Government Debt in Australia increased to 541402 AUD Million in January from 522524 AUD Million in December of 2024. This dataset provides - Australia Government Net Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) in Australia was forecast to continuously decrease between 2024 and 2029 by in total 3.4 percentage points. After the fourth consecutive decreasing year, the ratio is estimated to reach 45.98 percent and therefore a new minimum in 2029. This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, 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. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Marshall Islands, New Zealand, and Vanuatu.

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.

The national debt in Australia was forecast to continuously increase between 2024 and 2029 by in total 150.2 billion U.S. dollars (+16.73 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 1 trillion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.As defined by the International Monetary Fund, 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.Find more key insights for the national debt in countries like Papua New Guinea, Kiribati, and Micronesia (Federated States of).

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.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for Australia (DDDM05AUA156NWDB) from 1980 to 2020 about Australia, debt, securities, private, and GDP.

The outstanding value of Australia's general government debt securities has shown an upward trend from 2000 to the first quarter of 2024, rising from approximately 45 billion U.S. dollars in 2000 to over 600 billion U.S. dollars in early 2024. The largest increase occurred between 2019 and 2020, when in the aftermath of the COVID-19 pandemic government debt securities outstanding in Australia reached over 700 billion U.S. dollars, followed by some fluctuations.

Key information about Australia External Debt

• Australia External Debt reached 1,892.2 USD bn in Dec 2024, compared with 1,949.0 USD bn in the previous quarter.
• Australia External Debt: USD mn data is updated quarterly, available from Sep 1988 to Dec 2024.
• The data reached an all-time high of 2,021.4 USD bn in Dec 2020 and a record low of 115.3 USD bn in Sep 1988.

CEIC converts quarterly External Debt into USD. The Australian Bureau of Statistics provides External Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about Australia External Debt

• 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.
• The country's Nominal GDP was reported at 440.1 USD bn in Mar 2023.

Частный долг к ВВП в Австралии снизился до 181,07 процента в 2023 году с 181,52 процента в 2022 году. Текущие значения, предыдущие значения, прогнозы, графики и экономический календарь - Австралия - Частного долга к ВВП.

According to a 2024 survey in Australia, nearly 47 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 45 percent of respondents said they had no debt.

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

• Australia debt to gdp ratio for 2021 was 69.91%, a 0.69% increase from 2020.
• Australia debt to gdp ratio for 2020 was 69.22%, a 9.08% increase from 2019.
• Australia debt to gdp ratio for 2019 was 60.14%, a 5.71% increase from 2018.

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.

According to a 2024 survey on buy now pay later (BNPL) services, the average amount of debt BNPL users carried in Australia as of July 2024 stood at approximately 867 Australian dollars. The BNPL debts in Australia peaked in January 2022, when users had an average BNPL debt amount of 1.78 thousand Australian dollars.

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.

Key information about Australia Household Debt

• Australia Household Debt reached 2,206.9 USD bn in Sep 2024, compared with the reported number of 2,108.4 USD bn in the previous quarter
• Australia Household Debt: USD mn data is updated quarterly, available from Jun 1988 to Sep 2024
• The data reached an all-time high of 2,206.9 USD bn in Sep 2024 and a record low of 114.4 USD bn in Jun 1988

CEIC converts quarterly Household Debt into USD. The Australian Bureau of Statistics provides Household Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Further information about Australia Household Debt

• In the latest reports, Australia Household Debt accounted for 116.6 % of the country's Nominal GDP in Mar 2023
• Money Supply M2 in Australia increased 2,036.7 USD bn YoY in Oct 2024
• Australia Foreign Exchange Reserves was measured at 39.3 USD bn in Nov 2024
• The Foreign Exchange Reserves equaled 1.5 Months of Import in May 2023
• Australia Domestic Credit reached 3,928.5 USD bn in Sep 2024, representing an drop of 1.1 % YoY

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.

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.

This dataset provides values for HOUSEHOLDS 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.

As of the end of March 2024, the net foreign debt liability position in Australia amounted to about 1.24 trillion Australian dollars. This was an increase in the value of net foreign debt liability position in the country compared to September 2023, when the value was approximately 1.17 trillion Australian dollars.

As of June 2024, the total outstanding value of debt securities issued by the Australian government amounted to almost 907 billion Australian dollars. While a seemingly large amount - and a figure that has grown more than 20-fold since 2003 - when considered in terms of the ratio between debt and GDP Australia actually has one of the lowest debt levels of any developed country in the world.