Australia Government Net Debt to GDP
Australia recorded a Government Debt to GDP of 24.80 percent of the country’s Gross Domestic Product in 2020. Government Debt to GDP in Australia averaged 7.42 percent from 1971 until 2020, reaching an all time high of 24.80 percent in 2020 and a record low of -3.40 percent in 2008. 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. This page provides – Australia Government Debt To GDP – actual values, historical data, forecast, chart, statistics, economic calendar and news.