Net incurrence of liabilities, Transactions in United States of America
United States of America: Net incurrence of liabilities, Transactions was 2.63 trillion in 2025. ◆ Volatile
Net incurrence of liabilities, Transactions in United States of America, 2001–2025
Source: International Monetary Fund.
Analysis
In 2025, net incurrence of liabilities, transactions in United States of America stood at 2.63 trillion.
Compared with earlier readings it is up 9.2% on the previous year and up 160.8% over ten years.
Over the whole period, net incurrence of liabilities, transactions in United States of America peaked at 5.21 trillion in 2020 and was at its lowest, 288.81 billion, in 2001.
United States of America ranks 4th of 33 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, Transactions in United States of America, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 288.81 billion | — |
| 2002 | 631.12 billion | +118.5% |
| 2003 | 962.22 billion | +52.5% |
| 2004 | 725.76 billion | -24.6% |
| 2005 | 854.53 billion | +17.7% |
| 2006 | 619.28 billion | -27.5% |
| 2007 | 747.52 billion | +20.7% |
| 2008 | 1.65 trillion | +120.9% |
| 2009 | 2.05 trillion | +23.9% |
| 2010 | 2.10 trillion | +2.5% |
| 2011 | 1.54 trillion | -26.4% |
| 2012 | 1.47 trillion | -4.5% |
| 2013 | 1.18 trillion | -19.8% |
| 2014 | 977.07 billion | -17.4% |
| 2015 | 1.01 trillion | +3.2% |
| 2016 | 1.21 trillion | +19.7% |
| 2017 | 851.80 billion | -29.5% |
| 2018 | 1.50 trillion | +76.6% |
| 2019 | 1.50 trillion | -0.3% |
| 2020 | 5.21 trillion | +247.2% |
| 2021 | 1.38 trillion | -73.4% |
| 2022 | 1.38 trillion | +0.0% |
| 2023 | 2.85 trillion | +106.0% |
| 2024 | 2.41 trillion | -15.6% |
| 2025 | 2.63 trillion | +9.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 947.47 billion | 288.81 billion | 2.05 trillion | 9 |
| 2010s | 1.33 trillion | 851.80 billion | 2.10 trillion | 10 |
| 2020s | 2.64 trillion | 1.38 trillion | 5.21 trillion | 6 |
Countries ranked near United States of America
More external debt data for United States of America
- Other investment, Debt instruments 6.50 trillion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 16.14 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 2.69 trillion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 19,013 US dollar per person (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 0.2112 US dollar per US$ of GDP (2025)
- Liabilities, International Liquidity, Liabilities to Nonresidents 3.53 trillion (2025)
- Net lending (+) / net borrowing (-), General government, Percent of -7.59 (2030)
- Other investment, Debt instruments, Deposit taking corporations 15.06 % change on previous year (2025)
- Primary net lending (+) / net borrowing (-), General government -3.44 (2030)
- Other investment, Debt instruments, Deposit taking corporations 7,875 US dollar per person (2025)
Frequently asked questions
- What is net incurrence of liabilities, transactions in United States of America?
- Net incurrence of liabilities, transactions in United States of America was 2.63 trillion in 2025, according to International Monetary Fund.
- What is the highest net incurrence of liabilities, transactions recorded in United States of America?
- The highest recorded value was 5.21 trillion in 2020.
- What is the lowest net incurrence of liabilities, transactions recorded in United States of America?
- The lowest recorded value was 288.81 billion in 2001.
- How does United States of America rank for net incurrence of liabilities, transactions?
- United States of America ranks 4th out of 33 countries with data for 2025.
- Is net incurrence of liabilities, transactions rising or falling in United States of America?
- Over the last ten years it is up 160.8%. The long-run trend across the full record is volatile.
- Where does this United States of America data come from?
- The figures come from International Monetary Fund, published as part of Net incurrence of liabilities, Transactions (Statement of operations, General government). Statizoid updates them automatically from the source API.
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About this data
The Government Finance Statistics (GFS) includes government revenues and expenditures, government net lending / net borrowing (the surplus / deficit) financing transactions and balance sheet data on government assets and liabilities. Statistics are available for different levels of government including budgetary central government, central government and general government.