Australia General Government Structural Balance (% Potential GDP) Statistics

10, Dec 2019, EST.

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Country or Region: Australia › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Australia indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Australian Dollar
Currency Symbol: AUD

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Australia , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Australia in year 2015 is -2.157 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Australia No. 37 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Australia is 1.27 less than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Australia was -2.38 % General Government Structural Balance (% Potential GDP) for Australia in 2015 was or will be 9.22% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Australia was or will be -1.79 %, which is 17.11% less than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Australia, in other Years
Year %
  2021 0.123
  2020 0.107
  2019 0.089
  2018 -0.107
  2017 -0.933
  2016 -1.788
2015 -2.157
  2014 -2.376
  2013 -2.419
  2012 -3.188
  2011 -4.211
  2010 -4.894
  2009 -4.479
  2008 -1.383
  2007 1.231
  2006 1.711
  2005 1.677
  2004 1.259
  2003 1.028
  2002 0.301
  2001 0.133
  2000 1.33
  1999 0.943
  1998 0.185
  1997 0.123
  1996 -0.814
  1995 -1.992
  1994 -3.178
  1993 -3.952
  1992 -3.716
  1991 -2
  1990 -0.281
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a