Gross Fixed Capital Formation — Value US$, 2015 prices (US 2015) in Australia
Australia: Gross Fixed Capital Formation — Value US$, 2015 prices was 399,804 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Australia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Australia is 399,804 million USD, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 4.5% on the previous year and up 22.0% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Australia peaked at 399,804 million USD in 2024 and was at its lowest, 56,674 million USD, in 1970.
That places Australia 13th out of 235 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Australia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 56,674 million USD | — |
| 1971 | 58,265 million USD | +2.8% |
| 1972 | 60,048 million USD | +3.1% |
| 1973 | 62,610 million USD | +4.3% |
| 1974 | 58,597 million USD | -6.4% |
| 1975 | 60,609 million USD | +3.4% |
| 1976 | 62,967 million USD | +3.9% |
| 1977 | 65,382 million USD | +3.8% |
| 1978 | 71,773 million USD | +9.8% |
| 1979 | 73,835 million USD | +2.9% |
| 1980 | 83,278 million USD | +12.8% |
| 1981 | 89,316 million USD | +7.3% |
| 1982 | 80,858 million USD | -9.5% |
| 1983 | 84,966 million USD | +5.1% |
| 1984 | 93,131 million USD | +9.6% |
| 1985 | 98,654 million USD | +5.9% |
| 1986 | 99,036 million USD | +0.4% |
| 1987 | 106,454 million USD | +7.5% |
| 1988 | 117,867 million USD | +10.7% |
| 1989 | 118,935 million USD | +0.9% |
| 1990 | 107,661 million USD | -9.5% |
| 1991 | 103,357 million USD | -4.0% |
| 1992 | 110,215 million USD | +6.6% |
| 1993 | 116,599 million USD | +5.8% |
| 1994 | 129,455 million USD | +11.0% |
| 1995 | 132,998 million USD | +2.7% |
| 1996 | 141,827 million USD | +6.6% |
| 1997 | 155,635 million USD | +9.7% |
| 1998 | 162,545 million USD | +4.4% |
| 1999 | 175,701 million USD | +8.1% |
| 2000 | 161,743 million USD | -7.9% |
| 2001 | 176,503 million USD | +9.1% |
| 2002 | 198,685 million USD | +12.6% |
| 2003 | 216,040 million USD | +8.7% |
| 2004 | 229,207 million USD | +6.1% |
| 2005 | 248,171 million USD | +8.3% |
| 2006 | 259,386 million USD | +4.5% |
| 2007 | 282,115 million USD | +8.8% |
| 2008 | 286,414 million USD | +1.5% |
| 2009 | 291,456 million USD | +1.8% |
| 2010 | 301,960 million USD | +3.6% |
| 2011 | 337,000 million USD | +11.6% |
| 2012 | 346,758 million USD | +2.9% |
| 2013 | 340,223 million USD | -1.9% |
| 2014 | 327,696 million USD | -3.7% |
| 2015 | 316,161 million USD | -3.5% |
| 2016 | 316,263 million USD | +0.0% |
| 2017 | 331,919 million USD | +5.0% |
| 2018 | 328,095 million USD | -1.2% |
| 2019 | 320,903 million USD | -2.2% |
| 2020 | 333,813 million USD | +4.0% |
| 2021 | 357,052 million USD | +7.0% |
| 2022 | 366,065 million USD | +2.5% |
| 2023 | 382,563 million USD | +4.5% |
| 2024 | 399,804 million USD | +4.5% |
Australia compared with similar countries
- Australia's 399,804 million USD is above the median for high income countries, which is 13,942 million USD, 28.7× the median. (73 countries reporting)
- Australia's 399,804 million USD is above the median for East Asia & Pacific, which is 3,296 million USD, 121.3× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 63,076 million USD | 56,674 million USD | 73,835 million USD | 10 |
| 1980s | 97,249 million USD | 80,858 million USD | 118,935 million USD | 10 |
| 1990s | 133,599 million USD | 103,357 million USD | 175,701 million USD | 10 |
| 2000s | 234,972 million USD | 161,743 million USD | 291,456 million USD | 10 |
| 2010s | 326,698 million USD | 301,960 million USD | 346,758 million USD | 10 |
| 2020s | 367,859 million USD | 333,813 million USD | 399,804 million USD | 5 |
Countries ranked near Australia
- 10 Republic of Korea 571,534 million USD compare
- 11 Italy 471,911 million USD compare
- 12 Australia and New Zealand 453,936 million USD compare
- 14 Indonesia 390,633 million USD compare
- 15 Russian Federation 387,507 million USD compare
- 15 Russia 387,507 million USD compare
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 us$, 2015 prices in Australia?
- Gross fixed capital formation — value us$, 2015 prices in Australia was 399,804 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Australia?
- The highest recorded value was 399,804 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Australia?
- The lowest recorded value was 56,674 million USD in 1970.
- How does Australia rank for gross fixed capital formation — value us$, 2015 prices?
- Australia ranks 13th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).