Australia Debt to GDP Ratio 1990-2023

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • Australia debt to gdp ratio for 2020 was 69.41%, a 9.17% increase from 2019.
  • Australia debt to gdp ratio for 2019 was 60.25%, a 5.76% increase from 2018.
  • Australia debt to gdp ratio for 2018 was 54.49%, a 1.2% increase from 2017.
  • Australia debt to gdp ratio for 2017 was 53.28%, a 1.41% decline from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Greece 252.29%
Japan 216.28%
United Kingdom 195.39%
Singapore 153.41%
Spain 141.22%
United States 126.39%
France 123.01%
Belgium 119.43%
Croatia 104.89%
Iceland 100.02%
Austria 99.91%
San Marino 98.35%
Hungary 96.11%
Bahamas 84.45%
Slovak Republic 77.36%
Canada 72.09%
Ireland 71.58%
Australia 69.41%
Uruguay 60.40%
Lithuania 53.28%
South Korea 46.43%
New Zealand 46.33%
Sweden 44.00%
Estonia 23.77%
Switzerland 20.91%
Australia Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2020 69.41% 9.17%
2019 60.25% 5.76%
2018 54.49% 1.20%
2017 53.28% -1.41%
2016 54.69% 8.18%
2015 46.51% 4.77%
2014 41.74% 4.16%
2013 37.58% -1.88%
2012 39.46% 9.36%
2011 30.10% 1.43%
2010 28.67% 4.80%
2009 23.87% 5.68%
2008 18.19% -1.92%
2007 20.11% -1.34%
2006 21.45% -0.96%
2005 22.42% -0.45%
2004 22.87% -2.21%
2003 25.09% -0.81%
2002 25.90% -1.82%
2001 27.71% -1.83%
2000 29.55% -1.54%
1999 31.09% 14.21%
1998 16.88% -3.98%
1997 20.86% -0.95%
1996 21.81% 0.13%
1995 21.68% 1.49%
1994 20.19% 2.31%
1993 17.87% 3.73%
1992 14.14% 2.23%
1991 11.92% -0.31%
1990 12.23% -0.31%