Subnational government climate finance — Climate significant in Australia
Australia: Subnational government climate finance — Climate significant was 0.705 Percentage of GDP in 2023. ▲ Rising
Subnational government climate finance — Climate significant in Australia, 2001–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2023, subnational government climate finance — climate significant in Australia stood at 0.705 Percentage of GDP. That is the highest value across all 23 years on record.
That represents a change of up 12.6% on the previous year and up 69.9% over ten years.
Over the whole period, subnational government climate finance — climate significant in Australia peaked at 0.705 Percentage of GDP in 2023 and was at its lowest, 0.162 Percentage of GDP, in 2002.
Australia ranks 14th of 31 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Subnational government climate finance — Climate significant in Australia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2001 | 0.163 Percentage of GDP | — |
| 2002 | 0.162 Percentage of GDP | -0.6% |
| 2003 | 0.182 Percentage of GDP | +12.3% |
| 2004 | 0.186 Percentage of GDP | +2.2% |
| 2005 | 0.23 Percentage of GDP | +23.7% |
| 2006 | 0.227 Percentage of GDP | -1.3% |
| 2007 | 0.253 Percentage of GDP | +11.5% |
| 2008 | 0.33 Percentage of GDP | +30.4% |
| 2009 | 0.358 Percentage of GDP | +8.5% |
| 2010 | 0.318 Percentage of GDP | -11.2% |
| 2011 | 0.407 Percentage of GDP | +28.0% |
| 2012 | 0.442 Percentage of GDP | +8.6% |
| 2013 | 0.415 Percentage of GDP | -6.1% |
| 2014 | 0.419 Percentage of GDP | +1.0% |
| 2015 | 0.408 Percentage of GDP | -2.6% |
| 2016 | 0.362 Percentage of GDP | -11.3% |
| 2017 | 0.396 Percentage of GDP | +9.4% |
| 2018 | 0.484 Percentage of GDP | +22.2% |
| 2019 | 0.506 Percentage of GDP | +4.5% |
| 2020 | 0.538 Percentage of GDP | +6.3% |
| 2021 | 0.645 Percentage of GDP | +19.9% |
| 2022 | 0.626 Percentage of GDP | -2.9% |
| 2023 | 0.705 Percentage of GDP | +12.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2323 Percentage of GDP | 0.162 Percentage of GDP | 0.358 Percentage of GDP | 9 |
| 2010s | 0.4157 Percentage of GDP | 0.318 Percentage of GDP | 0.506 Percentage of GDP | 10 |
| 2020s | 0.6285 Percentage of GDP | 0.538 Percentage of GDP | 0.705 Percentage of GDP | 4 |
Countries ranked near Australia
- 11 Hungary 0.807 Percentage of GDP compare
- 12 United Kingdom of Great Britain and Northern Ireland 0.806 Percentage of GDP compare
- 13 Poland 0.796 Percentage of GDP compare
- 15 Bulgaria 0.694 Percentage of GDP compare
- 16 France 0.685 Percentage of GDP compare
- 17 Estonia 0.617 Percentage of GDP compare
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)
- Exports of goods and services (current LCU), annual growth rate -2.11 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 0.3592 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 23,391 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.7921 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.1832 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 11,934 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 3.37 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2433 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is subnational government climate finance — climate significant in Australia?
- Subnational government climate finance — climate significant in Australia was 0.705 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government climate finance — climate significant recorded in Australia?
- The highest recorded value was 0.705 Percentage of GDP in 2023.
- What is the lowest subnational government climate finance — climate significant recorded in Australia?
- The lowest recorded value was 0.162 Percentage of GDP in 2002.
- How does Australia rank for subnational government climate finance — climate significant?
- Australia ranks 14th out of 31 countries with data for 2023.
- Is subnational government climate finance — climate significant rising or falling in Australia?
- Over the last ten years it is up 69.9%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Subnational government climate finance — Climate significant investment. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The Subnational Government Climate Finance database provides comparable data on subnational public climate-significant expenditure and investment, covering the years from 2001 to 2023, for 33 OECD and EU countries. This database was built using a pioneer methodology developed in the framework of the project “Financing Climate Action in Regions and Cities”, a joint 2022 project between the OECD and the European Commission Directorate-General for Regional and Urban Policy (DG REGIO). The methodology relies on a refined approach to the COFOG classification from the System of National Accounts. Using the EU taxonomy for sustainability activities, three first-level COFOG functions (economic affairs and housing and community amenities) and 13 second-level COFOG functions (e.g. transport and energy, environmental protection, waste, water management, housing development) were identified as being “climate-significant”, meaning that expenditure and investment in these areas contributes, to some extent, to climate adaptation or mitigation objectives. For more information on the methodology used and related work on climate finance tracking, please visit: Tracking subnational government climate expenditure