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 2021 was between 40.8 billion and 682.5 billion USD. The highest level of the last years at 682 billion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 26,567 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,827 USD.

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Gross debt of the last 23 years in billion USD

YearAustralia totalAustralia per capitaEU per capita
199865.08 bn USD3,478 USD14,079 USD
199960.11 bn USD3,176 USD14,032 USD
200056.95 bn USD2,973 USD11,241 USD
200145.45 bn USD2,341 USD11,263 USD
200240.78 bn USD2,075 USD12,266 USD
200341.95 bn USD2,108 USD15,295 USD
200449.63 bn USD2,466 USD17,606 USD
200551.06 bn USD2,504 USD18,337 USD
200648.98 bn USD2,366 USD18,887 USD
200751.84 bn USD2,489 USD20,910 USD
200880.22 bn USD3,775 USD24,100 USD
2009106.66 bn USD4,917 USD25,376 USD
2010163.43 bn USD7,418 USD26,515 USD
2011237.48 bn USD10,630 USD29,254 USD
2012297.50 bn USD13,086 USD28,198 USD
2013334.90 bn USD14,480 USD30,008 USD
2014360.94 bn USD15,375 USD30,677 USD
2015384.27 bn USD16,135 USD25,944 USD
2016381.47 bn USD15,769 USD26,287 USD
2017429.39 bn USD17,459 USD27,108 USD
2018470.20 bn USD18,833 USD28,543 USD
2019508.77 bn USD20,078 USD27,264 USD
2020580.20 bn USD22,615 USD30,919 USD
2021682.45 bn USD26,567 USD33,827 USD

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

      Australia       European Union

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