Australia vs South Africa

Australia vs South Africa: Government debt

Government debt: 51.9% of GDP in Australia in 2025 and 76% of GDP in South Africa in 2024, by IMF estimates. In 2024 the value was higher in South Africa, by 25 percentage points, or 1.49 times that in Australia.

% of GDP · IMF

Australia vs South Africa: Government debtGovernment debt: 51.9% of GDP in Australia in 2025 and 76% of GDP in South Africa in 2024, by IMF estimates. In 2024 the value was higher in South Africa, by 25 percentage points, or 1.49 times that in Australia.
AustraliaSouth AfricaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • South Africa has been higher in every year both have figures for since 2000.
  • The IMF projection (World Economic Outlook, October 2026) puts Australia at 54.3% of GDP and South Africa at 79.8% of GDP in 2031.

Every year

% of GDP · IMF

YearAustraliaSouth Africa
202551.978.4
202450.976
202349.473.2
20225070.7
202155.468.8
202056.968.9
201946.556.1
201841.651.5
20174148.6
201640.547.1
201537.645.2
201433.943.3
201330.340.4
201227.437.4
20112434.7
201020.331.2
200916.627
200811.724.1
20079.624.3
20069.928
200510.829.6
200411.930.7
200313.231.5
20021531.8
200117.138.1
200019.537.9
199922.5–
199823.7–
199725.9–
199629.3–
199531.1–
199431.7–
199330.6–
199227.6–
199121.6–
199016.4–
198917–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearAustraliaSouth Africa
202652.678
202753.278.1
202853.778.8
202954.179.5
203054.379.7
203154.379.8

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 South Africa

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