Australia - Gross fixed capital formation in constant prices of 2015

361,646,567,776 (US dollars) in 2022

In 2022, real gross fixed capital formation for Australia was 361,646 million US dollars. Real gross fixed capital formation of Australia increased from 62,618 million US dollars in 1973 to 361,646 million US dollars in 2022 growing at an average annual rate of 3.80%.

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What is real gross fixed capital formation?

Gross fixed capital formation is measured by the total value of a producer’s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.

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What is Australia real gross fixed capital formation?