24Peaks / Oceania / Australia / Government Interest Expenditure (% of GDP)

Australia - Government Interest Expenditure (% of GDP) 1.07

IMF Government Finance Statistics · updated 2026-10-03 · 50 economies tracked

Latest value

1.07 (2022)

Global rank

##20 of 50 economies

Share of global total

1.9%

Growth since 2017

0.86×

Ranking Race — Government Interest Expenditure (% of GDP)

1 = global #1 · higher value ranks higher

#1#4#7#10#13#16#19#22201720222025#22#202019 overtook Türkiye2022 overtook Kazakhstan
AustraliaTürkiye

Real annual global ranks, 2017 - 2025. Australia climbed from #22 to #20 (overtook Türkiye). Gaps in a lane = missing data that year.

Key events for Australia ↓

Key Events — Australia

Auto-detected from rank data + curated milestones

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

First recession in nearly three decades.

2022
Overtook Kazakhstan in global rank auto

Government Interest Expenditure (% of GDP), 2017-2022

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
201720221.071.151.241.32
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