FAQs
Mexico National Government Debt, 2005 – 2024? ›
Mexico National Government Debt data is updated monthly, available from Dec 2005 to Mar 2024. The data reached an all-time high of 960.4 USD bn in Mar 2024 and a record low of 197.7 USD bn in Dec 2005.
What was the national debt in 2005? ›The Great Recession
Spending on homeland security and the Iraq War increased and the economy stalled. Also, a large portion of the federal debt stemmed from money borrowed by the government from Social Security and Medicare. By 2005, the federal deficit was at more than $8.1 trillion.
National debt of Mexico from 2007 to 2029 (in billion U.S. dollars)
United States. The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%. The United States' government's spending exceeds its income most years, and the US has not had a budget surplus since 2001.
How much does Mexico owe in debt? ›Data are in current U.S. dollars. Mexico external debt for 2022 was $600,422,907,733, a 1.03% increase from 2021. Mexico external debt for 2021 was $594,283,679,898, a 1.39% decline from 2020. Mexico external debt for 2020 was $602,685,634,395, a 1.09% decline from 2019.
What was the national debt in 2024? ›U.S. publicly held debt 2013-2024
In April 2024, the public debt of the United States was around 34.62 trillion U.S. dollars, more than two trillion more than in July when it was around 32.6 trillion U.S. dollars.
Deficit/Surplus
The proposed budget contained an estimated deficit of $364 billion. The actual deficit for the fiscal year was $318.3 billion (2.5% of GDP).
The most immediate factor is the 50 percent drop in oil prices since late last year sharply revenues from Mexican oil exports, which are critical to the country's foreign exchange earnings, thus making it very difficult for Mexico to meet its debt obligations underlying factors stem from Mexico's huge public sector, ...
Is Mexico debt free? ›Public debt in Mexico in 2022 was 48.3% of GDP. For more public debt information, visit our dedicated page.
Which 5 countries own the most US debt? ›Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).
What countries are not in debt in 2024? ›
Only two sovereign states in the world are believed to be completely free of debt: Liechtenstein and Niue.
What is Mexico's national debt in 2024? ›What was Mexico's National Government Debt in Mar 2024? Mexico National Government Debt reached 960.4 USD bn in Mar 2024, compared with 926.6 USD bn in the previous month. See the table below for more data.
Has Mexico ever defaulted on debt? ›This occurred in August 1982 when Mexico's Finance Minister, Jesús Silva-Herzog, declared that Mexico would no longer be able to service its debt.
When Mexico could not pay its debt? ›The spark for the crisis occurred in August 1982, when Mexican Finance Minister Jesús Silva Herzog informed the Federal Reserve chairman, the US Treasury secretary, and the International Monetary Fund (IMF) managing director that Mexico would no longer be able to service its debt, which at that point totaled $80 ...
What was the federal debt in 2004? ›As of September 30, 2004 and 2003, federal debt managed by BPD totaled about $7,379 billion and $6,783 billion, respectively. At the end of fiscal year 2004, debt held by the public as a percentage of the U.S. economy is estimated at 37.5 percent, up from 33.1 percent at the end of fiscal year 2001.
What is the highest national debt in history? ›Total US federal government debt breached $30 trillion mark for the first time in history in February 2022.
What is the US national debt by year? ›| End of Fiscal Year | Debt (in Billions, Rounded) | Major Events by Presidential Term |
|---|---|---|
| 2019 | $22,719 | Trade wars |
| 2020 | $26,945 | COVID-19 and recession |
| 2021 | $28,428 | COVID-19 and American Rescue Plan Act |
| 2022 | $30,928 | Inflation Reduction Act |
The debt shrank briefly after the end of the Cold War, but by the end of FY 2008, the gross national debt had reached $10.3 trillion, about 10 times its 1980 level.