Total Credit to General Government, Adjusted for Breaks, for Australia
QAUGAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.00
Year-over-Year Change
-12.43%
Date Range
4/1/1988 - 10/1/2024
Summary
This economic indicator measures the total credit to the general government sector in Australia, adjusted for statistical breaks in the data series over time. It provides insights into the level of government borrowing and fiscal policy.
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 Total Credit to General Government metric tracks the total outstanding credit owed by the Australian government, including loans, debt securities, and other financial obligations. It is a key indicator of the government's fiscal position and financing needs, used by economists and policymakers to assess economic stability and policy impacts.
Methodology
The data is collected and reported by the Bank for International Settlements (BIS) based on official sources.
Historical Context
This indicator is widely referenced by financial markets, research institutions, and government agencies to monitor Australia's public sector debt levels and inform economic and fiscal policy decisions.
Key Facts
- Australia's total government credit was $1.7 trillion as of 2021.
- Government debt rose significantly during the COVID-19 pandemic.
- Public sector debt levels are a key consideration for policymakers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total outstanding credit owed by the Australian government, including loans, debt securities, and other financial obligations.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the government's fiscal position and financing needs, which is crucial information for economists, investors, and policymakers assessing Australia's economic stability and policy impacts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank for International Settlements (BIS) based on official sources.
Q: How is this trend used in economic policy?
A: This indicator is widely referenced by financial markets, research institutions, and government agencies to monitor Australia's public sector debt levels and inform economic and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with occasional statistical breaks in the series due to changes in data collection or reporting methods.
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Citation
U.S. Federal Reserve, Total Credit to General Government, Adjusted for Breaks, for Australia (QAUGAM770A), retrieved from FRED.