Earlier today, I posted my unhappiness with the BEA not telling us the actual GDP in trillions. It turns out that they didn't mention it because they didn't think it was important, but I found the actual number. Go to their announcement, now do a search on "key source data and assumptions", which is hyperlinked, and click on it to download a spreadsheet called "https://www.bea.gov/sites/default/files/2025-01/gdpkeysource-4q24-adv.xlsx". Open it, and go to the Advance tab. On the line that says "Gross Domestic Product", under the column "2024Q4", it is listed as 29,700.6.
So the ratio of Debt to the Public ($28.8 trillion) divided by GDP ($29.7 trillion) is 97%. This is almost the same as one year ago with Debt to the Public of $27.0 trillion divided by GDP of $27.9 trillion to get 96.8%. The debt and GDP both went up $1.8 trillion.
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