Total Expenditure (highest government level) — Value US$ in Australia and New Zealand
Australia and New Zealand: Total Expenditure (highest government level) — Value US$ was 781,451 million USD in 2024. ▲ Rising
Total Expenditure (highest government level) — Value US$ in Australia and New Zealand, 2001–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Australia and New Zealand recorded 781,451 million USD for total expenditure (highest government level) — value us$ in 2024.
The figure is up 7.2% on the previous year and up 29.8% over ten years.
Over the whole period, total expenditure (highest government level) — value us$ in Australia and New Zealand peaked at 789,037 million USD in 2021 and was at its lowest, 152,456 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$ in Australia and New Zealand, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 152,456 million USD | — |
| 2002 | 168,735 million USD | +10.7% |
| 2003 | 212,912 million USD | +26.2% |
| 2004 | 259,208 million USD | +21.7% |
| 2005 | 288,821 million USD | +11.4% |
| 2006 | 287,497 million USD | -0.5% |
| 2007 | 345,690 million USD | +20.2% |
| 2008 | 368,606 million USD | +6.6% |
| 2009 | 391,295 million USD | +6.2% |
| 2010 | 479,124 million USD | +22.4% |
| 2011 | 576,679 million USD | +20.4% |
| 2012 | 610,276 million USD | +5.8% |
| 2013 | 610,587 million USD | +0.1% |
| 2014 | 602,052 million USD | -1.4% |
| 2015 | 517,700 million USD | -14.0% |
| 2016 | 528,375 million USD | +2.1% |
| 2017 | 567,145 million USD | +7.3% |
| 2018 | 579,640 million USD | +2.2% |
| 2019 | 574,108 million USD | -1.0% |
| 2020 | 660,830 million USD | +15.1% |
| 2021 | 789,037 million USD | +19.4% |
| 2022 | 737,833 million USD | -6.5% |
| 2023 | 729,200 million USD | -1.2% |
| 2024 | 781,451 million USD | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 275,024 million USD | 152,456 million USD | 391,295 million USD | 9 |
| 2010s | 564,569 million USD | 479,124 million USD | 610,587 million USD | 10 |
| 2020s | 739,670 million USD | 660,830 million USD | 789,037 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$ in Australia and New Zealand?
- Total expenditure (highest government level) — value us$ in Australia and New Zealand was 781,451 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$ recorded in Australia and New Zealand?
- The highest recorded value was 789,037 million USD in 2021.
- What is the lowest total expenditure (highest government level) — value us$ recorded in Australia and New Zealand?
- The lowest recorded value was 152,456 million USD in 2001.
- How does Australia and New Zealand rank for total expenditure (highest government level) — value us$?
- Australia and New Zealand ranks 1st out of 1 countries with data for 2024.
- Is total expenditure (highest government level) — value us$ 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$. 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.