National Debt

A clear, honest view of the nation's debt — domestic and external obligations.

Total National Debt

$11.5B

1.8%

Debt to GDP

82.5%

Improving trend

-0.3%

Annual Interest

$580.0M

Cost of servicing debt

5-Year Repayment

$5.6B

Principal + Interest

Domestic

$6.2B

53.9% of total

External

$5.3B

46.1% of total

Improving

Debt-to-GDP peaked at 85% in 2020/21 due to COVID-19. The ratio has been gradually declining as the economy recovers.

Source: Debt Report 2024-25.pdf, Central Bank Quarterly Bulletin