Nominal Total Credit to General Government, Adjusted for Breaks, for Austria
QATGAN770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.70
Year-over-Year Change
-0.85%
Date Range
1/1/2000 - 10/1/2024
Summary
This economic trend measures the nominal total credit to the general government in Austria, adjusted for breaks. It is an important indicator of government debt levels 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 Nominal Total Credit to General Government, Adjusted for Breaks data series represents the total amount of credit owed by the Austrian government, including loans and securities. It is a key metric used by economists and policymakers to assess the government's fiscal position and sustainability.
Methodology
The data is collected and reported by the Organization for Economic Co-operation and Development (OECD).
Historical Context
This trend is closely monitored by financial markets, central banks, and international organizations to gauge Austria's economic health and creditworthiness.
Key Facts
- Austria's government debt-to-GDP ratio was 83.3% in 2021.
- Nominal total credit to the Austrian government has increased by over 30% since 2015.
- The COVID-19 pandemic led to a significant rise in government borrowing in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total nominal credit owed by the Austrian government, including loans and securities. It is an indicator of the government's debt levels.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for assessing Austria's fiscal position, government debt sustainability, and overall economic health. It is closely watched by policymakers, financial markets, and international organizations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Organization for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this trend to monitor the government's fiscal position and make informed decisions about fiscal and monetary policies. Financial markets also closely track this metric to gauge Austria's creditworthiness.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months. There may also be revisions to historical data due to changes in accounting or reporting methods.
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Citation
U.S. Federal Reserve, Nominal Total Credit to General Government, Adjusted for Breaks, for Austria (QATGAN770A), retrieved from FRED.