Total Expenditure (central government) — Value Standard Local Currency in Australia
Australia: Total Expenditure (central government) — Value Standard Local Currency was 723,129 million SLC in 2024. ▲ Rising
Total Expenditure (central government) — Value Standard Local Currency in Australia, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total expenditure (central government) — value standard local currency in Australia stood at 723,129 million SLC. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 7.4% on the previous year and up 69.9% over ten years.
Over the whole period, total expenditure (central government) — value standard local currency in Australia peaked at 723,129 million SLC in 2024 and was at its lowest, 185,274 million SLC, in 2001.
That places Australia 68th out of 174 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (central government) — Value Standard Local Currency in Australia, year by year
| Year | million SLC | Change |
|---|---|---|
| 2001 | 185,274 million SLC | — |
| 2002 | 199,479 million SLC | +7.7% |
| 2003 | 206,548 million SLC | +3.5% |
| 2004 | 221,374 million SLC | +7.2% |
| 2005 | 236,620 million SLC | +6.9% |
| 2006 | 249,028 million SLC | +5.2% |
| 2007 | 266,393 million SLC | +7.0% |
| 2008 | 287,077 million SLC | +7.8% |
| 2009 | 333,950 million SLC | +16.3% |
| 2010 | 348,352 million SLC | +4.3% |
| 2011 | 368,819 million SLC | +5.9% |
| 2012 | 392,028 million SLC | +6.3% |
| 2013 | 399,480 million SLC | +1.9% |
| 2014 | 425,582 million SLC | +6.5% |
| 2015 | 440,991 million SLC | +3.6% |
| 2016 | 451,572 million SLC | +2.4% |
| 2017 | 469,472 million SLC | +4.0% |
| 2018 | 488,730 million SLC | +4.1% |
| 2019 | 517,052 million SLC | +5.8% |
| 2020 | 607,941 million SLC | +17.6% |
| 2021 | 688,833 million SLC | +13.3% |
| 2022 | 653,852 million SLC | -5.1% |
| 2023 | 673,006 million SLC | +2.9% |
| 2024 | 723,129 million SLC | +7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 242,860 million SLC | 185,274 million SLC | 333,950 million SLC | 9 |
| 2010s | 430,208 million SLC | 348,352 million SLC | 517,052 million SLC | 10 |
| 2020s | 669,352 million SLC | 607,941 million SLC | 723,129 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 value added at basic prices (GVA) (current LCU), annual growth 3.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.45 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 94,238 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8814 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 57,404 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1.41 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is total expenditure (central government) — value standard local currency in Australia?
- Total expenditure (central government) — value standard local currency in Australia was 723,129 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (central government) — value standard local currency recorded in Australia?
- The highest recorded value was 723,129 million SLC in 2024.
- What is the lowest total expenditure (central government) — value standard local currency recorded in Australia?
- The lowest recorded value was 185,274 million SLC in 2001.
- How does Australia rank for total expenditure (central government) — value standard local currency?
- Australia ranks 68th out of 174 countries with data for 2024.
- Is total expenditure (central government) — value standard local currency rising or falling in Australia?
- Over the last ten years it is up 69.9%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (central government) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.