Interest payments in Australia
Australia: Interest payments was 19.17 billion current LCU in 2022. ◆ Volatile
Interest payments in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Australia recorded 19.17 billion current LCU for interest payments in 2022. That is the highest value across all 51 years on record.
The figure is up 9.5% on the previous year and up 47.6% over ten years.
Over the whole period, interest payments in Australia peaked at 19.17 billion current LCU in 2022 and was at its lowest, 613.00 million current LCU, in 1972.
That places Australia 78th out of 155 countries with data for 2022, putting it 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 |
|---|---|---|---|---|
| 1970s | 1.11 billion current LCU | 613.00 million current LCU | 1.98 billion current LCU | 8 |
| 1980s | 5.12 billion current LCU | 2.23 billion current LCU | 7.96 billion current LCU | 10 |
| 1990s | 7.88 billion current LCU | 5.41 billion current LCU | 11.81 billion current LCU | 10 |
| 2000s | 5.35 billion current LCU | 4.13 billion current LCU | 10.46 billion current LCU | 10 |
| 2010s | 14.07 billion current LCU | 7.00 billion current LCU | 17.97 billion current LCU | 10 |
| 2020s | 18.14 billion current LCU | 17.50 billion current LCU | 19.17 billion 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 interest payments in Australia?
- Interest payments in Australia was 19.17 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Australia?
- The highest recorded value was 19.17 billion current LCU in 2022.
- What is the lowest interest payments recorded in Australia?
- The lowest recorded value was 613.00 million current LCU in 1972.
- How does Australia rank for interest payments?
- Australia ranks 78th out of 155 countries with data for 2022.
- Is interest payments rising or falling in Australia?
- Over the last ten years it is up 47.6%. 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 Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. 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.