Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Australia and New Zealand

Gross capital formation (% of GDP) in Australia and New Zealand in 2024 — 24.2%. Since 1970, the indicator has fallen by 7.6 pp.

2024 24.2% +0.3 pp vs 2023
World rank
Period maximum 31.8%1970
Period minimum 21.9%1992

Trend over time

1970–2024 · % of GDP

Gross capital formation (% of GDP) — Australia and New Zealand, 1970–20242022.52527.53032.519701976198219881994200020062012201820241970: 31.8%1971: 30.9%1972: 29.4%1973: 28.2%1974: 31.1%1975: 26.9%1976: 26.5%1977: 26.7%1978: 25.3%1979: 27.3%1980: 26.3%1981: 28.2%1982: 29.4%1983: 25.5%1984: 26.8%1985: 27.9%1986: 28%1987: 26.5%1988: 26.8%1989: 28.8%1990: 27.8%1991: 23.4%1992: 21.9%1993: 23.3%1994: 24%1995: 25.6%1996: 24.5%1997: 24.6%1998: 25%1999: 25.7%2000: 25.7%2001: 23.3%2002: 24.1%2003: 25.6%2004: 26.8%2005: 27.1%2006: 27%2007: 27.1%2008: 27.9%2009: 26.4%2010: 26%2011: 25.8%2012: 27%2013: 27.2%2014: 26.2%2015: 25.8%2016: 25.1%2017: 24%2018: 24.5%2019: 23.4%2020: 22.5%2021: 23.2%2022: 24.1%2023: 23.9%2024: 24.2%
Change over the period: −7.6 pp Annual average: -0.14 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Australia and New Zealand

Australia and New Zealand 24.2%
World 26.3%
Gross capital formation (% of GDP) — Australia and New Zealand, by year Australia and New Zealand All countries CSV XLSX
Year % Change, pp
2024 24.2 +0.3 pp
2023 23.9 −0.1 pp
2022 24.1 +0.8 pp
2021 23.2 +0.7 pp
2020 22.5 −0.9 pp
2019 23.4 −1.1 pp
2018 24.5 +0.5 pp
2017 24 −1 pp
2016 25.1 −0.8 pp
2015 25.8 −0.4 pp
2014 26.2 −1 pp
2013 27.2 +0.2 pp
2012 27 +1.2 pp
2011 25.8 −0.2 pp
2010 26 −0.4 pp
2009 26.4 −1.5 pp
2008 27.9 +0.8 pp
2007 27.1 +0.1 pp
2006 27 −0.2 pp
2005 27.1 +0.4 pp
2004 26.8 +1.2 pp
2003 25.6 +1.5 pp
2002 24.1 +0.8 pp
2001 23.3 −2.4 pp
2000 25.7 +0 pp
1999 25.7 +0.7 pp
1998 25 +0.4 pp
1997 24.6 +0.1 pp
1996 24.5 −1.1 pp
1995 25.6 +1.6 pp
1994 24 +0.7 pp
1993 23.3 +1.4 pp
1992 21.9 −1.5 pp
1991 23.4 −4.4 pp
1990 27.8 −1 pp
1989 28.8 +1.9 pp
1988 26.8 +0.3 pp
1987 26.5 −1.5 pp
1986 28 +0.1 pp
1985 27.9 +1 pp
1984 26.8 +1.4 pp
1983 25.5 −4 pp
1982 29.4 +1.2 pp
1981 28.2 +1.9 pp
1980 26.3 −0.9 pp
1979 27.3 +2 pp
1978 25.3 −1.4 pp
1977 26.7 +0.2 pp
1976 26.5 −0.4 pp
1975 26.9 −4.3 pp
1974 31.1 +3 pp
1973 28.2 −1.2 pp
1972 29.4 −1.5 pp
1971 30.9 −0.8 pp
1970 31.8

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.