This website stores cookies on your computer. The Australian Bureau of Statistics provides External Debt in local currency. A single cookie will be used in your browser to remember your preference not to be tracked. Treasury is forecasting Australia's net debt position will be $703.2 billion for 2020-21 (meaning a net debt-to-GDP ratio of 36.1 per cent). Most of Russia’s external debt is private. FOREIGN INVESTMENT IN AUSTRALIA Figure 1 The different kinds of foreign investment By Australian inward foreign investment stocks, at December 2018 a a The sum of total equity and debt equals total foreign investment. Suitable for enterprise usage. At the moment, net Federal Government debt is just shy of 20 per cent. Victoria's Treasurer, Tim Pallas, said it was what Dr Lowe called for. Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (AUD bn), DOT Forecast: Budget Aggregates: Revenue (AUD bn), DOT Forecast: Budget Aggregates: Expenses (AUD bn), AU: General Government: Financial Liabilities (AUD mn), AU: Central Government Debt: Total: % of GDP (%), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Trade Balance: sa: Goods & Services (AUD mn), DOT Forecast: Exports: Goods and Services: YoY (%), DOT Forecast: Imports: Goods and Services: YoY (%), Import Value: SITC: NF: Aluminium (AUD mn), Export Value: SITC: FOB: MS: Copper Ore & Concentrate, Copper Matte & Cement Cop... (AUD mn), Export: Value: Coal, whether or not Pulverized, but not Agglomerated (AUD mn), Export Value: SITC: FOB: MS: Aluminum Ore & Concentrate (AUD mn), Import Value: ANZSIC 2006: Metal Ore Mining (AUD mn), Foreign Portfolio Investment: Debt Securities (USD mn), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: % of GDP (%), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BOP: Capital & Financial Account: Financial Account: Other Investment: Assets (AUD mn), BOP: Current Account: Income: Credits: Secondary Income (AUD mn), BOP: Current Account: Income: Primary Income: Debits (AUD mn), BOP: Current Account: Income: Primary Income (AUD mn), BOP: Current Account: Income: Primary Income: Credits (AUD mn), BOP: Current Account: Goods & Services: Services: Debits (AUD mn), BOP: Current Account: Income: Debits: Secondary Income (AUD mn), BOP: Current Account: sa: Income: Primary Income: Credits (AUD mn), BOP: Current Account: sa: Goods: Credits (AUD mn), BOP: Current Account: sa: Goods & Services: Goods (AUD mn), BOP: Capital & Financial Account: Financial Account: Direct Investment: Abroad (AUD mn), BOP: Current Account: sa: Goods & Services: Services: Credits (AUD mn), BOP: Current Account: sa: Goods & Services: Services (AUD mn), BOP: Current Account: sa: Goods & Services: Services: Debits (AUD mn), BOP: Capital & Financial Account: Financial Account: Direct Investment: in Austr... (AUD mn), BOP: Current Account: Goods & Services: Goods (AUD mn), BOP: Current Account: sa: Income: Secondary Income: Debits (AUD mn), BOP: Current Account: sa: Income: Secondary Income: Credits (AUD mn), BOP: Capital & Financial Account: Financial Account: Direct Investment (AUD mn), BOP: Capital & Financial Account: Financial Account (AUD mn), BOP: Current Account: Goods & Services: Goods: Credits (AUD mn), BOP: Current Account: sa: Income: Secondary Income (AUD mn), BOP: Current Account: sa: Income: Primary Income: Debits (AUD mn), BOP: Current Account: sa: Income: Primary Income (AUD mn), BOP: Capital & Financial Account: Capital Account (AUD mn), BOP: Current Account: Goods & Services: Goods: Debits (AUD mn), BOP: Capital & Financial Account: Reserve Assets (AUD mn), BOP: Capital & Financial Account: Financial Account: Financial Derivatives: Asse... (AUD mn), BOP: Current Account: Goods & Services: Services (AUD mn), BOP: Capital & Financial Account: Financial Account: Portfolio Investment: Asset... (AUD mn), BOP: Capital & Financial Account: Financial Account: Portfolio Investment (AUD mn), BOP: Capital & Financial Account: Financial Account: Portfolio Investment: Liabi... (AUD mn), BOP: Capital & Financial Account: Financial Account: Financial Derivatives (AUD mn), BOP: Capital & Financial Account: Financial Account: Financial Derivatives: Liab... (AUD mn), BOP: Capital & Financial Account: Financial Account: Other Investment (AUD mn), BOP: Capital & Financial