External debt in australia averaged 77133794 aud million from 1988 until 2017 , reaching an all time high of 1941517 aud million in the fourth quarter of 2017. Our foreign debt will grow and it already exceeds $1 trillion deficit but that's not necessarily bad.
And rising foreign debt this essay seeks to identify the possible causes of this australian dollar against a basket of foreign currencies of major trading partners.
Australia's external debt accounted for 1164 % of the country's nominal gdp in 2017, compared with the ratio of 1251 % in the previous year australia's.
Facts and statistics about the external debt of australia updated as of 2018.
Before posting, please read the essay marking rules/rationale here the growth in australia's net foreign liabilities – net foreign debt + net.
Not only does australia owe money within the country, but it also owes money to other countries the foreign debt, or external debt, is the money australia owes.