Total Expenditure (general government) — Value Standard Local Currency in Australia
Australia: Total Expenditure (general government) — Value Standard Local Currency was 1.02 million million SLC in 2024. ▲ Rising
Total Expenditure (general government) — Value Standard Local Currency in Australia, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for total expenditure (general government) — value standard local currency in Australia is 1.02 million million SLC, measured in 2024. That is the highest value across all 24 years on record.
That represents a change of up 8.1% on the previous year and up 74.6% over ten years.
Over the whole period, total expenditure (general government) — value standard local currency in Australia peaked at 1.02 million million SLC in 2024 and was at its lowest, 248,939 million SLC, in 2001.
That places Australia 45th out of 114 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 (general government) — Value Standard Local Currency in Australia, year by year
| Year | million SLC | Change |
|---|---|---|
| 2001 | 248,939 million SLC | — |
| 2002 | 262,915 million SLC | +5.6% |
| 2003 | 274,558 million SLC | +4.4% |
| 2004 | 295,340 million SLC | +7.6% |
| 2005 | 315,065 million SLC | +6.7% |
| 2006 | 333,744 million SLC | +5.9% |
| 2007 | 360,210 million SLC | +7.9% |
| 2008 | 386,794 million SLC | +7.4% |
| 2009 | 440,898 million SLC | +14.0% |
| 2010 | 460,021 million SLC | +4.3% |
| 2011 | 487,006 million SLC | +5.9% |
| 2012 | 523,065 million SLC | +7.4% |
| 2013 | 558,646 million SLC | +6.8% |
| 2014 | 585,811 million SLC | +4.9% |
| 2015 | 603,495 million SLC | +3.0% |
| 2016 | 621,681 million SLC | +3.0% |
| 2017 | 647,960 million SLC | +4.2% |
| 2018 | 678,802 million SLC | +4.8% |
| 2019 | 718,173 million SLC | +5.8% |
| 2020 | 833,342 million SLC | +16.0% |
| 2021 | 920,933 million SLC | +10.5% |
| 2022 | 919,136 million SLC | -0.2% |
| 2023 | 945,999 million SLC | +2.9% |
| 2024 | 1.02 million million SLC | +8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 324,274 million SLC | 248,939 million SLC | 440,898 million SLC | 9 |
| 2010s | 588,466 million SLC | 460,021 million SLC | 718,173 million SLC | 10 |
| 2020s | 928,426 million SLC | 833,342 million SLC | 1.02 million 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)
- GDP (current US$), annual growth rate 2.36 % change on previous year (2025)
- GDP (current US$), per capita 65,130 current US$ per person (2025)
- GDP (current LCU), annual growth rate 3.69 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 1.55 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 100,632 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.35 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9423 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 61,369 constant 2015 US$ per person (2025)
Frequently asked questions
- What is total expenditure (general government) — value standard local currency in Australia?
- Total expenditure (general government) — value standard local currency in Australia was 1.02 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (general government) — value standard local currency recorded in Australia?
- The highest recorded value was 1.02 million million SLC in 2024.
- What is the lowest total expenditure (general government) — value standard local currency recorded in Australia?
- The lowest recorded value was 248,939 million SLC in 2001.
- How does Australia rank for total expenditure (general government) — value standard local currency?
- Australia ranks 45th out of 114 countries with data for 2024.
- Is total expenditure (general government) — value standard local currency rising or falling in Australia?
- Over the last ten years it is up 74.6%. 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 (general 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.