Account: Financial Account: Other Investment: Liabiliti... (AUD mn), BOP: Current Account: Goods & Services: Services: Credits (AUD mn), DOT Forecast: Current Account Balance: % of GDP (%), IIP: Liabilities: Foreign Liabilities (AUD mn), No of Company: New Registered: All Industries (Unit), No of Company: Operating: End of Financial Year: All Industries (Unit), Funds Outflow: Total All Countries (AUD mn), Funds Outflow: United States of America (AUD mn), Funds Inflow: Total All Countries (AUD mn), Funds Inflow: United States of America (AUD mn), Private New Capital Expenditure: Actual (AUD mn), AU: BOP: Financial Account: Portfolio Investment: Net (USD mn), AU: BOP: Net Errors and Omissions (USD mn), AU: BOP: Financial Account: Foreign Direct Investment: Net (USD mn), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Business Confidence: Net Balance (% Point), Industrial Trends Survey: Composite Index: sa: Expected (Index), Balance of Payments: Capital and Financial Account, BPM5: Balance of Payment: Current Account: Goods, BPM6: Balance of Payment: Current Account: Income, BPM6: Balance of Payment: Financial Account, BPM6: Balance of Payments: Analytical Presentation, BPM6: Balance of Payments: Detailed Presentation, Insolvency Statistics: Debtors Entering New Administrations: Fortnightly, Private New Capital Expenditure: Actual: Chain Volume: 2008-09 Price, Private New Capital Expenditure: Expected, Private New Capital Expenditure: Realisation Ratios, BPM6: Balance of Payment: Current Account: Goods, BPM6: Balance of Payment: Current Account: Services, BPM6: Balance of Payments: Analytical Presentation: Annual, BPM6: Balance of Payments: Detailed Presentation: Annual, BPM6: External Debt: Assets and Liabilities: by Residual Maturity and Currency, BPM6: International Investment Position: Annual, Insolvency Statistics: Companies Entering External Administration, Insolvency Statistics: New Administrations, Private New Capital Expenditure: Chain Volume: Actual, Private New Capital Expenditure: Financial Year Estimates. Australia's net foreign debt liability decreased $75.2 billion to $1,093.5 billion at 30 June 2020. As a result, foreign ownership of Australian government bonds has always been very high. That is why the more meaningful figure is net foreign debt. When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source. Australia Direct Investment Abroad expanded by 7.1 USD bn in Sep 2020. Australia's net foreign debt liability decreased $75.2 billion to $1,093.5 billion at 30 June 2020. Public debt, also called “government debt” or “national debt,” includes money owed by the government to creditors within the country (domestic, or internal debt) as well as to international creditors (foreign, or external debt). Debt is a double-edged sword. Available via annual subscription to one or more of CEIC’s global and premium databases. Debt - external: $1.714 trillion (31 December 2017 est.) Net debt is then projected to fall to 39.6 per cent of GDP at the end of the medium term. Branko Vitas, Program Manager of the International Statistics Branch said: "The balance on goods and services surplus in the June quarter 2020 was $23.9 billion, a rise of $4.7 billion on the March quarter 2020 surplus of $19.1 billion. The total number of U.S. Treasury securities held by foreign countries in June 2020 was $7.04 trillion, up from $6.63 trillion in June 2019. In seasonally adjusted chain volume terms, the balance on goods and services surplus increased $5.0 billion, widening the surplus to $15.6 billion. Once we add the $400bn of debt, it will take debt to about $1 trillion, or around 50 per cent of GDP. Canada’s national debt is currently at 83.81% of its GDP. Its Foreign Portfolio Investment increased by 39.0 USD bn in Sep 2020. All Australian government debt, including foreign currency debt, is managed within a debt management framework that has the goal: • to raise, manage and retire debt at the lowest possible long-term cost, consistent with an acceptable degree of risk exposure. … As at 11 April 2017, the gross Australian government debt was $551.75 billion. Until a vaccine is developed and widely deployed, significant uncertainty remains. Default Status Net debt is expected to be 36.1 per cent of GDP at the