.43 47.43 12.18
1959:Q3 37.43 34.91 47.72 12.45
1959:Q4 38.27 35.36 47.52 12.62
1960:Q1 37.95 35.13 46.07 12.56
1960:Q2 39.02 35.97 46.14 12.86
1960:Q3 39.48 36.13 45.78 13.01
1960:Q4 40.70 37.14 46.29 13.37
1961:Q1 40.99 37.25 45.93 13.51
1961:Q2 41.01 37.15 45.42 13.45
1961:Q3 40.83 36.97 45.19 13.44
1961:Q4 40.97 36.98 44.47 13.40
1962:Q1 40.74 36.69 43.89 13.39
1962:Q2 41.19 37.16 43.74 13.48
1962:Q3 41.59 37.34 43.07 13.49
1962:Q4 42.42 38.02 43.45 13.68
1963:Q1 42.71 38.07 43.12 13.68
1963:Q2 43.36 38.33 42.92 13.78
1963:Q3 43.50 38.13 41.79 13.64
1963:Q4 44.07 38.56 41.44 13.65
1964:Q1 44.07 38.26 40.66 13.51
1964:Q2 44.59 38.61 40.36 13.59
1964:Q3 44.70 38.70 39.89 13.58
1964:Q4 45.48 39.32 39.91 13.71
1965:Q1 45.12 39.20 38.90 13.57
1965:Q2 45.35 39.56 38.26 13.63
1965:Q3 45.09 39.53 37.03 13.54
1965:Q4 44.81 39.36 36.44 13.37
1966:Q1 44.30 39.38 35.53 13.18
1966:Q2 44.68 40.23 35.09 13.29
1966:Q3 44.34 40.49 34.44 13.24
1966:Q4 44.21 40.59 34.33 13.20
1967:Q1 44.04 41.05 34.28 13.21
1967:Q2 44.35 41.92 33.67 13.38
1967:Q3 44.19 42.08 33.78 13.37
1967:Q4 45.64 42.07 34.08 13.32
1968:Q1 43.73 41.89 33.76 13.10
1968:Q2 43.66 41.87 32.97 12.96
1968:Q3 43.66 42.23 32.99 12.94
1968:Q4 44.08 42.70 32.46 13.03
1969:Q1 43.25 42.74 31.75 13.10
1969:Q2 43.43 43.49 30.46 13.22
1969:Q3 43.07 43.83 30.10 13.22
1969:Q4 43.66 44.52 30.11 13.32
1970:Q1 42.93 45.20 29.92 13.35
1970:Q2 42.53 45.94 29.71 13.45
1970:Q3 42.30 46.29 29.79 13.44
1970:Q4 42.91 47.21 30.04 13.81
1971:Q1 41.90 46.28 28.98 13.63
1971:Q2 41.96 46.75 29.34 13.74
1971:Q3 42.12 47.10 29.50 13.81
1971:Q4 42.96 47.59 29.80 14.01
1972:Q1 42.64 47.36 28.95 13.91
1972:Q2 42.65 47.44 28.29 13.77
1972:Q3 42.86 47.83 28.22 13.75
1972:Q4 42.99 48.11 28.05 13.60
1973:Q1 42.87 48.33 27.45 13.37
1973:Q2 42.76 49.00 26.85 13.23
1973:Q3 43.29 50.09 26.44 13.28
1973:Q4 43.13 49.89 25.86 13.19
1974:Q1 43.53 51.06 25.61 13.36
1974:Q2 43.41 51.67 25.20 13.24
1974:Q3 43.52 52.18 25.01 13.22
1974:Q4 43.23 52.04 24.78 13.02
1975:Q1 43.33 52.18 25.54 13.02
1975:Q2 42.88 51.54 26.67 12.87
