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 38.4 % 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.

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.

Actual value and historical data chart for Australia Central Government Debt Total Percent Of GDP

Key information about Australia National Government Debt

• Australia National Government Debt reached 686.0 USD bn in Jun 2024, compared with 650.9 USD bn in the previous year.
• Australia National Government Debt data is updated yearly, available from Jun 1999 to Jun 2024.
• The data reached an all-time high of 744.0 USD bn in Jun 2021 and a record low of 65.2 USD bn in Jun 2001.

*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 annual Government Debt as the sum of Currency & Deposits, Advances and Debt Securities and converts it into USD. The Australian Bureau of Statistics provides Government Debt in local currency based on SNA 2008. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt prior to 2009 is based on SNA 2008 GFMS 2001. Government Debt prior to 2000 is based on SNA 1993. Government Debt is in annual frequency, ending in June of each year.


Related information about Australia National Government Debt

• In the latest reports, Australia Consolidated Fiscal Balance recorded a deficit equal to 2.8 % of its Nominal GDP in Jun 2025.
• The country's Government debt accounted for 38.4 % of its Nominal GDP in Jun 2024.
• Australia Nominal GDP reached 451.4 USD bn in Jun 2025.

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

Households Debt in Australia increased to 112.70 percent of GDP in the first quarter of 2025 from 112.10 percent of GDP in the fourth 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 Total Debt: % of GDP

• Australia Total Debt accounted for 269.4 % of the country's GDP in 2025, compared with the ratio of 268.9 % in the previous quarter.
• Australia Total Debt: % of GDP data is updated quarterly, available from Jun 1988 to Jun 2025.

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.

The national debt of Australia was ************** U.S. dollars in 2024. Between 1989 and 2024, the national debt rose by ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by ************** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

This dataset provides values for GOVERNMENT 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.

In 2024, the ratio of national debt to gross domestic product (GDP) of New Zealand was 50.24 percent. Between 1985 and 2024, the figure dropped by 13.89 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by 2.76 percentage points, showing an overall upward trend with periodic ups and downs.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 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.

Private Debt to GDP in Australia increased to 70.90 percent in 2024 from 69.20 percent in 2023. Australia Private Debt to GDP - values, historical data, forecasts and news - updated on December of 2025.

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

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.

Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data was reported at 58.457 % in Dec 2024. This records a decrease from the previous number of 59.036 % for Sep 2024. Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data is updated quarterly, averaging 24.480 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 60.432 % in Mar 2021 and a record low of 12.161 % in Dec 2006. Australia Gross Public Debt: % of GDP: General Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable 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.

The national debt of Australia was about 882.83 billion U.S. dollars in 2024. Between 1989 and 2024, the national debt rose by approximately 839.72 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around 246.30 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

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.

From 2001 to 2024, Japan’s debt-to-GDP ratio has remained the highest among major economies, being consistently above *** percent since around 2010. Italy, the United States, and Canada also exhibit high ratios, with Italy nearing *** percent by 2024. In contrast, Germany, Australia, and China maintain lower ratios, generally below 100 percent, indicating comparatively lower debt levels relative to economic output. A sharp increase in debt levels was visible around 2020 across most countries, reflecting economic challenges during that period.

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.