The ratio of national debt to gross domestic product (GDP) of Australia amounted to approximately 49.83 percent in 2024. Between 1989 and 2024, the ratio rose by around 32.81 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 0.81 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

The national debt of Australia was about ************** U.S. dollars in 2024. Between 1989 and 2024, the national debt rose by approximately ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around ************** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

The national debt in Micronesia was forecast to continuously decrease between 2024 and 2030 by in total **** billion U.S. dollars (+** percent). The national debt is estimated to amount to **** billion U.S. dollars in 2030. As defined by the International Monetary Fund, the general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.Find more key insights for the national debt in countries like Australia, Kiribati, and Marshall Islands.

Australian debt collection agencies have faced persistent challenges in the past few years, as the supply of debt ledgers remains weak, limiting revenue expansion. Banks have delayed selling charge-offs and ramped up internal collections, while government-backed hardship measures have shrunk the volume of debt portfolios available in the market. The resulting competition among agencies has driven up purchase prices and squeezed margins. Meanwhile, smaller and less profitable agencies have exited or been acquired by larger agencies like Credit Corp Group, which strengthened its market position by acquiring Collection House Limited in 2022, lifting industry-wide profitability. Regulatory pressure has intensified, with ASIC and the ACCC introducing reforms under the National Consumer Credit Protection Act and Debt Collection Guidelines (RG 96). From July 2021, debt collectors must hold an Australian credit licence and be members of the Australian Financial Complaints Authority, raising compliance costs. The decision by Services Australia to bring welfare debt recovery in-house in June 2023 has prompted agencies to diversify their markets. In response, many agencies are investing heavily in digitalisation, improving operational efficiency and implementing customer-centric approaches. These strategic shifts have accelerated market concentration and reshaped agencies' competitive landscape. Revenue is expected to fall at an annualised 8.8% to an estimated $1.0 billion over the five years through 2025-26. This trend includes an expected drop of 2.2% in 2025-26, as debt ledger supply remains subdued. Debt collection agencies' performance is set to keep recovering. Debt ledger supply is set to rebound over the next few years, offering some relief to debt collection agencies. Although personal lending is expected to rise and potentially feed more overdue accounts into the market, volumes are unlikely to return to pre-pandemic peaks due to tighter underwriting and risk controls. Larger agencies with established bank relationships, like Pioneer Credit's five-year agreement with CBA, are poised to benefit the most from expanded ledger availability. Smaller agencies will likely struggle to secure quality portfolios, leading to further consolidation. Heightened regulatory oversight, like ASIC’s 2025 focus on debt management practices, will intensify the need for robust governance, compliance frameworks and consumer-focused engagement. Digitalisation and advanced data analytics will be critical for agencies aiming to optimise collection processes, forecast repayment behaviour and drive operational efficiencies. Overall, revenue is forecast to rise at an annualised 0.3% to an estimated $1.1 billion over the five years through 2030-31.

This statistic shows the gross domestic product (GDP) in Italy from 1987 to 2024 with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, the GDP in Italy was about 2.37 trillion U.S. dollars. See global GDP for a global comparison. Italy's economy After increasing significantly year-over-year, Italy’s gross domestic product (GDP) has gone through several fluctuations since the global economic crisis in 2008. The European Union’s third largest economy has experienced downturns, primarily due to inefficiency with regards to spending and incompetent leadership. When analyzing the country’s budget balance, which is essentially the overall difference between revenues and spending, Italy has posted a negative balance, or a state deficit, every year over the past decade. However, their budget balance has improved noticeably every year since 2009. Since the country spent more than they earned, national debt continued to rise every year, most notably between 2008 and 2009, and continued to do so going into 2014. Italy’s dependency on funding from other countries will lead to further debt, unless it finds a way to decrease spending or increase revenues. Despite the country’s ongoing recession, Italy’s GDP ranked the country in the top 10 countries with the largest gross domestic product in 2014, ahead of economically developed countries such as Canada and Australia. This implies that Italy’s economical struggles are more a result of inefficient spending rather than a lack of production.