Share of government expenditure going to interest payments in Australia
Australia: Share of government expenditure going to interest payments was 2.97 in 2022. ▼ Falling
Latest (2022)
2.97
Change on year
up 15.7%
World rank
113th
of 152 countries
All-time high
10.82
in 1987
All-time low
1.43
in 2009
Years of data
51
1972–2022
Share of government expenditure going to interest payments in Australia, 1972–2022
Source: Our World in Data.
Analysis
In 2022, share of government expenditure going to interest payments in Australia stood at 2.97.
Compared with earlier readings it is up 15.7% on the previous year and down 10.3% over ten years.
Over the whole period, share of government expenditure going to interest payments in Australia peaked at 10.82 in 1987 and was at its lowest, 1.43, in 2009.
Australia ranks 113th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 51 years of available data.
Share of government expenditure going to interest payments in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1972 | 7.62 | — |
| 1973 | 7.31 | -4.1% |
| 1974 | 6.47 | -11.4% |
| 1975 | 5.84 | -9.7% |
| 1976 | 4.91 | -16.1% |
| 1977 | 6.23 | +27.0% |
| 1978 | 6.45 | +3.5% |
| 1979 | 7.03 | +9.1% |
| 1980 | 7.08 | +0.7% |
| 1981 | 7.16 | +1.1% |
| 1982 | 7.04 | -1.6% |
| 1983 | 6.97 | -1.0% |
| 1984 | 7.63 | +9.4% |
| 1985 | 9.09 | +19.2% |
| 1986 | 10.37 | +14.1% |
| 1987 | 10.82 | +4.3% |
| 1988 | 9.75 | -10.0% |
| 1989 | 9.14 | -6.2% |
| 1990 | 8.34 | -8.8% |
| 1991 | 6.44 | -22.8% |
| 1992 | 5.56 | -13.7% |
| 1993 | 4.88 | -12.2% |
| 1994 | 5.66 | +16.0% |
| 1995 | 6.48 | +14.5% |
| 1996 | 7.14 | +10.1% |
| 1997 | 7.25 | +1.6% |
| 1998 | 6.81 | -6.2% |
| 1999 | 7.75 | +13.9% |
| 2000 | 6.57 | -15.3% |
| 2001 | 3.45 | -47.5% |
| 2002 | 2.86 | -17.2% |
| 2003 | 2.45 | -14.2% |
| 2004 | 1.96 | -20.0% |
| 2005 | 1.81 | -7.5% |
| 2006 | 1.68 | -7.3% |
| 2007 | 1.55 | -7.6% |
| 2008 | 1.46 | -5.8% |
| 2009 | 1.43 | -2.1% |
| 2010 | 2.01 | +40.3% |
| 2011 | 2.71 | +34.8% |
| 2012 | 3.31 | +22.2% |
| 2013 | 3.28 | -1.0% |
| 2014 | 3.26 | -0.6% |
| 2015 | 3.53 | +8.3% |
| 2016 | 3.61 | +2.3% |
| 2017 | 3.56 | -1.3% |
| 2018 | 3.68 | +3.2% |
| 2019 | 3.52 | -4.2% |
| 2020 | 2.96 | -16.0% |
| 2021 | 2.57 | -13.2% |
| 2022 | 2.97 | +15.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.48 | 4.91 | 7.62 | 8 |
| 1980s | 8.51 | 6.97 | 10.82 | 10 |
| 1990s | 6.63 | 4.88 | 8.34 | 10 |
| 2000s | 2.52 | 1.43 | 6.57 | 10 |
| 2010s | 3.25 | 2.01 | 3.68 | 10 |
| 2020s | 2.84 | 2.57 | 2.97 | 3 |
Countries ranked near Australia
More reference data data for Australia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 28.02 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 38.41 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 38.41 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.07 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 6.14 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 118.71 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 170.29 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 13.9 (2050)
Frequently asked questions
- What is share of government expenditure going to interest payments in Australia?
- Share of government expenditure going to interest payments in Australia was 2.97 in 2022, according to Our World in Data.
- What is the highest share of government expenditure going to interest payments recorded in Australia?
- The highest recorded value was 10.82 in 1987.
- What is the lowest share of government expenditure going to interest payments recorded in Australia?
- The lowest recorded value was 1.43 in 2009.
- How does Australia rank for share of government expenditure going to interest payments?
- Australia ranks 113th out of 152 countries with data for 2022.
- Is share of government expenditure going to interest payments rising or falling in Australia?
- Over the last ten years it is down 10.3%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from Our World in Data, published as part of Share of government expenditure going to interest payments. Statizoid updates them automatically from the source API.
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