Australia - Gross capital formation (current US$)

Gross capital formation (current US$) in Australia was at 356023795657 USD, according to the World Bank collection of development indicators, compiled from officially recognized sources.



 australia gross capital formation us dollar wb data




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Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and work in progress. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.


Australia | Economy & Growth

GDP (current US$)
1339140527498 USD
GDP (current LCU)
1609513000000 LCU
GDP (constant 2005 US$)
1301024566004 USD
GDP (constant LCU)
1620073000000 LCU
GNI (current US$)
1311629919294 USD
GNI (current LCU)
1576448000000 LCU
GNI (constant 2005 US$)
1274357472488 USD
GNI (constant LCU)
1587532364094 LCU
Gross savings (current US$)
308227129422 USD
Gross savings (current LCU)
370458186852 LCU