Australia: Government deficit (% of GDP)
Percent of GDP · 1839–2025 · 187 observations · forecasts to 2031 · govdef_GDP
- 2025
- −3.93%percent of GDP
- Change on 2024
- −1.2 pointsfrom −2.77%
- Average, 2016–2025
- −2.95%10 years
- Record high and low
- 4.29% (1950)low −12.4% (1943)
Government deficit (% of GDP)
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ForecastPercent of GDP
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Compare with other countries →Definition of Government deficit (% of GDP)
Recent values
Percent of GDP
| Year | Value | |
|---|---|---|
| 2031 | -1.45 | Forecast |
| 2030 | -1.48 | Forecast |
| 2029 | -1.66 | Forecast |
| 2028 | -1.88 | Forecast |
| 2027 | -3.40 | Forecast |
| 2026 | -3.45 | Forecast |
| 2025 | -3.93 | |
| 2024 | -2.77 | |
| 2023 | -1.35 | |
| 2022 | -1.93 | |
| 2021 | -4.17 | |
| 2020 | -11.4 | |
| 2019 | -1.21 | |
| 2018 | -0.562 | |
| 2017 | -0.63 | |
| 2016 | -1.55 |
Sources
This series is derived from other GMD variables.
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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