Households Debt in Australia decreased to 119.30 percent of GDP in the second quarter of 2019 from 119.40 percent of GDP in the first quarter of 2019. Households Debt To GDP in Australia averaged 72.20 percent of GDP from 1977 until 2019, reaching an all time high of 122 percent of GDP in the third quarter of 2016 and a record low of 34.20 percent of GDP in the fourth quarter of 1977.
Households Debt To GDP in Australia is expected to be 124.59 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Households Debt To GDP in Australia to stand at 124.50 in 12 months time. In the long-term, the Australia Households Debt To GDP is projected to trend around 126.24 percent of GDP in 2020, according to our econometric models.