Government spending in Australia was last recorded at 27.7 percent of GDP in 2020 . source: Australian Government

Government Spending To GDP in Australia averaged 24.30 percent from 1971 until 2020, reaching an all time high of 27.70 percent in 2020 and a record low of 18.30 percent in 1971. This page provides - Australia Government Spending To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Spending To GDP - values, historical data and charts - was last updated on May of 2021.

Government Spending To GDP in Australia is expected to reach 28.00 percent by the end of 2021, 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 27.20 percent in 2022 and 26.90 percent in 2023, according to our econometric models.

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Australia Government Spending To GDP

Actual Previous Highest Lowest Dates Unit Frequency
27.70 24.50 27.70 18.30 1971 - 2020 percent Yearly

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.80 19.20 24.80 -3.40 percent [+]
Government Budget -4.30 0.00 2.20 -4.30 percent of GDP [+]
Government Budget Value -1126.00 1746.00 14307.00 -36988.00 AUD Million [+]
Government Spending 104618.00 103792.00 104618.00 9725.00 AUD Million [+]
Government Revenues 47682.00 45430.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 48808.00 43684.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 27395.00 26840.00 27546.00 2953.00 USD Million [+]
Government Debt 583254.00 619465.00 619465.00 -50019.00 AUD Million [+]
Government Spending To GDP 27.70 24.50 27.70 18.30 percent [+]