24Peaks / Oceania / Australia / Government Fiscal Balance (% of GDP)

Australia - Government Fiscal Balance (% of GDP) -3.51

IMF Government Finance Statistics · updated 2026-10-03 · 48 economies tracked

Latest value

-3.51 (2022)

Global rank

##29 of 48 economies

Share of global total

5.1%

Growth since 2017

1.94×

Ranking Race — Government Fiscal Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#6#11#16#21#26#31201720222025#26#292019 overtook Guatemala2022 overtook North Macedonia
AustraliaTürkiye

Real annual global ranks, 2017 - 2025. Australia climbed from #26 to #29 (overtook Guatemala). Gaps in a lane = missing data that year.

Key events for Australia ↓

Key Events — Australia

Auto-detected from rank data + curated milestones

2019
Overtook Guatemala in global rank auto
2020
COVID-19 recession curated

First recession in nearly three decades.

2022
Overtook North Macedonia in global rank auto

Government Fiscal Balance (% of GDP), 2017-2022

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
20172022-8.14-5.61-3.09-0.56
Free: latest value, global rank and the ranking race. Subscribers unlock full history, multi-country comparison and export — sign up or login.