1975:Q3 42.35 50.29 27.17 12.52
1975:Q4 42.43 49.24 27.58 12.45
1976:Q1 42.17 48.38 27.79 12.36
1976:Q2 42.55 48.47 28.52 12.49
1976:Q3 42.84 48.61 28.99 12.47
1976:Q4 43.23 48.46 28.94 12.30
1977:Q1 43.49 48.56 28.78 12.09
1977:Q2 43.68 48.29 28.24 11.99
1977:Q3 43.96 48.14 28.68 11.88
1977:Q4 44.66 48.72 28.77 11.84
1978:Q1 45.52 49.28 28.92 12.05
1978:Q2 44.90 48.07 27.92 11.79
1978:Q3 45.46 48.09 28.09 11.87
1978:Q4 45.54 47.95 27.54 11.93
1979:Q1 46.32 48.48 27.11 12.00
1979:Q2 46.75 49.01 26.77 11.95
1979:Q3 47.07 49.19 26.79 11.87
1979:Q4 47.61 49.45 26.65 11.83
1980:Q1 47.98 49.71 26.51 11.75
1980:Q2 48.33 50.31 27.43 11.90
1980:Q3 48.35 50.22 27.70 11.86
1980:Q4 47.57 49.50 27.20 11.54
1981:Q1 46.17 48.40 26.96 11.24
1981:Q2 46.64 49.62 27.22 11.25
1981:Q3 45.97 49.70 26.89 11.17
1981:Q4 46.53 50.64 27.67 11.34
1982:Q1 47.19 52.01 28.76 11.69
1982:Q2 46.95 52.50 29.02 11.82
1982:Q3 46.56 53.26 30.42 11.99
1982:Q4 46.96 53.22 31.77 12.16
1983:Q1 46.30 53.58 33.00 12.22
1983:Q2 46.17 53.08 33.73 12.30
1983:Q3 46.10 52.82 34.12 12.20
1983:Q4 46.37 52.68 33.75 12.15
1984:Q1 46.39 53.10 34.39 12.10
1984:Q2 46.64 53.94 34.66 12.14
1984:Q3 46.90 54.84 35.53 12.36
1984:Q4 47.67 56.06 36.07 12.38
1985:Q1 49.14 56.34 37.05 12.75
1985:Q2 49.89 57.03 37.91 13.22
1985:Q3 50.69 57.13 38.48 13.45
1985:Q4 52.42 58.01 39.65 15.25
1986:Q1 52.88 58.62 40.18 15.12
1986:Q2 53.60 59.76 41.49 15.75
1986:Q3 54.56 60.61 42.31 15.81
1986:Q4 55.66 61.73 43.10 16.15
1987:Q1 55.62 62.23 43.29 16.62
1987:Q2 56.32 62.26 43.72 16.68
1987:Q3 56.80 62.62 43.66 16.82
1987:Q4 56.29 62.63 43.56 16.82
1988:Q1 57.06 63.22 43.99 16.80
1988:Q2 57.18 63.32 43.88 16.66
1988:Q3 57.51 63.45 44.01 16.59
1988:Q4 57.45 63.69 43.89 16.54
1989:Q1 57.47 63.64 43.86 16.35
1989:Q2 57.76 63.77 43.73 16.20
1989:Q3 58.19 63.55 43.90 16.18
1989:Q4 58.92 64.03 44.38 16.36
1990:Q1 59.26 63.58 44.59 16.33
1990:Q2 59.43 63.23 45.00 16.26
1990:Q3 59.75 63.09 45.78 16.21
1990:Q4 60.72 63.48 47.14 16.44
1991:Q1 61.34 62.79 47.87 16.56
1991:Q2 61.34 61.85 48.33 16.57
1991:Q3 61.05 60.56 49.35 16.77
