Australia vs Upper middle income: Gross fixed capital formation
Gross fixed capital formation over time
- Australia
- Upper middle income
How they compare
Upper middle income currently reports 10.46 trillion current US$ against 437.56 billion current US$ in Australia, a difference of 10.03 trillion current US$.
That makes Upper middle income's figure about 23.9 times Australia's.
Across all 65 years both countries report, Upper middle income has been ahead every year.
Australia ranks 13th and Upper middle income ranks 10th of 181 countries.
Upper middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Australia | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 7.96 billion current US$ | 44.56 billion current US$ | 36.59 billion current US$ | Upper middle income |
| 1970s | 23.47 billion current US$ | 185.01 billion current US$ | 161.54 billion current US$ | Upper middle income |
| 1980s | 54.82 billion current US$ | 417.76 billion current US$ | 362.94 billion current US$ | Upper middle income |
| 1990s | 88.47 billion current US$ | 807.30 billion current US$ | 718.83 billion current US$ | Upper middle income |
| 2000s | 176.22 billion current US$ | 2.08 trillion current US$ | 1.91 trillion current US$ | Upper middle income |
| 2010s | 358.78 billion current US$ | 6.90 trillion current US$ | 6.54 trillion current US$ | Upper middle income |
| 2020s | 374.60 billion current US$ | 9.80 trillion current US$ | 9.43 trillion current US$ | Upper middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Australia or Upper middle income?
- Upper middle income, at 10.46 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 Upper middle income?
- 10.03 trillion current US$, with Upper middle income ahead.
- How many years of comparable data are there for Australia and Upper middle income?
- 65 years are reported by both, from 1960 to 2024.
- How do Australia and Upper middle income rank globally for gross fixed capital formation?
- Australia ranks 13th and Upper middle income ranks 10th of 181 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross fixed capital formation (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.