Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Australia
Australia: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 532,175 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Australia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Australia recorded 532,175 million SLC for gross fixed capital formation — value standard local currency, 2015 in 2024. That is the highest value across all 55 years on record.
The figure is up 4.5% on the previous year and up 22.0% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Australia peaked at 532,175 million SLC in 2024 and was at its lowest, 75,439 million SLC, in 1970.
That places Australia 62nd out of 194 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Australia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 75,439 million SLC | — |
| 1971 | 77,556 million SLC | +2.8% |
| 1972 | 79,929 million SLC | +3.1% |
| 1973 | 83,339 million SLC | +4.3% |
| 1974 | 77,998 million SLC | -6.4% |
| 1975 | 80,677 million SLC | +3.4% |
| 1976 | 83,815 million SLC | +3.9% |
| 1977 | 87,029 million SLC | +3.8% |
| 1978 | 95,537 million SLC | +9.8% |
| 1979 | 98,282 million SLC | +2.9% |
| 1980 | 110,850 million SLC | +12.8% |
| 1981 | 118,888 million SLC | +7.3% |
| 1982 | 107,629 million SLC | -9.5% |
| 1983 | 113,097 million SLC | +5.1% |
| 1984 | 123,966 million SLC | +9.6% |
| 1985 | 131,318 million SLC | +5.9% |
| 1986 | 131,825 million SLC | +0.4% |
| 1987 | 141,699 million SLC | +7.5% |
| 1988 | 156,892 million SLC | +10.7% |
| 1989 | 158,313 million SLC | +0.9% |
| 1990 | 143,306 million SLC | -9.5% |
| 1991 | 137,577 million SLC | -4.0% |
| 1992 | 146,706 million SLC | +6.6% |
| 1993 | 155,204 million SLC | +5.8% |
| 1994 | 172,316 million SLC | +11.0% |
| 1995 | 177,032 million SLC | +2.7% |
| 1996 | 188,784 million SLC | +6.6% |
| 1997 | 207,164 million SLC | +9.7% |
| 1998 | 216,362 million SLC | +4.4% |
| 1999 | 233,874 million SLC | +8.1% |
| 2000 | 215,295 million SLC | -7.9% |
| 2001 | 234,941 million SLC | +9.1% |
| 2002 | 264,467 million SLC | +12.6% |
| 2003 | 287,569 million SLC | +8.7% |
| 2004 | 305,096 million SLC | +6.1% |
| 2005 | 330,337 million SLC | +8.3% |
| 2006 | 345,267 million SLC | +4.5% |
| 2007 | 375,521 million SLC | +8.8% |
| 2008 | 381,243 million SLC | +1.5% |
| 2009 | 387,954 million SLC | +1.8% |
| 2010 | 401,936 million SLC | +3.6% |
| 2011 | 448,578 million SLC | +11.6% |
| 2012 | 461,566 million SLC | +2.9% |
| 2013 | 452,868 million SLC | -1.9% |
| 2014 | 436,194 million SLC | -3.7% |
| 2015 | 420,839 million SLC | -3.5% |
| 2016 | 420,975 million SLC | +0.0% |
| 2017 | 441,814 million SLC | +5.0% |
| 2018 | 436,724 million SLC | -1.2% |
| 2019 | 427,151 million SLC | -2.2% |
| 2020 | 444,335 million SLC | +4.0% |
| 2021 | 475,269 million SLC | +7.0% |
| 2022 | 487,266 million SLC | +2.5% |
| 2023 | 509,226 million SLC | +4.5% |
| 2024 | 532,175 million SLC | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 83,960 million SLC | 75,439 million SLC | 98,282 million SLC | 10 |
| 1980s | 129,448 million SLC | 107,629 million SLC | 158,313 million SLC | 10 |
| 1990s | 177,832 million SLC | 137,577 million SLC | 233,874 million SLC | 10 |
| 2000s | 312,769 million SLC | 215,295 million SLC | 387,954 million SLC | 10 |
| 2010s | 434,864 million SLC | 401,936 million SLC | 461,566 million SLC | 10 |
| 2020s | 489,654 million SLC | 444,335 million SLC | 532,175 million SLC | 5 |
Countries ranked near Australia
More economy & growth data for Australia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- Gross domestic savings (current US$), annual growth rate -3.16 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.25 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 16,280 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate -1.9 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.3862 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 25,154 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 3.87 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9845 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Australia?
- Gross fixed capital formation — value standard local currency, 2015 in Australia was 532,175 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Australia?
- The highest recorded value was 532,175 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Australia?
- The lowest recorded value was 75,439 million SLC in 1970.
- How does Australia rank for gross fixed capital formation — value standard local currency, 2015?
- Australia ranks 62nd out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Australia?
- Over the last ten years it is up 22.0%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).