🇨🇳 China vs 🇦🇺 Australia

Analysis

By total government debt, China ranks 2nd-largest and Australia ranks 14th-largest among the 137 sovereigns tracked on this site.

On a per-citizen basis the picture can look different from the nominal totals: a resident's notional share of the national debt in Australia is roughly 2.5× that in China ($38,662 vs $15,185 per person).

The debt-to-GDP picture is asymmetric here: China sits at 99% of GDP, well above Australia's 51%, meaning China owes far more relative to the size of its own economy — even where the nominal, dollar-for-dollar comparison above suggests otherwise.

The gap between them is widening: China's debt is growing faster in dollar terms ($89K/sec vs $4K/sec for Australia), adding roughly $7,326,633,600 to the difference each day.

Scale is part of the story too: China's population (1.41B) is about 52.8× Australia's (27M), which is part of why the nominal and per-capita comparisons above can point in different directions — a government's debt load scales loosely with the size of both its economy and its population, not either alone.

China and Australia are both grouped under this site's “Asia-Pacific” region, so this is, in effect, an intra-regional comparison as well.

This analysis is generated automatically from live data as an educational orientation, not financial advice — see the methodology page for definitions and caveats.