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 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.

Australia debt to gdp ratio for 2022 was 58.05%, a 11.96% decline from 2021.

<ul style='margin-top:20px;'>

<li>Australia debt to gdp ratio for 2021 was <strong>70.01%</strong>, a <strong>0.69% increase</strong> from 2020.</li>
<li>Australia debt to gdp ratio for 2020 was <strong>69.32%</strong>, a <strong>9.1% increase</strong> from 2019.</li>
<li>Australia debt to gdp ratio for 2019 was <strong>60.23%</strong>, a <strong>5.72% increase</strong> from 2018.</li>
</ul>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.

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 June of 2025.

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

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.

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.

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.

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 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.

AU: Gross Public Debt: % of GDP: General Government: Debt Securities data was reported at 34.078 % in Dec 2024. This records a decrease from the previous number of 35.023 % for Sep 2024. AU: Gross Public Debt: % of GDP: General Government: Debt Securities data is updated quarterly, averaging 12.725 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 40.828 % in Mar 2021 and a record low of 2.805 % in Jun 1998. AU: Gross Public Debt: % of GDP: General 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: % of GDP: General 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.

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.

This dataset provides values for GOVERNMENT DEBT TO GDP 2021 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.

AU: Gross Public Debt: % of GDP: Central Government: Debt Securities data was reported at 33.588 % in Dec 2024. This records a decrease from the previous number of 34.597 % for Sep 2024. AU: Gross Public Debt: % of GDP: Central Government: Debt Securities data is updated quarterly, averaging 12.640 % from Mar 1995 (Median) to Dec 2024, with 120 observations. The data reached an all-time high of 40.818 % in Mar 2021 and a record low of 2.753 % in Jun 1998. AU: Gross Public Debt: % of GDP: 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: % of GDP: Central Government.

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.