Government Debt to GDP in Australia averaged 7.42 percent from 1971 until 2020, reaching an all time high of 24.80 percent in 2020 and a record low of -3.40 percent 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 October of 2021.
Government Debt to GDP in Australia is expected to reach 40.40 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Net Debt to GDP is projected to trend around 42.80 percent of GDP in 2022 and 43.80 percent of GDP in 2023, according to our econometric models.