Risk Rankings › Australia
Australia — Sovereign Credit Report
Australia's government debt is 73.6% of GDP, interest payments take 3.1% of government revenue, and consumer prices are up 4.2% year over year.
Higher = riskier. Based on 6 of 7 components (95% of the full weight); missing components are left out and the rest re-weighted. How the score works.
What drives the score
| Component | Reading | Risk points (0–100) | Weight | Adds to score |
|---|---|---|---|---|
| Debt-to-GDP | 73.6% of GDP (2025) | 20 | 26% | 5.2 |
| Interest-to-revenue | 3.1% of revenue (2022) | 12 | 26% | 3.2 |
| Credit rating (S&P) | AAA | 0 | 16% | 0.0 |
| Inflation (CPI YoY, gap from 2%) | +4.18% YoY | 22 | 16% | 3.4 |
| Currency, 1-year vs USD | +5.4% vs USD | 13 | 11% | 1.4 |
| Debt trend (1-year change) | +2.2 pts of GDP | 48 | 5% | 2.5 |
| Foreign-held share of debt | Not available for Australia — excluded | |||
The details
Debt
| Gross government debt | 73.6% of GDP |
| Data year | 2025 |
| Change vs. prior year | +2.2 pts |
| Interest / revenue | 3.1% (2022) |
| Foreign-held share | — |
Credit rating
| S&P long-term foreign-currency | AAA |
| Notches below AAA | 0 |
| Investment grade? | Yes |
Ratings current as of 2026-08-10.
Inflation & money
| CPI, year over year | +4.18% |
| CPI, month over month | +0.35% |
| Broad money growth (YoY) | +6.66% |
| QTM implied inflation | +4.58%/yr |
QTM = money growth minus real GDP growth, the Hanke-Greenwood method, with a 12–24 month lag. Full table →
Currency
| AUD per US dollar | 1.4367 |
| Latest day vs USD | +0.31% |
| 1 year vs USD | +5.4% |
+ means the AUD gained against the dollar. Rates as of 2026-10-05. All currencies →
Monetary policy
Policy-rate data isn't tracked for Australia yet.
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Sources: OECD (gross general government debt, CPI); World Bank (interest payments % of revenue, broad money); Eurostat and US Treasury TIC (foreign-held debt); IMF (real GDP growth); ECB via Frankfurter (exchange rates); BIS, Federal Reserve, ECB, Bank of Canada and Bank of England (policy rates); S&P (credit ratings, entered manually). Data refreshed Oct 5, 2026. The Bankrupt Baby Risk Score is our own composite indicator, not a credit rating. Educational content only — not financial advice.