Cyclically adjusted balance, General government, Percent of potential in Australia
Australia: Cyclically adjusted balance, General government, Percent of potential was -2.47 in 2030. ◆ Volatile
Latest (2030)
-2.47
Change on year
up 0.1%
World rank
47th
of 88 countries
All-time high
1.63
in 2006
All-time low
-8.41
in 2020
Years of data
39
1992–2030
Cyclically adjusted balance, General government, Percent of potential in Australia, 1992–2030
Source: International Monetary Fund.
Analysis
Australia recorded -2.47 for cyclically adjusted balance, general government, percent of potential in 2030.
That represents a change of up 0.1% on the previous year and up 70.7% over ten years.
Over the whole period, cyclically adjusted balance, general government, percent of potential in Australia peaked at 1.63 in 2006 and was at its lowest, -8.41, in 2020.
Australia ranks 47th of 88 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Cyclically adjusted balance, General government, Percent of potential in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | -3.72 | — |
| 1993 | -3.97 | +6.5% |
| 1994 | -3.19 | -19.5% |
| 1995 | -2 | -37.3% |
| 1996 | -0.8139 | -59.3% |
| 1997 | 0.1224 | -115.0% |
| 1998 | 0.1842 | +50.5% |
| 1999 | 0.9455 | +413.2% |
| 2000 | 1.32 | +39.5% |
| 2001 | 0.1316 | -90.0% |
| 2002 | 0.2986 | +126.8% |
| 2003 | 1.02 | +242.7% |
| 2004 | 1.2 | +17.6% |
| 2005 | 1.6 | +32.8% |
| 2006 | 1.63 | +1.8% |
| 2007 | 1.16 | -28.9% |
| 2008 | -1.33 | -215.0% |
| 2009 | -4.45 | +234.3% |
| 2010 | -4.91 | +10.4% |
| 2011 | -4.39 | -10.7% |
| 2012 | -3.79 | -13.5% |
| 2013 | -3.36 | -11.5% |
| 2014 | -3.39 | +0.9% |
| 2015 | -3.23 | -4.7% |
| 2016 | -2.88 | -10.8% |
| 2017 | -2.2 | -23.5% |
| 2018 | -1.7 | -22.8% |
| 2019 | -4.67 | +174.3% |
| 2020 | -8.41 | +80.3% |
| 2021 | -6.28 | -25.4% |
| 2022 | -2.79 | -55.5% |
| 2023 | -2.2 | -21.3% |
| 2024 | -3.15 | +43.1% |
| 2025 | -3.54 | +12.6% |
| 2026 | -3.13 | -11.7% |
| 2027 | -2.75 | -12.3% |
| 2028 | -2.62 | -4.8% |
| 2029 | -2.47 | -5.5% |
| 2030 | -2.47 | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.56 | -3.97 | 0.9455 | 8 |
| 2000s | 0.2577 | -4.45 | 1.63 | 10 |
| 2010s | -3.45 | -4.91 | -1.7 | 10 |
| 2020s | -3.73 | -8.41 | -2.2 | 10 |
| 2030s | -2.47 | -2.47 | -2.47 | 1 |
Countries ranked near Australia
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 36.15 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0006 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 159.37 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 983.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,244 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0192 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.42 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 33.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 49.27 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is cyclically adjusted balance, general government, percent of potential in Australia?
- Cyclically adjusted balance, general government, percent of potential in Australia was -2.47 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted balance, general government, percent of potential recorded in Australia?
- The highest recorded value was 1.63 in 2006.
- What is the lowest cyclically adjusted balance, general government, percent of potential recorded in Australia?
- The lowest recorded value was -8.41 in 2020.
- How does Australia rank for cyclically adjusted balance, general government, percent of potential?
- Australia ranks 47th out of 88 countries with data for 2030.
- Is cyclically adjusted balance, general government, percent of potential rising or falling in Australia?
- Over the last ten years it is up 70.7%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Cyclically adjusted balance, General government, Percent of potential GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October