Nominal Total Credit to General Government, Adjusted for Breaks, for Australia
QAUGANUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
872.92
Year-over-Year Change
1.53%
Date Range
4/1/1988 - 10/1/2024
Summary
This economic trend measures the total credit extended to the general government sector in Australia, adjusted for statistical breaks. It provides insight into the government's financing needs and overall fiscal position.
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 for Australia is a key indicator of the government's borrowing and debt levels. It tracks the total amount of credit, including loans and securities, provided to the Australian federal, state, and local governments.
Methodology
The data is collected and calculated by the Organization for Economic Cooperation and Development (OECD) based on official government finance statistics.
Historical Context
This trend is widely used by economists, policymakers, and financial analysts to assess the sustainability of Australia's public finances and inform fiscal and monetary policy decisions.
Key Facts
- Australia's total government credit has grown from 50% of GDP in 2000 to over 70% in 2020.
- Government borrowing increased significantly during the COVID-19 pandemic to fund economic stimulus measures.
- The Reserve Bank of Australia closely monitors this trend to assess the government's financing needs and debt sustainability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit, including loans and securities, extended to the Australian federal, state, and local governments.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the government's financing needs and overall fiscal position, which is crucial for assessing the sustainability of public finances and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on official government finance statistics.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and financial analysts use this trend to assess the sustainability of Australia's public finances and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the OECD with a lag, and there may be revisions to historical data due to changes in statistical methodologies or government reporting.
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Citation
U.S. Federal Reserve, Nominal Total Credit to General Government, Adjusted for Breaks, for Australia (QAUGANUSDA), retrieved from FRED.