National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Australia
NAEXCP04AUQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
159,716,000,000.00
Year-over-Year Change
46.46%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic indicator measures Australia's gross fixed capital formation, which represents investment in physical assets like machinery, equipment, and infrastructure. It is a key component of GDP and a crucial indicator of economic growth and business investment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Gross fixed capital formation (GFCF) is a measure of investment in the Australian economy. It tracks spending on new, non-financial fixed assets, including residential and non-residential buildings, machinery, and equipment. GFCF is an important indicator of economic health and can inform policymakers and investors about the pace of capital accumulation.
Methodology
The data is collected by the Australian Bureau of Statistics through surveys of businesses and government agencies.
Historical Context
GFCF is used by economists, policymakers, and market analysts to assess the strength of the Australian economy and the level of business investment.
Key Facts
- GFCF accounts for around 25% of Australia's GDP.
- Investment in machinery and equipment makes up over half of total GFCF.
- GFCF growth is closely watched as an indicator of the business cycle.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks Australia's gross fixed capital formation, which represents investment in physical assets like machinery, equipment, and infrastructure.
Q: Why is this trend relevant for users or analysts?
A: GFCF is an important indicator of economic health and business investment, and is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: GFCF is used by policymakers to assess the strength of the Australian economy and the level of business investment, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Australian Bureau of Statistics, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Australia (NAEXCP04AUQ189S), retrieved from FRED.