Gross public sector debt, Central Government, as a proportion of GDP in Australia
Australia: Gross public sector debt, Central Government, as a proportion of GDP was 34.5% in 2024. ◆ Volatile
Gross public sector debt, Central Government, as a proportion of GDP in Australia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for gross public sector debt, central government, as a proportion of gdp in Australia is 34.5%, measured in 2024.
The figure is down 3.4% on the previous year and up 53.6% over ten years.
Over the whole period, gross public sector debt, central government, as a proportion of gdp in Australia peaked at 40.7% in 2020 and was at its lowest, 4.9%, in 2008.
That places Australia 42nd out of 53 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross public sector debt, Central Government, as a proportion of GDP in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 10.8% | — |
| 2001 | 9.6% | -10.7% |
| 2002 | 8.6% | -10.8% |
| 2003 | 6.8% | -21.0% |
| 2004 | 6.2% | -8.6% |
| 2005 | 5.9% | -4.7% |
| 2006 | 5.5% | -7.6% |
| 2007 | 5.3% | -2.7% |
| 2008 | 4.9% | -7.3% |
| 2009 | 10.1% | +105.8% |
| 2010 | 13.5% | +33.4% |
| 2011 | 15.8% | +16.8% |
| 2012 | 17.9% | +13.4% |
| 2013 | 19.5% | +8.8% |
| 2014 | 22.4% | +15.2% |
| 2015 | 24.7% | +10.1% |
| 2016 | 27.7% | +12.0% |
| 2017 | 29.0% | +4.6% |
| 2018 | 28.7% | -0.9% |
| 2019 | 28.3% | -1.5% |
| 2020 | 40.7% | +43.9% |
| 2021 | 39.4% | -3.2% |
| 2022 | 36.8% | -6.8% |
| 2023 | 35.7% | -2.9% |
| 2024 | 34.5% | -3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.4% | 4.9% | 10.8% | 10 |
| 2010s | 22.8% | 13.5% | 29.0% | 10 |
| 2020s | 37.4% | 34.5% | 40.7% | 5 |
Countries ranked near Australia
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -164.69 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 36.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.02 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0203 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,323 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is gross public sector debt, central government, as a proportion of gdp in Australia?
- Gross public sector debt, central government, as a proportion of gdp in Australia was 34.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest gross public sector debt, central government, as a proportion of gdp recorded in Australia?
- The highest recorded value was 40.7% in 2020.
- What is the lowest gross public sector debt, central government, as a proportion of gdp recorded in Australia?
- The lowest recorded value was 4.9% in 2008.
- How does Australia rank for gross public sector debt, central government, as a proportion of gdp?
- Australia ranks 42nd out of 53 countries with data for 2024.
- Is gross public sector debt, central government, as a proportion of gdp rising or falling in Australia?
- Over the last ten years it is up 53.6%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Gross public sector debt, Central Government, as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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