|
| Quarter (a) |
2007–08 |
2008–09 |
2009–10 |
2010–11 |
2011–12 |
| Gross foreign debt, public sector – $ million |
|
|
|
|
|
|
|
|
| September |
83 818 |
112 445 |
142 318 |
207 531 |
268 952 |
| December |
92 095 |
152 782 |
154 239 |
213 142 |
287 740 |
| March |
92 423 |
129 685 |
172 136 |
227 485 |
296 925 |
| June |
90 295 |
119 904 |
197 878 |
234 236 |
305 567 |
| |
|
|
|
|
|
| Gross foreign debt, private sector – $ million |
|
|
|
|
|
|
|
|
| September |
954 768 |
1 088 005 |
1 064 952 |
1 073 401 |
1 131 638 |
| December |
948 070 |
1 123 149 |
1 085 293 |
1 037 974 |
1 073 289 |
| March |
996 582 |
1 107 651 |
1 075 393 |
1 051 702 |
1 077 717 |
| June |
1 013 103 |
1 082 086 |
1 106 456 |
1 065 350 |
1 107 026 |
| |
|
|
|
|
|
| Gross foreign debt, total – $ million |
|
|
|
|
|
|
|
|
|
| September |
1 038 586 |
1 200 450 |
1 207 270 |
1 280 932 |
1 400 590 |
| December |
1 040 165 |
1 275 932 |
1 239 532 |
1 251 116 |
1 361 029 |
| March |
1 089 005 |
1 237 335 |
1 247 529 |
1 279 186 |
1 374 642 |
| June |
1 103 398 |
1 201 990 |
1 304 334 |
1 299 586 |
1 412 592 |
| |
|
|
|
|
|
| Net foreign debt – $ million |
|
|
|
|
|
|
|
|
|
| September |
577 936 |
649 344 |
624 307 |
676 481 |
740 734 |
| December |
588 604 |
690 047 |
658 821 |
648 542 |
732 550 |
| March |
600 997 |
663 761 |
669 582 |
677 925 |
741 276 |
| June |
600 952 |
625 639 |
686 084 |
685 909 |
756 183 |
| |
|
|
|
|
|
| Net foreign debt – percentage of gross domestic product (b) |
|
|
|
|
|
|
|
| September |
52.3 |
53.8 |
50.0 |
51.1 |
52.1 |
| December |
52.1 |
56.0 |
52.6 |
47.9 |
50.9 |
| March |
52.2 |
53.2 |
53.0 |
49.2 |
50.9 |
| June |
51.1 |
50.0 |
53.0 |
49.0 |
51.5 |
| |
|
|
|
|
|
(a) At end of period.
(b) Net foreign debt at the end of the period as a proportion of gross domestic product for four quarters up to that period.
Sources: ABS, Balance of payments and international investment position, Cat. no. 5302.0
ABS, Australian national accounts: national income, expenditure and product,Cat. no. 5206.0
Update
4 December 2012 for foreign debt data
5 December 2012 for gross domestic product
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Key points
In June 2012 net foreign debt, inclusive of the public and private sectors, increased to $756 billion or 51.5 per cent of gross domestic product (GDP). The total private sector contributes to 71 per cent of this debt, while the total public sector accounts for 29 per cent–the government contributes 83 per cent to the public sector net debt.
Over the last 10 years net foreign debt has risen steadily from 41 per cent of GDP to a peak of 56.0 per cent in December 2008. Since then it has decreased 4.5 percentage points.
Gross foreign debt is now $1.4 trillion (or 96.2 per cent of GDP), of which the private sector owes $1.1 trillion or 78 per cent. Commensurate with this, the public sector owes 22 per cent or $0.3 trillion.
What is measured
Gross foreign debt measures all non-equity financial claims by non-residents on residents of Australia. The major component of gross foreign debt is the amount of borrowings from non-residents by residents of Australia.
Net foreign debt is gross foreign debt less non-equity assets, such as foreign reserves held by the Reserve Bank, and lending by residents of Australia to non-residents.
Net and gross foreign debt are measured at the end of each quarter.
Related statistics in this bulletin
- 6.1 International trade in goods and services
- 6.2 Balance on current account
- 6.3 Terms of trade
- 6.4 Exchange rates
Related publications
- RBA, Bulletin
- Treasury, Budget papers
- OECD, Economic outlook
- NAB, Australian outlook and research
- Access Economics, Business outlook
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