Australia vs Japan

Australia vs Japan: Government debt

Government debt: 51.9% of GDP in Australia in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 162.7 percentage points, or 4.19 times that in Australia.

% of GDP · IMF

Australia vs Japan: Government debtGovernment debt: 51.9% of GDP in Australia in 2025 and 213.6% of GDP in Japan in 2024, by IMF estimates. In 2024 the value was higher in Japan, by 162.7 percentage points, or 4.19 times that in Australia.
AustraliaJapanIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Japan has been higher in every year both have figures for since 1989.
  • The IMF projection (World Economic Outlook, October 2026) puts Australia at 54.3% of GDP and Japan at 188.9% of GDP in 2031.

Every year

% of GDP · IMF

YearAustraliaJapan
202551.9204.8
202450.9213.6
202349.4220.1
202250228
202155.4222.6
202056.9228.8
201946.5206.3
201841.6203.7
201741203.1
201640.5202.1
201537.6200.1
201433.9203.6
201330.3201.2
201227.4197.1
201124190.6
201020.3178.6
200916.6172.9
200811.7153.6
20079.6150.4
20069.9152.1
200510.8153.4
200411.9148.8
200313.2140.2
200215134.6
200117.1126.8
200019.5118.5
199922.5113.5
199823.7101.6
199725.991.3
199629.385.3
199531.180.7
199431.773.3
199330.663.2
199227.657.9
199121.654.1
199016.454.8
19891756.9
1988–62.4
1987–65.8
1986–64.2
1985–59.2
1984–56.9
1983–55.1
1982–50.1
1981–45.8
1980–41.4
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearAustraliaJapan
202652.6199.4
202753.2196.4
202853.7193.8
202954.1191.5
203054.3190.1
203154.3188.9

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 Japan

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