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.

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 approximately 49.83 percent in 2024. Between 1989 and 2024, the ratio rose by around 32.81 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 0.81 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.

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 July of 2025.

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

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.

Key information about Australia National Government Debt

• Australia National Government Debt reached 650.9 USD bn in Jun 2023, compared with 673.5 USD bn in the previous year.
• Australia National Government Debt data is updated yearly, available from Jun 1999 to Jun 2023.
• 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.

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 1.1 % of its Nominal GDP in Dec 2023.
• The country's Government debt accounted for 38.1 % of its Nominal GDP in Jun 2023.
• Australia Nominal GDP reached 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.

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.

Australia Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data was reported at 37.571 % in Dec 2024. This records a decrease from the previous number of 38.691 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits, Other Account Payable data is updated quarterly, averaging 15.835 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 43.228 % in Mar 2021 and a record low of 6.101 % in Mar 1997. Australia Gross Public Debt: % of GDP: Central 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: Central Government.

Australia: Government debt as percent of GDP: The latest value from 2022 is 50.26 percent, a decline from 55.45 percent in 2021. In comparison, the world average is 59.99 percent, based on data from 174 countries. Historically, the average for Australia from 1989 to 2022 is 27.06 percent. The minimum value, 9.66 percent, was reached in 2007 while the maximum of 57 percent was recorded in 2020.

In 2024, the ratio of national debt to gross domestic product (GDP) of New Zealand was estimated at about 51.15 percent. Between 1985 and 2024, the figure dropped by approximately 12.98 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by around 3.66 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.

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.

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.

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.

This dataset provides values for GOVERNMENT DEBT TO GDP.2018 reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

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

AU: Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year data was reported at 60.301 % in Dec 2024. This records a decrease from the previous number of 60.921 % for Sep 2024. AU: Gross Public Debt: % of GDP: General Government: Long Term: Over 1 Year data is updated quarterly, averaging 34.720 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 78.797 % in Dec 2020 and a record low of 22.029 % in Mar 2009. AU: Gross Public Debt: % of GDP: General Government: Long Term: Over 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: General Government.