Gross Fixed Capital Formation — Value US$ in Australia
Australia: Gross Fixed Capital Formation — Value US$ was 464,153 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Australia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$ in Australia stood at 464,153 million USD. That is the highest value across all 55 years on record.
The figure is up 7.7% on the previous year and up 20.9% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Australia peaked at 464,153 million USD in 2024 and was at its lowest, 13,856 million USD, in 1970.
That places Australia 15th 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$ in Australia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 13,856 million USD | — |
| 1971 | 15,177 million USD | +9.5% |
| 1972 | 17,268 million USD | +13.8% |
| 1973 | 24,416 million USD | +41.4% |
| 1974 | 26,437 million USD | +8.3% |
| 1975 | 28,599 million USD | +8.2% |
| 1976 | 30,316 million USD | +6.0% |
| 1977 | 30,661 million USD | +1.1% |
| 1978 | 36,267 million USD | +18.3% |
| 1979 | 39,734 million USD | +9.6% |
| 1980 | 49,262 million USD | +24.0% |
| 1981 | 58,510 million USD | +18.8% |
| 1982 | 51,010 million USD | -12.8% |
| 1983 | 50,121 million USD | -1.7% |
| 1984 | 55,834 million USD | +11.4% |
| 1985 | 51,266 million USD | -8.2% |
| 1986 | 53,469 million USD | +4.3% |
| 1987 | 63,094 million USD | +18.0% |
| 1988 | 82,577 million USD | +30.9% |
| 1989 | 88,520 million USD | +7.2% |
| 1990 | 79,652 million USD | -10.0% |
| 1991 | 75,303 million USD | -5.5% |
| 1992 | 76,620 million USD | +1.7% |
| 1993 | 76,042 million USD | -0.8% |
| 1994 | 90,977 million USD | +19.6% |
| 1995 | 94,689 million USD | +4.1% |
| 1996 | 104,716 million USD | +10.6% |
| 1997 | 110,025 million USD | +5.1% |
| 1998 | 99,121 million USD | -9.9% |
| 1999 | 110,895 million USD | +11.9% |
| 2000 | 95,161 million USD | -14.2% |
| 2001 | 95,053 million USD | -0.1% |
| 2002 | 113,667 million USD | +19.6% |
| 2003 | 149,238 million USD | +31.3% |
| 2004 | 183,836 million USD | +23.2% |
| 2005 | 212,128 million USD | +15.4% |
| 2006 | 224,683 million USD | +5.9% |
| 2007 | 278,471 million USD | +23.9% |
| 2008 | 292,054 million USD | +4.9% |
| 2009 | 275,002 million USD | -5.8% |
| 2010 | 338,629 million USD | +23.1% |
| 2011 | 424,299 million USD | +25.3% |
| 2012 | 443,209 million USD | +4.5% |
| 2013 | 414,949 million USD | -6.4% |
| 2014 | 383,843 million USD | -7.5% |
| 2015 | 316,161 million USD | -17.6% |
| 2016 | 314,504 million USD | -0.5% |
| 2017 | 345,571 million USD | +9.9% |
| 2018 | 340,693 million USD | -1.4% |
| 2019 | 314,256 million USD | -7.8% |
| 2020 | 324,969 million USD | +3.4% |
| 2021 | 405,834 million USD | +24.9% |
| 2022 | 414,841 million USD | +2.2% |
| 2023 | 430,893 million USD | +3.9% |
| 2024 | 464,153 million USD | +7.7% |
Australia compared with similar countries
- Australia's 464,153 million USD is above the median for high income countries, which is 20,129 million USD, 23.1× the median. (73 countries reporting)
- Australia's 464,153 million USD is above the median for East Asia & Pacific, which is 3,348 million USD, 138.7× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26,273 million USD | 13,856 million USD | 39,734 million USD | 10 |
| 1980s | 60,366 million USD | 49,262 million USD | 88,520 million USD | 10 |
| 1990s | 91,804 million USD | 75,303 million USD | 110,895 million USD | 10 |
| 2000s | 191,929 million USD | 95,053 million USD | 292,054 million USD | 10 |
| 2010s | 363,611 million USD | 314,256 million USD | 443,209 million USD | 10 |
| 2020s | 408,138 million USD | 324,969 million USD | 464,153 million USD | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.55 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0025 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -164.69 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 36.52 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.02 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0203 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,323 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.24 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Australia?
- Gross fixed capital formation — value us$ in Australia was 464,153 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Australia?
- The highest recorded value was 464,153 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Australia?
- The lowest recorded value was 13,856 million USD in 1970.
- How does Australia rank for gross fixed capital formation — value us$?
- Australia ranks 15th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Australia?
- Over the last ten years it is up 20.9%. 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$. Statizoid updates them automatically from the source API.
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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).