end of 2020-21, peaking at 43.8 per cent of GDP at the end of the forward estimates. As at 6 March 2020, the gross Australian government debt was $573.1 billion. Total Australian Credit has grown from AU$787.7 billion in December 1989 to AU$6.3 trillion in December 2016; an increase of a little over 800% over a 27 year period. Australia’s debt to GDP ratio is assessed by the IMF at 41.6%. Foreign Direct Investment (FDI) increased by 3.6 USD bn in Sep 2020. Australia's net international investment position was a liability of $910.6 billion at 30 June 2020, an increase of $59.3 billion (7 per cent) on the revised 31 March 2020 position of $851.3 billion. Download limits apply. CEIC converts quarterly External Debt into USD. Gross debt is the amount of money owed by a government (or its financial liabilities).The major component of gross debt on the Australian Government’s balance sheet is Commonwealth Government Securities. Australia External Debt: USD mn data is updated quarterly, available from Sep 1988 to Sep 2020. This Insight summarises the key changes to the FIRB regime. country comparison to the world (CIA rank, may be based on non-current data): 11 [see also: Debt - external country ranks] Stock of direct foreign investment - at home: Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. If you decline, your information won’t be tracked when you visit this website. Payable monthly by credit card. In contrast, the nation's net foreign debt is all the money Australian businesses and governments (and any other Aussies) owe to foreigners, less what they owe us. Footer. The government debt fluctuates from week to week depending on government receipts, general outlays and large-sum outlays. You must convert all foreign income, deductions and foreign tax paid into Australian dollars before you include this in your tax return. To find out more about the cookies we use, see our Cookies Policy. ... Last modified: 01 Jul 2020 QC 47358. CEIC converts quarterly External Debt into USD. Full and unlimited access to CEIC data for multiple users. Who Holds Australia’s Debt? The country's Nominal GDP was reported at 307.6 USD bn in Jun 2020. On the imports side, travel services fell $8.2 billion and transport services fell $1.2 billion in original terms, while non-industrial transport equipment fell $2.7 billion and fuels and lubricants fell $1.2 billion in seasonally adjusted terms. From June 1984 to June 2014, the dollar value of Australia’s net foreign debt increased at an annual average rate of 11.6 per cent. This includes foreign investment in the equity of Australian companies and in Australian government debt. There is no data available for your selected dates. In addition, many Australian firms that borrow funds in international markets convert their foreign currency borrowings into Australian dollars using financial instruments known as derivatives. Discrepancies due to rounding. Further details can be found in Balance of Payments and International Investment Position, Australia (cat. Australia's net foreign equity assets decreased $134.4 billion to $182.9 billion. The government is using the money of foreign investors to pay off … The data reached an all-time high of 1,833.5 USD bn in Sep 2020 and a record low of 115.3 USD bn in Sep 1988. The data reached an all-time high of 1,833.5 USD bn in Sep 2020 and a record low of 115.3 USD bn in Sep 1988. Sign 2: Record Australian Net Foreign Debt Australia’s net foreign debt now stands at more than $1 trillion and as a proportion of Gross Domestic Product was at a record high of 63.3% in June 2016. 5302.0) available for download from http://www.abs.gov.au. Treasurer Josh Frydenberg during the delivery of the 2020 federal budget in the House of Representatives on 6 October, 2020 in Canberra, Australia. Australia's current account surplus in seasonally adjusted terms increased $8.7 billion to $17.7 billion in the June quarter 2020, driven mainly by increased goods and services surplus, according to latest figures from the Australian Bureau of Statistics (ABS). Includes External Debt on 109 economies standardised by CEIC. At almost $1 trillion, Australia’s net foreign debt is close to 60 per cent of GDP and renders us extremely susceptible to rising global interest rates. Instant