AUSTRALIA GENERAL GOVERNMENT STRUCTURAL BALANCE IN PERCENT OF POTENTIAL GDP


THE GENERAL GOVERNMENT STRUCTURAL BALANCE IN PERCENT OF POTENTIAL GDP IN AUSTRALIA WAS REPORTED AT -3.96 PERCENT OF POTENTIAL GDP IN 2009, ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF). THE STRUCTURAL BUDGET BALANCE REFERS TO THE GENERAL GOVERNMENT CYCLICALLY ADJUSTED BALANCE ADJUSTED FOR NONSTRUCTURAL ELEMENTS BEYOND THE ECONOMIC CYCLE. THESE INCLUDE TEMPORARY FINANCIAL SECTOR AND ASSET PRICE MOVEMENTS AS WELL AS ONE-OFF; OR TEMPORARY; REVENUE OR EXPENDITURE ITEMS. THE CYCLICALLY ADJUSTED BALANCE IS THE FISCAL BALANCE ADJUSTED FOR THE EFFECTS OF THE ECONOMIC CYCLE; SEE; FOR EXAMPLE; A. FEDELINO. A. IVANOVA AND M. HORTON ?COMPUTING CYCLICALLY ADJUSTED BALANCES AND AUTOMATIC STABILIZERS? IMF TECHNICAL GUIDANCE NOTE NO. 5; HTTP://WWW.IMF.ORG/EXTERNAL/PUBS/FT/TNM/2009/TNM0905.PDF. IN 2009, AUSTRALIA'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 1.17 PERCENT. IN 2015, AUSTRALIA'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 1.09 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR AUSTRALIA'S GENERAL GOVERNMENT STRUCTURAL BALANCE IN PERCENT OF POTENTIAL GDP.



 australia general government structural balance in percent of potential gdp imf data




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IMF Data Specifications


CountryAustralia
Subject DescriptorGeneral government structural balance
Subject NotesThe structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off; or temporary; revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see; for example; A. Fedelino. A. Ivanova and M. Horton ?Computing Cyclically Adjusted Balances and Automatic Stabilizers? IMF Technical Guidance Note No. 5; http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.
UnitsPercent of potential GDP
Scale 
Country/Series-specific NotesSee notes for: General government structural balance (National currency).
Estimates Start After 
TitleAustralia General government structural balance in percent of potential GDP
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