Government Debt to GDP in Australia averaged 8.11 percent of GDP from 1971 until 2022, reaching an all time high of 28.60 percent of GDP in 2021 and a record low of -3.40 percent of GDP in 2008. This page provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Net Debt to GDP - values, historical data and charts - was last updated on August of 2023.
Government Debt to GDP in Australia is expected to reach 21.60 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Net Debt to GDP is projected to trend around 22.30 percent of GDP in 2024 and 23.50 percent of GDP in 2025, according to our econometric models.