Australia recorded a Government Debt to GDP of 24.80 percent of the country's Gross Domestic Product in the 2019-20 fiscal year. source: Australian Office of Financial Management (AOFM)

Government Debt to GDP in Australia averaged 7.42 percent from 1971 until 2020, reaching an all time high of 24.80 percent in 2020 and a record low of -3.40 percent in 2008. This page provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Net Debt to GDP - values, historical data and charts - was last updated on May of 2021.

Government Debt to GDP in Australia is expected to reach 40.40 percent by the end of 2021, 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 42.80 percent in 2022 and 43.80 percent in 2023, according to our econometric models.

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Australia Government Net Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
24.80 19.20 24.80 -3.40 1971 - 2020 percent Yearly

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.80 19.20 24.80 -3.40 percent [+]
Government Budget -4.30 0.00 2.20 -4.30 percent of GDP [+]
Government Budget Value -1126.00 1746.00 14307.00 -36988.00 AUD Million [+]
Government Spending 104618.00 103792.00 104618.00 9725.00 AUD Million [+]
Government Revenues 47682.00 45430.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 48808.00 43684.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 27395.00 26840.00 27546.00 2953.00 USD Million [+]
Government Debt 583254.00 619465.00 619465.00 -50019.00 AUD Million [+]
Government Spending To GDP 27.70 24.50 27.70 18.30 percent [+]


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.