Gross Capital Formation (As % of GDP) fell to 0.242% in Australia in 2017

Gross Capital Formation (As % of GDP) (%)
Economy | Australia | December 11, 2018
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Excel Sheet

Gross capital formation as a share of GDP reached 0.242 % in 2017 in Australia, according to the National Statistical Office. This is 4.41 % less than in the previous year.

Historically, gross capital formation as a share of GDP in Australia reached an all time high of 0.337 % in 1969 and an all time low of 0.224 % in 1992. When compared to Australia's main peers, gross capital formation as a share of GDP in Indonesia amounted to 0.334 %, 0.255 % in Malaysia and 23.7 % in New Zealand in 2017.

Australia has been ranked 90th within the group of 169 countries we follow in terms of gross capital formation as a share of GDP, 28 places behind the position seen 10 years ago.

Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises), less disposals of fixed assets.

Gross Capital Formation (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Australia % 0.242 24.3 24.6 24.6 24.4
Cambodia % 0.229 22.0 22.0 21.8 21.7
Indonesia % 0.334 33.4 33.6 33.8 33.9
Malaysia % 0.255 24.3 24.7 25.0 24.9
New Zealand % 23.7 25.4 25.7 26.0 26.3
Papua New Guinea % ... ... ... ... ... ... ... ... ...
Philippines % 0.250 27.5 28.5 29.0 29.1
Singapore % 0.276 27.8 27.5 27.7 27.8
Thailand % 22.8 23.4 24.1 25.1 25.9
Vietnam % 0.258 27.5 28.4 29.4 30.6