Official historical series

U.S. national debt by year

Every fiscal year from 1790 to 2026, plus the exact Treasury publication on which the debt crossed each trillion-dollar mark. No interpolation, no estimates — each row is an official record with its date.

Data through Sources Historical Debt Outstanding, Debt to the PennyMethodology

1790$71.1 millionFirst recorded total
First $1 trillionFY1982192 years after the first record
FY2026 close$40.2 trillion30 September 2026
Latest confirmed$40.6 trillion9 November 2026

236 years of federal debt

U.S. national debt by fiscal year, 1790 to present (log scale)Debt rose from $71,060,509 in 1790 to $40,171,825,101,340 in fiscal 2026, with surges during the Civil War, both world wars and since 2008.

Logarithmic scale: each gridline is ten times the one below it.

  1. 1790
    Founding debt $71.1 million

    The new federal government inherited the Revolutionary War debts of the Continental Congress; under Alexander Hamilton’s 1790 funding plan it also assumed the states’ war debts.

  2. 1835
    Nearly paid off $33,733

    Under President Andrew Jackson the federal government briefly paid off almost all of its debt — the only time in U.S. history.

  3. 1866
    Civil War $2.77 billion

    Borrowing to finance the Civil War pushed the debt past $1 billion for the first time in fiscal year 1863.

  4. 1919
    World War I $27.4 billion

    Liberty Bond drives financed the war; the debt grew about 8-fold between the 1916 and 1919 records.

  5. 1946
    World War II $269 billion

    The largest war mobilization in U.S. history; debt held by the public exceeded the size of the entire economy.

  6. 1982
    First trillion $1.14 trillion

    The debt passed $1 trillion amid tax cuts, a defense buildup and back-to-back recessions.

  7. 2001
    Surplus years end $5.81 trillion

    The last of four consecutive budget surpluses (fiscal years 1998–2001); total debt still rose because of trust-fund surpluses.

  8. 2009
    Financial crisis $11.9 trillion

    Recession cut tax receipts while stimulus and stabilization spending rose.

  9. 2021
    Pandemic $28.4 trillion

    Emergency relief legislation produced the largest deficits since World War II in fiscal years 2020 and 2021.

The daily-record era, 1993–2026

U.S. national debt, calendar year-end 1993 to presentLast Treasury publication of each calendar year, from $4,535,687,054,406 in 1993 to $40,559,796,589,243.

On a linear scale from zero, the post-2008 and post-2020 accelerations are plain. Source: Debt to the Penny, last publication in each calendar year (current year: latest). Download CSV

Trillion-dollar milestones

The first Treasury publication at or above each whole trillion, and how long the debt took to add that trillion.

MilestoneFirst reachedConfirmed totalTime since previous
$40 trillion18 August 2026$40,047,425,768,4205 months
$39 trillion17 March 2026$39,016,762,910,2455 months
$38 trillion21 October 2025$38,019,813,354,70071 days
$37 trillion11 August 2025$37,004,817,625,8439 months
$36 trillion21 November 2024$36,034,994,586,982118 days
$35 trillion26 July 2024$35,001,278,179,2097 months
$34 trillion29 December 2023$34,001,493,655,565105 days
$33 trillion15 September 2023$33,044,858,730,46892 days
$32 trillion15 June 2023$32,039,244,474,2388 months
$31 trillion3 October 2022$31,123,887,781,4018 months
$30 trillion31 January 2022$30,012,386,059,23846 days
$29 trillion16 December 2021$29,206,281,597,43010 months
$28 trillion1 March 2021$28,004,376,276,9995 months
$27 trillion1 October 2020$27,026,921,935,432114 days
$26 trillion9 June 2020$26,003,751,512,34535 days
$25 trillion5 May 2020$25,057,924,023,40728 days
$24 trillion7 April 2020$24,011,523,316,6535 months
$23 trillion31 October 2019$23,008,409,564,4959 months
$22 trillion11 February 2019$22,012,840,891,68511 months
$21 trillion15 March 2018$21,031,067,004,7666 months
$20 trillion8 September 2017$20,162,176,797,90419 months
$19 trillion29 January 2016$19,012,827,698,41814 months
$18 trillion28 November 2014$18,005,549,328,56113 months
$17 trillion17 October 2013$17,075,590,107,96414 months
$16 trillion31 August 2012$16,015,769,788,21610 months
$15 trillion15 November 2011$15,033,607,255,92010 months
$14 trillion31 December 2010$14,025,215,218,7097 months
$13 trillion1 June 2010$13,050,826,460,8876 months
$12 trillion16 November 2009$12,031,299,186,2908 months
$11 trillion16 March 2009$11,033,157,578,6705 months
$10 trillion30 September 2008$10,024,724,896,91213 months
$9 trillion31 August 2007$9,005,648,561,26322 months
$8 trillion18 October 2005$8,003,897,406,91121 months
$7 trillion15 January 2004$7,001,852,607,62323 months
$6 trillion26 February 2002$6,002,734,772,40572 months
$5 trillion23 February 1996$5,017,056,630,041—

