
Gross debt in Australia
The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.The gross debt in Australia in the period from 1998 to 2020 was between 40.8 billion and 585.1 billion USD. The highest level of the last years at 585 billion US Dollar was reached in 2020.
Based on the number of inhabitants, this is a debt of 22,808 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.
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Gross debt of the last 22 years in billion USD
Year | Australia total | Australia per capita | EU per capita |
---|---|---|---|
1998 | 65.17 bn USD | 3,483 USD | 14,079 USD |
1999 | 60.17 bn USD | 3,179 USD | 14,032 USD |
2000 | 57.03 bn USD | 2,977 USD | 11,232 USD |
2001 | 45.54 bn USD | 2,346 USD | 11,255 USD |
2002 | 40.84 bn USD | 2,078 USD | 12,258 USD |
2003 | 42.06 bn USD | 2,114 USD | 15,286 USD |
2004 | 49.75 bn USD | 2,472 USD | 17,595 USD |
2005 | 51.17 bn USD | 2,509 USD | 18,327 USD |
2006 | 49.05 bn USD | 2,370 USD | 18,877 USD |
2007 | 51.90 bn USD | 2,492 USD | 20,898 USD |
2008 | 80.26 bn USD | 3,777 USD | 24,086 USD |
2009 | 106.78 bn USD | 4,923 USD | 25,361 USD |
2010 | 163.66 bn USD | 7,428 USD | 26,496 USD |
2011 | 237.64 bn USD | 10,637 USD | 29,231 USD |
2012 | 297.48 bn USD | 13,086 USD | 28,174 USD |
2013 | 335.02 bn USD | 14,485 USD | 29,981 USD |
2014 | 360.71 bn USD | 15,365 USD | 30,648 USD |
2015 | 383.74 bn USD | 16,113 USD | 25,918 USD |
2016 | 380.75 bn USD | 15,740 USD | 26,261 USD |
2017 | 428.39 bn USD | 17,418 USD | 27,024 USD |
2018 | 468.75 bn USD | 18,775 USD | 28,448 USD |
2019 | 506.71 bn USD | 19,996 USD | 27,168 USD |
2020 | 585.15 bn USD | 22,808 USD | 30,783 USD |