Financial Accounts of the United States - Z.1
D.1 Debt Growth by Sector (1)
In percent; quarterly figures are seasonally adjusted annual rates| Date | Domestic nonfinancial sectors Total FG384104005 |
Domestic nonfinancial sectors Households Total FG154104005 |
Domestic nonfinancial sectors Households Home mortgage FG153165105 |
Domestic nonfinancial sectors Households Consumer credit FG153166000 |
Domestic nonfinancial sectors Business Total FG144104005 |
Domestic nonfinancial sectors Business Corporate FG104104005 |
Domestic nonfinancial sectors Federal government FG314104005 |
Domestic nonfinancial sectors State and local governments FG214104005 |
Domestic financial sectors FG794104005 |
Rest of the World FG264104005 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 6.50 | 6.82 | 8.85 | 1.87 | 3.63 | 5.39 | 10.99 | 4.42 | 8.62 | 5.06 |
| 1991 | 4.70 | 5.63 | 7.01 | -1.07 | -2.07 | -2.02 | 11.18 | 8.69 | 6.89 | 2.74 |
| 1992 | 4.62 | 5.21 | 6.49 | 1.13 | -0.31 | 0.58 | 10.92 | 1.24 | 8.17 | 4.50 |
| 1993 | 5.74 | 6.09 | 5.51 | 7.44 | 3.10 | 5.26 | 8.40 | 4.97 | 11.44 | 15.67 |
| 1994 | 5.26 | 7.54 | 5.56 | 15.23 | 5.64 | 7.41 | 5.11 | -3.99 | 13.40 | -2.99 |
| 1995 | 4.91 | 6.98 | 4.87 | 14.39 | 5.94 | 6.67 | 4.38 | -5.48 | 11.89 | 15.90 |
| 1996 | 5.29 | 7.05 | 6.18 | 9.05 | 5.70 | 5.53 | 4.60 | -1.94 | 12.90 | 14.19 |
| 1997 | 5.78 | 6.53 | 6.08 | 5.52 | 9.22 | 9.56 | 1.46 | 4.89 | 11.47 | 10.36 |
| 1998 | 7.06 | 8.03 | 8.07 | 7.22 | 12.63 | 12.34 | -0.26 | 6.14 | 18.83 | 4.93 |
| 1999 | 6.64 | 9.33 | 9.28 | 7.80 | 10.14 | 9.14 | -0.68 | 3.29 | 16.89 | 3.12 |
| 2000 | 4.71 | 8.67 | 8.64 | 11.36 | 8.79 | 7.84 | -6.30 | 1.49 | 11.44 | 7.36 |
| 2001 | 5.84 | 8.88 | 10.54 | 8.65 | 4.76 | 3.28 | 1.35 | 8.83 | 11.20 | -1.26 |
| 2002 | 6.74 | 9.84 | 13.26 | 5.56 | 2.47 | 0.35 | 6.81 | 10.86 | 8.63 | 7.51 |
| 2003 | 7.80 | 12.26 | 14.46 | 5.30 | 1.28 | 0.36 | 9.50 | 8.41 | 11.25 | 1.73 |
| 2004 | 9.15 | 11.34 | 13.49 | 5.57 | 6.27 | 4.12 | 8.31 | 11.67 | 9.06 | 7.94 |
| 2005 | 8.72 | 10.78 | 13.55 | 4.52 | 7.92 | 5.37 | 6.61 | 6.67 | 8.91 | 7.75 |
| 2006 | 8.49 | 10.60 | 11.20 | 5.18 | 9.76 | 7.44 | 3.92 | 4.51 | 10.80 | 21.16 |
| 2007 | 8.09 | 6.92 | 7.16 | 6.11 | 12.40 | 11.54 | 4.66 | 6.44 | 13.58 | 15.28 |
| 2008 | 5.94 | 0.33 | 0.85 | 1.31 | 5.82 | 4.25 | 21.44 | 1.62 | 4.26 | -10.26 |
| 2009 | 3.66 | 0.44 | 0.90 | -3.58 | -3.73 | -4.54 | 20.41 | 4.82 | -9.94 | 14.35 |
| 2010 | 4.21 | -0.90 | -1.50 | -1.10 | -0.69 | -0.82 | 18.53 | 2.94 | -4.25 | 9.44 |
| 2011 | 3.78 | 0.28 | -0.56 | 4.13 | 2.73 | 5.33 | 10.82 | -0.75 | -3.21 | 7.12 |
| 2012 | 4.71 | 0.23 | -1.09 | 5.76 | 5.81 | 6.57 | 10.12 | 0.45 | -1.33 | 8.19 |
| 2013 | 4.27 | 2.22 | -0.25 | 6.10 | 5.14 | 6.55 | 6.67 | 0.31 | 1.54 | 8.76 |
| 2014 | 3.89 | 1.09 | -0.05 | 7.09 | 7.02 | 7.14 | 5.37 | -1.86 | 2.00 | 8.77 |
