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.

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 August of 2025.

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.

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.

Central government debt, total (current LCU) in Australia was reported at 1352679000000 LCU in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Central government debt, total (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Australia Gross Public Debt: % of GDP: Central Government: Short Term data was reported at 3.498 % in Sep 2022. This records a decrease from the previous number of 3.505 % for Jun 2022. Australia Gross Public Debt: % of GDP: Central Government: Short Term data is updated quarterly, averaging 3.498 % from Mar 1995 to Sep 2022, with 111 observations. The data reached an all-time high of 8.528 % in Sep 1998 and a record low of 0.896 % in Dec 2016. Australia Gross Public Debt: % of GDP: Central Government: Short Term 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.

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.

Graph and download economic data for Amount Outstanding of Domestic Debt Securities for General Government Issuers, All Maturities, Residence of Issuer in Australia (DSAMRIAOGGAU) from Q2 1988 to Q4 2022 about Australia, maturity, debt, residents, securities, domestic, and government.

Australia Gross Public Debt: % of GDP: Central Government: Long Term: Up to 1 Year data was reported at 3.113 % in Dec 2024. This records a decrease from the previous number of 3.294 % for Sep 2024. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Up to 1 Year data is updated quarterly, averaging 0.873 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 3.667 % in Jun 2022 and a record low of 0.000 % in Dec 1998. Australia Gross Public Debt: % of GDP: Central Government: Long Term: Up to 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: Central Government.

Australia Gross Public Debt: USD: Central Government: Debt Securities data was reported at 568.404 USD bn in Dec 2024. This records a decrease from the previous number of 646.796 USD bn for Sep 2024. Australia Gross Public Debt: USD: Central Government: Debt Securities data is updated quarterly, averaging 114.226 USD bn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 650.723 USD bn in Mar 2022 and a record low of 9.952 USD bn in Jun 1998. Australia Gross Public Debt: USD: Central Government: Debt Securities 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: Central Government.

Australia Gross Public Debt: USD: Central Government: Debt Securities and Loans data was reported at 569.640 USD bn in Dec 2024. This records a decrease from the previous number of 647.861 USD bn for Sep 2024. Australia Gross Public Debt: USD: Central Government: Debt Securities and Loans data is updated quarterly, averaging 115.451 USD bn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 651.649 USD bn in Mar 2022 and a record low of 9.960 USD bn in Jun 1998. Australia Gross Public Debt: USD: 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: Central Government.

Australia Central Government Debt: Total data was reported at 1,352,679.000 AUD mn in 2022. This records a decrease from the previous number of 1,460,303.000 AUD mn for 2021. Australia Central Government Debt: Total data is updated yearly, averaging 218,847.000 AUD mn from Dec 1990 (Median) to 2022, with 29 observations. The data reached an all-time high of 1,460,303.000 AUD mn in 2021 and a record low of 49,485.000 AUD mn in 1990. Australia Central Government Debt: Total 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.WDI: Government Revenue, Expenditure and Finance. 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.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;;

The yield on Australia 10Y Bond Yield rose to 4.28% on August 8, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.08 points, though it remains 0.20 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Australia 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on August of 2025.

Graph and download economic data for Exchange Rate Adjusted Changes of Domestic Debt Securities for General Government Issuers, All Maturities, Residence of Issuer in Australia (DSAMRIAOGGERAU) from Q3 1988 to Q4 2022 about Australia, adjusted, maturity, debt, exchange rate, residents, securities, domestic, government, and rate.

Australia External Debt: Liabilities: Public Sector: General Government: Debt Domiciled Abroad data was reported at 29,706.000 AUD mn in Dec 2024. This records an increase from the previous number of 24,362.000 AUD mn for Sep 2024. Australia External Debt: Liabilities: Public Sector: General Government: Debt Domiciled Abroad data is updated quarterly, averaging 6,627.000 AUD mn from Sep 1988 (Median) to Dec 2024, with 146 observations. The data reached an all-time high of 31,237.000 AUD mn in Sep 2022 and a record low of 1,213.000 AUD mn in Sep 2004. Australia External Debt: Liabilities: Public Sector: General Government: Debt Domiciled Abroad data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.JB038: BPM6: External Debt.

Australia Gross Public Debt: USD: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits data was reported at 584.642 USD bn in Dec 2024. This records a decrease from the previous number of 663.625 USD bn for Sep 2024. Australia Gross Public Debt: USD: Central Government: Debt Securities, Loans, SDRs, Currency and Deposits data is updated quarterly, averaging 123.047 USD bn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 667.824 USD bn in Mar 2022 and a record low of 10.968 USD bn in Jun 1998. Australia Gross Public Debt: USD: Central Government: Debt Securities, Loans, SDRs, 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: Central Government.

AU: Gross Public Debt: USD: Central Government: Debt Securities, Loans, Currency and Deposits data was reported at 572.405 USD bn in Dec 2024. This records a decrease from the previous number of 650.911 USD bn for Sep 2024. AU: Gross Public Debt: USD: Central Government: Debt Securities, Loans, Currency and Deposits data is updated quarterly, averaging 118.297 USD bn from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 654.846 USD bn in Mar 2022 and a record low of 10.953 USD bn in Jun 1998. AU: Gross Public Debt: USD: Central 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: Central Government.

The benchmark interest rate in Australia was last recorded at 3.85 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia Expenditure: Interest Payments: % of Revenue data was reported at 3.082 % in 2022. This records a decrease from the previous number of 3.207 % for 2021. Australia Expenditure: Interest Payments: % of Revenue data is updated yearly, averaging 5.537 % from Dec 1972 (Median) to 2022, with 47 observations. The data reached an all-time high of 10.653 % in 1986 and a record low of 1.337 % in 2008. Australia Expenditure: Interest Payments: % of Revenue 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.WDI: Government Revenue, Expenditure and Finance. Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.;International Monetary Fund, Government Finance Statistics Yearbook and data files.;Median;