Gross debt in Australia
The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.
The gross debt in Australia in the period from 1998 to 2016 was between 223.2 million and 193.9 billion USD. The hightest level within the past 18 years was reached in 2008. However, the liabilities in 2016 have been only 660.62 million USD
Based on the number of inhabitants, this is in Australia a debt of 27 USD per person. For comparison: The average debt per person in the same year in the European Union was 31,202 USD.Back to overview: Australia