Australia recorded a Government Net Debt to GDP of 22.50 percent of the country's Gross Domestic Product in the 2021-22 fiscal year. source: Australian Office of Financial Management (AOFM)

Government Debt to GDP in Australia averaged 8.11 percent of GDP from 1971 until 2022, reaching an all time high of 28.60 percent of GDP in 2021 and a record low of -3.40 percent of GDP in 2008. This page provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Net Debt to GDP - values, historical data and charts - was last updated on May of 2023.

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Australia Government Net Debt to GDP

Related Last Previous Unit Reference
Government Debt to GDP 22.30 28.60 percent of GDP Dec 2022

Australia Government Net Debt to GDP
In Australia, government debt to GDP refers to net government debt, ie the sum of interest bearing liabilities less the sum of selected financial assets (cash and deposits, advances paid and investments, loans and placements). 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.
Actual Previous Highest Lowest Dates Unit Frequency
22.30 28.60 28.60 -3.40 1971 - 2022 percent of GDP Yearly