Australia Government Debt Over Time (1989–2026)

Global Statistics and Country Indicators

Government Gross Debt (% of GDP)

Global rank: 97 / 184

Data table

1989	17%	1999	22.5%	2009	16.6%	2018	41.6%
1990	16.4%	2000	19.5%	2010	20.3%	2019	46.5%
1991	21.6%	2001	17.1%	2011	24%	2020	56.9%
1992	27.6%	2002	15%	2012	27.4%	2021	55.4%
1993	30.6%	2003	13.2%	2013	30.3%	2022	50%
1994	31.7%	2004	11.9%	2014	33.9%	2023	49.4%
1995	31.1%	2005	10.8%	2015	37.6%	2024	50.6%
1996	29.3%	2006	9.9%	2016	40.5%	2025	51%
1997	25.9%	2007	9.6%	2017	41%	2026	50.6%
1998	23.7%	2008	11.7%

Government Gross Debt (Local currency - AUD)

Data table

1989	66.24B	1999	143.9B	2009	210.2B	2018	791B
1990	68.08B	2000	134B	2010	277.7B	2019	931.3B
1991	89.98B	2001	125B	2011	353B	2020	1.13T
1992	119.5B	2002	117.4B	2012	417.2B	2021	1.22T
1993	139.4B	2003	109.5B	2013	478.2B	2022	1.25T
1994	153.1B	2004	106.5B	2014	549.3B	2023	1.3T
1995	159.3B	2005	104.7B	2015	618.5B	2024	1.38T
1996	159.2B	2006	103.3B	2016	689.5B	2025	1.46T
1997	148.5B	2007	109.5B	2017	742B	2026	1.53T
1998	143.6B	2008	145.1B

Government Net Debt (% of GDP)

Global rank: 61 / 86

Data table

1989	9.9%	1999	11%	2009	1.2%	2018	24%
1990	9.6%	2000	7.1%	2010	6.3%	2019	27.8%
1991	12.6%	2001	4.7%	2011	10.5%	2020	36%
1992	18.2%	2002	2.8%	2012	13.7%	2021	35.5%
1993	22%	2003	0.8%	2013	16%	2022	31.4%
1994	23.2%	2004	-1.2%	2014	19%	2023	31%
1995	23%	2005	-3.8%	2015	22%	2024	32.1%
1996	21.3%	2006	-6.3%	2016	23.3%	2025	32.4%
1997	18.1%	2007	-7.2%	2017	23.2%	2026	32.1%
1998	14.6%	2008	-5.3%

Government Net Debt (Local currency - AUD)

Data table

1989	38.61B	1999	70.39B	2009	15.48B	2018	456.5B
1990	39.69B	2000	48.96B	2010	86B	2019	555.5B
1991	52.45B	2001	34.21B	2011	155.2B	2020	711.8B
1992	78.79B	2002	21.58B	2012	209B	2021	784.3B
1993	100.2B	2003	6.25B	2013	251.4B	2022	781.5B
1994	112.2B	2004	-10.97B	2014	307.6B	2023	815.2B
1995	118B	2005	-36.66B	2015	362.2B	2024	875.3B
1996	115.6B	2006	-65.57B	2016	396.9B	2025	925.9B
1997	104.2B	2007	-82.23B	2017	420B	2026	968.3B
1998	88.66B	2008	-65.38B