Net incurrence of liabilities, total (current LCU) in Australia
Australia: Net incurrence of liabilities, total (current LCU) was 81.00 billion current LCU in 2022. ◆ Volatile
Net incurrence of liabilities, total in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Australia recorded 81.00 billion current LCU for net incurrence of liabilities, total in 2022.
Compared with earlier readings it is down 40.0% on the previous year and up 52.3% over ten years.
Over the whole period, net incurrence of liabilities, total in Australia peaked at 178.47 billion current LCU in 2020 and was at its lowest, -16.37 billion current LCU, in 1998.
Australia ranks 59th of 136 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.
Net incurrence of liabilities, total (current LCU) in Australia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | -665.70 million current LCU | — |
| 1973 | -346.80 million current LCU | -47.9% |
| 1974 | -363.30 million current LCU | +4.8% |
| 1975 | 1.58 billion current LCU | -535.3% |
| 1976 | 2.05 billion current LCU | +29.4% |
| 1977 | 1.08 billion current LCU | -47.4% |
| 1978 | 1.67 billion current LCU | +54.7% |
| 1979 | 1.38 billion current LCU | -16.9% |
| 1980 | 1.05 billion current LCU | -24.0% |
| 1981 | -50.80 million current LCU | -104.8% |
| 1982 | -802.60 million current LCU | +1479.9% |
| 1983 | 3.34 billion current LCU | -516.1% |
| 1984 | 6.25 billion current LCU | +87.1% |
| 1985 | 5.67 billion current LCU | -9.4% |
| 1986 | 4.90 billion current LCU | -13.5% |
| 1987 | 2.18 billion current LCU | -55.4% |
| 1988 | -2.70 billion current LCU | -223.8% |
| 1989 | -8.09 billion current LCU | +199.3% |
| 1990 | -7.92 billion current LCU | -2.1% |
| 1991 | -1.95 billion current LCU | -75.4% |
| 1992 | 9.51 billion current LCU | -588.7% |
| 1993 | 14.45 billion current LCU | +51.9% |
| 1994 | 13.64 billion current LCU | -5.6% |
| 1995 | 11.64 billion current LCU | -14.6% |
| 1996 | 4.84 billion current LCU | -58.4% |
| 1997 | -2.06 billion current LCU | -142.6% |
| 1998 | -16.37 billion current LCU | +693.8% |
| 1999 | -5.20 billion current LCU | -68.2% |
| 2000 | -8.60 billion current LCU | +65.5% |
| 2005 | 697.00 million current LCU | -108.1% |
| 2006 | 8.63 billion current LCU | +1138.0% |
| 2007 | 7.75 billion current LCU | -10.2% |
| 2008 | 2.15 billion current LCU | -72.2% |
| 2009 | 55.18 billion current LCU | +2460.4% |
| 2010 | 55.05 billion current LCU | -0.2% |
| 2011 | 52.93 billion current LCU | -3.9% |
| 2012 | 53.17 billion current LCU | +0.4% |
| 2013 | 40.37 billion current LCU | -24.1% |
| 2014 | 61.18 billion current LCU | +51.5% |
| 2015 | 57.33 billion current LCU | -6.3% |
| 2016 | 60.69 billion current LCU | +5.9% |
| 2017 | 83.72 billion current LCU | +37.9% |
| 2018 | 31.59 billion current LCU | -62.3% |
| 2019 | 17.48 billion current LCU | -44.7% |
| 2020 | 178.47 billion current LCU | +921.3% |
| 2021 | 134.90 billion current LCU | -24.4% |
| 2022 | 81.00 billion current LCU | -40.0% |
Australia compared with similar countries
- Australia's 81.00 billion current LCU is above the median for high income countries, which is 9.91 billion current LCU, 8.2× the median. (41 countries reporting)
- Australia's 81.00 billion current LCU is above the median for East Asia & Pacific, which is 3.15 billion current LCU, 25.7× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +2460.4% | 2.15 billion current LCU | 55.18 billion current LCU |
| 1982 | -1479.9% | -50.80 million current LCU | -802.60 million current LCU |
| 2006 | +1138.0% | 697.00 million current LCU | 8.63 billion current LCU |
| 2020 | +921.3% | 17.48 billion current LCU | 178.47 billion current LCU |
| 1998 | -693.8% | -2.06 billion current LCU | -16.37 billion current LCU |
| 1992 | +588.7% | -1.95 billion current LCU | 9.51 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 797.33 million current LCU | -665.70 million current LCU | 2.05 billion current LCU | 8 |
| 1980s | 1.17 billion current LCU | -8.09 billion current LCU | 6.25 billion current LCU | 10 |
| 1990s | 2.06 billion current LCU | -16.37 billion current LCU | 14.45 billion current LCU | 10 |
| 2000s | 10.97 billion current LCU | -8.60 billion current LCU | 55.18 billion current LCU | 6 |
| 2010s | 51.35 billion current LCU | 17.48 billion current LCU | 83.72 billion current LCU | 10 |
| 2020s | 131.46 billion current LCU | 81.00 billion current LCU | 178.47 billion current LCU | 3 |
Countries ranked near Australia
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Frequently asked questions
- What is net incurrence of liabilities, total in Australia?
- Net incurrence of liabilities, total in Australia was 81.00 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Australia?
- The highest recorded value was 178.47 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Australia?
- The lowest recorded value was -16.37 billion current LCU in 1998.
- How does Australia rank for net incurrence of liabilities, total?
- Australia ranks 59th out of 136 countries with data for 2022.
- Is net incurrence of liabilities, total rising or falling in Australia?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.