Australia vs North America: Gross fixed capital formation
Gross fixed capital formation over time
- Australia
- North America
How they compare
North America currently reports 5.42 trillion constant 2015 US$ against 417.59 billion constant 2015 US$ in Australia, a difference of 5.00 trillion constant 2015 US$.
That makes North America's figure about 13.0 times Australia's.
Across all 55 years both countries report, North America has been ahead every year.
Australia ranks 9th and North America ranks 6th of 160 countries.
North America has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Australia | North America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 66.15 billion constant 2015 US$ | 1.12 trillion constant 2015 US$ | 1.05 trillion constant 2015 US$ | North America |
| 1980s | 100.26 billion constant 2015 US$ | 1.61 trillion constant 2015 US$ | 1.51 trillion constant 2015 US$ | North America |
| 1990s | 138.30 billion constant 2015 US$ | 2.25 trillion constant 2015 US$ | 2.11 trillion constant 2015 US$ | North America |
| 2000s | 241.52 billion constant 2015 US$ | 3.42 trillion constant 2015 US$ | 3.17 trillion constant 2015 US$ | North America |
| 2010s | 350.02 billion constant 2015 US$ | 4.04 trillion constant 2015 US$ | 3.69 trillion constant 2015 US$ | North America |
| 2020s | 380.09 billion constant 2015 US$ | 5.09 trillion constant 2015 US$ | 4.71 trillion constant 2015 US$ | North America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Australia or North America?
- North America, at 5.42 trillion constant 2015 US$ against 417.59 billion constant 2015 US$ in Australia as of 2024.
- What is the difference in gross fixed capital formation between Australia and North America?
- 5.00 trillion constant 2015 US$, with North America ahead.
- How many years of comparable data are there for Australia and North America?
- 55 years are reported by both, from 1970 to 2024.
- How do Australia and North America rank globally for gross fixed capital formation?
- Australia ranks 9th and North America ranks 6th of 160 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed capital formation (constant 2015 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.