1991:Q4 61.54 59.48 50.24 17.22
1992:Q1 61.40 58.61 50.89 16.95
1992:Q2 60.96 57.52 51.44 16.75
1992:Q3 60.86 56.72 52.14 16.72
1992:Q4 60.71 55.65 52.26 16.39
1993:Q1 60.90 55.50 52.75 16.51
1993:Q2 61.08 55.35 53.48 16.61
1993:Q3 61.47 55.30 53.90 16.73
1993:Q4 61.39 54.83 53.96 16.44
1994:Q1 61.53 54.94 53.54 16.13
1994:Q2 61.49 54.63 53.53 15.59
1994:Q3 61.77 54.76 53.62 15.39
1994:Q4 62.11 54.58 53.36 14.86
1995:Q1 62.53 55.03 53.37 14.52
1995:Q2 63.13 55.59 54.32 14.21
1995:Q3 63.51 55.48 54.00 13.84
1995:Q4 63.73 55.66 53.42 13.47
1996:Q1 64.50 55.59 53.57 13.23
1996:Q2 64.31 55.42 53.28 12.92
1996:Q3 64.40 55.56 53.22 12.65
1996:Q4 64.37 55.22 52.58 12.42
1997:Q1 64.53 55.59 52.25 12.33
1997:Q2 64.32 55.73 51.60 12.20
1997:Q3 64.37 56.30 50.97 12.21
1997:Q4 64.53 56.88 50.27 12.29
1998:Q1 65.02 58.02 49.71 12.32
1998:Q2 65.65 59.34 49.45 12.38
1998:Q3 65.55 59.98 48.30 12.35
1998:Q4 65.75 60.43 47.29 12.31
1999:Q1 66.43 61.46 46.54 12.32
1999:Q2 67.12 61.83 45.97 12.22
1999:Q3 67.43 62.94 44.98 12.16
1999:Q4 67.48 62.83 44.09 11.93
2000:Q1 68.44 63.87 43.14 11.85
2000:Q2 68.05 63.99 41.13 11.51
2000:Q3 69.20 64.51 40.16 11.53
2000:Q4 69.46 64.84 39.19 11.48
2001:Q1 70.39 65.06 39.38 11.74
2001:Q2 71.26 65.47 38.03 11.78
2001:Q3 73.54 66.15 38.66 11.99
2001:Q4 74.03 66.34 38.88 12.23
2002:Q1 74.96 66.09 38.54 12.33
2002:Q2 75.63 65.81 39.13 12.53
2002:Q3 76.80 65.54 39.67 12.76
2002:Q4 78.37 65.51 40.02 13.09
2003:Q1 79.59 65.02 40.03 13.20
2003:Q2 81.78 64.40 41.00 13.43
2003:Q3 82.04 63.48 41.09 13.34
2003:Q4 82.82 62.49 41.18 13.32
2004:Q1 83.76 62.91 41.20 19.66
2004:Q2 84.88 62.53 41.95 19.83
2004:Q3 85.61 62.59 42.04 19.91
2004:Q4 86.86 62.60 41.92 19.84
2005:Q1 87.09 62.58 41.93 19.87
2005:Q2 88.53 63.05 42.15 19.97
2005:Q3 89.46 62.95 41.86 19.96
2005:Q4 90.46 63.51 41.91 19.89
2006:Q1 91.56 63.86 41.85 19.50
2006:Q2 93.12 64.70 41.95 19.55
2006:Q3 94.39 65.21 41.63 19.66
2006:Q4 95.07 66.18 41.34 19.71
2007:Q1 95.32 67.11 41.68 19.87
2007:Q2 96.22 68.41 41.24 20.01
2007:Q3 96.54 69.86 41.16 20.02
2007:Q4 96.79 71.00 41.28 20.00
