Australia vs India

Australia vs India: Government debt

Government debt: 51.9% of GDP in Australia in 2025 and 84.8% of GDP in India in 2024, by IMF estimates. In 2024 the value was higher in India, by 33.9 percentage points, or 1.66 times that in Australia.

% of GDP · IMF

Australia vs India: Government debtGovernment debt: 51.9% of GDP in Australia in 2025 and 84.8% of GDP in India in 2024, by IMF estimates. In 2024 the value was higher in India, by 33.9 percentage points, or 1.66 times that in Australia.
AustraliaIndiaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • India has been higher in every year both have figures for since 1991.
  • The IMF projection (World Economic Outlook, October 2026) puts Australia at 54.3% of GDP and India at 75.1% of GDP in 2031.

Every year

% of GDP · IMF

YearAustraliaIndia
202551.984.3
202450.984.8
202349.484.8
20225084.4
202155.485.5
202056.990.4
201946.576.5
201841.671.6
20174170.7
201640.569.8
201537.669.7
201433.967.6
201330.368
201227.468.1
20112468.7
201020.367.7
200916.672.7
200811.774.3
20079.675.4
20069.977.9
200510.882.4
200411.984.9
200313.285.9
20021584.3
200117.180.1
200019.574.9
199922.571.3
199823.769.3
199725.969
199629.367.1
199531.170.9
199431.774.8
199330.678.3
199227.678.8
199121.676.7
199016.4–
198917–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearAustraliaIndia
202652.683.1
202753.281.3
202853.779.9
202954.178.4
203054.377
203154.375.1

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Australia vs India

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