State Debt Ranking Percent GDP for 2021 - Charts

Spending Analyses:

Debt, Deficit Analyses:

Numbers — Charts:

Which state has the highest state and local debt?

In 2019 it is “guesstimated” that New York State had the highest state and local debt as percent of GSP.

State Debt Ranking Percent GDP

Rank the 50 states for state and local debt.

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US State and Local Government Gross Public Debt
ranked by: percent GDP
-5yr -1yr   Fiscal Year 2021 
StateState
Debt
Local
Debt
State and
Local
Debt
 Alaska9.86%5.25%15.10% more
 Alabama3.59%10.02%13.61% more
 Arkansas5.29%8.74%14.03% more
 Arizona2.14%7.38%9.51% more
 California4.28%11.77%16.05% more
 Colorado5.12%10.87%15.98% more
 Connecticut14.06%3.95%18.01% more
 District of Columbia0.00%12.96%12.96% more
 Delaware6.62%3.88%10.50% more
 Florida1.71%9.11%10.82% more
 Georgia2.11%6.88%8.99% more
 Hawaii12.65%8.98%21.63% more
 Iowa2.94%7.34%10.28% more
 Idaho3.56%2.70%6.26% more
 Illinois6.85%10.65%17.50% more
 Indiana5.27%7.20%12.47% more
 Kansas3.50%10.98%14.48% more
 Kentucky6.48%16.38%22.85% more
 Louisiana6.57%5.26%11.83% more
 Massachusetts12.43%3.41%15.83% more
 Maryland6.90%7.37%14.27% more
 Maine7.22%4.83%12.05% more
 Michigan5.88%8.19%14.06% more
 Minnesota4.00%9.83%13.83% more
 Missouri5.34%8.51%13.85% more
 Mississippi5.86%5.69%11.55% more
 Montana4.47%5.38%9.85% more
 North Carolina2.28%4.84%7.12% more
 North Dakota4.22%10.55%14.77% more
 Nebraska1.76%9.21%10.97% more
 New Hampshire7.25%2.58%9.83% more
 New Jersey10.39%4.17%14.56% more
 New Mexico6.78%7.29%14.08% more
 Nevada1.85%12.66%14.51% more
 New York8.96%11.21%20.17% more
 Ohio4.61%7.86%12.46% more
 Oklahoma3.79%5.15%8.94% more
 Oregon5.30%10.64%15.94% more
 Pennsylvania6.30%8.92%15.22% more
 Rhode Island14.18%4.16%18.34% more
 South Carolina4.77%9.33%14.10% more
 South Dakota6.33%4.50%10.83% more
 Tennessee1.62%10.55%12.17% more
 Texas2.57%13.27%15.84% more
 All states combined5.07%8.93%14.00% more
 Utah3.12%6.70%9.82% more
 Virginia5.13%6.05%11.19% more
 Vermont9.23%3.50%12.73% more
 Washington4.46%8.87%13.33% more
 Wisconsin5.96%7.55%13.51% more
 West Virginia15.65%4.30%19.94% more
 Wyoming2.23%2.63%4.86% more
Notes: actual

Data Sources:
State GDP Information
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years

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Spending Data Sources

Spending data is from official government sources.

Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.

Detailed table of spending data sources here.
Medicare breakdown here; Medicaid breakdown here.

Federal spending data begins in 1792.

State and local spending data begins in 1820.

State and local spending data for individual states begins in 1957.

Gross Federal Debt

Debt Now:  $34,581,882,240,753.07
Debt 2/2020:$23,409,959,150,243.63

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Data Sources for 2021:

GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years

> data sources for other years
> data update schedule.

Blog

Federal Budget for FY25 Released

On March 11, 2024, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2025

Here is how headline budget estimates for the upcoming FY 2024 fiscal year have changed since the release of the FY 2024 budget a year ago in Winter 2023.

Federal Budget Changes for 2024
$ billionEstimate for 2024
in FY2024 Budget
Estimate for 2024
in FY2025 Budget
Change
Federal Outlays$6,371.8$6,940.9 +$569.1
Federal Receipts$4,802.5$5,081.6+$279.1
Federal Deficit$1,569.4$1,859.4+$290.0

You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.

Account level spending estimates through FY 2029 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.

Account level budget authority estimates through FY 2029 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024. 



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