The ratio of government expenditure to GDP in Australia was forecast to decrease between 2024 and 2029 by in total 0.8 percentage points. This overall decrease does not happen continuously, notably not in 2028 and 2029. The ratio is estimated to amount to 37.17 percent in 2029. This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Find more key insights for the ratio of government expenditure to GDP in countries like Vanuatu, Kiribati, and New Zealand.
Australia: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029
Characteristic
Share of government expenditure in GDP
2029*
37.17%
2028*
37.14%
2027*
37.1%
2026*
37.27%
2025*
38.03%
2024*
38.01%
2023*
37.2%
2022
37.56%
2021
41.7%
2020
44.37%
2019
38.86%
Created with Highcharts 7.2.2Share of government expenditure in GDP38.86%38.86%44.37%44.37%41.7%41.7%37.56%37.56%37.2%37.2%38.01%38.01%38.03%38.03%37.27%37.27%37.1%37.1%37.14%37.14%37.17%37.17%20192020202120222023*2024*2025*2026*2027*2028*2029*
0%10%20%30%40%50%
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IMF. (October 22, 2024). Australia: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph]. In Statista. Retrieved February 12, 2025, from https://www.statista.com/statistics/260547/australias-ratio-of-government-expenditure-to-gross-domestic-product/
IMF. "Australia: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029." Chart. October 22, 2024. Statista. Accessed February 12, 2025. https://www.statista.com/statistics/260547/australias-ratio-of-government-expenditure-to-gross-domestic-product/
IMF. (2024). Australia: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029. Statista. Statista Inc.. Accessed: February 12, 2025. https://www.statista.com/statistics/260547/australias-ratio-of-government-expenditure-to-gross-domestic-product/
IMF. "Australia: Ratio of Government Expenditure to Gross Domestic Product (Gdp) from 2019 to 2029." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/260547/australias-ratio-of-government-expenditure-to-gross-domestic-product/
IMF, Australia: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 Statista, https://www.statista.com/statistics/260547/australias-ratio-of-government-expenditure-to-gross-domestic-product/ (last visited February 12, 2025)
Australia: Ratio of government expenditure to gross domestic product (GDP) from 2019 to 2029 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/260547/australias-ratio-of-government-expenditure-to-gross-domestic-product/
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