Evidence from credible sources supports the statement as accurate. Learn more in Methodology.
Official economic or investment statistics show that two-way foreign direct investment (or comparable bilateral investment measure) between the United States and Australia reached the highest recorded level.
Data from both countries' official statistics show bilateral investment (U.S. investment in Australia and Australian investment in the U.S.) reached historically high stock values by end-2024, supporting the State Department's description of "record levels of two-way investment." BEA data show U.S. direct investment abroad and foreign direct investment in the U.S. rose to $6.83 trillion and $5.71 trillion respectively at end-2024, and Australian government statistics report Australian investment in the U.S. was about A$1.6 trillion (approx. US$1.1–1.2 trillion) at end-2024 while U.S. was the largest investor in Australia (U.S. FDI stock in Australia historically near record levels). Verdict: True — official U.S. and Australian data indicate two-way investment between the United States and Australia was at record or near-record stock levels by end-2024.