Government finances

Central government data (World Bank WDI). Not directly comparable with EU Maastricht figures which use general government.

Government debt
57.9% GDP
2022
Govt expenditure
27.6% GDP
2022
Budget deficit
1.3% GDP
2022

Price level

Australia is 9.9% cheaper than the USA overall (2025). Index: USA = 100.

Overall price level
90.1(USA=100)
2025

Source: World Bank WDI (PA.NUS.PPP / PA.NUS.FCRF × 100). GDP price level only.

Government debt since 2008

YearDebt (% GDP)Change
200818.1—
200923.8+5.7
201028.6+4.8
201130+1.4
201239.3+9.3
201337.4-1.9
201441.5+4.1
201546.3+4.8
201654.5+8.2
201753.1-1.4
201854.3+1.2
201960+5.7
202069.1+9.1
202169.8+0.8
202257.9-12

Data sources

DatasetSourceCoverage
Govt debt / expenditure / revenue / surplusWorld Bank WDI (GC.* indicators)2000–2024
Price level index (USA=100)World Bank WDI PPP/XR ratio1990–2023
Labour tax wedgeEurostat earn_nt_taxrateEEA/EU only
Statutory tax ratesOECD / EC Taxation Trends 2024EU+EFTA only
Australia — nstate — nstate