Government spending in Australia was last recorded at 26.5 percent of GDP in 2024 . Government Spending to GDP in Australia averaged 24.50 percent of GDP from 1971 until 2024, reaching an all time high of 31.40 percent of GDP in 2021 and a record low of 18.30 percent of GDP in 1971. source: Australian Government
Government Spending to GDP in Australia is expected to reach 26.80 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Spending To GDP is projected to trend around 26.40 percent of GDP in 2026, according to our econometric models.