24Peaks / Oceania / Australia / Primary Balance (% of GDP)

Australia - Primary Balance (% of GDP) -2.41

IMF GFS (accrual) · updated 2026-10-03 · 102 economies tracked

Latest value

-2.41 (2022)

Global rank

##70 of 102 economies

Share of global total

12.9%

Growth since 2017

3.09×

Ranking Race — Primary Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#17#33#49#65#81201720222025#67#702019 overtook Finland2022 overtook Georgia
AustraliaTürkiyeCanadaNew ZealandUnited States

Real annual global ranks, 2017 - 2025. Australia climbed from #67 to #70 (overtook Finland). Gaps in a lane = missing data that year.

Key events for Australia ↓

Key Events — Australia

Auto-detected from rank data + curated milestones

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

First recession in nearly three decades.

2022
Overtook Georgia in global rank auto
2022
Climbed 18 places in global rank auto

Primary Balance (% of GDP), 2017-2022

IMF GFS (accrual) · % of GDP · linear scale · ranking in the race above
20172022-7.64-5.06-2.480.1

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