Commercial users: see the World Economic Database from our partners at Anansi Data Analytics

Australia: Government debt (% of GDP)

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

Government debt (% of GDP)

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

Compare with other countries →Definition of 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

This series is derived from other GMD variables.

Australia documentation (PDF)

More for Australia

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

Government debt (% of GDP) elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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