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Sri lanka government gazette 2020 july. This page provides values for government debt to gdp reported in several countries. 4 other measures of financial position. The statistic shows australias public debt from 2014 to 2018 in relation to the gross domestic product gdp with projections up until 2024.
The net government debt is gross government debt less its financial assets which is often expressed as a percentage of gross domestic product gdp or debt to gdp ratio. Australia debt to gdp ratio for 2016 was 005 a 001 increase from 2015. The table has current values for government debt to gdp previous releases historical highs and record lows release frequency reported unit and.
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. The governments responsible fiscal management meant it was well placed to provide an unprecedented level of support to households and businesses. Australias projected net debt position across all governments is estimated to be 1 per cent of gdp compared with 48 per cent of gdp for the oecd.
The latest comprehensive information for australia government debt to gdp including latest news historical data table charts and more. This page provides australia government debt to gdp actual values historical data forecast chart. Australias government debt accounted for 347 of the countrys nominal gdp in jun 2019 compared with the ratio of 337 in the previous year.
As at 6 march 2020 the gross australian government debt was 5731 billion. 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. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government.
As at 11 april 2017 the gross australian government debt was 55175 billion. 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. Australia recorded a government debt equivalent to 4510 percent of the countrys gross domestic product in 2019.
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