2008:Q1 98.00 72.48 42.45 20.17
2008:Q2 96.62 73.09 42.57 20.08
2008:Q3 97.13 73.88 45.78 20.08
2008:Q4 96.96 75.60 50.50 20.42
2009:Q1 97.77 76.06 53.96 20.92
2009:Q2 97.93 75.65 57.38 21.28
2009:Q3 97.14 74.35 59.78 21.36
2009:Q4 95.58 71.92 60.63 21.33
2010:Q1 94.49 71.18 62.96 21.37
2010:Q2 92.74 69.71 65.39 21.11
2010:Q3 91.08 69.25 67.48 20.97
2010:Q4 89.95 67.97 68.77 21.04
2011:Q1 89.84 67.85 69.86 20.84
2011:Q2 88.32 67.51 70.70 20.42
2011:Q3 87.48 67.63 72.88 20.32
2011:Q4 86.24 67.42 73.65 20.13
2012:Q1 85.00 67.02 74.70 19.85
2012:Q2 84.07 67.15 76.42 19.81
2012:Q3 83.27 67.77 77.48 19.69
2012:Q4 82.54 68.60 78.24 19.42
2013:Q1 81.60 68.07 79.02 19.16
2013:Q2 81.29 68.72 79.27 18.97
2013:Q3 80.26 68.97 79.13 18.63
2013:Q4 80.07 68.79 79.72 18.52
2014:Q1 80.41 69.90 80.96 18.51
2014:Q2 79.24 69.67 80.43 18.08
2014:Q3 77.64 69.67 80.38 17.46
2014:Q4 77.41 70.65 80.62 17.40
2015:Q1 77.04 71.29 80.24 17.35
2015:Q2 76.73 71.98 80.45 17.17
2015:Q3 76.61 72.53 80.32 17.09
2015:Q4 76.36 73.27 82.26 17.00
2016:Q1 76.51 74.47 83.04 16.98
2016:Q2 76.35 74.52 83.50 16.91
2016:Q3 76.26 74.75 83.89 16.79
2016:Q4 75.89 74.30 83.86 16.60
2017:Q1 75.85 75.02 82.89 16.35
2017:Q2 75.93 75.68 83.28 16.20
2017:Q3 75.48 75.75 83.49 15.97
2017:Q4 75.02 75.85 82.88 15.82
2018:Q1 74.59 75.60 83.81 15.49
2018:Q2 74.19 76.85 84.27 15.31
2018:Q3 74.02 76.97 84.62 15.16
2018:Q4 74.09 77.42 85.41 14.98
2019:Q1 73.90 77.88 85.72 14.76
2019:Q2 73.72 77.56 85.45 14.50
2019:Q3 73.35 77.46 86.39 14.32
2019:Q4 73.31 77.07 86.81 14.29
2020:Q1 74.66 81.69 89.66 14.46
2020:Q2 81.26 92.44 113.50 15.90
2020:Q3 75.73 85.04 106.30 14.83
2020:Q4 75.45 83.83 107.03 14.64
2021:Q1 74.57 82.62 105.44 14.38
2021:Q2 75.25 81.47 105.09 14.05
2021:Q3 74.81 80.49 102.68 13.83
2021:Q4 73.60 79.16 102.13 13.33
2022:Q1 73.79 79.24 102.92 13.02
2022:Q2 73.43 78.80 101.96 12.77
2022:Q3 73.23 78.19 101.20 12.54
2022:Q4 72.56 77.18 100.44 12.16
2023:Q1 71.82 76.80 99.95 12.01
2023:Q2 71.60 76.28 102.03 11.97
2023:Q3 70.81 75.13 102.81 11.74
2023:Q4 70.37 74.36 104.15 11.58
2024:Q1 70.08 74.24 104.56 11.53
