Gross Fixed Capital Formation — Value Standard Local Currency in Australia
Australia: Gross Fixed Capital Formation — Value Standard Local Currency was 703,358 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Australia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Australia recorded 703,358 million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 8.4% on the previous year and up 65.2% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Australia peaked at 703,358 million SLC in 2024 and was at its lowest, 12,371 million SLC, in 1970.
That places Australia 81st out of 230 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 in Australia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 12,371 million SLC | — |
| 1971 | 13,396 million SLC | +8.3% |
| 1972 | 14,483 million SLC | +8.1% |
| 1973 | 17,192 million SLC | +18.7% |
| 1974 | 18,418 million SLC | +7.1% |
| 1975 | 21,846 million SLC | +18.6% |
| 1976 | 24,807 million SLC | +13.6% |
| 1977 | 27,651 million SLC | +11.5% |
| 1978 | 31,685 million SLC | +14.6% |
| 1979 | 35,548 million SLC | +12.2% |
| 1980 | 43,264 million SLC | +21.7% |
| 1981 | 50,916 million SLC | +17.7% |
| 1982 | 50,289 million SLC | -1.2% |
| 1983 | 55,635 million SLC | +10.6% |
| 1984 | 63,624 million SLC | +14.4% |
| 1985 | 73,407 million SLC | +15.4% |
| 1986 | 79,988 million SLC | +9.0% |
| 1987 | 90,110 million SLC | +12.7% |
| 1988 | 105,691 million SLC | +17.3% |
| 1989 | 111,942 million SLC | +5.9% |
| 1990 | 102,039 million SLC | -8.8% |
| 1991 | 96,671 million SLC | -5.3% |
| 1992 | 104,330 million SLC | +7.9% |
| 1993 | 111,824 million SLC | +7.2% |
| 1994 | 124,434 million SLC | +11.3% |
| 1995 | 127,739 million SLC | +2.7% |
| 1996 | 133,813 million SLC | +4.8% |
| 1997 | 148,246 million SLC | +10.8% |
| 1998 | 157,783 million SLC | +6.4% |
| 1999 | 171,882 million SLC | +8.9% |
| 2000 | 164,137 million SLC | -4.5% |
| 2001 | 183,780 million SLC | +12.0% |
| 2002 | 209,212 million SLC | +13.8% |
| 2003 | 230,112 million SLC | +10.0% |
| 2004 | 249,971 million SLC | +8.6% |
| 2005 | 277,776 million SLC | +11.1% |
| 2006 | 298,373 million SLC | +7.4% |
| 2007 | 332,793 million SLC | +11.5% |
| 2008 | 348,181 million SLC | +4.6% |
| 2009 | 352,605 million SLC | +1.3% |
| 2010 | 369,160 million SLC | +4.7% |
| 2011 | 411,342 million SLC | +11.4% |
| 2012 | 428,052 million SLC | +4.1% |
| 2013 | 429,822 million SLC | +0.4% |
| 2014 | 425,821 million SLC | -0.9% |
| 2015 | 420,839 million SLC | -1.2% |
| 2016 | 423,075 million SLC | +0.5% |
| 2017 | 450,887 million SLC | +6.6% |
| 2018 | 455,988 million SLC | +1.1% |
| 2019 | 452,060 million SLC | -0.9% |
| 2020 | 472,208 million SLC | +4.5% |
| 2021 | 540,256 million SLC | +14.4% |
| 2022 | 598,061 million SLC | +10.7% |
| 2023 | 648,576 million SLC | +8.4% |
| 2024 | 703,358 million SLC | +8.4% |
Australia compared with similar countries
- Australia's 703,358 million SLC is above the median for high income countries, which is 36,467 million SLC, 19.3× the median. (73 countries reporting)
- Australia's 703,358 million SLC is above the median for East Asia & Pacific, which is 123,364 million SLC, 5.7× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21,740 million SLC | 12,371 million SLC | 35,548 million SLC | 10 |
| 1980s | 72,487 million SLC | 43,264 million SLC | 111,942 million SLC | 10 |
| 1990s | 127,876 million SLC | 96,671 million SLC | 171,882 million SLC | 10 |
| 2000s | 264,694 million SLC | 164,137 million SLC | 352,605 million SLC | 10 |
| 2010s | 426,705 million SLC | 369,160 million SLC | 455,988 million SLC | 10 |
| 2020s | 592,492 million SLC | 472,208 million SLC | 703,358 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)
- SDRs holdings, US dollar, annual growth rate 15.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 537.43 units per person (2025)
- SDRs holdings, SDR, annual growth rate 10.3 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 392.43 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.82 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0037 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Australia?
- Gross fixed capital formation — value standard local currency in Australia was 703,358 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 recorded in Australia?
- The highest recorded value was 703,358 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Australia?
- The lowest recorded value was 12,371 million SLC in 1970.
- How does Australia rank for gross fixed capital formation — value standard local currency?
- Australia ranks 81st out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Australia?
- Over the last ten years it is up 65.2%. 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. 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).