Australia vs Malaysia: Central government debt, total

Australia
1.35 trillion current LCU
in 2022
Malaysia
1.25 trillion current LCU
in 2024
Australia rank
34th
Malaysia rank
37th

Central government debt, total over time

  • Australia
  • Malaysia
0500.0B1.0T1.5T199020072024

How they compare

Australia currently reports 1.35 trillion current LCU against 1.25 trillion current LCU in Malaysia, a difference of 105.07 billion current LCU.

That makes Australia's figure about 1.1 times Malaysia's.

The two have swapped places 3 times across 27 shared years of data; in 1990 it was Malaysia ahead.

Australia ranks 34th and Malaysia ranks 37th of 83 countries.

Across the 4 decades both report, Australia averaged higher in 2 and Malaysia in 2.

Head to head by decade

Decade Australia Malaysia Difference Ahead
1990s 73.33 billion current LCU 95.19 billion current LCU 21.86 billion current LCU Malaysia
2000s 218.85 billion current LCU 247.10 billion current LCU 28.25 billion current LCU Malaysia
2010s 741.27 billion current LCU 598.74 billion current LCU 142.53 billion current LCU Australia
2020s 1.40 trillion current LCU 979.65 billion current LCU 415.91 billion current LCU Australia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher central government debt, total, Australia or Malaysia?
Australia, at 1.35 trillion current LCU against 1.25 trillion current LCU in Malaysia as of 2022.
What is the difference in central government debt, total between Australia and Malaysia?
105.07 billion current LCU, with Australia ahead.
How many years of comparable data are there for Australia and Malaysia?
27 years are reported by both, from 1990 to 2022.
How do Australia and Malaysia rank globally for central government debt, total?
Australia ranks 34th and Malaysia ranks 37th of 83 countries.
Where does this data come from?
Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Central government debt, total (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs Malaysia: Central government debt, total. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 19 August 2026, from https://public-sector.statizoid.com/compare/central-government-debt-total-current-lcu/australia/malaysia/

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About this data

Indicator
Central government debt, total (current LCU)
Unit
current LCU
Source
Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
83 places, 1,590 data points, 1970–2024
Last refreshed

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.