Enough to purchase 7,235 Boeing 737 jets - a decent-sized airline fleet.
DebtClock.io
National Debt of Australia
1,161,862,669,000 $
Updated: - Data from IMF/World Bank/ECB
Debt as % of GDP
43.77%
Latest year: 2024
Debt (nominal)
1,161,862,669,000 $
AUD / USD toggle below
GDP (nominal)
2,654,411,982,820 $
Latest year: 2024
Population
25,687,041
Latest year: 2024
Interest per Year
34,855,880,070 $
≈ 1,105 $ / second
Debt per Citizen
45,231 $
Based on latest pop
Inflation (CPI, %)
3.16%
Year: 2024
GDP growth (%, real)
1.43%
Year: 2024
Unemployment (%)
4.07%
Year: 2024
Budget balance (% GDP)
-1.35%
Year: 2022
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Historical Trends
Debt-to-GDP (%)
Inflation (CPI, %)
GDP growth (% real)
Unemployment (%)
Budget balance (% of GDP)
Australia Economy Snapshot
The economy of Australia shows steady performance, with a nominal GDP of 2.7 trillion $ and average income of about 103,337 $ per person. Moderate inflation at 3.16%, while the economy posted modest growth of 1.43%. Low unemployment around 4.07%, and the government runs a substantial 1.35% fiscal deficit. The current exchange rate is 0.66 USD/AUD.
| GDP (nominal) | 2,654,411,982,820 $ |
|---|---|
| GDP per capita | 103,337 $ |
| Inflation | 3.16% |
| GDP growth | 1.43% |
| Unemployment | 4.07% |
| Budget balance | -1.35% |
| FX (USD/AUD) | 0.66 |
Australia Economy Facts
That equals about 2,556,508 family homes priced at $300,000 each.
Equal to 403.7 million ounces of gold at ~$1,900 per ounce.
Country Comparison
| Country | Debt as % of GDP | GDP (USD) |
|---|---|---|
 Grenada | 42.90% | $ 1.4B |
 Bangladesh | 43.48% | $ 450.1B |
| Australia | 43.77% | $ 1,752.2B |
 Czechia | 43.85% | $ 345.0B |
 Nepal | 44.28% | $ 42.9B |