When one publication jumps past two marks at once (for example after a debt-limit suspension), both milestones share a date.

National debt by fiscal year

Treasury source
Fiscal yearRecord dateTotal debtChange
202630 September 2026$40,171,825,101,340+$2.53 trillion (+6.7%)
202530 September 2025$37,637,553,494,936+$2.17 trillion (+6.1%)
202430 September 2024$35,464,673,929,172+$2.30 trillion (+6.9%)
202330 September 2023$33,167,334,044,723+$2.24 trillion (+7.2%)
202230 September 2022$30,928,911,613,307+$2.50 trillion (+8.8%)
202130 September 2021$28,428,918,570,049+$1.48 trillion (+5.5%)
202030 September 2020$26,945,391,194,615+$4.23 trillion (+18.6%)
201930 September 2019$22,719,401,753,434+$1.20 trillion (+5.6%)
201830 September 2018$21,516,058,183,180+$1.27 trillion (+6.3%)
201730 September 2017$20,244,900,016,054+$671 billion (+3.4%)
201630 September 2016$19,573,444,713,937+$1.42 trillion (+7.8%)
201530 September 2015$18,150,617,666,484+$327 billion (+1.8%)
201430 September 2014$17,824,071,380,734+$1.09 trillion (+6.5%)
201330 September 2013$16,738,183,526,697+$672 billion (+4.2%)
201230 September 2012$16,066,241,407,386+$1.28 trillion (+8.6%)
201130 September 2011$14,790,340,328,557+$1.23 trillion (+9.1%)
201030 September 2010$13,561,623,030,892+$1.65 trillion (+13.9%)
200930 September 2009$11,909,829,003,512+$1.89 trillion (+18.8%)
200830 September 2008$10,024,724,896,912+$1.02 trillion (+11.3%)
200730 September 2007$9,007,653,372,262+$501 billion (+5.9%)
200630 September 2006$8,506,973,899,215+$574 billion (+7.2%)
200530 September 2005$7,932,709,661,724+$554 billion (+7.5%)
200430 September 2004$7,379,052,696,330+$596 billion (+8.8%)
200330 September 2003$6,783,231,062,744+$555 billion (+8.9%)
200230 September 2002$6,228,235,965,597+$421 billion (+7.2%)
200130 September 2001$5,807,463,412,200+$133 billion (+2.3%)
200030 September 2000$5,674,178,209,887+$17.9 billion (+0.3%)
199930 September 1999$5,656,270,901,615+$130 billion (+2.4%)
199830 September 1998$5,526,193,008,898+$113 billion (+2.1%)
199730 September 1997$5,413,146,011,397+$188 billion (+3.6%)
199630 September 1996$5,224,810,939,136+$251 billion (+5.0%)
199529 September 1995$4,973,982,900,709+$281 billion (+6.0%)
199430 September 1994$4,692,749,910,013+$281 billion (+6.4%)
199330 September 1993$4,411,488,883,139+$347 billion (+8.5%)
199230 September 1992$4,064,620,655,522+$399 billion (+10.9%)
199130 September 1991$3,665,303,351,697+$432 billion (+13.4%)
199028 September 1990$3,233,313,451,777+$376 billion (+13.2%)
198929 September 1989$2,857,430,960,187+$255 billion (+9.8%)
198830 September 1988$2,602,337,712,041+$252 billion (+10.7%)
198730 September 1987$2,350,276,890,953+$225 billion (+10.6%)
Show fiscal years 1790–1986
Fiscal yearRecord dateTotal debtChange
198630 September 1986$2,125,302,616,658+$302 billion (+16.6%)
198530 September 1985$1,823,103,000,000+$251 billion (+16.0%)
198430 September 1984$1,572,266,000,000+$195 billion (+14.2%)
198330 September 1983$1,377,210,000,000+$235 billion (+20.6%)
198230 September 1982$1,142,034,000,000+$144 billion (+14.4%)
198130 September 1981$997,855,000,000+$90.2 billion (+9.9%)
198030 September 1980$907,701,000,000+$81.2 billion (+9.8%)
197930 September 1979$826,519,000,000+$55.0 billion (+7.1%)
197830 September 1978$771,544,000,000+$72.7 billion (+10.4%)
197730 September 1977$698,840,000,000+$78.4 billion (+12.6%)
197630 June 1976$620,433,000,000+$87.2 billion (+16.4%)
197530 June 1975$533,189,000,000+$58.1 billion (+12.2%)
197430 June 1974$475,059,815,732+$16.9 billion (+3.7%)
197330 June 1973$458,141,605,312+$30.9 billion (+7.2%)
197230 June 1972$427,260,460,941+$29.1 billion (+7.3%)
197130 June 1971$398,129,744,456+$27.2 billion (+7.3%)
197030 June 1970$370,918,706,950+$17.2 billion (+4.9%)
196930 June 1969$353,720,253,841+$6.14 billion (+1.8%)
196830 June 1968$347,578,406,426+$21.4 billion (+6.5%)
196730 June 1967$326,220,937,795+$6.31 billion (+2.0%)
196630 June 1966$319,907,087,795+$2.63 billion (+0.8%)
196530 June 1965$317,273,898,984+$5.56 billion (+1.8%)
196430 June 1964$311,712,899,257+$5.85 billion (+1.9%)
196330 June 1963$305,859,632,996+$7.66 billion (+2.6%)
196230 June 1962$298,200,822,721+$9.23 billion (+3.2%)
196130 June 1961$288,970,938,610+$2.64 billion (+0.9%)
196030 June 1960$286,330,760,848+$1.62 billion (+0.6%)
195930 June 1959$284,705,907,078+$8.36 billion (+3.0%)
195830 June 1958$276,343,217,746+$5.82 billion (+2.1%)
195730 June 1957$270,527,171,896−$2.22 billion (−0.8%)
195630 June 1956$272,750,813,649−$1.62 billion (−0.6%)
195530 June 1955$274,374,222,803+$3.11 billion (+1.1%)
195430 June 1954$271,259,599,108+$5.19 billion (+2.0%)
195330 June 1953$266,071,061,639+$6.97 billion (+2.7%)
195230 June 1952$259,105,178,785+$3.88 billion (+1.5%)
195129 June 1951$255,221,976,815−$2.14 billion (−0.8%)
195030 June 1950$257,357,352,351+$4.59 billion (+1.8%)
194930 June 1949$252,770,359,860+$478 million (+0.2%)
194830 June 1948$252,292,246,513−$5.99 billion (−2.3%)
194730 June 1947$258,286,383,109−$11.1 billion (−4.1%)
194628 June 1946$269,422,099,173+$10.7 billion (+4.2%)
194530 June 1945$258,682,187,410+$57.7 billion (+28.7%)
194430 June 1944$201,003,387,221+$64.3 billion (+47.0%)
194330 June 1943$136,696,090,330+$64.3 billion (+88.7%)
194230 June 1942$72,422,445,116+$23.5 billion (+47.9%)
194130 June 1941$48,961,443,536+$5.99 billion (+13.9%)
194029 June 1940$42,967,531,038+$2.53 billion (+6.3%)
193930 June 1939$40,439,532,411+$3.27 billion (+8.8%)
193830 June 1938$37,164,740,315+$740 million (+2.0%)
193730 June 1937$36,424,613,732+$2.65 billion (+7.8%)
193630 June 1936$33,778,543,494+$5.08 billion (+17.7%)
193529 June 1935$28,700,892,625+$1.65 billion (+6.1%)
193430 June 1934$27,053,141,414+$4.51 billion (+20.0%)
193330 June 1933$22,538,672,560+$3.05 billion (+15.7%)
193230 June 1932$19,487,002,444+$2.69 billion (+16.0%)
193130 June 1931$16,801,281,492+$616 million (+3.8%)
193030 June 1930$16,185,309,831−$746 million (−4.4%)
192929 June 1929$16,931,088,484−$673 million (−3.8%)
192830 June 1928$17,604,293,201−$908 million (−4.9%)
192730 June 1927$18,511,906,932−$1.13 billion (−5.8%)
192630 June 1926$19,643,216,315−$873 million (−4.3%)
192530 June 1925$20,516,193,888−$735 million (−3.5%)
192430 June 1924$21,250,812,989−$1.10 billion (−4.9%)
192330 June 1923$22,349,707,365−$614 million (−2.7%)
192230 June 1922$22,963,381,708−$1.01 billion (−4.2%)
192130 June 1921$23,977,450,553−$1.98 billion (−7.6%)
19201 July 1920$25,952,456,406−$1.44 billion (−5.3%)
19191 July 1919$27,390,970,113+$12.8 billion (+87.7%)
19181 July 1918$14,592,161,414+$8.87 billion (+155.2%)
