New debt since you arrived1
German government debt
Debt Clock
Germany, Europe, the world. By Kettner Edelmetalle
Buy goldGermany
State
German government debt1
+€6,046 per second
New debt today1
Since midnight (Berlin time)
Interest today2
Since midnight (Berlin time)
New debt 20261
Growth of the debt since the end of 2025
Debt ratio3
of GDP
Government interest 20261
€1,643 per second
Government deficit 20261
Gap in the budget
Government spending 20261
€74,073 per second
Government revenue 20261
€68,667 per second
Economic output 20264
€147,795 per second
Debt per inhabitant over time5
Start of 1999
Start of 2008
Start of 2020
Today
Debt per head in gold over time6
Start of 1999
Start of 2008
Start of 2020
Today
Citizens
Debt per inhabitant7
83.5 million inhabitants
Debt per person in work8
45.7 million employed persons
Debt per head in gold9
At today's gold price
Interest per inhabitant 20267
Since 1 January
Money
Inflation10
October 2026, estimated
Interest on overnight deposits11
Current and savings accounts
Real interest for savers12
September 2026: 0.52% minus 3.3%
Bundesbank Target2 claim11
Claim on the ECB
Europe
Euro area as a whole
Euro area government debt1
+€23,227 per second
New debt today1
Since midnight (Berlin time)
Interest today2
Since midnight (Berlin time)
New debt 20261
Growth of the debt since the end of 2025
Euro area debt ratio3
of GDP
Euro area interest 20261
€10,196 per second
Euro area deficit 20261
Gap in the budget
Debt per inhabitant in the euro area7
359.6 million inhabitants
EU government debt1
All 27 member states
Government debt of the euro countries
France7
119.1% of GDP, €52,932 per head
Italy7
139.9% of GDP, €55,248 per head
Germany7
63.4% of GDP, €35,844 per head
Spain7
101.4% of GDP, €36,061 per head
Belgium7
110.2% of GDP, €61,588 per head
Netherlands7
43.7% of GDP, €29,517 per head
Austria7
83.6% of GDP, €48,625 per head
Greece7
140.8% of GDP, €34,258 per head
Portugal7
92.5% of GDP, €25,914 per head
Finland7
90.2% of GDP, €46,768 per head
Ireland7
35.3% of GDP, €37,269 per head
Slovakia7
60.6% of GDP, €16,168 per head
Money supply
M3 money supply13
+3.5% in twelve months
New money today13
€18,940 per second
Eurosystem balance sheet14
ECB and national central banks
ECB deposit rate15
Key rate on bank deposits
Euro area inflation10
October 2026, estimated
Italy's Target2 balance11
Liability of the Banca d’Italia
World
USA
US government debt16
Converted: €36,136,811,174,368
New US debt today16
Since midnight (Berlin time)
US interest today17
Since midnight (Berlin time)
New US debt 202616
Growth of the debt since the end of 2025
US debt ratio18
of GDP
US interest 202619
US$34,200 per second
US debt per inhabitant20
342.8 million inhabitants
US debt per head in gold21
At today's gold price
US government debt over time22
Start of 1999
Start of 2008
Start of 2020
Today
World
Global government debt23
Converted: €106,516,620,959,005
Global debt ratio18
of world GDP
World economic output 202624
Converted: €114,044,704,550,071
Japan's government debt23
Converted: €7,720,778,951,980
Japan's debt ratio18
of GDP
China's government debt23
Converted: €20,295,583,284,932
China's debt ratio18
of GDP
Gold
Gold's answer
Gold price per ounce25
Updated every minute
Bundesbank gold26
107,677,000 ounces
Share of the debt covered by gold27
Covered by Bundesbank gold
Value of the Bundesbank's gold28
At today's gold price
€100 of 1999, kept in cash29
Purchasing power today
€100 of 1999 in gold30
Exchanged in January 1999
Central bank gold
US gold reserves31
261,499,000 ounces
China's central bank gold32
+106.1 tonnes in 12 months
Poland's central bank gold32
+157.5 tonnes in 12 months
- Debt, deficits and lost purchasing power
- Revenue and economic output
- Inhabitants and people in work
- Gold's answer
- Figures from the past
Stocks such as government debt carry on from the last official reference date at the pace of the last twelve months. Annual figures such as the deficit and interest add up this year's official figures and carry on in the same way from the last reference date. IMF figures for the current year are forecasts.
