GDP reading: GDP increased 0.2% in seasonally adjusted month-on-month terms in July, following a 0.1% fall in the previous month...
Fixed Investment in Australia
Australia's economy recorded an average growth rate of 1.2% in fixed investment during the past decade to 2024, which is same level as the % average for . In 2024, the fixed investment growth in Australia was 2.2%. For more investment information, visit our dedicated page.
Australia Investment Chart
Note: This chart displays Investment (annual variation in %) for Australia from 2025 to 2024.
Source: Macrobond.
Australia Investment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fixed Investment (ann. var. %) | -2.3 | 10.6 | 2.3 | 4.8 | 2.2 |
| Business Investment (ann. var. %) | -3.5 | 9.3 | 6.2 | 8.1 | 2.3 |
| Dwelling Investment (ann. var. %) | -4.4 | 9.3 | -3.6 | -1.3 | -0.1 |
GDP growth accelerates in Q2
GDP reading: GDP growth improved to 0.6% on a seasonally adjusted quarter on quarter basis in the second quarter from 0.3% in the first quarter, beating market expectations. Household consumption surged, lifted partly by stronger spending on both discretionary and essential goods during the Easter and ANZAC holidays. Government expenditure also increased, driven by higher social benefit payments and greater defense outlays. In contrast, fixed investment performed poorly and the contribution of net trade was only minorly positive.
Private and public spending drive expansion: Private consumption growth hit an over one-year high of 0.9% in the second quarter (Q1: +0.4% s.a. qoq). Government spending picked up to a 1.0% expansion in Q2 (Q1: +0.3% s.a. qoq). Meanwhile, fixed investment contracted 0.8% in Q2, marking the worst result since Q2 2020 (Q1: -0.1% s.a. qoq). On the external front, exports of goods and services were up 1.7% (Q1: -0.7% s.a. qoq) thanks to higher exports of mining commodities amid reduced weather-related disruptions. In addition, imports of goods and services growth picked up to 1.4% in Q2 (Q1: +0.1% s.a. qoq).
Solid GDP growth to continue: The economy should grow at a similar rate to Q2 going forward, thus performing close to its potential after several quarters of depressed readings by historical standards; Central Bank rate cuts will partly drive the improvement.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian investment projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable investment forecast available for Australian investment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian investment projections.
Want to get access to the full dataset of Australian investment forecasts? Send an email to info@focus-economics.com.
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