Gross Fixed Capital Formation — Value US$, 2015 prices in Australia and New Zealand
Australia and New Zealand: Gross Fixed Capital Formation — Value US$, 2015 prices was 453,936 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Australia and New Zealand, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Australia and New Zealand recorded 453,936 million USD for gross fixed capital formation — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.4% on the previous year and up 23.7% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Australia and New Zealand peaked at 453,936 million USD in 2024 and was at its lowest, 63,737 million USD, in 1970.
That places Australia and New Zealand 10th out of 203 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Australia and New Zealand, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 63,737 million USD | — |
| 1971 | 66,300 million USD | +4.0% |
| 1972 | 69,400 million USD | +4.7% |
| 1973 | 72,803 million USD | +4.9% |
| 1974 | 69,667 million USD | -4.3% |
| 1975 | 71,253 million USD | +2.3% |
| 1976 | 72,980 million USD | +2.4% |
| 1977 | 74,226 million USD | +1.7% |
| 1978 | 80,517 million USD | +8.5% |
| 1979 | 81,927 million USD | +1.8% |
| 1980 | 91,832 million USD | +12.1% |
| 1981 | 99,452 million USD | +8.3% |
| 1982 | 91,553 million USD | -7.9% |
| 1983 | 96,737 million USD | +5.7% |
| 1984 | 105,782 million USD | +9.3% |
| 1985 | 112,402 million USD | +6.3% |
| 1986 | 112,810 million USD | +0.4% |
| 1987 | 120,923 million USD | +7.2% |
| 1988 | 132,049 million USD | +9.2% |
| 1989 | 133,841 million USD | +1.4% |
| 1990 | 122,094 million USD | -8.8% |
| 1991 | 115,584 million USD | -5.3% |
| 1992 | 122,757 million USD | +6.2% |
| 1993 | 131,264 million USD | +6.9% |
| 1994 | 146,369 million USD | +11.5% |
| 1995 | 151,748 million USD | +3.7% |
| 1996 | 161,469 million USD | +6.4% |
| 1997 | 175,549 million USD | +8.7% |
| 1998 | 181,771 million USD | +3.5% |
| 1999 | 196,953 million USD | +8.4% |
| 2000 | 182,943 million USD | -7.1% |
| 2001 | 199,474 million USD | +9.0% |
| 2002 | 223,476 million USD | +12.0% |
| 2003 | 244,394 million USD | +9.4% |
| 2004 | 259,879 million USD | +6.3% |
| 2005 | 280,602 million USD | +8.0% |
| 2006 | 291,263 million USD | +3.8% |
| 2007 | 316,470 million USD | +8.7% |
| 2008 | 318,290 million USD | +0.6% |
| 2009 | 320,140 million USD | +0.6% |
| 2010 | 331,725 million USD | +3.6% |
| 2011 | 368,556 million USD | +11.1% |
| 2012 | 380,034 million USD | +3.1% |
| 2013 | 376,661 million USD | -0.9% |
| 2014 | 367,084 million USD | -2.5% |
| 2015 | 356,875 million USD | -2.8% |
| 2016 | 357,932 million USD | +0.3% |
| 2017 | 376,385 million USD | +5.2% |
| 2018 | 374,882 million USD | -0.4% |
| 2019 | 368,967 million USD | -1.6% |
| 2020 | 381,029 million USD | +3.3% |
| 2021 | 409,099 million USD | +7.4% |
| 2022 | 419,195 million USD | +2.5% |
| 2023 | 434,645 million USD | +3.7% |
| 2024 | 453,936 million USD | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 72,281 million USD | 63,737 million USD | 81,927 million USD | 10 |
| 1980s | 109,738 million USD | 91,553 million USD | 133,841 million USD | 10 |
| 1990s | 150,556 million USD | 115,584 million USD | 196,953 million USD | 10 |
| 2000s | 263,693 million USD | 182,943 million USD | 320,140 million USD | 10 |
| 2010s | 365,910 million USD | 331,725 million USD | 380,034 million USD | 10 |
| 2020s | 419,581 million USD | 381,029 million USD | 453,936 million USD | 5 |
Countries ranked near Australia and New Zealand
- 7 Iran (Islamic Republic of) 97,864 million USD compare
- 7 United Kingdom of Great Britain and Northern Ireland 584,388 million USD compare
- 8 Democratic Republic of the Congo 70,625 million USD compare
- 8 Republic of Korea 571,534 million USD compare
- 9 Italy 471,911 million USD compare
- 9 United Republic of Tanzania 36,358 million USD compare
- 10 Bolivia (Plurinational State of) 7,754 million USD compare
- 11 Australia 399,804 million USD compare
- 11 Syrian Arab Republic 7,348 million USD compare
- 12 Indonesia 390,633 million USD compare
- 12 Melanesia 6,546 million USD compare
- 13 Lao People's Democratic Republic 6,487 million USD compare
- 13 Russian Federation 387,507 million USD compare
More economy & growth data for Australia and New Zealand
- Gross Domestic Product — Value US$ per capita, 2015 prices 54,411 USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 1.23 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 2.24 % (2024)
- Gross Domestic Product — Annual growth US$ 3.22 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 1.74 million million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4.44 % (2024)
- Gross Domestic Product — Value US$ 2.09 million million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 7.42 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 26.13 % (2024)
- Gross Domestic Product — Value US$ per capita 65,559 USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Australia and New Zealand?
- Gross fixed capital formation — value us$, 2015 prices in Australia and New Zealand was 453,936 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Australia and New Zealand?
- The highest recorded value was 453,936 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Australia and New Zealand?
- The lowest recorded value was 63,737 million USD in 1970.
- How does Australia and New Zealand rank for gross fixed capital formation — value us$, 2015 prices?
- Australia and New Zealand ranks 10th out of 203 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Australia and New Zealand?
- Over the last ten years it is up 23.7%. The long-run trend across the full record is volatile.
- Where does this Australia and New Zealand data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 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).