access to full history data in excel. no. Exports of goods and services fell $9.3 billion (8 per cent) and imports of goods and services fell $14.0 billion (14 per cent). External Debt in Australia decreased to 2165261 AUD Million in the fourth quarter of 2020 from 2187215 AUD Million in the third quarter of 2020. source: Australian Bureau of Statistics. Australia currently has one of the lowest national debt levels in the world, so we are in a good place to be able to do this. Entry level access to the CEIC platform for individual users. In volume terms, imports fell more than exports this quarter, and as a result international trade is expected to contribute 1.0 percentage points to growth in the June quarter 2020 Gross Domestic Product. As a result, foreign holdings of public sector debt increased from 7.5 per cent of GDP in 2009 to around 20 per cent by 2015 and has been relatively stable since then. 5302.0) available for download from http://www.abs.gov.au . Before government announced its stimulus packages, Treasury forecasters estimated that government debt would hit $379.2 billion by June 30, 2021 – roughly 18.5 per cent of Australia… $1.547 trillion (31 December 2016 est.) Total Australian Credit outstanding includes all debt and equity outstanding of the domestic non-financial sectors. Australia External Debt: USD mn data is updated quarterly, available from Sep 1988 to Sep 2020. The Australian Bureau of Statistics provides External Debt in local currency. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. Further details can be found in Balance of Payments and International Investment Position, Australia (cat. The United States has the largest external debt in the world; as of 2017, its debt-to-GDP ration was ranked 43rd out of 207 countries and territories. And that debt will increase to $966.2 billion in 2023-24 (to a net debt-to-GDP ratio of 43.8 per cent). The rate of conversion will be the average exchange rate for the Australian income year. Australia's net foreign equity asset position increased $5.2b to $218.1b at 31 December 2020. After deducting Australia’s reserve assets and lending abroad, the level of net foreign debt in June 2014 was $865 billion. Its Foreign … Includes 422 key indicators for Australia, curated by CEIC analysts. Net foreign debt is the amount of the gross debt, minus money loaned from Australian residents to non-residents and assets held in reserve by the national Reserve Bank (e.g., gold). The net primary income deficit narrowed by $4.3 billion to $5.6 billion in the June quarter 2020". The Federal Reserve Board period end market exchange rate is used for currency conversions.In the latest reports of Australia, Current Account recorded a surplus of 7.2 USD bn in Sep 2020. This is very low and, combined with other factors, makes Australian government debt an attractive investment for the international financial community. More often reported, net debt is the sum of all financial liabilities (gross debt) of a government less its respective financial assets. The RBA’s decision about the amount of Australian government debt it is willing to buy and hold will thus be crucial, because that decision will affect both the rate itself and the net burden of interest payments in the Australian government budget — as well as the foreign exchange value of the Australian dollar. This page provides - Australia Government Net Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news. Debt, debt and more debt But this week's Budget shows that figure will explode in coming years. 1988 - 2020 | Quarterly | USD mn | CEIC Data. The majority of Australia’s bonds sold in 2020 have gone to foreign investors. For media requests and interviews, contact the ABS Media Team on 1300 175 070 (8.30am-5pm Mon-Fri). The Andrews Labor Government in Victoria is forecasting net debt of $86.7 billion in 2020-21, lifting to $154.8 billion by 2023-24 — the highest debt level of any state. Australia Direct Investment Abroad expanded by 1.8 USD bn in Dec 2020. Instant access to full history data in excel. Australia's net IIP liability position was $947.2b at 31 December 2020, a decrease of $2.4b on the revised 30 September 2020 position of $949.7b. no. 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