Australia Government Debt: % of GDP
Australia Government debt accounted for 34.7 % of the country's Nominal GDP in Jun 2019, compared with the ratio of 33.8 % in the previous year. Australia government debt to GDP ratio data is updated yearly, available from Jun 1999 to Jun 2019. The data reached an all-time high of 34.7 % in Jun 2019 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.. Australia National Government Debt reached 483.9 USD bn in Jun 2019. The country's Nominal GDP reached 307.6 USD bn in Jun 2020.
View Australia's Government Debt: % of GDP from 1999 to 2019 in the chart:
What was Australia's Government Debt: % of GDP in 2019?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 34.7 2019 | 33.8 2018 | 9.6 2007 | 34.7 2019 | % | yearly | 1999 - 2019 |
Government Debt: % of GDP by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 75.9 Jun 2020 | quarterly | Sep 2010 - Jun 2020 |
| Algeria (%) | 30.7 2017 | yearly | 1997 - 2017 |
| Argentina (%) | 91.7 Jun 2020 | quarterly | Dec 2004 - Jun 2020 |
| Armenia (%) | 60.9 Sep 2020 | quarterly | Dec 2013 - Sep 2020 |
| Australia (%) | 34.7 2019 | yearly | 1999 - 2019 |
| Austria (%) | 82.6 Jun 2020 | quarterly | Mar 2000 - Jun 2020 |
| Azerbaijan (%) | 6.4 2010 | yearly | 2008 - 2010 |
| Bahrain (%) | 90.6 Jun 2020 | quarterly | Dec 2007 - Jun 2020 |
| Bangladesh (%) | 21.2 2020 | yearly | 2010 - 2020 |
| Belarus (%) | 38.4 Jun 2020 | quarterly | Dec 2003 - Jun 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -7.2 Jun 2020 | quarterly | Jun 2003 - Jun 2020 |
| Consolidated Fiscal Balance (USD mn) | -63,966.960 Jun 2020 | quarterly | Sep 2002 - Jun 2020 |
| Tax Revenue (USD mn) | 90,927.832 Sep 2020 | quarterly | Sep 2002 - Sep 2020 |
| Tax Revenue: % of GDP (%) | 30.1 Jun 2020 | quarterly | Sep 2002 - Jun 2020 |
| National Government Debt (USD mn) | 474,369.8 2019 | yearly | 1999 - 2019 |
| Government Debt: % of GDP (%) | 34.7 2019 | yearly | 1999 - 2019 |
| Forecast: Government Expenditure (AUD bn) | 880.783 2025 | yearly | 1988 - 2025 |
| Forecast: Government Net Debt (AUD bn) | 1,693.021 2025 | yearly | 1989 - 2025 |
| Forecast: Government Revenue (AUD bn) | 833.535 2025 | yearly | 1988 - 2025 |
| DOT Forecast: Budget Aggregates: Revenue (AUD bn) | 538.100 2024 | yearly | 1997 - 2024 |
| DOT Forecast: Budget Aggregates: Expenses (AUD bn) | 596.600 2024 | yearly | 1997 - 2024 |
| AU: General Government: Financial Liabilities (AUD mn) | 2,035,045.000 Sep 2020 | quarterly | Jun 1999 - Sep 2020 |
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