Australia vs Western Asia: Gross Fixed Capital Formation — Value US$, 2015 prices
Gross Fixed Capital Formation — Value US$, 2015 prices over time
- Australia
- Western Asia
How they compare
Western Asia currently reports 1.00 million million USD against 399,804 million USD in Australia, a difference of 604,016 million USD.
That makes Western Asia's figure about 2.5 times Australia's.
Across all 55 years both countries report, Western Asia has been ahead every year.
Australia ranks 11th and Western Asia ranks 11th of 203 countries.
Western Asia has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Australia | Western Asia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 63,076 million USD | 105,255 million USD | 42,179 million USD | Western Asia |
| 1980s | 97,249 million USD | 155,116 million USD | 57,867 million USD | Western Asia |
| 1990s | 133,599 million USD | 207,880 million USD | 74,281 million USD | Western Asia |
| 2000s | 234,972 million USD | 393,202 million USD | 158,230 million USD | Western Asia |
| 2010s | 326,698 million USD | 764,148 million USD | 437,450 million USD | Western Asia |
| 2020s | 367,859 million USD | 898,444 million USD | 530,585 million USD | Western Asia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation — value us$, 2015 prices, Australia or Western Asia?
- Western Asia, at 1.00 million million USD against 399,804 million USD in Australia as of 2024.
- What is the difference in gross fixed capital formation — value us$, 2015 prices between Australia and Western Asia?
- 604,016 million USD, with Western Asia ahead.
- How many years of comparable data are there for Australia and Western Asia?
- 55 years are reported by both, from 1970 to 2024.
- How do Australia and Western Asia rank globally for gross fixed capital formation — value us$, 2015 prices?
- Australia ranks 11th and Western Asia ranks 11th of 203 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Gross Fixed Capital Formation — Value US$, 2015 prices. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).