| 2015 | 4.54 | 2.56 | 1.16 | 7.05 | 7.06 | 7.86 | 5.02 | 1.02 | 1.41 | -0.64 |
| 2016 | 4.37 | 3.12 | 1.97 | 6.95 | 5.06 | 3.36 | 5.56 | 1.31 | 2.61 | 1.27 |
| 2017 | 4.30 | 3.94 | 2.98 | 5.34 | 6.18 | 4.56 | 3.74 | 0.43 | 2.29 | 11.58 |
| 2018 | 4.72 | 3.20 | 2.92 | 4.51 | 4.42 | 3.94 | 7.58 | -1.34 | 1.74 | 6.52 |
| 2019 | 4.70 | 3.53 | 2.82 | 4.62 | 4.71 | 6.29 | 6.58 | -0.02 | 2.68 | 1.81 |
| 2020 | 12.41 | 3.58 | 3.85 | -0.29 | 9.44 | 9.78 | 24.06 | 3.27 | 6.21 | 2.43 |
| 2021 | 6.23 | 7.33 | 7.33 | 5.73 | 4.89 | 4.47 | 7.13 | 1.92 | 5.27 | 14.01 |
| 2022 | 5.61 | 6.29 | 6.95 | 7.66 | 5.52 | 4.27 | 6.11 | -1.19 | 9.03 | 6.08 |
| 2023 | 5.07 | 2.68 | 2.90 | 2.67 | 1.97 | 1.80 | 9.76 | 0.47 | 1.79 | 4.20 |
| 2024 | 4.72 | 3.05 | 2.83 | 1.98 | 3.05 | 3.32 | 7.28 | 2.73 | 2.93 | 7.45 |
| 2020:Q1 | 10.57 | 3.49 | 2.83 | 0.99 | 19.97 | 27.81 | 9.75 | 1.42 | 29.78 | -9.07 |
| 2020:Q2 | 26.30 | -0.48 | 2.51 | -6.62 | 15.28 | 16.21 | 62.27 | 4.02 | -11.15 | 4.59 |
| 2020:Q3 | 5.25 | 5.51 | 5.32 | 2.64 | 0.28 | -3.41 | 9.08 | 5.64 | -0.05 | 0.67 |
| 2020:Q4 | 5.73 | 5.65 | 4.53 | 1.90 | 1.31 | -2.01 | 9.88 | 1.86 | 6.78 | 13.46 |
| 2021:Q1 | 5.16 | 5.95 | 5.19 | 4.02 | 4.74 | 4.13 | 5.25 | 2.97 | 6.09 | 21.77 |
| 2021:Q2 | 6.40 | 7.55 | 7.80 | 6.99 | 2.61 | 2.56 | 9.05 | 2.95 | 5.16 | 8.12 |
| 2021:Q3 | 4.12 | 7.12 | 7.50 | 5.26 | 4.68 | 5.47 | 1.74 | 2.54 | 5.05 | 19.65 |
| 2021:Q4 | 8.59 | 7.60 | 7.72 | 5.86 | 7.06 | 5.28 | 11.81 | -0.81 | 4.15 | 4.75 |
| 2022:Q1 | 8.58 | 8.22 | 8.81 | 7.75 | 7.54 | 7.13 | 11.14 | -2.41 | 12.86 | 9.61 |
| 2022:Q2 | 5.38 | 7.36 | 8.64 | 8.70 | 6.75 | 5.97 | 3.32 | 2.23 | 6.49 | 8.39 |
| 2022:Q3 | 5.16 | 6.13 | 6.39 | 6.67 | 4.07 | 2.62 | 5.97 | 0.10 | 5.76 | 10.53 |
| 2022:Q4 | 2.89 | 2.90 | 3.30 | 6.68 | 3.30 | 1.13 | 3.53 | -4.68 | 9.90 | -3.47 |
| 2023:Q1 | 4.13 | 2.36 | 2.78 | 4.21 | 4.41 | 4.77 | 5.57 | 1.07 | 12.06 | 3.57 |
| 2023:Q2 | 5.31 | 3.01 | 2.98 | 3.32 | 1.53 | 1.40 | 10.26 | 2.07 | -6.25 | 4.91 |
| 2023:Q3 | 6.04 | 3.06 | 3.61 | 0.38 | 1.23 | 1.00 | 12.49 | -0.14 | -2.15 | 1.98 |
| 2023:Q4 | 4.42 | 2.16 | 2.11 | 2.68 | 0.64 | 0.00 | 9.39 | -1.12 | 3.68 | 6.19 |
| 2024:Q1 | 5.04 | 3.05 | 2.16 | 2.06 | 3.97 | 5.06 | 7.46 | 2.26 | 1.91 | 3.02 |
| 2024:Q2 | 3.72 | 2.83 | 3.27 | 1.06 | 3.98 | 4.90 | 3.91 | 5.83 | 0.27 | 14.90 |
| 2024:Q3 | 5.65 | 2.91 | 3.22 | 2.37 | 3.27 | 3.65 | 9.36 | 3.81 | 8.88 | 3.58 |
| 2024:Q4 | 4.17 | 3.29 | 2.53 | 2.38 | 0.85 | -0.46 | 7.65 | -1.06 | 0.57 | 8.04 |
| 2025:Q1 | 3.49 | 1.81 | 2.27 | 1.18 | 5.15 | 6.65 | 3.34 | 4.20 | 6.76 | 11.62 |
| 2025:Q2 | 2.99 | 3.80 | 3.27 | 2.79 | 3.60 | 4.03 | 1.48 | 8.18 | 6.11 | 12.91 |
NOTES
- Debt securities and loans. Data are shown on an end-of-period basis.
Last Update: September 11, 2025