2024:Q2 69.63 73.94 104.77 11.55
2024:Q3 69.28 73.56 105.42 11.52
2024:Q4 68.10 72.43 106.37 11.35
2025:Q1 67.58 72.60 105.99 11.38

Chart | CSV | Data Dictionary

Nonfinancial Corporate Debt Components
Trillions of Dollars
date Corporate Bonds Nonmortgage Depository Loans Mortgages Commercial Paper Other
2000:Q1 2.22 0.88 0.43 0.26 0.81
2000:Q2 2.25 0.90 0.45 0.30 0.83
2000:Q3 2.29 0.91 0.45 0.31 0.82
2000:Q4 2.32 0.92 0.46 0.28 0.86
2001:Q1 2.42 0.90 0.43 0.24 0.86
2001:Q2 2.54 0.87 0.44 0.21 0.88
2001:Q3 2.58 0.84 0.47 0.19 0.89
2001:Q4 2.62 0.81 0.50 0.18 0.86
2002:Q1 2.66 0.80 0.50 0.16 0.86
2002:Q2 2.70 0.75 0.52 0.14 0.87
2002:Q3 2.68 0.73 0.53 0.14 0.89
2002:Q4 2.69 0.71 0.57 0.12 0.90
2003:Q1 2.70 0.68 0.58 0.12 0.89
2003:Q2 2.75 0.65 0.60 0.10 0.90
2003:Q3 2.78 0.64 0.62 0.10 0.89
2003:Q4 2.79 0.63 0.62 0.08 0.90
2004:Q1 2.80 0.59 0.66 0.09 0.94
2004:Q2 2.78 0.60 0.69 0.10 0.96
2004:Q3 2.78 0.61 0.71 0.11 0.96
2004:Q4 2.78 0.63 0.74 0.10 1.00
2005:Q1 2.78 0.63 0.76 0.11 1.03
2005:Q2 2.76 0.64 0.81 0.11 1.07
2005:Q3 2.76 0.61 0.86 0.12 1.09
2005:Q4 2.75 0.61 0.93 0.09 1.15
2006:Q1 2.76 0.62 0.96 0.10 1.18
2006:Q2 2.79 0.62 0.98 0.11 1.25
2006:Q3 2.81 0.63 1.01 0.11 1.25
2006:Q4 2.83 0.63 1.04 0.11 1.33
2007:Q1 2.86 0.63 1.04 0.13 1.40
2007:Q2 2.91 0.63 1.07 0.15 1.51
2007:Q3 2.94 0.69 1.10 0.13 1.61
2007:Q4 2.97 0.74 1.12 0.12 1.69
2008:Q1 2.99 0.78 1.14 0.14 1.72
2008:Q2 3.06 0.78 1.14 0.14 1.78
2008:Q3 3.07 0.81 1.10 0.15 1.82
2008:Q4 3.09 0.80 1.07 0.13 1.82
2009:Q1 3.19 0.74 1.07 0.11 1.76
2009:Q2 3.25 0.68 1.05 0.09 1.74
2009:Q3 3.28 0.60 1.01 0.07 1.72
2009:Q4 3.31 0.57 0.98 0.06 1.62
2010:Q1 3.35 0.52 0.96 0.07 1.59
2010:Q2 3.38 0.48 0.91 0.08 1.57
2010:Q3 3.45 0.47 0.89 0.10 1.56
2010:Q4 3.49 0.50 0.89 0.08 1.46
2011:Q1 3.53 0.51 0.85 0.11 1.46
2011:Q2 3.58 0.53 0.83 0.11 1.50
2011:Q3 3.63 0.59 0.81 0.12 1.50
2011:Q4 3.67 0.64 0.81 0.12 1.53
2012:Q1 3.75 0.64 0.77 0.13 1.51
2012:Q2 3.82 0.68 0.74 0.13 1.52
2012:Q3 3.93 0.68 0.72 0.14 1.56
2012:Q4 4.05 0.73 0.72 0.13 1.54
2013:Q1 4.10 0.70 0.70 0.14 1.57
