Australian government debt is $397,674,292,451

Interest per Year
Interest per Second
Population
Debt per Citizen
GDP
Debt as % of GDP

$11,678,134,834
$370
23,483,349
$16,934
$1,623,419,675,186
23.07%

Australian Private Debt is $2,287,836,389,581

Household Debt
Business Debt
Mortgage Debt
Owner-occupied Mortgage Debt
Investors Mortgage Debt
Personal Debt
Credit Card Debt

$1,523,984,439,399
$763,851,950,182
$1,418,749,593,973
$934,862,164,400
$483,887,429,573
$184,793,094,784
$46,749,348,032

Financial Facts

  • The Australian economy has not been in a recession for the past 25 years
  • Mining boom is not dead, it stills contributes towards annual growth twice as much as finance & insurance sector
  • Australians are the world’s richest, thanks to the ridiculously expensive properties
  • Australia still keeps the AAA credit rating from all three major ratings agencies
  • Current unemployment is 5.4% – eight lowest in the OECD
  • Current cash rate is 2.5%
  • Current Inflation rate is 2.3%

Top 5 Australia’s Export Partners

  1. China: 36.7%
  2. Japan: 18%
  3. Republic of Korea: 7.7%
  4. USA: 3.9%
  5. India: 3.1%

Top 5 Australia’s Import Partners

  1. China: 19.9%
  2. USA: 11.1%
  3. Japan: 7.3%
  4. Singapore: 5.2%
  5. Germany: 4.9%