Gross Fixed Capital Formation in Australia decreased to 104432 AUD Million in the second quarter of 2020 from 109760 AUD Million in the first quarter of 2020.
Gross Fixed Capital Formation in Australia averaged 50197.59 AUD Million from 1959 until 2020, reaching an all time high of 119565 AUD Million in the fourth quarter of 2012 and a record low of 10212 AUD Million in the fourth quarter of 1959. This page provides the latest reported value for - Australia Gross Fixed Capital Formation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Gross Fixed Capital Formation - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Australian Bureau of Statistics
Gross Fixed Capital Formation in Australia is expected to be 107616.00 AUD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gross Fixed Capital Formation in Australia to stand at 109967.00 in 12 months time. In the long-term, the Australia Gross Fixed Capital Formation is projected to trend around 107260.00 AUD Million in 2021 and 109942.00 AUD Million in 2022, according to our econometric models.