In 2024, the budget balance in relation to the gross domestic product (GDP) in Australia amounted to about -2.16 percent. Between 1988 and 2024, the figure dropped by approximately 2.64 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the budget balance will rise by around 0.18 percentage points, showing an overall upward trend with periodic ups and downs.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Australia recorded a Government Budget surplus equal to 0.60 percent of the country's Gross Domestic Product in 2024. This dataset provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Government Debt: % of GDP

• Australia Government debt accounted for 38.4 % of the country's Nominal GDP in Jun 2024, compared with the ratio of 38.1 % in the previous year.
• Australia government debt to GDP ratio data is updated yearly, available from Jun 1999 to Jun 2024.
• The data reached an all-time high of 582,357.7 % in Oct 2025 and a record low of 43,390.8 % in Jul 1997.

*This indicator will be no longer available from March 2026, 4th onwards. CEIC has a plan to remove the non-standard frequency indicator after the standard frequency indicator has been added and be available on this table. 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 686.0 USD bn in Jun 2024.
• The country's Nominal GDP reached 451.4 USD bn in Jun 2025.

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.

The ratio of national debt to gross domestic product (GDP) of Australia amounted to 50.72 percent in 2024. Between 1989 and 2024, the ratio rose by 33.7 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by 1.36 percentage points from 2024 to 2030, fluctuating as it trends downward.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.

Key information about Australia Current Account Balance: % of GDP

• Australia Current Account deficit accounted for 1.9 % of the country's Nominal GDP in Jun 2025, compared with a 2.0 % deficit in the previous quarter.
• Australia Current Account Balance: % of Nominal GDP data is updated quarterly, available from Sep 1959 to Jun 2025, with an average value of -3.2 %.
• The data reached an all-time high of 3.5 % in Sep 2021 and a record low of -7.3 % in Dec 2007.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Australian Bureau of Statistics provides Current Account Balance in local currency and Nominal GDP in local currency.


Key information about Australia Current Account Balance: % of GDP

• In the latest reports of Australia, Current Account recorded a deficit of 8.8 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 11.3 USD bn in Jun 2025.
• Australia Direct Investment Abroad expanded by 1.3 USD bn in Jun 2025.
• Its Foreign Portfolio Investment increased by 7.2 USD bn in Jun 2025.
• The country's Nominal GDP was reported at 451.4 USD bn in Jun 2025.

This dataset provides values for CASH SURPLUS DEFICIT PERCENT OF GDP WB DATA.HTML. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Australia recorded a Current Account deficit of 2 percent of the country's Gross Domestic Product in 2025. This dataset provides - Australia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia External Debt: % of GDP

• Australia External Debt accounted for 113.4 % of the country's Nominal GDP in 2024, compared with the ratio of 109.4 % in the previous year.
• Australia External Debt: % of Nominal GDP data is updated yearly, available from Dec 1988 to Dec 2024.
• The data reached an all-time high of 132.7 % in Dec 2020 and a record low of 43.2 % in Dec 1988.

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


Related information about Australia External Debt: % of GDP

• In the latest reports of Australia, Current Account recorded a deficit of 8.8 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 11.3 USD bn in Jun 2025.
• Australia Direct Investment Abroad expanded by 1.3 USD bn in Jun 2025.
• Its Foreign Portfolio Investment increased by 7.2 USD bn in Jun 2025.
• The country's External Debt reached 1,967,406.7 in Jun 2025.
• The country's Nominal GDP was reported at 451.4 USD bn in Jun 2025.

Graph and download economic data for Balance of Payments: Total Net Current Account for Australia (AUSBCAGDPBP6PT) from 1990 to 2029 about current account, Australia, BOP, and Net.

This statistic shows the actual and forecasted current budget deficit in the United Kingdom (UK) from 2017/18 to 2023/24, as percentage of gross domestic product (GDP). The current budget is forecasted to reach -1.4 by 2023/24.