AUSTRALIA GOVERNMENT DEBT TO GDP

Australia recorded a Current Account equivalent to 22.90 percent of the country's Gross Domestic Product in 2011. Historically, from 1989 until 2011, Australia Government Debt To GDP averaged 19.8 Percent reaching an all time high of 31.5 Percent in December of 1994 and a record low of 9.5 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 includes a chart with historical data for Australia Government Debt To GDP.


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Australia Government Debt To GDP


Government Debt to GDP
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.



AUSTRALIA NEWS

Australia's Unemployment Down to 4.9% in April
Published: 5/10/2012 11:58:25 AM By: TradingEconomics.com, ABS
Australia's unemployment rate decreased 0.2 pts to 4.9%. The male unemployment rate decreased 0.2 pts to 4.8% and the female unemployment rate decreased 0.2 pts to 5.1%.

Australia Reports Trade Deficit for Third Month
Published: 5/8/2012 11:31:23 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $1,587m in March 2012, a rise of $833m on the deficit in February 2012.

Australia Cuts Rates to 3.75%
Published: 5/1/2012 11:30:40 AM By: TradingEconomics.com, RBA
At its meeting on May 1st, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated.

Australian Annual Inflation Down to 1.6% in Q1
Published: 4/24/2012 11:49:36 AM By: TradingEconomics.com, ABS
The CPI rose 1.6% through the year to the March quarter 2012, compared with a rise of 3.1% through the year to the December quarter 2011.

Australia's Unemployment Rate Steady at 5.2% in March
Published: 4/12/2012 11:31:07 AM By: TradingEconomics.com, ABS
Employment increased 44,000 (0.4%) to 11,491,200. Full-time employment increased 15,800 (0.2%) to 8,080,400 and part-time employment increased 28,200 (0.8%) to 3,410,900.

Australia Reports Trade Deficit in February
Published: 4/4/2012 11:03:26 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, the balance on goods and services was a deficit of $480m in February 2012, a fall of $491m on the deficit in January 2012.

Reserve Bank of Australia Leaves Interest Rates Steady
Published: 4/3/2012 1:34:36 PM By: TradingEconomics.com, RBA
The board of the Reserve Bank of Australia has left interest rates unchanged at 4.25 per cent at its monthly meeting.

Australia Reports Trade Deficit in January
Published: 3/9/2012 11:40:09 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, Australia reported a trade deficit of $673m in January 2012, a turnaround of $1,998m on the surplus in December 2011.

Australia's Unemployment Rate Up to 5.2% in February
Published: 3/8/2012 12:29:16 PM By: TradingEconomics.com, ABS
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.2 per cent in February.

Australia's GDP Growth Slows in Q4
Published: 3/7/2012 11:15:41 AM By: TradingEconomics.com, ABS
In seasonally adjusted terms, GDP increased 0.4% in the December quarter; through the year GDP growth was 2.3%.

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