Australia vs Italy: Subsidies and other transfers (current LCU)
Subsidies and other transfers (current LCU) over time
- Australia
- Italy
How they compare
Italy currently reports 665.27 billion current LCU against 447.35 billion current LCU in Australia, a difference of 217.92 billion current LCU.
That makes Italy's figure about 1.5 times Australia's.
Across all 28 years both countries report, Italy has been ahead every year.
Australia ranks 55th and Italy ranks 52nd of 153 countries.
Italy has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Italy | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 88.93 billion current LCU | 279.28 billion current LCU | 190.36 billion current LCU | Italy |
| 2000s | 162.68 billion current LCU | 371.03 billion current LCU | 208.35 billion current LCU | Italy |
| 2010s | 288.88 billion current LCU | 489.39 billion current LCU | 200.51 billion current LCU | Italy |
| 2020s | 454.98 billion current LCU | 599.67 billion current LCU | 144.70 billion current LCU | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher subsidies and other transfers, Australia or Italy?
- Italy, at 665.27 billion current LCU against 447.35 billion current LCU in Australia as of 2024.
- What is the difference in subsidies and other transfers between Australia and Italy?
- 217.92 billion current LCU, with Italy ahead.
- How many years of comparable data are there for Australia and Italy?
- 28 years are reported by both, from 1995 to 2022.
- How do Australia and Italy rank globally for subsidies and other transfers?
- Australia ranks 55th and Italy ranks 52nd of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Subsidies and other transfers (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.