Australia's government debt is $397 billion and growing by $110 million a DAY

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

$14.2 billion
$451
23,483,349
$16,934
$1.623 trillion
23.07%

Australia's Private Debt is $2.3 trillion

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

$1.523 trillion
$764 billion
$1.418 trillion
$934.9 billion
$483.9 billion
$184.8 billion
$46.7 billion

Financial Facts

  • The Australian economy has not been in a recession for the past 25 years
  • Australia’s credit rating is excellent: AAA from all three major ratings agencies
  • Australia’s economy is the world’s 12th-ranked
  • Government’s tax income for 2015 is estimated to be $353.6 billion while expenses are over $400 billion
  • Mining boom is not dead, it stills contributes towards annual growth twice as much as finance & insurance sector
  • In 2013 & 2014 Australians were the world’s richest – every person was worth an average of $A258,000 – mostly thanks to the overpriced properties
  • Current unemployment is 6.4%
  • Current cash rate is 2.00%
  • 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%

Sources

Sources

http://www.budget.gov.au/2014-15/content/myefo/html/13_appendix_b-01.htm

http://www.budget.gov.au/2014-15/content/myefo/html/16_appendix_d.htm

http://www.abs.gov.au/ausstats/abs@.nsf/0/1647509ef7e25faaca2568a900154b63?OpenDocument

http://www.dfat.gov.au/geo/fs/