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Australia Fiscal Balance
-2.3% GDPas of 2024
Australia's fiscal balance stands at -2.3% GDP as of 2024. The indicator has increased from -2.9% in 2014 to -2.3% in 2024. Source: IMF WEO.
Historical trend (2014–2024)
Fiscal Balance — Year by Year
| Year | Value | Change |
|---|---|---|
| 2014 | -2.9% GDP | — |
| 2015 | -2.8% GDP | +0.1pp |
| 2016 | -2.4% GDP | +0.4pp |
| 2017 | -1.7% GDP | +0.7pp |
| 2018 | -1.3% GDP | +0.4pp |
| 2019 | -4.4% GDP | -3.1pp |
| 2020 | -8.7% GDP | -4.3pp |
| 2021 | -6.4% GDP | +2.3pp |
| 2022 | -2.2% GDP | +4.2pp |
| 2023 | -1.3% GDP | +0.9pp |
| 2024 | -2.3% GDP | -1.0pp |
Source: IMF WEO. Data retrieved from World Bank WDI and IMF WEO databases. Values represent official estimates; may be subject to revision.