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Government debt — all countries

Government debt — Australia

Government debt in Australia in 2031 — 49.1%. Ranked 93 in the world out of 184. Since 1989, the indicator has risen by 32.1 pp.

2031 49.1% −0.6 pp vs 2030
World rank 93of 184
Period maximum 56.9%2020
Period minimum 9.6%2007

Trend over time

1989–2031 · % of GDP

Government debt — Australia, 1989–203102040601989199419992004200920142019202420291989: 17%1990: 16.4%1991: 21.6%1992: 27.6%1993: 30.6%1994: 31.7%1995: 31.1%1996: 29.3%1997: 25.9%1998: 23.7%1999: 22.5%2000: 19.5%2001: 17.1%2002: 15%2003: 13.2%2004: 11.9%2005: 10.8%2006: 9.9%2007: 9.6%2008: 11.7%2009: 16.6%2010: 20.3%2011: 24%2012: 27.4%2013: 30.3%2014: 33.9%2015: 37.6%2016: 40.5%2017: 41%2018: 41.6%2019: 46.5%2020: 56.9%2021: 55.4%2022: 50%2023: 49.4%2024: 50.6%2025: 51%2026: 50.6%2027: 50.7%2028: 50.5%2029: 50.2%2030: 49.7%2031: 49.1%
Change over the period: +32.1 pp Annual average: 0.76 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Australia

Australia 49.1%
World computed 102.5%
East Asia & Pacific computed 113.3%
Australia and New Zealand computed 49.8%
High-income countries computed 108.6%
Government debt — Australia, by year Australia All countries CSV XLSX
Year % Change, pp
2031 49.1 −0.6 pp
2030 49.7 −0.5 pp
2029 50.2 −0.3 pp
2028 50.5 −0.2 pp
2027 50.7 +0.1 pp
2026 50.6 −0.4 pp
2025 51 +0.4 pp
2024 50.6 +1.2 pp
2023 49.4 −0.6 pp
2022 50 −5.4 pp
2021 55.4 −1.5 pp
2020 56.9 +10.4 pp
2019 46.5 +4.9 pp
2018 41.6 +0.6 pp
2017 41 +0.5 pp
2016 40.5 +2.9 pp
2015 37.6 +3.7 pp
2014 33.9 +3.6 pp
2013 30.3 +2.9 pp
2012 27.4 +3.4 pp
2011 24 +3.7 pp
2010 20.3 +3.7 pp
2009 16.6 +4.9 pp
2008 11.7 +2.1 pp
2007 9.6 −0.3 pp
2006 9.9 −0.9 pp
2005 10.8 −1.1 pp
2004 11.9 −1.3 pp
2003 13.2 −1.8 pp
2002 15 −2.1 pp
2001 17.1 −2.4 pp
2000 19.5 −3 pp
1999 22.5 −1.2 pp
1998 23.7 −2.2 pp
1997 25.9 −3.4 pp
1996 29.3 −1.8 pp
1995 31.1 −0.6 pp
1994 31.7 +1.1 pp
1993 30.6 +3 pp
1992 27.6 +6 pp
1991 21.6 +5.2 pp
1990 16.4 −0.6 pp
1989 17 —

Australia and New Zealand, 2031

The same indicator for neighboring countries — with links to their pages

AU Australia 49.1 NZ New Zealand 54.8
Full table for all countries

About the indicator

Gross general government debt as a percent of GDP from the IMF World Economic Outlook database: all liabilities that require future payments of interest and/or principal. It covers the central government, regional and local budgets and extrabudgetary funds where the data allow. The threshold of 60% of GDP is used in the EU Maastricht criteria as a benchmark of sustainability.

Important: The coverage of the government sector differs between countries; when levels are compared, it matters whether regional budgets are included.

Source: World Economic Outlook (IMF), license IMF open data.

Other indicators for Australia

Public Finance Budget balance

The budget deficit or surplus as a percent of GDP. A negative value means spending exceeds revenue.

Australia by year Public Finance Government revenue

How much the state collects in a year — all revenue except foreign grants.

Australia by year Public Finance Tax revenue (% of GDP)

Taxes collected as a percent of GDP — the fiscal capacity of the state.

Australia by year
All indicators for Australia