Australia National Government Debt

Key information about Australia National Government Debt

• Australia National Government Debt reached 650.9 USD bn in Jun 2023, compared with 673.5 USD bn in the previous year.
• Australia National Government Debt data is updated yearly, available from Jun 1999 to Jun 2023.
• The data reached an all-time high of 744.0 USD bn in Jun 2021 and a record low of 65.2 USD bn in Jun 2001.

CEIC calculates annual Government Debt as the sum of Currency & Deposits, Advances and Debt Securities and converts it into USD. The Australian Bureau of Statistics provides Government Debt in local currency based on SNA 2008. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt prior to 2009 is based on SNA 2008 GFMS 2001. Government Debt prior to 2000 is based on SNA 1993. Government Debt is in annual frequency, ending in June of each year.


Related information about Australia National Government Debt

• In the latest reports, Australia Consolidated Fiscal Balance recorded a deficit equal to 1.1 % of its Nominal GDP in Dec 2023.
• The country's Government debt accounted for 38.1 % of its Nominal GDP in Jun 2023.
• Australia Nominal GDP reached 440.1 USD bn in Mar 2023.

View Australia's National Government Debt from 1999 to 2023 in the chart:

What was Australia's National Government Debt in 2023?

Australia National Government Debt reached 650.9 USD bn in Jun 2023, compared with 673.5 USD bn in the previous year. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
650,929.8 2023	673,490.9 2022	65,213.2 2001	744,012.5 2021	USD mn	yearly	1999 - 2023

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