# Australia Government Debt to GDP

Australia Government Debt to GDP was 37.9% in Q2 2026, down 1.0 percentage points from Q1 2026 and down 0.8 percentage points from a year earlier.
That is the lowest reading since Q2 2024.
Among the 38 economies Makrognosis covers on this measure, it is the 7th lowest.
Over the past available history it has ranged from 37.3% (Q2 2023) to 49.8% (Q3 2020), averaging 41.2%.

- Source agency: U.S. Treasury FiscalData
- Makrognosis code: `AU.GOVDEBT.Q.NSA`
- Frequency: quarterly
- Units: % of GDP
- Coverage: 2020-09-01 to 2026-06-01 (24 observations)
- Page: https://makrognosis.robomacro.com/data/australia/government-debt-to-gdp

## Recent data

| Period | Value |
|---|---:|
| Q2 2026 | 37.9% |
| Q1 2026 | 38.9% |
| Q4 2025 | 38.4% |
| Q3 2025 | 39.5% |
| Q2 2025 | 38.7% |
| Q1 2025 | 39.7% |
| Q4 2024 | 38.1% |
| Q3 2024 | 39.4% |
| Q2 2024 | 37.7% |
| Q1 2024 | 39.2% |
| Q4 2023 | 38.8% |
| Q3 2023 | 37.4% |
| Q2 2023 | 37.3% |
| Q1 2023 | 39.8% |
| Q4 2022 | 38.3% |
| Q3 2022 | 39.5% |
| Q2 2022 | 41.1% |
| Q1 2022 | 42.9% |
| Q4 2021 | 45.9% |
| Q3 2021 | 46.7% |
| Q2 2021 | 46.8% |
| Q1 2021 | 47.9% |
| Q4 2020 | 49.6% |
| Q3 2020 | 49.8% |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/AU.GOVDEBT.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/AU.GOVDEBT.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```