Algeria vs Australia: Gross fixed capital formation, private sector
Gross fixed capital formation, private sector over time
- Algeria
- Australia
How they compare
Australia currently reports 565.23 billion current LCU against 516.90 billion current LCU in Algeria, a difference of 48.33 billion current LCU.
That makes Australia's figure about 1.1 times Algeria's.
The two have swapped places 3 times across 29 shared years of data; in 1970 it was Australia ahead.
Globally, Algeria ranks 44th and Australia ranks 43rd of 105 countries.
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About this data
Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. 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 series is expressed in local currency units.