Total Expenditure (highest government level) — Value US$, 2015 prices in Australia and New Zealand
Australia and New Zealand: Total Expenditure (highest government level) — Value US$, 2015 prices was 648,980 million USD in 2024. ▲ Rising
Total Expenditure (highest government level) — Value US$, 2015 prices in Australia and New Zealand, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total expenditure (highest government level) — value us$, 2015 prices in Australia and New Zealand is 648,980 million USD, measured in 2024. That is the highest value across all 24 years on record.
That represents a change of up 5.1% on the previous year and up 29.8% over ten years.
Over the whole period, total expenditure (highest government level) — value us$, 2015 prices in Australia and New Zealand peaked at 648,980 million USD in 2024 and was at its lowest, 326,440 million USD, in 2001.
The long-run direction has been consistently rising across the 24 years of available data.
Total Expenditure (highest government level) — Value US$, 2015 prices in Australia and New Zealand, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 326,440 million USD | — |
| 2002 | 333,288 million USD | +2.1% |
| 2003 | 339,177 million USD | +1.8% |
| 2004 | 350,473 million USD | +3.3% |
| 2005 | 358,113 million USD | +2.2% |
| 2006 | 348,145 million USD | -2.8% |
| 2007 | 359,372 million USD | +3.2% |
| 2008 | 367,068 million USD | +2.1% |
| 2009 | 417,358 million USD | +13.7% |
| 2010 | 411,505 million USD | -1.4% |
| 2011 | 435,225 million USD | +5.8% |
| 2012 | 456,361 million USD | +4.9% |
| 2013 | 475,850 million USD | +4.3% |
| 2014 | 499,967 million USD | +5.1% |
| 2015 | 517,700 million USD | +3.5% |
| 2016 | 515,429 million USD | -0.4% |
| 2017 | 526,887 million USD | +2.2% |
| 2018 | 535,319 million USD | +1.6% |
| 2019 | 556,924 million USD | +4.0% |
| 2020 | 629,998 million USD | +13.1% |
| 2021 | 645,056 million USD | +2.4% |
| 2022 | 617,133 million USD | -4.3% |
| 2023 | 617,518 million USD | +0.1% |
| 2024 | 648,980 million USD | +5.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 355,493 million USD | 326,440 million USD | 417,358 million USD | 9 |
| 2010s | 493,117 million USD | 411,505 million USD | 556,924 million USD | 10 |
| 2020s | 631,737 million USD | 617,133 million USD | 648,980 million USD | 5 |
More economy & growth data for Australia and New Zealand
- Gross Fixed Capital Formation — Annual growth US$ 7.42 % (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 Domestic Product — Value US$ per capita 65,559 USD (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 54,411 USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 1.74 million million USD (2024)
- Gross Domestic Product — Annual growth US$ 3.22 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 2.24 % (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 116.66 USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 25.3 % (2024)
Frequently asked questions
- What is total expenditure (highest government level) — value us$, 2015 prices in Australia and New Zealand?
- Total expenditure (highest government level) — value us$, 2015 prices in Australia and New Zealand was 648,980 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (highest government level) — value us$, 2015 prices recorded in Australia and New Zealand?
- The highest recorded value was 648,980 million USD in 2024.
- What is the lowest total expenditure (highest government level) — value us$, 2015 prices recorded in Australia and New Zealand?
- The lowest recorded value was 326,440 million USD in 2001.
- How does Australia and New Zealand rank for total expenditure (highest government level) — value us$, 2015 prices?
- Australia and New Zealand ranks 1st out of 1 countries with data for 2024.
- Is total expenditure (highest government level) — value us$, 2015 prices rising or falling in Australia and New Zealand?
- Over the last ten years it is up 29.8%. The long-run trend across the full record is rising.
- 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 Total Expenditure (highest government level) — Value US$, 2015 prices. 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.