Annual government: Gross capital formation … acquisitions in Australia
Australia: Annual government: Gross capital formation … acquisitions was 105,307 National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross capital in Australia, 1998–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
The most recent figure for annual government expenditure by function (cofog) — gross capital in Australia is 105,307 National currency, measured in 2024.
Compared with earlier readings it is down 0.6% on the previous year and up 121.3% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross capital in Australia peaked at 105,981 National currency in 2023 and was at its lowest, 14,500 National currency, in 1998.
That places Australia 13th out of 28 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual government: Gross capital formation … acquisitions in Australia, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 14,500 National currency | — |
| 1999 | 15,358 National currency | +5.9% |
| 2000 | 15,289 National currency | -0.4% |
| 2001 | 17,849 National currency | +16.7% |
| 2002 | 18,788 National currency | +5.3% |
| 2003 | 18,433 National currency | -1.9% |
| 2004 | 21,510 National currency | +16.7% |
| 2005 | 26,004 National currency | +20.9% |
| 2006 | 30,132 National currency | +15.9% |
| 2007 | 33,330 National currency | +10.6% |
| 2008 | 41,072 National currency | +23.2% |
| 2009 | 52,150 National currency | +27.0% |
| 2010 | 50,500 National currency | -3.2% |
| 2011 | 48,409 National currency | -4.1% |
| 2012 | 42,189 National currency | -12.8% |
| 2013 | 47,281 National currency | +12.1% |
| 2014 | 47,587 National currency | +0.6% |
| 2015 | 50,450 National currency | +6.0% |
| 2016 | 55,726 National currency | +10.5% |
| 2017 | 65,592 National currency | +17.7% |
| 2018 | 73,040 National currency | +11.4% |
| 2019 | 75,531 National currency | +3.4% |
| 2020 | 79,527 National currency | +5.3% |
| 2021 | 85,373 National currency | +7.4% |
| 2022 | 97,612 National currency | +14.3% |
| 2023 | 105,981 National currency | +8.6% |
| 2024 | 105,307 National currency | -0.6% |
Australia compared with similar countries
- Australia's 105,307 National currency is above the median for high income countries, which is 92,572 National currency, 1.1× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14,929 National currency | 14,500 National currency | 15,358 National currency | 2 |
| 2000s | 27,456 National currency | 15,289 National currency | 52,150 National currency | 10 |
| 2010s | 55,630 National currency | 42,189 National currency | 75,531 National currency | 10 |
| 2020s | 94,760 National currency | 79,527 National currency | 105,981 National currency | 5 |
Countries ranked near Australia
More public sector data for Australia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross capital in Australia?
- Annual government expenditure by function (cofog) — gross capital in Australia was 105,307 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross capital recorded in Australia?
- The highest recorded value was 105,981 National currency in 2023.
- What is the lowest annual government expenditure by function (cofog) — gross capital recorded in Australia?
- The lowest recorded value was 14,500 National currency in 1998.
- How does Australia rank for annual government expenditure by function (cofog) — gross capital?
- Australia ranks 13th out of 28 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross capital rising or falling in Australia?
- Over the last ten years it is up 121.3%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross capital formation and acquisitions less disposals of non-produced assets. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org