Cash surplus/deficit (% of GDP) for Australia
CASHBLAUA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.38
Year-over-Year Change
-67.24%
Date Range
1/1/1972 - 1/1/2014
Summary
The cash surplus/deficit (% of GDP) for Australia measures the government's net fiscal position, representing the difference between cash receipts and cash payments as a percentage of GDP.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend provides insight into the fiscal health and policy stance of the Australian government, as a deficit indicates government spending exceeds revenue while a surplus reflects the opposite.
Methodology
The data is collected and calculated by the Australian Bureau of Statistics.
Historical Context
Analysts and policymakers use this metric to assess the sustainability of Australia's fiscal policy and its potential macroeconomic impacts.
Key Facts
- Australia has run fiscal deficits for most of the past two decades.
- The cash deficit peaked at over 4% of GDP during the global financial crisis.
- Reducing the deficit has been a key priority for the Australian government in recent years.
FAQs
Q: What does this economic trend measure?
A: The cash surplus/deficit (% of GDP) for Australia measures the difference between the Australian government's cash receipts and cash payments as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall fiscal health and policy stance of the Australian government, as a deficit indicates spending exceeds revenue while a surplus reflects the opposite.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the sustainability of Australia's fiscal policy and its potential macroeconomic impacts.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Australian Bureau of Statistics, with typical update delays of 3-6 months.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Australia
LRUN25MAAUM156N
Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Australia
MANMM101AUM189S
International Trade: Net Trade: Value (Goods): Total for Australia
AUSXTNTVA01STSAQ
Provisions to Non-Performing Loans for Australia
DDSI07AUA156NWDB
Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Australia
AUSB6FARA01NCCUQ
Outstanding International Private Debt Securities to GDP for Australia
DDDM05AUA156NWDB
Citation
U.S. Federal Reserve, Cash surplus/deficit (% of GDP) for Australia (CASHBLAUA188A), retrieved from FRED.