Economy · Household and corporate balance sheets

Nonfinancial Corporate Debt as a Percent of GDP

Name: Nonfinancial Corporate Debt as a Percent of GDP
Creator: Federal Reserve Bank of St. Louis (FRED)

Corporate debt, % of GDP: 48.21% (Q2 2026).
A year earlier: 48.61% (Q2 2025), a change of −0.40 pts.
Highest on record here: 62.22% (Q2 2020); lowest: 21.86% (Q4 1947).

Year	Average	Year close
1947	21.86%	21.86%
1948	22.40%	22.40%
1949	23.79%	23.79%
1950	22.02%	22.02%
1951	22.14%	22.14%
1952	22.44%	22.35%
1953	22.67%	23.12%
1954	23.42%	23.23%
1955	22.83%	23.16%
1956	23.91%	24.10%
1957	24.78%	25.40%
1958	25.96%	25.62%

Source: FRED BCNSDODNS (Nonfinancial Corporate Business; Debt Securities and Loans; Liability, Level); FRED GDP (Gross Domestic Product). Federal Reserve Bank of St. Louis.

Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).

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