Overview
Discussions Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
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Highest
42.80 % on Dec 31, 2023
Lowest
−3.40 % on Dec 31, 2008
About Australia Government Debt To GDP
In Australia, government debt to GDP refers to net government debt, ie the sum of interest bearing liabilities less the sum of selected financial assets (cash and deposits, advances paid and investments, loans and placements). Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.