Gross Capital Formation (As % of GDP) rose to 24.3% in Australia in 2018

Gross Capital Formation (As % of GDP) (%)
Economy | Australia | February 01, 2019
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Excel Sheet

Gross capital formation as a share of GDP reached 24.3 % in 2018 in Australia, according to the National Statistical Office. This is 9969 % more than in the previous year.

Historically, gross capital formation as a share of GDP in Australia reached an all time high of 24.3 % in 2018 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 33.4 %, 24.3 % in Malaysia and 25.4 % in New Zealand in 2018.

Australia has been ranked 64th within the group of 163 countries we follow in terms of gross capital formation as a share of GDP, 5 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 % 0.337% 33.4% 33.6% 33.8% 33.9%
Malaysia % 0.256% 24.3% 24.7% 25.0% 24.9%
New Zealand % 0.243% 25.4% 25.7% 26.0% 26.3%
Papua New Guinea % ... ... ... ... ... ... ... ... ...
Philippines % 0.251% 27.5% 28.5% 29.0% 29.1%
Singapore % 0.276% 27.8% 27.5% 27.7% 27.8%
Thailand % 0.228% 23.4% 24.1% 25.1% 25.9%
Vietnam % 0.266% 27.5% 28.4% 29.4% 30.6%