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Australia - General government gross debt as a share of GDP

40.7 (%) in 2018

In 2018, government gross debt as a share of GDP for Australia was 40.7 %. Government gross debt as a share of GDP of Australia increased from 22.6 % in 1999 to 40.7 % in 2018 growing at an average annual rate of 4.17 %.

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What is government gross debt as a share of GDP?

Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

What is Australia government gross debt as a share of GDP?

Date Value Change, %
2018 40.7 0.00 %
2017 40.7 0.36 %
2016 40.5 7.29 %
2015 37.8 10.79 %
2014 34.1 11.13 %
2013 30.7 10.64 %
2012 27.7 15.00 %
2011 24.1 17.67 %
2010 20.5 22.22 %
2009 16.8 42.64 %
2008 11.8 21.33 %
2007 9.7

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