Australia vs Singapore: Central government debt, total
Central government debt, total over time
- Australia
- Singapore
How they compare
Australia currently reports 1.35 trillion current LCU against 1.28 trillion current LCU in Singapore, a difference of 68.18 billion current LCU.
That makes Australia's figure about 1.1 times Singapore's.
The two have swapped places 7 times across 33 shared years of data; in 1990 it was Singapore ahead.
Globally, Australia ranks 34th and Singapore ranks 35th of 83 countries.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.