Government spending in Australia was last recorded at 34.8 percent of GDP in 2021 . source: Australian Government
Government Spending to GDP in Australia averaged 24.51 percent of GDP from 1971 until 2021, reaching an all time high of 34.80 percent of GDP in 2021 and a record low of 18.30 percent of GDP in 1971. This page provides - Australia Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Spending To GDP - values, historical data and charts - was last updated on November of 2022.
Government Spending to GDP in Australia is expected to reach 27.20 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Spending To GDP is projected to trend around 26.90 percent of GDP in 2023, according to our econometric models.