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.

Households Debt in Australia increased to 112.10 percent of GDP in the fourth quarter of 2024 from 111.50 percent of GDP in the third quarter of 2024. This dataset provides - Australia Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 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.

In 2020, the estimated debt per adult in Australia was approximately 102.43 thousand U.S. dollars. This figure represents the highest estimated debt per adult in the Asia Pacific region in that year.

According to a 2024 survey in Australia, nearly ** percent of Gen Z respondents had no debt at all. The generation with the second-highest share of respondents with no debt was the Baby Boomer generation, in which nearly ** percent of respondents said they had no debt.

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

Abstract copyright UK Data Service and data collection copyright owner.

This is one dataset arising from a project whose main aims are:
1. To contribute to knowledge by engaging in a study of the relationship between Australia, New Zealand and international capital markets 1850-1950 which would focus on three key themes:
i. The history of Australia and New Zealand as borrowers and debtors.
ii. The rise and consolidation of the British 'colonial' market in the London capital market from the mid-nineteenth century to the late 1920s.
iii. The interaction between the market disciplines to which all borrowers were subject, and the opportunities and constraints created by membership of the British Empire.
The study would also evaluate recent arguments (Cain and Hopkins, 1993) about the role of the City of London in the dynamics of British imperial expansion and control with respect to two British settler societies, Australia and New Zealand.
2. To extend and revise the statistics of Australasian public debt in the period 1850-1950.
3. To create a database of Australasian overseas public loans during that period.

The projects specific objectives were to complete three stages of research:
1. The consultation of archival and printed official sources in the United Kingdom and Australia relating to Australasian borrowing activity and relations with overseas creditors during nineteenth century. These either had not been available to, or were not consulted by, earlier historians.
2. The collection of quantitative data for revised statistics of Australian and New Zealand public debt between 1850 and 1950.
3. The collection of data for a database of Australasian overseas public loans during that period.


Main Topics:

This dataset publishes new statistics of Australian colonial and state debt, and of capital raised by all Australian public borrowers (including corporation) in London, until 1914. Current historical statistics do not distinguish between stocks of debt held locally or abroad. Moreover, the time series of new capital subscribed or received in London prepared by Butlin, Simon, Hall, and others often aggregate all colonial public borrowing, have different terminal dates, and are inconsistent with each other. The new statistics remedy these deficiencies. Three types of table are presented. The first disaggregates, and where necessary corrects, the official annual statistics of stocks of outstanding debt of each Australian colony, distinguishing between the place of original sale, long and short-term securities, and gross new issues (i.e. the nominal value of all securities sold) and repayments. The second shows the stocks of long and short term debt held in Australia and the United Kingdom. These are taken principally from Statistical Registers, and include debt (e.g. stock issued by Savings Banks) omitted from the official statistics in the early years. The final type of table summarises the principal annual flows in London of capital created (including as a result of conversions and exchanges), subscribed, received, and amortized for each colonial government and for public corporations as a single group. It excludes flows arising from remittance of securities originally sold in the colonies, but includes transfers from London to colonial registers and purchases from sinking funds where they are known. The data is presented in 18 spreadsheets and are of seven separate borrowers: New South Wales (3 spreadsheets), Victoria (3), Queensland (3), South Australia (3), Tasmania (2), Western Australia (2), and public corporations (1).

Please note: this study does not include information on named individuals and would therefore not be useful for personal family history research.

In a survey conducted amongst startup founders in Australia in 2021, over ** percent of respondents indicated that they had never taken debt to fund their startup. Over one quarter of respondents had taken loans from family or friends.

In 2017, Australia ranked first in a list of countries with the highest gambling losses worldwide with losses of *** US dollars per adult. Countries in the Asia Pacific region feature prominently on the list with Hong Kong, Singapore, and New Zealand featuring in the top five.