Australia Government Debt To GDP

Australia recorded a Government Debt to GDP of 20.70 percent of the countrys Gross Domestic Product in 2012. Government Debt To GDP in Australia is reported by the AOFM, Australia. From 1989 until 2012, Australia Government Debt To GDP averaged 19.9 Percent reaching an all time high of 31.7 Percent in December of 1994 and a record low of 9.7 Percent in December of 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Australia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
20.70 22.90 31.70 9.70 18.70 | 2013/12 1989 - 2012 Percent Yearly

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Australia Government Debt To GDP
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 20.70 2012-12-31 22.90 31.70 9.70 18.70 2013-12-31 Percent [+]
Government Budget Value 5506.00 2014-02-15 -6619.00 13995.00 -13933.00 -3023.92 2014-03-31 AUD Million [+]
Government Spending 68247.00 2013-11-15 68011.00 68247.00 8290.00 69242.69 2014-03-31 AUD Million [+]
Government Budget -1.20 2013-06-30 -2.90 2.00 -4.30 -1.40 2013-12-31 Percent of GDP [+]
Credit Rating 96.54 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


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