- Eurostat, as of 30/06/2026, extrapolated
- Eurostat, four quarters to 30/06/2026, extrapolated
- Eurostat, as of 30/06/2026
- Eurostat, as of 30/09/2026, extrapolated
- Eurostat: debt at the end of the previous year, inhabitants on 1 January; today extrapolated
- Eurostat and Kettner price data: gold price averaged over January; today live
- Eurostat, as of 30/06/2026, extrapolated; population: Eurostat, 1 January 2026
- Eurostat, as of 30/06/2026, extrapolated; employed persons: Eurostat, as of 30/09/2026
- Eurostat, as of 30/06/2026, extrapolated, live gold price; population: Eurostat, 1 January 2026
- Eurostat, as of 31/10/2026, flash estimate
- ECB, as of 30/09/2026
- Rate: ECB September 2026; inflation: Eurostat September 2026
- ECB, as of 30/09/2026, extrapolated
- ECB, as of 30/10/2026
- ECB, as of 06/11/2026
- US Treasury, as of 04/11/2026, extrapolated
- US Treasury, twelve months to 31/10/2026, extrapolated
- IMF, 2026 forecast
- US Treasury, as of 31/10/2026, extrapolated
- US Treasury, as of 04/11/2026, extrapolated; population: IMF forecast 2026
- US Treasury, as of 04/11/2026, extrapolated, live gold price; population: IMF forecast 2026
- US Treasury, first business day of the year; today extrapolated
- IMF, 2026 forecast, extrapolated, converted at the ECB rate
- IMF, 2026 forecast, extrapolated
- Kettner price data, live
- Bundesbank, as of 30/09/2026
- Bundesbank, as of 30/09/2026 and Eurostat, as of 30/06/2026, extrapolated, live gold price
- Bundesbank, as of 30/09/2026, live gold price
- Eurostat, as of 30/09/2026
- Kettner price data, live gold price
- IMF, as of 31/07/2026
- IMF, as of 30/09/2026
Gold cannot be printed.
Every euro in your account is a claim on a bank, and behind the euro stand states with trillions in debt. Gold is nobody's debt. It has been money for thousands of years, and no central bank can multiply it.
That is why central banks themselves keep buying gold: Poland 157.5 tonnes in twelve months, China 106.1 tonnes.
- Gold price in euros since early 1999
- 14.7x
- German government debt since early 1999
- 2.5x
- Bundesbank gold
- 3,349 tonnes
Sources and method
Every figure comes from official statistics and is fetched afresh every day: Eurostat, the European Central Bank, the Deutsche Bundesbank, the US Treasury and the International Monetary Fund. The gold price comes from our own price data.
Between two releases we extrapolate: a stock keeps growing from its reference date as fast as in the twelve months before. An annual figure such as the deficit adds up the official quarters of the current year and carries on from the last reference date at the pace of the last twelve months. With the next official figure the clock jumps to the new level.
New debt is the growth of the debt since 31 December, official up to the last reference date and extrapolated from there. The deficit is the gap in the budget. Debt usually rises faster, because governments also grant loans, buy stakes and build up cash reserves.
The M3 money supply grows at the pace of the transactions of the last twelve months, so a new country joining the euro does not count as newly created money.
View all data series
- Deutsche Bundesbank: BBFI3.M.N.DE.W19.S121.S1N.LE.A.FA.R.F11A._Z.XAU._Z.N
- Europäische Zentralbank: BSI.M.U2.Y.V.M30.X.1.U2.2300.Z01.E
- Europäische Zentralbank: BSI.M.U2.Y.V.M30.X.4.U2.2300.Z01.E
- Europäische Zentralbank: BSI.M.U2.Y.V.M30.X.I.U2.2300.Z01.A
- Europäische Zentralbank: EXR.D.CNY.EUR.SP00.A
- Europäische Zentralbank: EXR.D.JPY.EUR.SP00.A
- Europäische Zentralbank: EXR.D.USD.EUR.SP00.A
- Europäische Zentralbank: FM.D.U2.EUR.4F.KR.DFR.LEV
- Europäische Zentralbank: ILM.W.U2.C.T000000.Z5.Z01
- Europäische Zentralbank: MIR.M.DE.B.L21.A.R.A.2250.EUR.N
- Europäische Zentralbank: TGB.M.DE.N.A094T.U2.EUR.E
- Europäische Zentralbank: TGB.M.IT.N.A094T.U2.EUR.E
- Eurostat: demo_gind
- Eurostat: gov_10dd_edpt1
- Eurostat: gov_10q_ggdebt
- Eurostat: gov_10q_ggnfa
- Eurostat: namq_10_gdp
- Eurostat: namq_10_pe
- Eurostat: prc_hicp_minr
- Internationaler Währungsfonds: IMF.FAD:FM
- Internationaler Währungsfonds: IMF.RES:WEO
- Internationaler Währungsfonds: IMF.STA:IRFCL
- Kettner price data: gold and silver prices
- U.S. Department of the Treasury: debt-to-the-penny
- U.S. Department of the Treasury: interest-expense-debt-outstanding
Last fetched on 06/11/2026.