As the U.S. national debt approaches $39 trillion, foreign investors play a key role…. though ownership is concentrated among a few countries.
Data & financial journalist covering global economics and policy
As the U.S. national debt approaches $39 trillion, foreign investors play a key role…. though ownership is concentrated among a few countries.
In 2025, the U.S. economy didn’t simply cool or rebound but changed in ways that were visible in the data itself.
A shutdown distorted inflation, tariffs reset global trade, U.S. debt buyers quietly swapped places, and food prices surged. I pick five charts that captured how policy and politics reshaped the American economy in 2025.
Foreign investors now hold more than $9 trillion in U.S. Treasurys, but growing purchases by advanced economies contrast with pullbacks by China and other emerging markets.
IMF projections show U.S. government debt climbing faster than most G7 peers, surpassing the group’s average in 2025 and reaching about 143% of GDP by 2030—second only to Japan.