Australia recorded a government debt equivalent to 45.10 percent of the country's Gross Domestic Product in 2019.

Government Debt to GDP in Australia averaged 24.41 percent from 1989 until 2019, reaching an all time high of 45.10 percent in 2019 and a record low of 9.70 percent in 2007. This page provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Debt to GDP - values, historical data and charts - was last updated on October of 2020.

Government Debt to GDP in Australia is expected to reach 50.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Debt to GDP is projected to trend around 49.00 percent in 2021 and 48.00 percent in 2022, according to our econometric models.

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Australia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
45.10 41.50 45.10 9.70 1989 - 2019 percent Yearly

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.10 41.50 45.10 9.70 percent [+]
Government Budget -0.20 -0.50 2.20 -4.20 percent of GDP [+]
Government Budget Value -27742.00 -35675.00 14307.00 -35675.00 AUD Million [+]
Government Spending 99676.00 96125.00 99676.00 9505.00 AUD Million [+]
Government Revenues 38680.00 43870.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 66421.00 52651.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Government Debt 463654.00 441251.00 463654.00 -50019.00 AUD Million [+]

Australia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.