24Peaks / Oceania / Australia / Government Total Liabilities (% of GDP)

Australia - Government Total Liabilities (% of GDP) 79.58

IMF Government Finance Statistics · updated 2026-10-03 · 78 economies tracked

Latest value

79.58 (2022)

Global rank

##20 of 78 economies

Share of global total

1.8%

Growth since 1999

1.59×

Ranking Race — Government Total Liabilities (% of GDP)

1 = global #1 · higher value ranks higher

#1#10#19#28#37#46#5519901995200020052010201520202025#26#202019 overtook Finland2021 overtook Colombia
AustraliaUnited StatesCanadaNew ZealandTürkiye

Real annual global ranks, 1990 - 2025. Australia climbed from #26 to #20 (overtook Finland). Gaps in a lane = missing data that year.

Key events for Australia ↓

Key Events — Australia

Auto-detected from rank data + curated milestones

2008
Global crisis resilience curated

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

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

First recession in nearly three decades.

2021
Overtook Colombia in global rank auto

Government Total Liabilities (% of GDP), 1999-2022

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
19992004200920142019202231.0152.6974.3896.06
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