Australia vs South Korea: Gross fixed capital formation
Gross fixed capital formation over time
- Australia
- South Korea
How they compare
South Korea currently reports 530.44 billion current US$ against 437.56 billion current US$ in Australia, a difference of 92.89 billion current US$.
That makes South Korea's figure about 1.2 times Australia's.
The two have swapped places 3 times across 66 shared years of data; in 1960 it was Australia ahead.
Globally, Australia ranks 13th and South Korea ranks 11th of 180 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.