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NationalDebtFacts

By state

Georgia and the national debt

Georgia is home to 11.3 million people, 3.3% of the country. Divided by population, that is a $1.34 trillion share of the national debt — not a bill the state owes, but the scale of it.

Population share of the debt

$1.34 trillion

3.3% of US residents · $118,736 each

Federal tax collected / resident

$12,837

IRS, FY 2025 · US $15,547

Federal grants / resident

$850

USAspending, FY 2026 · US $974

Unemployment rate

3.3%

BLS, September 2026

What this shows

Georgia collects well below the national average in federal tax per resident and receives well below average in grants, while its household debt is close to the norm. Unemployment is the lowest of the ten states on this site.

Low federal money in and out, average private borrowing and low unemployment is what a fast-growing state with a younger population tends to look like. It is a description, not an endorsement: none of these four figures says whether the growth is paying for the infrastructure it requires.

Federal money in and out of Georgia

In fiscal year 2025 the IRS collected $145.09 billion in Georgia — $12,837 per resident, 17% below the national average. That ranks 27th highest of the 50 states and DC.

Federal grants to Georgia — Medicaid, highways, education and hundreds of smaller programs, mostly paid to the state and local governments — came to $9.60 billion in fiscal year 2026. That is $850 per resident, 13% below the national average — 35th highest of the 50 states and DC.

Total federal contract and payment obligations are not compared by state: USAspending records large Medicare payments where the claims contractor or insurer is based. In fiscal year 2025 that placed about $90 billion of health spending on North Dakota, home of a major Medicare contractor. Grants are recorded with the state and local bodies that receive them, so they are the comparable figure.

Taxes and grants are not subtracted here either: taxes are counted where they are filed, often at a company’s headquarters. For an adjusted state balance of payments, see the Rockefeller Institute of Government.

Largest sources of federal grants in Georgia

Grant obligations by awarding agency, fiscal year 2026.

Department of Transportation$2.6 billion
Department of Agriculture$1.9 billion
Department of Homeland Security$1.8 billion
Department of Education$1.6 billion
Department of Health and Human Services$856.5 million

Household debt in Georgia

Per adult with a credit record, end of 2025. Private debt, separate from the national debt.

Mortgage$40,310
Auto loans$6,490
Student loans$7,120
Credit cards$4,610
Other, incl. home equity$3,540

In total that is $62,070 per adult with a credit record, about the same as the US figure of $63,200 — 20th highest of the 50 states and DC. 13.9% of credit card balances were 90 or more days late, against 12.4% nationally.

Georgia’s economy

Georgia produced $936.09 billion of goods and services in 2025, 3.0% of US GDP. Per resident that is $82,819, 25th highest of the 50 states and DC. Measured by economic weight rather than headcount, its share of the national debt would be $1.23 trillion.

Common questions

What is Georgia's share of the national debt?

No state owes the federal debt, but divided by population Georgia's share would be $1.34 trillion, because 3.3% of US residents live there. Divided by its share of the US economy instead (3.0% of GDP in 2025), it would be $1.23 trillion. Either way the national figure per resident is $118,736.

How much federal tax is collected in Georgia?

The IRS collected $145.09 billion in federal taxes in Georgia in fiscal year 2025, about $12,837 per resident — 27th highest of the 50 states and DC. Collections are counted where tax is filed, so states with many company headquarters appear higher than their residents' own tax bills.

How much federal grant money goes to Georgia?

Federal grants to Georgia came to $9.60 billion in fiscal year 2026, or $850 per resident — 35th highest of the 50 states and DC. The largest source was the Department of Transportation. Total federal spending including contracts and Medicare payments is not compared by state, because USAspending records much of it where contractors and insurers are based.

How much household debt do people in Georgia have?

Adults with a credit record in Georgia owed $62,070 each on average at the end of 2025, about the same as the US figure of $63,200. Mortgages make up the largest part, at $40,310.

Other states

Sources

Household debt data: New York Fed Consumer Credit Panel / Equifax. © 2026 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org.

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