Public Debt in Australia
Public debt in Australia averaged 34% of GDP in the decade to 2024, above the average for Australia & New Zealand of 34% of GDP. Public debt in 2024 was 49.8% of GDP. For more information on public debt, visit our dedicated page
Australia Public Debt Chart
Note: This chart displays Public Debt (% of GDP) for Australia from 2023 to 2024.
Source: Macrobond.
Australia Public Debt Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 57.1 | 55.5 | 50.2 | 49.0 | 49.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian public debt projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable public debt forecast available for Australian public debt.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian public debt projections.
Want to get access to the full dataset of Australian public debt forecasts? Send an email to info@focus-economics.com.