19171 July 1917$5,717,770,280+$2.11 billion (+58.4%)
19161 July 1916$3,609,244,262+$551 million (+18.0%)
19151 July 1915$3,058,136,873+$146 million (+5.0%)
19141 July 1914$2,912,499,269−$3.71 million (−0.1%)
19131 July 1913$2,916,204,914+$47.8 million (+1.7%)
19121 July 1912$2,868,373,874+$103 million (+3.7%)
19111 July 1911$2,765,600,607+$113 million (+4.3%)
19101 July 1910$2,652,665,838+$13.1 million (+0.5%)
19091 July 1909$2,639,546,241+$12.7 million (+0.5%)
19081 July 1908$2,626,806,272+$170 million (+6.9%)
19071 July 1907$2,457,188,062+$120 million (+5.1%)
19061 July 1906$2,337,161,839+$62.5 million (+2.7%)
19051 July 1905$2,274,615,064+$10.6 million (+0.5%)
19041 July 1904$2,264,003,585+$61.5 million (+2.8%)
19031 July 1903$2,202,464,782+$43.9 million (+2.0%)
19021 July 1902$2,158,610,446+$15.3 million (+0.7%)
19011 July 1901$2,143,326,934+$6.37 million (+0.3%)
19001 July 1900$2,136,961,092+$145 million (+7.3%)
18991 July 1899$1,991,927,307+$195 million (+10.9%)
18981 July 1898$1,796,531,996−$21.1 million (−1.2%)
18971 July 1897$1,817,672,666+$47.8 million (+2.7%)
18961 July 1896$1,769,840,323+$93.7 million (+5.6%)
18951 July 1895$1,676,120,983+$43.9 million (+2.7%)
18941 July 1894$1,632,253,637+$86.3 million (+5.6%)
18931 July 1893$1,545,985,686−$42.5 million (−2.7%)
18921 July 1892$1,588,464,145+$42.5 million (+2.7%)
18911 July 1891$1,545,996,592−$6.14 million (−0.4%)
18901 July 1890$1,552,140,205−$66.9 million (−4.1%)
18891 July 1889$1,619,052,922−$73.8 million (−4.4%)
18881 July 1888$1,692,858,985+$35.3 million (+2.1%)
18871 July 1887$1,657,602,593−$117 million (−6.6%)
18861 July 1886$1,775,063,014−$88.9 million (−4.8%)
18851 July 1885$1,863,964,873+$33.4 million (+1.8%)
18841 July 1884$1,830,528,924−$53.6 million (−2.8%)
18831 July 1883$1,884,171,728−$34.1 million (−1.8%)
18821 July 1882$1,918,312,994−$151 million (−7.3%)
18811 July 1881$2,069,013,570−$51.4 million (−2.4%)
18801 July 1880$2,120,415,371−$229 million (−9.8%)
18791 July 1879$2,349,567,482+$93.4 million (+4.1%)
18781 July 1878$2,256,205,893+$50.9 million (+2.3%)
18771 July 1877$2,205,301,392+$24.9 million (+1.1%)
18761 July 1876$2,180,395,067−$51.9 million (−2.3%)
18751 July 1875$2,232,284,532−$19.4 million (−0.9%)
18741 July 1874$2,251,690,468+$17.2 million (+0.8%)
18731 July 1873$2,234,482,993−$18.8 million (−0.8%)
18721 July 1872$2,253,251,329−$100.0 million (−4.2%)
18711 July 1871$2,353,211,332−$127 million (−5.1%)
18701 July 1870$2,480,672,428−$108 million (−4.2%)
18691 July 1869$2,588,452,214−$23.2 million (−0.9%)
18681 July 1868$2,611,687,851−$66.4 million (−2.5%)
18671 July 1867$2,678,126,104−$95.1 million (−3.4%)
18661 July 1866$2,773,236,174+$92.6 million (+3.5%)
18651 July 1865$2,680,647,870+$865 million (+47.6%)
18641 July 1864$1,815,784,371+$696 million (+62.2%)
18631 July 1863$1,119,772,139+$596 million (+113.6%)
18621 July 1862$524,176,412+$434 million (+478.7%)
18611 July 1861$90,580,874+$25.7 million (+39.7%)
18601 July 1860$64,842,288+$6.35 million (+10.8%)
18591 July 1859$58,496,838+$13.6 million (+30.2%)
18581 July 1858$44,911,881+$16.2 million (+56.5%)
18571 July 1857$28,699,832−$3.27 million (−10.2%)
18561 July 1856$31,972,538−$3.61 million (−10.2%)
18551 July 1855$35,586,957−$6.66 million (−15.8%)
18541 July 1854$42,242,222−$17.6 million (−29.4%)
