Australia recorded a Government Debt to GDP of 43.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Government Debt: % of GDP

• Australia Government debt accounted for 38.0 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 41.9 % in the previous year.
• Australia government debt to GDP ratio data is updated yearly, available from Jun 1999 to Jun 2023.
• The data reached an all-time high of 47.6 % in Jun 2021 and a record low of 9.6 % in Jun 2007.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. Government Debt is calculated as the sum of General Government Currency & Deposits, Advances and Debt Securities. The Australian Bureau of Statistics provides Government Debt in local currency based on SNA 2008 and Nominal GDP in local currency. Government Debt prior to 2009 is based on SNA 2008 GFMS 2001. Government Debt prior to 2000 is based on SNA 1993. Government Debt as % of Nominal GDP is in annual frequency, ending in June of each year..


Related information about Australia Government Debt: % of GDP

• In the latest reports, Australia National Government Debt reached 650.9 USD bn in Jun 2023.
• The country's Nominal GDP reached 440.1 USD bn in Mar 2023.

This statistic shows the ratio of national debt to gross domestic product (GDP) of Australia which lies at approximately 50.94 percent in 2025.Fluctuating rise between 1989 and 2025A total increase by approximately 33.92 percentage points can be seen between 1989 and 2025. This increase however did not happen continuously.Continuous decline between 2025 and 2030In 2030 the ratio will stand at around 49.02 percent, according to forecasts. There is an overall decrease by approximately 1.92 percentage points since 2025. This decrease reflects a consistent falling trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Australia debt to gdp ratio for 2022 was 57.97%, a 11.93% decline from 2021.

<ul style='margin-top:20px;'>

<li>Australia debt to gdp ratio for 2021 was <strong>69.91%</strong>, a <strong>0.69% increase</strong> from 2020.</li>
<li>Australia debt to gdp ratio for 2020 was <strong>69.22%</strong>, a <strong>9.08% increase</strong> from 2019.</li>
<li>Australia debt to gdp ratio for 2019 was <strong>60.14%</strong>, a <strong>5.71% increase</strong> from 2018.</li>
</ul>Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Key information about Australia Total Debt: % of GDP

• Australia Total Debt accounted for 263.7 % of the country's GDP in 2024, compared with the ratio of 261.5 % in the previous quarter.
• Australia Total Debt: % of GDP data is updated quarterly, available from Jun 1988 to Sep 2024.
• The data reached an all-time high of 308.4 % in Sep 2020 and a record low of 177.5 % in Dec 1989.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as the Total Liabilities of public and private non-financial corporations, general governments, state and local governments and households, less equity (listed and unlisted) and derivatives held by the respective sectors. Australian Bureau of Statistics provides Total Debt in local currency and Nominal GDP in local currency.

Households Debt in Australia remained unchanged at 111.50 percent of GDP in the third quarter of 2024 from 111.50 percent of GDP in the second quarter of 2024. This dataset provides - Australia Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Household Debt to GDP for Australia (HDTGPDAUQ163N) from Q4 2005 to Q4 2024 about Australia, debt, households, and GDP.

Central government debt, total (% of GDP) in Australia was reported at 58.05 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Australia Household Debt: % of GDP

• Australia household debt accounted for 116.6 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 118.0 % in the previous quarter.
• Australia household debt to GDP ratio is updated quarterly, available from Jun 1988 to Mar 2023.
• The data reached an all-time high of 129.4 % in Sep 2016 and a record low of 44.2 % in Sep 1988.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Australian Bureau of Statistics provides Household Debt in local currency and Nominal GDP in local currency.


Related information about Australia Household Debt: % of GDP

• In the latest reports, Australia Household Debt reached 1,957.6 USD bn in Mar 2023.
• Money Supply M2 in Australia increased 4.1 % YoY in Jun 2023.
• Australia Foreign Exchange Reserves was measured at 37.1 USD bn in Jun 2023.
• The Foreign Exchange Reserves equaled 1.5 Months of Import in May 2023.
• Australia Domestic Credit reached 3,627.0 USD bn in May 2023, representing an increased of 1.9 % YoY.
• The country's Non Performing Loans Ratio stood at 0.8 % in Mar 2023, compared with the ratio of 0.8 % in the previous quarter.

