Net lending (+) / net borrowing (-) in Australia
Australia: Net lending (+) / net borrowing (-) was -31.49 billion current LCU in 2022. ◆ Volatile
Net lending (+) / net borrowing (-) in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, net lending (+) / net borrowing (-) in Australia stood at -31.49 billion current LCU.
The figure is up 78.0% on the previous year and up 33.1% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Australia peaked at 22.44 billion current LCU in 2008 and was at its lowest, -143.09 billion current LCU, in 2021.
That places Australia 90th out of 156 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) in Australia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 847.00 million current LCU | — |
| 1973 | 299.00 million current LCU | -64.7% |
| 1974 | 1.05 billion current LCU | +252.8% |
| 1975 | 69.00 million current LCU | -93.5% |
| 1976 | -1.52 billion current LCU | -2298.6% |
| 1977 | -1.18 billion current LCU | -22.0% |
| 1978 | -1.95 billion current LCU | +64.9% |
| 1979 | -2.09 billion current LCU | +7.0% |
| 1980 | -1.26 billion current LCU | -39.5% |
| 1981 | -114.00 million current LCU | -91.0% |
| 1982 | 435.00 million current LCU | -481.6% |
| 1983 | -3.25 billion current LCU | -847.1% |
| 1984 | -6.87 billion current LCU | +111.2% |
| 1985 | -5.88 billion current LCU | -14.3% |
| 1986 | -5.00 billion current LCU | -15.1% |
| 1987 | -2.24 billion current LCU | -55.1% |
| 1988 | 1.72 billion current LCU | -176.8% |
| 1989 | 6.16 billion current LCU | +257.2% |
| 1990 | 6.70 billion current LCU | +8.8% |
| 1991 | 387.00 million current LCU | -94.2% |
| 1992 | -11.57 billion current LCU | -3089.9% |
| 1993 | -16.98 billion current LCU | +46.8% |
| 1994 | -17.00 billion current LCU | +0.1% |
| 1995 | -15.98 billion current LCU | -6.0% |
| 1996 | -9.17 billion current LCU | -42.6% |
| 1997 | -2.24 billion current LCU | -75.5% |
| 1998 | 11.73 billion current LCU | -623.0% |
| 1999 | 3.43 billion current LCU | -70.7% |
| 2000 | 13.31 billion current LCU | +287.9% |
| 2001 | 6.26 billion current LCU | -53.0% |
| 2002 | -3.33 billion current LCU | -153.2% |
| 2003 | 6.45 billion current LCU | -293.6% |
| 2004 | 7.01 billion current LCU | +8.7% |
| 2005 | 11.56 billion current LCU | +64.8% |
| 2006 | 17.22 billion current LCU | +48.9% |
| 2007 | 17.75 billion current LCU | +3.1% |
| 2008 | 22.44 billion current LCU | +26.4% |
| 2009 | -30.78 billion current LCU | -237.1% |
| 2010 | -52.42 billion current LCU | +70.3% |
| 2011 | -53.70 billion current LCU | +2.4% |
| 2012 | -47.10 billion current LCU | -12.3% |
| 2013 | -22.79 billion current LCU | -51.6% |
| 2014 | -35.33 billion current LCU | +55.0% |
| 2015 | -42.41 billion current LCU | +20.0% |
| 2016 | -38.74 billion current LCU | -8.7% |
| 2017 | -30.85 billion current LCU | -20.4% |
| 2018 | -9.11 billion current LCU | -70.5% |
| 2019 | -2.75 billion current LCU | -69.9% |
| 2020 | -98.52 billion current LCU | +3487.9% |
| 2021 | -143.09 billion current LCU | +45.2% |
| 2022 | -31.49 billion current LCU | -78.0% |
Australia compared with similar countries
- Australia's -31.49 billion current LCU is below the median for high income countries, which is -2.76 billion current LCU, 11.4× the median. (57 countries reporting)
- Australia's -31.49 billion current LCU is below the median for East Asia & Pacific, which is -24.64 million current LCU, 1277.8× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Net lending (+) / net borrowing (-) 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 |
|---|---|---|---|
| 2020 | -3487.9% | -2.75 billion current LCU | -98.52 billion current LCU |
| 1992 | -3089.9% | 387.00 million current LCU | -11.57 billion current LCU |
| 1976 | -2298.6% | 69.00 million current LCU | -1.52 billion current LCU |
| 1983 | -847.1% | 435.00 million current LCU | -3.25 billion current LCU |
| 1998 | +623.0% | -2.24 billion current LCU | 11.73 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -559.12 million current LCU | -2.09 billion current LCU | 1.05 billion current LCU | 8 |
| 1980s | -1.63 billion current LCU | -6.87 billion current LCU | 6.16 billion current LCU | 10 |
| 1990s | -5.07 billion current LCU | -17.00 billion current LCU | 11.73 billion current LCU | 10 |
| 2000s | 6.79 billion current LCU | -30.78 billion current LCU | 22.44 billion current LCU | 10 |
| 2010s | -33.52 billion current LCU | -53.70 billion current LCU | -2.75 billion current LCU | 10 |
| 2020s | -91.03 billion current LCU | -143.09 billion current LCU | -31.49 billion current LCU | 3 |
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Frequently asked questions
- What is net lending (+) / net borrowing (-) in Australia?
- Net lending (+) / net borrowing (-) in Australia was -31.49 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Australia?
- The highest recorded value was 22.44 billion current LCU in 2008.
- What is the lowest net lending (+) / net borrowing (-) recorded in Australia?
- The lowest recorded value was -143.09 billion current LCU in 2021.
- How does Australia rank for net lending (+) / net borrowing (-)?
- Australia ranks 90th out of 156 countries with data for 2022.
- Is net lending (+) / net borrowing (-) rising or falling in Australia?
- Over the last ten years it is up 33.1%. 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 lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.