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24Peaks / Oceania / Australia / Government Net Lending and Borrowing (% of GDP)

Australia - Government Net Lending and Borrowing (% of GDP) -1.35

World Bank WDI · updated 2026-10-15 · 158 economies tracked

Latest value

-1.35 (2022)

Global rank

##44 of 158 economies

Share of global total

0.5%

Growth since 1972

-0.71×

Ranking Race — Government Net Lending and Borrowing (% of GDP)

1 = global #1 · higher value ranks higher

#1#23#45#67#89#111#1331972198219922002201220222024#8#442020 overtook Serbia2022 overtook Canada
AustraliaNauruNorwayLesothoMacao

Real annual global ranks, 1972 - 2024. Australia climbed from #8 to #44 (overtook Serbia). Gaps in a lane = missing data that year.

Key events for Australia ↓

Key Events — Australia

Auto-detected from rank data + curated milestones

1983
Floating of the dollar curated

AUD begins floating; financial deregulation follows.

1992
Fell 22 places in global rank auto
1996
Climbed 19 places in global rank auto
1998
Climbed 21 places in global rank auto
2008
Global crisis resilience curated

Avoids recession on the back of China-driven commodity demand.

2009
Fell 22 places in global rank auto
2010
Fell 35 places in global rank auto
2013
Climbed 24 places in global rank auto

Government Net Lending and Borrowing (% of GDP), 1972-2022

World Bank WDI · % of GDP · linear scale · ranking in the race above
197219821992200220122022-6.84-3.89-0.942.01

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Related indicators

Primary Balance (% of GDP), Gross Operating Balance (% of GDP), Current Account Balance

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