2013:Q2 4.16 0.72 0.72 0.15 1.62
2013:Q3 4.28 0.74 0.74 0.17 1.60
2013:Q4 4.34 0.78 0.74 0.14 1.62
2014:Q1 4.42 0.79 0.73 0.18 1.65
2014:Q2 4.51 0.83 0.73 0.19 1.64
2014:Q3 4.56 0.84 0.73 0.21 1.68
2014:Q4 4.66 0.89 0.75 0.18 1.70
2015:Q1 4.77 0.91 0.76 0.19 1.73
2015:Q2 4.94 0.95 0.79 0.18 1.73
2015:Q3 5.04 0.95 0.81 0.20 1.71
2015:Q4 5.09 0.99 0.85 0.18 1.68
2016:Q1 5.23 1.02 0.84 0.18 1.71
2016:Q2 5.31 1.02 0.83 0.19 1.69
2016:Q3 5.39 1.00 0.85 0.18 1.70
2016:Q4 5.38 0.97 0.86 0.18 1.68
2017:Q1 5.51 0.95 0.83 0.20 1.76
2017:Q2 5.59 0.94 0.82 0.19 1.83
2017:Q3 5.66 0.92 0.80 0.21 1.85
2017:Q4 5.71 0.92 0.83 0.21 1.95
2018:Q1 5.78 0.93 0.84 0.24 1.95
2018:Q2 5.78 0.95 0.88 0.24 2.26
2018:Q3 5.85 0.94 0.88 0.22 2.29
2018:Q4 5.89 1.03 0.92 0.20 2.30
2019:Q1 5.99 1.06 0.94 0.24 2.35
2019:Q2 6.07 1.07 0.95 0.24 2.38
2019:Q3 6.18 1.05 1.01 0.22 2.41
2019:Q4 6.19 1.05 1.05 0.19 2.44
2020:Q1 6.39 1.52 1.06 0.24 2.53
2020:Q2 6.86 1.54 1.06 0.17 2.57
2020:Q3 6.93 1.32 1.07 0.12 2.60
2020:Q4 6.94 1.20 1.08 0.13 2.64
2021:Q1 7.08 1.21 1.07 0.14 2.69
2021:Q2 7.13 1.14 1.08 0.13 2.91
2021:Q3 7.20 1.07 1.11 0.12 3.00
2021:Q4 7.17 1.12 1.18 0.14 3.11
2022:Q1 7.22 1.15 1.21 0.19 3.23
2022:Q2 7.18 1.24 1.26 0.19 3.29
2022:Q3 7.19 1.22 1.30 0.20 3.29
2022:Q4 7.19 1.26 1.33 0.20 3.23
2023:Q1 7.35 1.27 1.35 0.21 3.22
2023:Q2 7.38 1.26 1.35 0.19 3.23
2023:Q3 7.39 1.24 1.36 0.20 3.23
2023:Q4 7.40 1.24 1.38 0.22 3.21
2024:Q1 7.51 1.26 1.39 0.23 3.23
2024:Q2 7.58 1.27 1.39 0.21 3.29
2024:Q3 7.70 1.26 1.40 0.19 3.31
2024:Q4 7.67 1.16 1.42 0.20 3.31
2025:Q1 7.78 1.15 1.42 0.24 3.36

Chart | CSV | Data Dictionary

Nonfinancial Noncorporate Debt Components
Trillions of Dollars
date Nonmortgage Depository Loans Mortgages Other
2000:Q1 0.36 1.28 0.15
2000:Q2 0.38 1.31 0.15
2000:Q3 0.39 1.35 0.15
2000:Q4 0.40 1.38 0.16
2001:Q1 0.41 1.41 0.15
2001:Q2 0.43 1.44 0.16
2001:Q3 0.44 1.47 0.15
2001:Q4 0.45 1.51 0.15
2002:Q1 0.45 1.54 0.15
2002:Q2 0.46 1.57 0.16
2002:Q3 0.46 1.60 0.16
2002:Q4 0.47 1.63 0.16
2003:Q1 0.47 1.65 0.16
2003:Q2 0.47 1.66 0.16
2003:Q3 0.48 1.68 0.16
2003:Q4 0.48 1.69 0.16
