Subsidies and other transfers in Australia
Australia: Subsidies and other transfers was 447.35 billion current LCU in 2022. ◆ Volatile
Subsidies and other transfers in Australia, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Australia recorded 447.35 billion current LCU for subsidies and other transfers in 2022.
That represents a change of down 10.1% on the previous year and up 69.5% over ten years.
Over the whole period, subsidies and other transfers in Australia peaked at 497.45 billion current LCU in 2021 and was at its lowest, 309.00 million current LCU, in 1974.
That places Australia 55th out of 153 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 | 464.33 million current LCU | 309.00 million current LCU | 826.00 million current LCU | 6 |
| 1980s | 1.60 billion current LCU | 930.00 million current LCU | 1.97 billion current LCU | 10 |
| 1990s | 78.38 billion current LCU | 55.49 billion current LCU | 99.98 billion current LCU | 10 |
| 2000s | 162.68 billion current LCU | 105.13 billion current LCU | 237.99 billion current LCU | 10 |
| 2010s | 288.88 billion current LCU | 241.20 billion current LCU | 341.25 billion current LCU | 10 |
| 2020s | 454.98 billion current LCU | 420.13 billion current LCU | 497.45 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 subsidies and other transfers in Australia?
- Subsidies and other transfers in Australia was 447.35 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Australia?
- The highest recorded value was 497.45 billion current LCU in 2021.
- What is the lowest subsidies and other transfers recorded in Australia?
- The lowest recorded value was 309.00 million current LCU in 1974.
- How does Australia rank for subsidies and other transfers?
- Australia ranks 55th out of 153 countries with data for 2022.
- Is subsidies and other transfers rising or falling in Australia?
- Over the last ten years it is up 69.5%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.