Gross debt, General government, Percent of GDP in Australia
Australia: Gross debt, General government, Percent of GDP was 49.12 in 2031. ▲ Rising
Gross debt, General government, Percent of GDP in Australia, 1989–2031
Source: International Monetary Fund.
Analysis
Australia recorded 49.12 for gross debt, general government, percent of gdp in 2031.
The figure is down 1.1% on the previous year and down 11.3% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Australia peaked at 56.91 in 2020 and was at its lowest, 9.65, in 2007.
Australia ranks 15th of 26 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 43 years of available data.
Gross debt, General government, Percent of GDP in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1989 | 16.99 | — |
| 1990 | 16.38 | -3.6% |
| 1991 | 21.58 | +31.7% |
| 1992 | 27.59 | +27.9% |
| 1993 | 30.62 | +11.0% |
| 1994 | 31.66 | +3.4% |
| 1995 | 31.1 | -1.8% |
| 1996 | 29.3 | -5.8% |
| 1997 | 25.86 | -11.7% |
| 1998 | 23.66 | -8.5% |
| 1999 | 22.5 | -4.9% |
| 2000 | 19.46 | -13.5% |
| 2001 | 17.08 | -12.2% |
| 2002 | 14.99 | -12.2% |
| 2003 | 13.17 | -12.1% |
| 2004 | 11.89 | -9.7% |
| 2005 | 10.84 | -8.8% |
| 2006 | 9.92 | -8.5% |
| 2007 | 9.65 | -2.8% |
| 2008 | 11.71 | +21.4% |
| 2009 | 16.57 | +41.5% |
| 2010 | 20.29 | +22.5% |
| 2011 | 23.96 | +18.1% |
| 2012 | 27.42 | +14.4% |
| 2013 | 30.33 | +10.6% |
| 2014 | 33.89 | +11.7% |
| 2015 | 37.58 | +10.9% |
| 2016 | 40.46 | +7.7% |
| 2017 | 41.04 | +1.4% |
| 2018 | 41.6 | +1.4% |
| 2019 | 46.53 | +11.9% |
| 2020 | 56.91 | +22.3% |
| 2021 | 55.37 | -2.7% |
| 2022 | 50.05 | -9.6% |
| 2023 | 49.42 | -1.3% |
| 2024 | 50.61 | +2.4% |
| 2025 | 51.04 | +0.8% |
| 2026 | 50.65 | -0.8% |
| 2027 | 50.66 | +0.0% |
| 2028 | 50.54 | -0.2% |
| 2029 | 50.21 | -0.7% |
| 2030 | 49.68 | -1.1% |
| 2031 | 49.12 | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 16.99 | 16.99 | 16.99 | 1 |
| 1990s | 26.03 | 16.38 | 31.66 | 10 |
| 2000s | 13.53 | 9.65 | 19.46 | 10 |
| 2010s | 34.31 | 20.29 | 46.53 | 10 |
| 2020s | 51.54 | 49.42 | 56.91 | 10 |
| 2030s | 49.4 | 49.12 | 49.68 | 2 |
Countries ranked near Australia
- 12 Ecuador 54.42 compare
- 13 Latvia 53.49 compare
- 14 Dominican Republic 50.02 compare
- 16 Iran, Islamic Republic of 44.15 compare
- 17 Ghana 42.33 compare
- 18 Saudi Arabia 42.22 compare
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, percent of gdp in Australia?
- Gross debt, general government, percent of gdp in Australia was 49.12 in 2031, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Australia?
- The highest recorded value was 56.91 in 2020.
- What is the lowest gross debt, general government, percent of gdp recorded in Australia?
- The lowest recorded value was 9.65 in 2007.
- How does Australia rank for gross debt, general government, percent of gdp?
- Australia ranks 15th out of 26 countries with data for 2031.
- Is gross debt, general government, percent of gdp rising or falling in Australia?
- Over the last ten years it is down 11.3%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP (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.