Australia vs Latvia: Gross debt, Percent of own revenue

Australia
1.6
in 2020
Latvia
2.22
in 2020
Australia rank
17th
Latvia rank
14th

Gross debt, Percent of own revenue over time

  • Australia
  • Latvia
00.511.522.5199820092020

How they compare

Latvia currently reports 2.22 against 1.6 in Australia, a difference of 0.62.

That makes Latvia's figure about 1.4 times Australia's.

Across all 21 years both countries report, Latvia has been ahead every year.

Australia ranks 17th and Latvia ranks 14th of 23 countries.

Latvia has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Australia Latvia Difference Ahead
2000s 0.3455 0.7691 0.4236 Latvia
2010s 0.9729 2.02 1.05 Latvia
2020s 1.6 2.22 0.6126 Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross debt, percent of own revenue, Australia or Latvia?
Latvia, at 2.22 against 1.6 in Australia as of 2020.
What is the difference in gross debt, percent of own revenue between Australia and Latvia?
0.62, with Latvia ahead.
How many years of comparable data are there for Australia and Latvia?
21 years are reported by both, from 2000 to 2020.
How do Australia and Latvia rank globally for gross debt, percent of own revenue?
Australia ranks 17th and Latvia ranks 14th of 23 countries.
Where does this data come from?
International Monetary Fund, published as Gross debt, Percent of own revenue (Central government). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs Latvia: Gross debt, Percent of own revenue. Statizoid, drawing on International Monetary Fund. Retrieved 13 September 2026, from https://debt.statizoid.com/compare/gross-debt-percent-of-own-revenue-central-government/australia/latvia/

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About this data

Indicator
Gross debt, Percent of own revenue (Central government)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
23 places, 512 data points, 1990–2020
Last refreshed

The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.