Gross capital formation in New Zealand
New Zealand: Gross capital formation was -3.5% in 2024. ◆ Volatile
Gross capital formation in New Zealand, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for gross capital formation in New Zealand is -3.5%, measured in 2024.
Compared with earlier readings it is up 51.0% on the previous year and down 140.0% over ten years.
Over the whole period, gross capital formation in New Zealand peaked at 31.1% in 1973 and was at its lowest, -32.5%, in 1975.
That places New Zealand 138th out of 169 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in New Zealand, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 7.2% | — |
| 1972 | 5.0% | -30.7% |
| 1973 | 31.1% | +521.2% |
| 1974 | 23.0% | -26.0% |
| 1975 | -32.5% | -241.1% |
| 1976 | 4.9% | -115.2% |
| 1977 | -11.4% | -330.8% |
| 1978 | -14.8% | +29.9% |
| 1979 | 12.9% | -186.9% |
| 1980 | -7.6% | -158.8% |
| 1981 | 20.6% | -372.3% |
| 1982 | 7.4% | -64.2% |
| 1983 | 5.5% | -26.0% |
| 1984 | 12.9% | +135.3% |
| 1985 | -4.1% | -132.1% |
| 1986 | -2.2% | -45.8% |
| 1987 | -4.4% | +98.3% |
| 1988 | 0.0% | -100.1% |
| 1989 | 14.0% | +613540.1% |
| 1990 | -8.3% | -159.2% |
| 1991 | -15.6% | +88.4% |
| 1992 | 8.4% | -153.6% |
| 1993 | 19.9% | +138.0% |
| 1994 | 13.6% | -31.8% |
| 1995 | 8.4% | -38.3% |
| 1996 | 3.1% | -62.9% |
| 1997 | 1.2% | -61.5% |
| 1998 | -4.5% | -480.5% |
| 1999 | 15.4% | -438.0% |
| 2000 | -1.1% | -107.4% |
| 2001 | 8.4% | -835.0% |
| 2002 | 7.1% | -15.6% |
| 2003 | 14.4% | +102.0% |
| 2004 | 9.0% | -37.6% |
| 2005 | 4.1% | -53.7% |
| 2006 | -5.2% | -226.4% |
| 2007 | 11.4% | -317.7% |
| 2008 | -7.5% | -165.8% |
| 2009 | -13.0% | +73.5% |
| 2010 | 7.3% | -156.2% |
| 2011 | 7.4% | +1.5% |
| 2012 | 4.2% | -43.9% |
| 2013 | 7.2% | +72.1% |
| 2014 | 8.7% | +20.6% |
| 2015 | 1.8% | -79.0% |
| 2016 | 3.2% | +73.8% |
| 2017 | 7.9% | +148.5% |
| 2018 | 4.2% | -46.6% |
| 2019 | 1.8% | -56.4% |
| 2020 | -2.3% | -227.8% |
| 2021 | 11.2% | -576.7% |
| 2022 | 5.5% | -51.0% |
| 2023 | -7.1% | -229.3% |
| 2024 | -3.5% | -51.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.8% | -32.5% | 31.1% | 9 |
| 1980s | 4.2% | -7.6% | 20.6% | 10 |
| 1990s | 4.1% | -15.6% | 19.9% | 10 |
| 2000s | 2.7% | -13.0% | 14.4% | 10 |
| 2010s | 5.4% | 1.8% | 8.7% | 10 |
| 2020s | 0.8% | -7.1% | 11.2% | 5 |
Countries ranked near New Zealand
More economy & growth data for New Zealand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.71 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.37 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 8.2 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.4082 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 20,179 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 3.35 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.204 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 10,085 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate -4.05 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2337 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation in New Zealand?
- Gross capital formation in New Zealand was -3.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in New Zealand?
- The highest recorded value was 31.1% in 1973.
- What is the lowest gross capital formation recorded in New Zealand?
- The lowest recorded value was -32.5% in 1975.
- How does New Zealand rank for gross capital formation?
- New Zealand ranks 138th out of 169 countries with data for 2024.
- Is gross capital formation rising or falling in New Zealand?
- Over the last ten years it is down 140.0%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.