Annual government: Gross fixed capital formation … function fixed in Australia
Australia: Annual government: Gross fixed capital formation … function fixed was 101,606 National currency in 2024. ◆ Volatile
Annual government expenditure by function (COFOG) — Gross fixed 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 fixed in Australia is 101,606 National currency, measured in 2024.
The figure is down 1.2% on the previous year and up 117.2% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross fixed in Australia peaked at 102,815 National currency in 2023 and was at its lowest, 14,645 National currency, in 1998.
That places Australia 13th out of 27 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 fixed capital formation … function fixed in Australia, year by year
| Year | National currency | Change |
|---|---|---|
| 1998 | 14,645 National currency | — |
| 1999 | 17,038 National currency | +16.3% |
| 2000 | 16,566 National currency | -2.8% |
| 2001 | 18,011 National currency | +8.7% |
| 2002 | 19,215 National currency | +6.7% |
| 2003 | 18,865 National currency | -1.8% |
| 2004 | 21,601 National currency | +14.5% |
| 2005 | 25,150 National currency | +16.4% |
| 2006 | 29,457 National currency | +17.1% |
| 2007 | 32,297 National currency | +9.6% |
| 2008 | 39,560 National currency | +22.5% |
| 2009 | 49,050 National currency | +24.0% |
| 2010 | 47,895 National currency | -2.4% |
| 2011 | 46,366 National currency | -3.2% |
| 2012 | 46,046 National currency | -0.7% |
| 2013 | 46,329 National currency | +0.6% |
| 2014 | 46,775 National currency | +1.0% |
| 2015 | 48,806 National currency | +4.3% |
| 2016 | 58,293 National currency | +19.4% |
| 2017 | 64,359 National currency | +10.4% |
| 2018 | 71,640 National currency | +11.3% |
| 2019 | 74,050 National currency | +3.4% |
| 2020 | 76,552 National currency | +3.4% |
| 2021 | 84,551 National currency | +10.4% |
| 2022 | 92,683 National currency | +9.6% |
| 2023 | 102,815 National currency | +10.9% |
| 2024 | 101,606 National currency | -1.2% |
Australia compared with similar countries
- Australia's 101,606 National currency is above the median for high income countries, which is 93,394 National currency, 1.1× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15,842 National currency | 14,645 National currency | 17,038 National currency | 2 |
| 2000s | 26,977 National currency | 16,566 National currency | 49,050 National currency | 10 |
| 2010s | 55,056 National currency | 46,046 National currency | 74,050 National currency | 10 |
| 2020s | 91,641 National currency | 76,552 National currency | 102,815 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 fixed in Australia?
- Annual government expenditure by function (cofog) — gross fixed in Australia was 101,606 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross fixed recorded in Australia?
- The highest recorded value was 102,815 National currency in 2023.
- What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in Australia?
- The lowest recorded value was 14,645 National currency in 1998.
- How does Australia rank for annual government expenditure by function (cofog) — gross fixed?
- Australia ranks 13th out of 27 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross fixed rising or falling in Australia?
- Over the last ten years it is up 117.2%. 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 fixed capital formation. 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