Australia Public debt

Factbook > Countries > Australia > Economy

Public debt: 40.8% of GDP (2017 est.)

40.6% of GDP (2016 est.)

Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.

Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021

See Also

Related Data From the International Monetary Fund

Variable: General government gross debt

Note: Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Units: Percent of GDP

Country-specific Note: See notes for: General government gross debt (National currency).

Source: International Monetary Fund, World Economic Outlook Database, April 2019

Year General government gross debt Percent Change
1989 17.055  
1990 16.445 -3.58%
1991 21.65 31.65%
1992 27.678 27.84%
1993 30.721 10.99%
1994 31.782 3.45%
1995 31.234 -1.72%
1996 29.422 -5.80%
1997 25.959 -11.77%
1998 23.754 -8.49%
1999 22.595 -4.88%
2000 19.552 -13.47%
2001 17.17 -12.18%
2002 15.051 -12.34%
2003 13.221 -12.16%
2004 11.948 -9.63%
2005 10.891 -8.85%
2006 9.967 -8.48%
2007 9.687 -2.81%
2008 11.753 21.33%
2009 16.764 42.64%
2010 20.489 22.22%
2011 24.11 17.67%
2012 27.726 15.00%
2013 30.676 10.64%
2014 34.09 11.13%
2015 37.77 10.79%
2016 40.525 7.29%
2017 40.67 0.36%
2018 40.672 0.00%
2019 41.098 1.05%

© 2020 IndexMundi. All rights reserved.