18531 July 1853$59,803,118−$6.40 million (−9.7%)
18521 July 1852$66,199,342−$2.11 million (−3.1%)
18511 July 1851$68,304,796+$4.85 million (+7.6%)
18501 July 1850$63,452,774+$390,915 (+0.6%)
18491 July 1849$63,061,859+$16.0 million (+34.0%)
18481 July 1848$47,044,862+$8.22 million (+21.2%)
18471 July 1847$38,826,535+$23.3 million (+149.7%)
18461 July 1846$15,550,203−$375,100 (−2.4%)
18451 July 1845$15,925,303−$7.54 million (−32.1%)
18441 July 1844$23,461,653−$9.28 million (−28.3%)
18431 July 1843$32,742,922+$12.5 million (+62.1%)
18431 January 1843$20,201,226+$6.61 million (+48.6%)
18421 January 1842$13,594,481+$8.34 million (+158.9%)
18411 January 1841$5,250,876+$1.68 million (+46.9%)
18401 January 1840$3,573,344−$6.86 million (−65.8%)
18391 January 1839$10,434,221+$7.13 million (+215.4%)
18381 January 1838$3,308,124+$2.97 million (+881.8%)
18371 January 1837$336,958+$299,445 (+798.2%)
18361 January 1836$37,513+$3,780 (+11.2%)
18351 January 1835$33,733−$4.73 million (−99.3%)
18341 January 1834$4,760,082−$2.24 million (−32.0%)
18331 January 1833$7,001,699−$17.3 million (−71.2%)
18321 January 1832$24,322,235−$14.8 million (−37.8%)
18311 January 1831$39,123,192−$9.44 million (−19.4%)
18301 January 1830$48,565,407−$9.86 million (−16.9%)
18291 January 1829$58,421,414−$9.05 million (−13.4%)
18281 January 1828$67,475,044−$6.51 million (−8.8%)
18271 January 1827$73,987,357−$7.07 million (−8.7%)
18261 January 1826$81,054,060−$2.73 million (−3.3%)
18251 January 1825$83,788,433−$6.48 million (−7.2%)
18241 January 1824$90,269,778−$606,100 (−0.7%)
18231 January 1823$90,875,877−$2.67 million (−2.9%)
18221 January 1822$93,546,677+$3.56 million (+4.0%)
18211 January 1821$89,987,428−$1.03 million (−1.1%)
18201 January 1820$91,015,566−$4.51 million (−4.7%)
18191 January 1819$95,529,648−$7.94 million (−7.7%)
18181 January 1818$103,466,634−$20.0 million (−16.2%)
18171 January 1817$123,491,965−$3.84 million (−3.0%)
18161 January 1816$127,334,934+$27.5 million (+27.5%)
18151 January 1815$99,833,660+$18.3 million (+22.5%)
18141 January 1814$81,487,846+$25.5 million (+45.6%)
18131 January 1813$55,962,828+$10.8 million (+23.8%)
18121 January 1812$45,209,738−$2.80 million (−5.8%)
18111 January 1811$48,005,588−$5.17 million (−9.7%)
18101 January 1810$53,173,218−$3.85 million (−6.8%)
18091 January 1809$57,023,192−$8.17 million (−12.5%)
18081 January 1808$65,196,318−$4.02 million (−5.8%)
18071 January 1807$69,218,399−$6.50 million (−8.6%)
18061 January 1806$75,723,271−$6.59 million (−8.0%)
18051 January 1805$82,312,151−$4.11 million (−4.8%)
18041 January 1804$86,427,121+$9.37 million (+12.2%)
18031 January 1803$77,054,686−$3.66 million (−4.5%)
18021 January 1802$80,712,632−$2.33 million (−2.8%)
18011 January 1801$83,038,051+$61,756 (+0.1%)
18001 January 1800$82,976,294+$4.57 million (+5.8%)
17991 January 1799$78,408,670−$819,859 (−1.0%)
17981 January 1798$79,228,529−$2.84 million (−3.5%)
17971 January 1797$82,064,479−$1.70 million (−2.0%)
17961 January 1796$83,762,172+$3.01 million (+3.7%)
17951 January 1795$80,747,587+$2.32 million (+3.0%)
17941 January 1794$78,427,405−$1.93 million (−2.4%)
17931 January 1793$80,358,634+$3.13 million (+4.1%)
17921 January 1792$77,227,925+$1.76 million (+2.3%)
17911 January 1791$75,463,477+$4.40 million (+6.2%)
17901 January 1790$71,060,509—

