Gross capital formation reached 319,993 USD bil in 2017 in Australia, according to the National Statistical Office. This is 4.72 % more than in the previous year.
Historically, gross capital formation in Australia reached an all time high of 437,637 USD bil in 2013 and an all time low of 5,662 USD bil in 1962. When compared to Australia's main peers, gross capital formation in Indonesia amounted to 342,370 USD bil, 80,435 USD bil in Malaysia and 49,593 USD bil in New Zealand in 2017.
Australia has been ranked 15th within the group of 158 countries we follow in terms of gross capital formation, 2 places above 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.