Australia vs Italy: Gross fixed capital formation
Gross fixed capital formation over time
- Australia
- Italy
How they compare
Italy currently reports 474.73 billion constant 2015 US$ against 417.59 billion constant 2015 US$ in Australia, a difference of 57.14 billion constant 2015 US$.
That makes Italy's figure about 1.1 times Australia's.
The two have swapped places 2 times across 56 shared years of data; in 1970 it was Italy ahead.
Globally, Australia ranks 9th and Italy ranks 8th of 160 countries.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.