Australia Government Debt To Gdp Ratio, Gov Debt Position Parliament Of Australia
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Australia recorded a government debt equivalent to 4510 percent of the countrys gross domestic product in 2019.
Furlough extended in uk. This page provides australia government debt to gdp actual values historical data forecast chart. This page displays a table with actual values consensus figures forecasts statistics and historical data charts for country list government debt to gdp. The table has current values for government debt to gdp previous releases historical highs and record lows release frequency reported unit and.
Germanys debt ratio is currently at 5981 of its gdp. Germanys total debt is at approximately 2291 trillion 2527 trillion usd. Canadas national debt currently sits at about 12 trillion cad 925 billion usd.
It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Australia debt to gdp ratio for 2016 was 005 a 001 increase from 2015. Graph and download economic data for central government debt total of gdp for australia debttlaua188a from 1990 to 2016 about australia debt government and gdp.
Government debt to gdp in australia averaged 2441 percent from 1989 until 2019 reaching an all time high of 4510 percent in 2019 and a record low of 970 percent in 2007. Before government announced its stimulus packages treasury forecasters estimated that government debt would hit 3792 billion by june 30 2021 roughly 185 per cent of australias 2019 gdp. Because debt is a stock rather than a flow it is measured as of a given date usually the last day of the fiscal year.
And that debt will increase to 9662 billion in 2023. The data reached an all time high of 347 in jun 2019 and a record low of 96 in jun 2007. Treasury is forecasting australias net debt position will be 7032 billion for 2020 21 meaning a net debt to gdp ratio of 361 per cent.
This page provides values for government debt to gdp reported in several countries. Government debt as a percent of gdp in the european union norway and iceland in 2017 list of countries by future gross government debt list of countries by tax revenue to gdp ratio. Australias government debt to gdp ratio data is updated yearly available from jun 1999 to jun 2019.
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