Public debt reached 578 USD bil in 2018 in Australia, according to the National Statistical Office. This is 2.75 % more than in the previous year.
Historically, public debt in Australia reached an all time high of 578 USD bil in 2018 and an all time low of 52.3 USD bil in 1989. When compared to Australia's main peers, public debt in Indonesia amounted to 300 USD bil, 191 USD bil in Malaysia, 62.5 USD bil in New Zealand and 7.42 USD bil in Papua New Guinea in 2018.
Australia has been ranked 15th within the group of 167 countries we follow in terms of public debt, 20 places above the position seen 10 years ago.