Central government debt, total (% of GDP) for Australia
DEBTTLAUA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.05
Year-over-Year Change
102.51%
Date Range
1/1/1990 - 1/1/2022
Summary
This economic trend measures the total central government debt as a percentage of Australia's gross domestic product (GDP). It is a key indicator of a country's fiscal health and debt sustainability.
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
The central government debt-to-GDP ratio is a widely-used metric that reflects a government's ability to manage its public finances. It provides insights into a country's fiscal policy, creditworthiness, and long-term economic stability.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF).
Historical Context
Policymakers and investors monitor this trend to assess Australia's fiscal position and creditworthiness.
Key Facts
- Australia's central government debt-to-GDP ratio was 58.8% in 2021.
- The ratio has increased from 27.6% in 2019 due to the COVID-19 pandemic.
- High government debt levels can impact a country's creditworthiness and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total central government debt as a percentage of Australia's gross domestic product (GDP). It is a key indicator of the government's fiscal health and debt sustainability.
Q: Why is this trend relevant for users or analysts?
A: The central government debt-to-GDP ratio is widely used by policymakers, investors, and analysts to assess a country's fiscal position, creditworthiness, and long-term economic stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to evaluate Australia's fiscal sustainability and make informed decisions about taxation, spending, and debt management policies.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Central government debt, total (% of GDP) for Australia (DEBTTLAUA188A), retrieved from FRED.