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Australia: General government debt (% of GDP)

Percent of GDP · 1854–2024 · 171 observations · forecasts to 2031 · gen_govdebt_GDP

2024
50.6%percent of GDP
Change on 2023
+1.2 pointsfrom 49.4%
Average, 2015–2024
47.0%10 years
Record high and low
98.1% (1932)low 0.212% (1854)

General government debt (% of GDP)

Report error
0%20%40%60%80%100%1875190019251950197520002025AustraliaAustralia
ForecastPercent of GDP

Compare with other countries →Definition of General government debt (% of GDP)

Recent values

Percent of GDP

YearValue
203149.1Forecast
203049.7Forecast
202950.2Forecast
202850.5Forecast
202750.7Forecast
202650.6Forecast
202551.0Forecast
202450.6
202349.4
202250.0
202155.4
202056.9
201946.5
201841.6
201741.0
201640.5
201537.6

Sources

  • Vamplew1854–1917
  • IMF Fiscal Policy Panel1861–2023
  • Jordà-Schularick-Taylor1870–2020
  • IMF Historical Public Debt Database1901–2015
  • Bordo1978–1997
  • IMF Global Debt Database1989–2024
  • IMF World Economic Outlook1989–2024
  • IMF WEO (forecast)2024–2031

Compare these sources →

Australia documentation (PDF)

More for Australia

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

General government debt (% of GDP) elsewhere

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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 →

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