Central government debt, total in Australia
Australia: Central government debt, total was 1.35 trillion current LCU in 2022. ◆ Volatile
Central government debt, total in Australia, 1990–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Australia recorded 1.35 trillion current LCU for central government debt, total in 2022.
Compared with earlier readings it is down 7.4% on the previous year and up 128.5% over ten years.
Over the whole period, central government debt, total in Australia peaked at 1.46 trillion current LCU in 2021 and was at its lowest, 49.48 billion current LCU, in 1990.
Australia ranks 34th of 83 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 96.41 billion current LCU | 49.48 billion current LCU | 193.17 billion current LCU | 10 |
| 2000s | 214.23 billion current LCU | 195.64 billion current LCU | 301.09 billion current LCU | 10 |
| 2010s | 741.27 billion current LCU | 373.86 billion current LCU | 1.17 trillion current LCU | 10 |
| 2020s | 1.40 trillion current LCU | 1.35 trillion current LCU | 1.46 trillion current LCU | 3 |
Countries ranked near Australia
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.6% (2022)
- Taxes on income, profits and capital gains 67.9% (2022)
- Taxes on goods and services 17.8% (2022)
- Net investment in nonfinancial assets 0.8% (2022)
- Net lending (+) / net borrowing (-) -1.3% (2022)
- Interest payments 3.1% (2022)
- Grants and other revenue 11.5% (2022)
- Interest payments 3.0% (2022)
- Other taxes 0.2% (2022)
Frequently asked questions
- What is central government debt, total in Australia?
- Central government debt, total in Australia was 1.35 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Australia?
- The highest recorded value was 1.46 trillion current LCU in 2021.
- What is the lowest central government debt, total recorded in Australia?
- The lowest recorded value was 49.48 billion current LCU in 1990.
- How does Australia rank for central government debt, total?
- Australia ranks 34th out of 83 countries with data for 2022.
- Is central government debt, total rising or falling in Australia?
- Over the last ten years it is up 128.5%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.