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Country or Region: Australia › Change country
Economic Indicator: Total Government Gross Debt (% of GDP) › See all Australia indicators, › See Total Government Gross Debt (% of GDP) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Australian Dollar
Currency Symbol: AUD

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). See notes for: General government gross debt (National currency).

Total Government Gross Debt (% of GDP) for Australia in year 2010 is 22.306 %

This makes Australia No. 138 in world rankings according to Total Government Gross Debt (% of GDP) in year 2010. The world's average Total Government Gross Debt (% of GDP) value is 46.17 %; Australia is 23.86 less than the average.

In the previous year, 2009, Total Government Gross Debt (% of GDP) for Australia was 17.63 % Total Government Gross Debt (% of GDP) for Australia in 2010 was or will be 26.54% more than it was or will be in 2009.

In the following or forecasted year, 2011, Total Government Gross Debt (% of GDP) for Australia was or will be 24.10 %, which is 8.04% more than the 2010 figure.