Asia Sentinel

Asia Sentinel

Australia Foreign Debt Reaches Crisis Proportions

Philip Bowring's avatar
Philip Bowring
Jun 18, 2016
∙ Paid
Share

Australia’s net foreign debt has just passed the A$1 trillion mark, roughly 60 percent of the nation’s gross domestic product. Alarm bells should be ringing somewhere, but somehow the “lucky country” continues to be seen by foreign investors as a safe location.

Australia may have good government but the numbers make the problems of East and Southeast Asi…

Keep reading with a 7-day free trial

Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Asia Sentinel
Publisher Privacy
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture