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.

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 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.

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 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.

Key information about Australia Household Debt: % of GDP

• Australia household debt accounted for 120.3 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 119.3 % in the previous quarter.
• Australia household debt to GDP ratio is updated quarterly, available from Jun 1988 to Jun 2025.
• The data reached an all-time high of 1,696.5 % in Dec 2023 and a record low of 72.3 % in Dec 2005.

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 2,192.2 USD bn in Jun 2025.
• Money Supply M2 in Australia increased 7.1 % YoY in Oct 2025.
• Australia Foreign Exchange Reserves was measured at 41.4 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 1.5 Months of Import in Sep 2025.
• Australia Domestic Credit reached 3,883.6 USD bn in Sep 2025, representing an increased of 3.6 % YoY.
• The country's Non Performing Loans Ratio stood at 1.2 % in Jun 2025, compared with the ratio of 1.2 % in the previous quarter.

Historical dataset showing Australia debt to gdp ratio by year from 1990 to 2022.

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.

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

Household debt to GDP, in percent in Australia, March, 2025 The most recent value is 112.7 percent as of March 2025, an increase compared to the previous value of 112.1 percent. Historically, the average for Australia from March 1999 to March 2025 is 105.4 percent. The minimum of 64.1 percent was recorded in March 1999, while the maximum of 124.4 percent was reached in September 2016. | TheGlobalEconomy.com

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.

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.

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.

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.

In 2024, the value of the lending to households in Switzerland as a share of its gross domestic product (GDP) was higher than in any of the countries selected here. Australian, Canadian, and South Korean households had an amount of credit which was higher than the overall size of their economy. That year, household lending in Argentina amounted to *** percent of its GDP, which was the lowest figure in the ranking. What is the household debt? Household debt, also known as family debt, includes loans taken to pay for the home or other property, education, vehicles, and other expenses. The largest component of this is mortgage debt, which is seen by many as a way to build long-term equity. As such, households are willing to take on a large amount of this debt with the goal of owning an asset that holds value and can be used as a residence in the meantime. The cost of debt The cost of a loan depends on a number of factors such as the interest rate, borrower’s credit risk or time period of a loan. The value of mortgage and the rate of return on assets such as real estate also depend largely on geographic location. The highest borrowers in this statistic are likely living in countries where credit is affordable and expected returns are relatively high, incentivizing heavy borrowing.

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.

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.

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.

As of June 2025, the total outstanding value of debt securities issued by the Australian government amounted to over *** 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.