Australia vs South Korea: Gross fixed capital formation
Gross fixed capital formation over time
- Australia
- South Korea
How they compare
South Korea currently reports 519.10 billion constant 2015 US$ against 417.59 billion constant 2015 US$ in Australia, a difference of 101.52 billion constant 2015 US$.
That makes South Korea's figure about 1.2 times Australia's.
The two have swapped places 1 time across 66 shared years of data; in 1960 it was Australia ahead.
Globally, Australia ranks 9th and South Korea ranks 7th 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.