Makrognosis

Australia Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:AU

Model score90 / 1009 Nov 2026
Grade equivalentAAmodel-implied
BandUpper investment grade0–100 scale, 100 = strongest
Rank11th of 84economies scored

Makrognosis sovereign credit model scores Australia at 90 out of 100 as of 9 November 2026, equivalent to AA on the familiar letter scale — upper investment grade.

The score is up 0.7 points from 90 on 1 October 2026.

That places Australia 11th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 37.9% of GDP, a fiscal balance of −2.6% of GDP, a current account balance of −3.2% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Australia sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 202680859095Robomacro
Australia sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202690.2AA
1 October 202689.5AA
31 July 202689.5AA
30 July 202695.6AA+
26 July 202694.7AA+
21 June 202681.7A+
18 June 202688.0AA
Get the Australia sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/AU"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/AU",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Australia, from official national and international statistics.

InputValueVintage
GDP per capitaUS$24,9712026
Real GDP growth, 5-year average2.9%2026
Inflation, recent average3.9%2026
Government debt37.9% of GDP2026
Fiscal balance−2.6% of GDP2026
Current account balance−3.2% of GDP2026
Foreign-exchange reserves1.6 months of imports2026
Governance (World Bank WGI composite)1.532026

How Australia compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
6Germany9 Nov 202694
7Ireland9 Nov 202694
8Sweden9 Nov 202694
9Norway9 Nov 202694
10Canada9 Nov 202691
11Australia9 Nov 202690
12Japan9 Nov 202689
13United Kingdom9 Nov 202688
14Finland9 Nov 202688
15United States9 Nov 202687
16New Zealand9 Nov 202685
17South Korea9 Nov 202685

All 84 economies ranked →

Australia economic indicators

Australia GDP (Gross Domestic Product)Australia GDP, Current Prices, Seasonally AdjustedAustralia CPI: All Groups, OriginalAustralia Inflation Rate (CPI)Australia CPI: Trimmed Mean, Seasonally Adjusted (8 capital cities)Australia Core Inflation RateAustralia Unemployment RateAustralia 10-Year Government Bond YieldAustralia Credit to the private sector outstanding (RBA table D2 DLCACFS)Australia Producer Price Inflation (PPI)Australia Balance of Payments: Current Account Balance, SAAustralia Trade Balance: Goods & ServicesAustralia Exports of goods & services (national accounts, real) (ABS ANA_EXP)Australia Trade in Goods: Exports (Credits), Seasonally AdjustedAustralia Imports of goods & services (national accounts, real) (ABS ANA_EXP)Australia Trade in Goods: Imports (positive magnitude; ABS debit sign stripped on ingest)

FAQ

What is Australia's credit rating?
Makrognosis sovereign credit model scores Australia at 90/100 as of 9 November 2026, equivalent to AA (upper investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/AU returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.