All Topics / General Property / GDP and Current Aust Debt

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  • Profile photo of IntrigueIntrigue
    Member
    @intrigue
    Join Date: 2010
    Post Count: 208

    Hello all, I read and read and read but cant remember all this economy stuffs.

    If someone knows the data or where to find it quickly I would appreciate your help.

    I read an article today that says Japans debt is equal to twice is annual GDP… wow

    I read some stuffs of Australias debt to GDP the other day but cant find again. I actually think it was more about the fact the most of our foreign debt is not gvt debt rather personal mortgage debt.

    So.. if I know Japans debt is twice their annual GDP what is our national debt as numbers and percentage of our GDP?

    Profile photo of ALF1ALF1
    Participant
    @alf1
    Join Date: 2011
    Post Count: 237

    Try the Financial Review Newspaper or its online version. It's practically the "Bible" of the financial masses who are into Macro and Micro Economics and what is happening locally as well as abroad. If that doesn't work, in around 4 years you could have a Bachelor of Economics and then you're laughing!

    Profile photo of FullyFully
    Member
    @fully
    Join Date: 2011
    Post Count: 16

    http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt

    Australia's at 22%

    If you read further with Japan there external dept is only 51% (2.2trillion) and there assets value is 5 times that (11 trillion). Not sure what that means though..

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