Australia: Central government deficit (% of GDP)

Name: Australia: Central government deficit (% of GDP)
Creator: Global Macro Database
License: https://www.globalmacrodata.com/license.html

Percent of GDP · 1839–2022 · 184 observations · cgovdef_GDP

2022: −1.29%percent of GDP
Change on 2021: +5.2 pointsfrom −6.53%
Average, 2013–2022: −2.37%10 years
Record high and low: 8.59% (1950)low −24.8% (1943)

Central government deficit (% of GDP)

Report error

Percent of GDP

Compare with other countries →Definition of Central government deficit (% of GDP)

Recent values

Percent of GDP

Year	Value
2022	-1.29
2021	-6.53
2020	-5.00
2019	-0.138
2018	-0.481
2017	-1.71
2016	-2.28
2015	-2.59
2014	-2.19
2013	-1.45

Sources

Mitchell1839–2010
Foster1954–1996
IMF Government Finance Statistics1972–2022
World Development Indicators1972–2022

Compare these sources →

Australia documentation (PDF)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms

Central government deficit (% of GDP)

Recent values

Sources

More for Australia

Central government deficit (% of GDP) elsewhere