Key information about Australia External Debt: Short Term: % of GDP

• Australia External Debt: Short Term accounted for 27.1 % of the country's Nominal GDP in 2024, compared with the ratio of 22.6 % in the previous year.
• Australia External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 1988 to 2024.
• The data reached an all-time high of 29.1 % in 2015 and a record low of 10.6 % in 1988.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and quarterly Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for General Government, Monetary Authorities, Depository Corporations, Financial Corporations and Other Sectors. The Australian Bureau of Statistics provides Short Term External Debt in local currency and Nominal GDP in local currency.


Related information about Australia External Debt: Short Term: % of GDP

• In the latest reports of Australia, Current Account recorded a deficit of 8.2 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 12.1 USD bn in Dec 2024.
• Australia Direct Investment Abroad expanded by 12.1 USD bn in Dec 2024.
• Its Foreign Portfolio Investment increased by 37.2 USD bn in Dec 2024.
• Australia External Debt: Short Term value stood at 456.6 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 440.1 USD bn in Mar 2023.

Graph and download economic data for General government gross debt for Australia (GGGDTAAUA188N) from 1989 to 2024 about Australia, gross, debt, and government.

Private Debt to GDP in Australia decreased to 181.07 percent in 2023 from 181.52 percent in 2022. Australia Private Debt to GDP - values, historical data, forecasts and news - updated on June of 2025.

Key information about Australia Private Debt: % of Nominal GDP

• Australia Private Debt accounted for 126.28 % of its Nominal GDP in Dec 2024, compared with a ratio of 125.31 % in the previous quarter
• Australia Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1990 to Dec 2024, with an average share of 109.83 %
• The data reached an all-time high of 139.33 % in Dec 2016 and a record low of 56.65 % in Mar 1990

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Lending to Personal and Non Financial Sector. The Reserve Bank of Australia provides Private Debt in local currency. The Australian Bureau of Statistics provides Nominal GDP in local currency. Private Debt prior to Q2 2003 excludes Financial Businesses.

Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data was reported at 51.595 % in Dec 2024. This records a decrease from the previous number of 52.039 % for Sep 2024. Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data is updated quarterly, averaging 20.123 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 55.477 % in Mar 2021 and a record low of 8.851 % in Mar 2007. Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, Currency and Deposits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.QPSD: Gross Public Debt: % of GDP: General Government.

Australia Gross Public Debt: % of GDP: Central Government: Debt Securities and Loans data was reported at 33.661 % in Dec 2024. This records a decrease from the previous number of 34.654 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Debt Securities and Loans data is updated quarterly, averaging 12.682 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 40.913 % in Mar 2021 and a record low of 2.755 % in Jun 1998. Australia Gross Public Debt: % of GDP: Central Government: Debt Securities and Loans data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.

Graph and download economic data for Outstanding Domestic Public Debt Securities to GDP for Australia (DDDM04AUA156NWDB) from 1988 to 2020 about public, Australia, debt, securities, domestic, and GDP.

Graph and download economic data for Outstanding International Public Debt Securities to GDP for Australia (DDDM06AUA156NWDB) from 1980 to 2020 about public, Australia, debt, securities, and GDP.

This dataset provides values for GOVERNMENT DEBT TO GDP AND reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

International debt issues to GDP (%) in Australia was reported at 46.52 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - International debt issues to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Australia Gross Public Debt: % of GDP: Central Government: Long Term: Up to 1 Year data was reported at 3.113 % in Dec 2024. This records a decrease from the previous number of 3.294 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Up to 1 Year data is updated quarterly, averaging 0.873 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 3.667 % in Jun 2022 and a record low of 0.000 % in Dec 1998. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Up to 1 Year data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.QPSD: Gross Public Debt: % of GDP: Central Government.