Economy · Government debt and deficits
| Year | Average | Year close |
|---|---|---|
| 1970 | 4.14% | 5.06% |
| 1971 | 8.80% | 10.85% |
| 1972 | 11.92% | 12.13% |
| 1973 | 12.68% | 11.66% |
| 1974 | 11.74% | 11.94% |
| 1975 | 12.12% | 11.53% |
| 1976 | 11.57% | 11.95% |
| 1977 | 13.65% | 15.24% |
| 1978 | 16.34% | 16.87% |
| 1979 | 15.16% | 14.08% |
| 1980 | 13.91% | 13.94% |
| 1981 | 13.69% | 13.28% |
Source: FRED FDHBFIN (Federal Debt Held by Foreign and International Investors); FRED GFDEBTN (Federal Debt: Total Public Debt). Federal Reserve Bank of St. Louis.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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