Australia vs East Asia & Pacific (IDA & IBRD countries): Gross fixed capital formation
Gross fixed capital formation over time
- Australia
- East Asia & Pacific (IDA & IBRD countries)
How they compare
East Asia & Pacific (IDA & IBRD countries) currently reports 8.37 trillion current US$ against 437.56 billion current US$ in Australia, a difference of 7.93 trillion current US$.
That makes East Asia & Pacific (IDA & IBRD countries)'s figure about 19.1 times Australia's.
Across all 65 years both countries report, East Asia & Pacific (IDA & IBRD countries) has been ahead every year.
Australia ranks 13th and East Asia & Pacific (IDA & IBRD countries) ranks 13th of 181 countries.
East Asia & Pacific (IDA & IBRD countries) has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Australia | East Asia & Pacific (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 7.96 billion current US$ | 16.06 billion current US$ | 8.10 billion current US$ | East Asia & Pacific (IDA & IBRD countries) |
| 1970s | 23.47 billion current US$ | 54.10 billion current US$ | 30.63 billion current US$ | East Asia & Pacific (IDA & IBRD countries) |
| 1980s | 54.82 billion current US$ | 128.05 billion current US$ | 73.24 billion current US$ | East Asia & Pacific (IDA & IBRD countries) |
| 1990s | 88.47 billion current US$ | 359.13 billion current US$ | 270.67 billion current US$ | East Asia & Pacific (IDA & IBRD countries) |
| 2000s | 176.22 billion current US$ | 1.23 trillion current US$ | 1.06 trillion current US$ | East Asia & Pacific (IDA & IBRD countries) |
| 2010s | 358.78 billion current US$ | 5.22 trillion current US$ | 4.86 trillion current US$ | East Asia & Pacific (IDA & IBRD countries) |
| 2020s | 374.60 billion current US$ | 8.10 trillion current US$ | 7.73 trillion current US$ | East Asia & Pacific (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Australia or East Asia & Pacific (IDA & IBRD countries)?
- East Asia & Pacific (IDA & IBRD countries), at 8.37 trillion current US$ against 437.56 billion current US$ in Australia as of 2024.
- What is the difference in gross fixed capital formation between Australia and East Asia & Pacific (IDA & IBRD countries)?
- 7.93 trillion current US$, with East Asia & Pacific (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Australia and East Asia & Pacific (IDA & IBRD countries)?
- 65 years are reported by both, from 1960 to 2024.
- How do Australia and East Asia & Pacific (IDA & IBRD countries) rank globally for gross fixed capital formation?
- Australia ranks 13th and East Asia & Pacific (IDA & IBRD countries) ranks 13th of 181 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross fixed capital formation (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.