Gross debt, General government, Domestic currency in Australia
Australia: Gross debt, General government, Domestic currency was 1.84 trillion in 2031. ◆ Volatile
Gross debt, General government, Domestic currency in Australia, 1989–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross debt, general government, domestic currency in Australia is 1.84 trillion, measured in 2031. That is the highest value across all 43 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 50.2% over ten years.
Over the whole period, gross debt, general government, domestic currency in Australia peaked at 1.84 trillion in 2031 and was at its lowest, 66.23 billion, in 1989.
Australia ranks 15th of 26 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross debt, General government, Domestic currency in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1989 | 66.23 billion | — |
| 1990 | 68.08 billion | +2.8% |
| 1991 | 89.98 billion | +32.2% |
| 1992 | 119.51 billion | +32.8% |
| 1993 | 139.40 billion | +16.6% |
| 1994 | 153.15 billion | +9.9% |
| 1995 | 159.28 billion | +4.0% |
| 1996 | 159.17 billion | -0.1% |
| 1997 | 148.47 billion | -6.7% |
| 1998 | 143.64 billion | -3.2% |
| 1999 | 143.92 billion | +0.2% |
| 2000 | 134.02 billion | -6.9% |
| 2001 | 124.95 billion | -6.8% |
| 2002 | 117.44 billion | -6.0% |
| 2003 | 109.47 billion | -6.8% |
| 2004 | 106.49 billion | -2.7% |
| 2005 | 104.69 billion | -1.7% |
| 2006 | 103.35 billion | -1.3% |
| 2007 | 109.51 billion | +6.0% |
| 2008 | 145.05 billion | +32.5% |
| 2009 | 210.24 billion | +44.9% |
| 2010 | 277.66 billion | +32.1% |
| 2011 | 352.96 billion | +27.1% |
| 2012 | 417.19 billion | +18.2% |
| 2013 | 478.16 billion | +14.6% |
| 2014 | 549.34 billion | +14.9% |
| 2015 | 618.52 billion | +12.6% |
| 2016 | 689.48 billion | +11.5% |
| 2017 | 742.01 billion | +7.6% |
| 2018 | 791.00 billion | +6.6% |
| 2019 | 931.33 billion | +17.7% |
| 2020 | 1.13 trillion | +21.0% |
| 2021 | 1.22 trillion | +8.5% |
| 2022 | 1.25 trillion | +2.0% |
| 2023 | 1.30 trillion | +4.2% |
| 2024 | 1.38 trillion | +6.2% |
| 2025 | 1.46 trillion | +5.6% |
| 2026 | 1.53 trillion | +4.9% |
| 2027 | 1.59 trillion | +4.3% |
| 2028 | 1.66 trillion | +3.9% |
| 2029 | 1.72 trillion | +3.6% |
| 2030 | 1.78 trillion | +3.5% |
| 2031 | 1.84 trillion | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 66.23 billion | 66.23 billion | 66.23 billion | 1 |
| 1990s | 132.46 billion | 68.08 billion | 159.28 billion | 10 |
| 2000s | 126.52 billion | 103.35 billion | 210.24 billion | 10 |
| 2010s | 584.77 billion | 277.66 billion | 931.33 billion | 10 |
| 2020s | 1.42 trillion | 1.13 trillion | 1.72 trillion | 10 |
| 2030s | 1.81 trillion | 1.78 trillion | 1.84 trillion | 2 |
Countries ranked near Australia
More external debt data for Australia
- Other investment, Debt instruments 365.34 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 4.99 % change on previous year (2025)
- Other investment, Debt instruments, Deposit taking corporations 249.86 billion US dollar (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 13,230 US dollar per person (2025)
- Other investment, Debt instruments (Assets, Positions, US dollar) 0.2031 US dollar per US$ of GDP (2025)
- Liabilities, International Liquidity, Liabilities to Nonresidents 465.61 billion (2025)
- Net lending (+) / net borrowing (-), General government, Percent of -1.55 (2030)
- Other investment, Debt instruments, Deposit taking corporations 17.57 % change on previous year (2010)
- Primary net lending (+) / net borrowing (-), General government -0.6414 (2030)
- Other investment, Debt instruments, Deposit taking corporations 9,048 US dollar per person (2025)
Frequently asked questions
- What is gross debt, general government, domestic currency in Australia?
- Gross debt, general government, domestic currency in Australia was 1.84 trillion in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, domestic currency recorded in Australia?
- The highest recorded value was 1.84 trillion in 2031.
- What is the lowest gross debt, general government, domestic currency recorded in Australia?
- The lowest recorded value was 66.23 billion in 1989.
- How does Australia rank for gross debt, general government, domestic currency?
- Australia ranks 15th out of 26 countries with data for 2031.
- Is gross debt, general government, domestic currency rising or falling in Australia?
- Over the last ten years it is up 50.2%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.