Fiscal Situation of General Government: Gross Debt Position for Australia
AUSGGXWDGG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.64
Year-over-Year Change
-9.43%
Date Range
1/1/2016 - 1/1/2024
Summary
This economic trend measures the gross debt position of the Australian government. It is a key indicator of fiscal sustainability and a focus for policymakers and analysts.
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 gross debt position represents the total outstanding debt obligations of the Australian general government, including both federal and state/local levels. It is a widely-used metric for assessing the government's fiscal health and ability to manage its liabilities.
Methodology
The data is compiled by the Australian Bureau of Statistics from government budget and debt records.
Historical Context
Policymakers and investors closely monitor this trend to gauge Australia's fiscal risks and debt servicing capacity.
Key Facts
- Australia's gross government debt was 46.9% of GDP in 2021.
- Government debt levels rose during the COVID-19 pandemic due to fiscal stimulus measures.
- Debt servicing costs accounted for 4.7% of government revenue in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the gross debt position of the Australian general government, including federal and state/local levels. It represents the total outstanding debt obligations.
Q: Why is this trend relevant for users or analysts?
A: The gross debt position is a key indicator of the government's fiscal sustainability and ability to manage its liabilities. It is closely watched by policymakers and investors to assess Australia's fiscal risks.
Q: How is this data collected or calculated?
A: The data is compiled by the Australian Bureau of Statistics from government budget and debt records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the government's fiscal health and debt servicing capacity, which informs policy decisions and investor sentiment.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely information for users.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Gross Debt Position for Australia (AUSGGXWDGG01GDPPT), retrieved from FRED.