Interest payments in Australia
Australia: Interest payments was 3.0% in 2022. ▼ Falling
Interest payments in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, interest payments in Australia stood at 3.0%.
The figure is up 15.7% on the previous year and down 10.3% over ten years.
Over the whole period, interest payments in Australia peaked at 10.8% in 1987 and was at its lowest, 1.4%, in 2009.
That places Australia 113th out of 152 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 51 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.5% | 4.9% | 7.6% | 8 |
| 1980s | 8.5% | 7.0% | 10.8% | 10 |
| 1990s | 6.6% | 4.9% | 8.3% | 10 |
| 2000s | 2.5% | 1.4% | 6.6% | 10 |
| 2010s | 3.2% | 2.0% | 3.7% | 10 |
| 2020s | 2.8% | 2.6% | 3.0% | 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)
- Other taxes 0.2% (2022)
- Compensation of employees 9.5% (2022)
Frequently asked questions
- What is interest payments in Australia?
- Interest payments in Australia was 3.0% 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 10.8% in 1987.
- What is the lowest interest payments recorded in Australia?
- The lowest recorded value was 1.4% in 2009.
- How does Australia rank for interest payments?
- Australia ranks 113th out of 152 countries with data for 2022.
- Is interest payments rising or falling in Australia?
- Over the last ten years it is down 10.3%. The long-run trend across the full record is falling.
- 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.