Economic Growth•Series ID: GGDPECCVPSBY•1986–2026
Private Business Investment Growth - Historical Data
Tracks private sector capital expenditure on machinery, equipment, non-dwelling construction, and intellectual property.
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Current Statistics & Historical Records
Latest Reading (2026 Q2)
10.5%
Prev (2026 Q1): 10.5%0.0 pp
Highest Recorded (2011 Q3)
26.5%
China mining investment & Terms of Trade supercycle peak
Lowest Recorded (1991 Q3)
-15.4%
Early 1990s recession ("The recession we had to have")
Long-Run Mean (1986–2026)
5.2%
41 annual observations · Quarterly
Private Business Investment Growth - Historical Series (1986–2026)
% p.a.Drag to pan, scroll to zoom, or toggle between full annual history (1986–2026) and recent quarterly releases.
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Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GGDPECCVPSBY) Latest: 10.5 % p.a. (2026 Q2)
Private Business Investment Growth by Decade (1986–2026)
Decade averages, peaks, and troughs across Australian economic cycles
1980s1986–1989
9.6%
High (1988):13.2%
Low (1986):2.6%
1990s1990–1999
4.6%
High (1994):15.5%
Low (1991):-14.2%
2000s2000–2009
8.2%
High (2002):14.3%
Low (2009):-3.9%
2010s2010–2019
1.6%
High (2011):19.6%
Low (2015):-9.8%
2020s2020–2026
4.5%
High (2026):10.5%
Low (2020):-2.6%
Private Business Investment Growth - Historical Table (1986–2026)
Unit: % p.a. · Source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (GGDPECCVPSBY)
| Year | Business Investment (% p.a.) | Year Range (Low – High) | Historical Context / Year Snapshot |
|---|---|---|---|
| 2026 | 10.5% | 10.5% | The Australian Economy in 2026 → |
| 2025 | 2.1% | -0.4% – 4.5% | Disinflation & monetary policy recalibration |
| 2024 | 1.4% | -0.6% – 3.9% | The Australian Economy in 2024 → |
| 2023 | 7.4% | 6.4% – 7.9% | The Australian Economy in 2023 → |
| 2022 | 4.7% | 3.4% – 6.3% | Post-pandemic inflation surge & rapid RBA tightening cycle |
| 2021 | 8.3% | 4.0% – 10.9% | The Australian Economy in 2021 → |
| 2020 | -2.6% | -5.2% – -0.5% | COVID-19 pandemic shock & 0.10% cash rate floor |
| 2019 | -0.5% | -1.7% – 0.8% | The Australian Economy in 2019 → |
| 2018 | 1.8% | -1.6% – 5.6% | The Australian Economy in 2018 → |
| 2017 | 4.8% | -0.5% – 10.1% | The Australian Economy in 2017 → |
| 2016 | -9.6% | -11.6% – -5.7% | The Australian Economy in 2016 → |
| 2015 | -9.8% | -12.0% – -6.9% | The Australian Economy in 2015 → |
| 2014 | -5.2% | -6.6% – -3.8% | The Australian Economy in 2014 → |
| 2013 | -3.6% | -7.1% – 0.3% | The Australian Economy in 2013 → |
| 2012 | 18.8% | 12.1% – 24.8% | The Australian Economy in 2012 → |
| 2011 | 19.6% | 14.1% – 26.5% | China mining investment & Terms of Trade supercycle peak |
| 2010 | 0.1% | -4.9% – 4.5% | The Australian Economy in 2010 → |
| 2009 | -3.9% | -9.1% – 0.5% | The Australian Economy in 2009 → |
| 2008 | 9.5% | 8.7% – 10.7% | Global Financial Crisis (GFC) & emergency rate cuts |
| 2007 | 12.2% | 9.1% – 14.1% | The Australian Economy in 2007 → |
| 2006 | 8.7% | 2.3% – 15.7% | The Australian Economy in 2006 → |
| 2005 | 14.3% | 10.0% – 17.9% | The Australian Economy in 2005 → |
| 2004 | 10.9% | 8.1% – 12.7% | The Australian Economy in 2004 → |
| 2003 | 13.3% | 10.4% – 15.5% | The Australian Economy in 2003 → |
| 2002 | 14.3% | 9.6% – 20.3% | The Australian Economy in 2002 → |
| 2001 | -1.0% | -5.2% – 7.1% | The Australian Economy in 2001 → |
| 2000 | 3.8% | -4.1% – 7.0% | Introduction of the 10% Goods and Services Tax (GST) |
| 1999 | 4.7% | -1.2% – 9.1% | The Australian Economy in 1999 → |
| 1998 | 8.1% | 5.7% – 13.3% | The Australian Economy in 1998 → |
| 1997 | 8.7% | 7.1% – 11.4% | The Australian Economy in 1997 → |
| 1996 | 13.0% | 11.5% – 15.2% | The Australian Economy in 1996 → |
| 1995 | 12.6% | 5.8% – 19.3% | The Australian Economy in 1995 → |
| 1994 | 15.5% | 5.0% – 22.6% | The Australian Economy in 1994 → |
| 1993 | 6.7% | 0.2% – 9.8% | RBA formalises 2–3% inflation targeting |
| 1992 | 0.5% | -6.2% – 13.5% | The Australian Economy in 1992 → |
| 1991 | -14.2% | -15.4% – -12.5% | Early 1990s recession ("The recession we had to have") |
| 1990 | -9.9% | -13.8% – -4.3% | Monetary tightening peak (17.5% Cash Rate) |
| 1989 | 12.8% | 3.3% – 19.7% | The Australian Economy in 1989 → |
| 1988 | 13.2% | 6.8% – 20.3% | The Australian Economy in 1988 → |
| 1987 | 9.9% | 5.7% – 12.9% | October 1987 sharemarket crash |
| 1986 | 2.6% | -3.5% – 8.7% | The Australian Economy in 1986 → |
Related Australian Economic Statistics
Source Information & Methodology
- Primary Institution:
- Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS)
- Dataset / Publication:
- New Private Business Fixed Capital Formation - Year-Ended Growth
- Series / Table ID:
- RBA Statistical Table H2 (GGDPECCVPSBY)
- Release Frequency:
- Quarterly
• Primary source: Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) - New Private Business Fixed Capital Formation - Year-Ended Growth (RBA Statistical Table H2).
• Observation frequency: Quarterly. Annual table values represent calendar year averages.
• Series coverage spans 1986 to 2026 (41 annual observations).
APA Citation:Reserve Bank of Australia & Australian Bureau of Statistics. (2026). New Private Business Fixed Capital Formation - Year-Ended Growth (H2: GGDPECCVPSBY). Retrieved October 2026 from https://www.rba.gov.au/statistics/tables/
Frequently Asked Questions: Private Business Investment Growth
- What is the current Private Business Investment Growth?
- As of 2026 Q2, the latest recorded Private Business Investment Growth is 10.5 (% p.a.), compared with 10.5 in 2026 Q1.
- What is the highest and lowest Private Business Investment Growth ever recorded in Australia?
- Across the historical series (1986–2026), the highest observation was 26.5 (% p.a.) in 2011 Q3, while the lowest was -15.4 (% p.a.) in 1991 Q3. The long-run historical average is 5.2.
- Where is the official Private Business Investment Growth data sourced from?
- This series is compiled from Reserve Bank of Australia (RBA) / Australian Bureau of Statistics (ABS) (New Private Business Fixed Capital Formation - Year-Ended Growth, Series ID: GGDPECCVPSBY) and is updated on a quarterly basis under CC BY 4.0 International / RBA Terms.