2004:Q1 0.49 1.74 0.16
2004:Q2 0.50 1.80 0.16
2004:Q3 0.51 1.86 0.16
2004:Q4 0.51 1.92 0.16
2005:Q1 0.55 1.96 0.16
2005:Q2 0.59 2.00 0.16
2005:Q3 0.63 2.05 0.16
2005:Q4 0.67 2.09 0.16
2006:Q1 0.70 2.16 0.17
2006:Q2 0.73 2.23 0.17
2006:Q3 0.76 2.31 0.17
2006:Q4 0.79 2.38 0.18
2007:Q1 0.82 2.45 0.18
2007:Q2 0.86 2.53 0.19
2007:Q3 0.89 2.61 0.19
2007:Q4 0.93 2.68 0.20
2008:Q1 0.95 2.73 0.21
2008:Q2 0.99 2.78 0.21
2008:Q3 1.02 2.82 0.21
2008:Q4 1.05 2.87 0.21
2009:Q1 1.03 2.87 0.21
2009:Q2 1.00 2.87 0.21
2009:Q3 0.97 2.87 0.20
2009:Q4 0.94 2.87 0.20
2010:Q1 0.94 2.87 0.20
2010:Q2 0.94 2.86 0.20
2010:Q3 0.93 2.86 0.21
2010:Q4 0.93 2.85 0.21
2011:Q1 0.92 2.84 0.21
2011:Q2 0.92 2.83 0.20
2011:Q3 0.91 2.82 0.19
2011:Q4 0.91 2.81 0.20
2012:Q1 0.92 2.84 0.20
2012:Q2 0.94 2.86 0.20
2012:Q3 0.96 2.88 0.20
2012:Q4 0.97 2.91 0.21
2013:Q1 0.97 2.93 0.21
2013:Q2 0.98 2.95 0.21
2013:Q3 0.99 2.96 0.21
2013:Q4 1.00 2.98 0.22
2014:Q1 1.01 3.03 0.22
2014:Q2 1.04 3.08 0.22
2014:Q3 1.06 3.12 0.22
2014:Q4 1.08 3.17 0.23
2015:Q1 1.09 3.21 0.23
2015:Q2 1.11 3.26 0.23
2015:Q3 1.13 3.30 0.23
2015:Q4 1.14 3.35 0.23
2016:Q1 1.17 3.41 0.23
2016:Q2 1.20 3.48 0.23
2016:Q3 1.23 3.55 0.23
2016:Q4 1.26 3.62 0.23
2017:Q1 1.29 3.70 0.23
2017:Q2 1.33 3.78 0.23
2017:Q3 1.36 3.86 0.23
2017:Q4 1.39 3.94 0.24
2018:Q1 1.41 4.00 0.24
2018:Q2 1.43 4.05 0.24
2018:Q3 1.45 4.10 0.24
2018:Q4 1.47 4.15 0.25
2019:Q1 1.47 4.17 0.25
2019:Q2 1.48 4.19 0.25
2019:Q3 1.48 4.22 0.25
2019:Q4 1.48 4.24 0.26
2020:Q1 1.48 4.32 0.26
2020:Q2 1.57 4.40 0.30
2020:Q3 1.58 4.47 0.33
2020:Q4 1.59 4.56 0.35
2021:Q1 1.59 4.64 0.37
2021:Q2 1.53 4.73 0.41
2021:Q3 1.49 4.81 0.42
2021:Q4 1.56 4.90 0.43
2022:Q1 1.59 4.99 0.45
2022:Q2 1.63 5.09 0.46
2022:Q3 1.67 5.16 0.46
2022:Q4 1.71 5.24 0.47
2023:Q1 1.72 5.30 0.48
2023:Q2 1.72 5.35 0.46
2023:Q3 1.70 5.39 0.47
2023:Q4 1.70 5.42 0.47
2024:Q1 1.69 5.46 0.47
2024:Q2 1.70 5.49 0.48
2024:Q3 1.70 5.53 0.48
2024:Q4 1.71 5.57 0.49
2025:Q1 1.72 5.60 0.50

Chart | CSV | Data Dictionary

 

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Last Update: June 12, 2025