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household debts in Australia

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




YearAustralia totalAustralia per capitaEU per capita
199865.17 bn USD3,483 USD14,079 USD
199960.17 bn USD3,179 USD14,032 USD
200057.03 bn USD2,977 USD11,232 USD
200145.54 bn USD2,346 USD11,255 USD
200240.84 bn USD2,078 USD12,258 USD
200342.06 bn USD2,114 USD15,286 USD
200449.75 bn USD2,472 USD17,595 USD
200551.17 bn USD2,509 USD18,327 USD
200649.05 bn USD2,370 USD18,877 USD
200751.90 bn USD2,492 USD20,898 USD
200880.26 bn USD3,777 USD24,086 USD
2009106.78 bn USD4,923 USD25,361 USD
2010163.66 bn USD7,428 USD26,496 USD
2011237.64 bn USD10,637 USD29,231 USD
2012297.48 bn USD13,086 USD28,174 USD
2013335.02 bn USD14,485 USD29,981 USD
2014360.71 bn USD15,365 USD30,648 USD
2015383.74 bn USD16,113 USD25,918 USD
2016380.75 bn USD15,740 USD26,261 USD
2017428.39 bn USD17,418 USD27,024 USD
2018468.75 bn USD18,775 USD28,448 USD
2019506.71 bn USD19,996 USD27,168 USD
2020585.15 bn USD22,808 USD30,783 USD


Comparison of gross debt per capita with the European Union in U.S. dollars



      Australia       European Union


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