Interest on the National Debt

This data table is meant to show the waste in interest expenses on the US National Debt that the taxpayer is held accountable for per year. The rate is an average interest rate, since the rate actually changes throughout the year, and is calculated from the actual interest cost and national debt for that year. The US Treasury only keeps records from 1988 on.

* 2011 numbers are based on accumulated interest expenses from the beginning of the fiscal year, October 2010. The Interest Rate for 2011 is based on the average monthly Interest Cost of approximately $24.14B spent per month for 12 months.

Source: US Department of the Treasury

Year National Debt Annual Interest Rate Interest Cost
1988 $2,602,337,712,041.16 8.2% $214,145,028,847.73
1989 $2,857,430,960,187.32 8.4% $240,863,231,535.71
1990 $3,233,313,451,777.25 8.2% $264,852,544,615.90
1991 $3,665,303,351,697.03 7.8% $286,021,921,181.04
1992 $4,064,620,655,521.66 7.2% $292,361,073,070.74
1993 $4,411,488,883,139.38 6.6% $292,502,219,484.25
1994 $4,692,749,910,013.32 6.3% $296,277,764,246.26
1995 $4,973,982,900,709.39 6.7% $332,413,555,030.62
1996 $5,224,810,939,135.73 6.6% $343,955,076,695.15
1997 $5,413,146,011,397.34 6.6% $355,795,834,214.66
1998 $5,526,193,008,897.62 6.6% $363,823,722,920.26
1999 $5,656,270,901,615.43 6.2% $353,511,471,722.87
2000 $5,674,178,209,886.86 6.4% $361,997,734,302.36
2001 $5,807,463,412,200.06 6.2% $359,507,635,242.41
2002 $6,228,235,965,597.16 5.3% $332,536,958,599.42
2003 $6,783,231,062,743.62 4.7% $318,148,529,151.51
2004 $7,379,052,696,330.32 4.4% $321,566,323,971.29
2005 $7,932,709,661,723.50 4.5% $352,350,252,507.90
2006 $8,506,973,899,215.23 4.8% $405,872,109,315.83
2007 $9,007,653,372,262.48 4.8% $429,977,998,108.20
2008 $10,024,724,896,912.49 4.5% $451,154,049,950.63
2009 $11,909,829,003,511.75 3.2% $383,071,060,815.42
2010 $13,561,623,030,891.79 3.1% $413,954,825,362.17
2011 $14,790,340,328,557.15 3.1% $454,393,280,417.03
2012 $15,744,360,700,064.85 2.3% $359,796,008,919.49
2013 $16,747,370,534,090.62 2.5% $415,688,781,248.40
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