How to read the history

National debt is a stock: the accumulated amount outstanding on a date. A federal deficit is a flow: the gap between spending and revenue during a period. They are related, but trust-fund borrowing and cash management mean annual deficits do not map one-for-one onto debt changes — see the deficit page for a year-by-year comparison.

Nominal totals also exaggerate early growth and understate the scale of past war debts. Relative to the economy, gross debt peaked at 118.2% of GDP in fiscal 1946 and stood at 124.1% in fiscal 2025; on the narrower held-by-the-public measure, the post-war record is still higher than today. See debt-to-GDP since 1930.

Attribution caution: placing debt changes under presidential terms is useful chronology, not proof of sole responsibility. Congress authorizes spending and taxes, and major policies persist across administrations. See debt by president.

History questions

How much was the national debt in 1790?

The first figure in the Treasury’s historical series is $71,060,509 (1 January 1790), mostly inherited Revolutionary War debt.

When did the national debt reach $1 trillion?

The debt first ended a fiscal year above $1 trillion in fiscal year 1982, at $1.14 trillion. It took 192 years to reach that level; it now rises by about $1 trillion every 97 days at the recent pace.

Has the United States ever paid off its debt?

Almost. In fiscal year 1835 the recorded debt fell to $33,733 under President Andrew Jackson. It rose again after the Panic of 1837.

Are these values adjusted for inflation?

No. They are nominal dollar totals exactly as published. For a scale-adjusted comparison, see debt-to-GDP; inflation-adjusted comparisons answer a different question and should be labelled separately.

Why are some early dates not 30 September?

The Treasury’s historical series records early totals at the start of a year (1 January through 1843, then 1 July), and later totals at the end of each fiscal year (30 June until 1976, 30 September since 1977, when the fiscal year changed). The table shows each record’s actual date.

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