Net lending (+) / net borrowing (-) in Australia
Australia: Net lending (+) / net borrowing (-) was -31.49 billion current LCU in 2022. ◆ Volatile
Net lending (+) / net borrowing (-) in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, net lending (+) / net borrowing (-) in Australia stood at -31.49 billion current LCU.
The figure is up 78.0% on the previous year and up 33.1% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Australia peaked at 22.44 billion current LCU in 2008 and was at its lowest, -143.09 billion current LCU, in 2021.
That places Australia 90th out of 156 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 | -559.12 million current LCU | -2.09 billion current LCU | 1.05 billion current LCU | 8 |
| 1980s | -1.63 billion current LCU | -6.87 billion current LCU | 6.16 billion current LCU | 10 |
| 1990s | -5.07 billion current LCU | -17.00 billion current LCU | 11.73 billion current LCU | 10 |
| 2000s | 6.79 billion current LCU | -30.78 billion current LCU | 22.44 billion current LCU | 10 |
| 2010s | -33.52 billion current LCU | -53.70 billion current LCU | -2.75 billion current LCU | 10 |
| 2020s | -91.03 billion current LCU | -143.09 billion current LCU | -31.49 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 net lending (+) / net borrowing (-) in Australia?
- Net lending (+) / net borrowing (-) in Australia was -31.49 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Australia?
- The highest recorded value was 22.44 billion current LCU in 2008.
- What is the lowest net lending (+) / net borrowing (-) recorded in Australia?
- The lowest recorded value was -143.09 billion current LCU in 2021.
- How does Australia rank for net lending (+) / net borrowing (-)?
- Australia ranks 90th out of 156 countries with data for 2022.
- Is net lending (+) / net borrowing (-) rising or falling in Australia?
- Over the last ten years it is up 33.1%. 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 Net lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.