Australia recorded a Government Debt to GDP of 22.30 percent of the country's Gross Domestic Product in 2022. Government Debt to GDP in Australia averaged 8.11 percent of GDP from 1971 until 2022, reaching an all time high of 28.60 percent of GDP in 2021 and a record low of -3.40 percent of GDP in 2008. source: Australian Office of Financial Management (AOFM)

Government Debt to GDP in Australia is expected to reach 22.30 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Net Debt to GDP is projected to trend around 23.50 percent of GDP in 2025 and 22.60 percent of GDP in 2026, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 100.00 Apr 2024
Fiscal Expenditure 54531.00 51457.00 AUD Million Mar 2024
Government Budget -1.40 -6.60 percent of GDP Dec 2022
Government Budget Value -2376.00 17075.47 AUD Million Mar 2024
Government Debt 526420.00 520543.00 AUD Million Mar 2024
Government Debt to GDP 22.30 28.60 percent of GDP Dec 2022
Government Revenues 52155.00 68533.00 AUD Million Mar 2024
Government Spending 134015.00 133274.00 AUD Million Dec 2023
Government Spending to GDP 26.80 31.60 percent of GDP Dec 2022
Holidays
Military Expenditure 32340.00 32445.30 USD Million Dec 2023

Australia Government Net Debt to GDP
In Australia, government debt to GDP refers to net government debt, ie the sum of interest bearing liabilities less the sum of selected financial assets (cash and deposits, advances paid and investments, loans and placements). Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
22.30 28.60 28.60 -3.40 1971 - 2022 percent of GDP Yearly