General government net lending/borrowing for Australia
GGNLBAAUA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.16
Year-over-Year Change
-38.56%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the net lending or borrowing position of the general government sector in Australia. It is a key indicator of fiscal policy and a country's overall fiscal balance.
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 general government net lending/borrowing statistic reflects the difference between government revenue and expenditures. It provides insight into the sustainability of a government's fiscal position and can inform economic and policy decisions.
Methodology
The data is calculated by the OECD based on government finance statistics.
Historical Context
This indicator is closely watched by policymakers, investors, and analysts to assess Australia's fiscal health and economic outlook.
Key Facts
- Australia's general government net lending/borrowing was 3.7% of GDP in 2021.
- A positive value indicates net lending, while a negative value indicates net borrowing.
- This statistic is published quarterly by the OECD.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net lending or borrowing position of the general government sector in Australia, which includes federal, state, and local governments.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the sustainability of Australia's fiscal position and can inform economic and policy decisions by policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on government finance statistics.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by policymakers to assess Australia's fiscal health and economic outlook, which can inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published quarterly by the OECD, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, General government net lending/borrowing for Australia (GGNLBAAUA188N), retrieved from FRED.