Gross capital formation (constant 2015 US$) in New Zealand
New Zealand: Gross capital formation (constant 2015 US$) was 50.31 billion constant 2015 US$ in 2024. ◆ Volatile
Latest (2024)
50.31 billion constant 2015 US$
Change on year
down 3.5%
World rank
46th
of 163 countries
All-time high
56.08 billion constant 2015 US$
in 2022
All-time low
9.86 billion constant 2015 US$
in 1978
Years of data
55
1970–2024
Gross capital formation in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
New Zealand recorded 50.31 billion constant 2015 US$ for gross capital formation in 2024.
The figure is down 3.5% on the previous year and up 23.5% over ten years.
Over the whole period, gross capital formation in New Zealand peaked at 56.08 billion constant 2015 US$ in 2022 and was at its lowest, 9.86 billion constant 2015 US$, in 1978.
That places New Zealand 46th out of 163 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (constant 2015 US$) in New Zealand, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 10.15 billion constant 2015 US$ | — |
| 1971 | 10.89 billion constant 2015 US$ | +7.2% |
| 1972 | 11.43 billion constant 2015 US$ | +5.0% |
| 1973 | 14.99 billion constant 2015 US$ | +31.1% |
| 1974 | 18.44 billion constant 2015 US$ | +23.0% |
| 1975 | 12.45 billion constant 2015 US$ | -32.5% |
| 1976 | 13.06 billion constant 2015 US$ | +4.9% |
| 1977 | 11.57 billion constant 2015 US$ | -11.4% |
| 1978 | 9.86 billion constant 2015 US$ | -14.8% |
| 1979 | 11.13 billion constant 2015 US$ | +12.9% |
| 1980 | 10.28 billion constant 2015 US$ | -7.6% |
| 1981 | 12.41 billion constant 2015 US$ | +20.6% |
| 1982 | 13.32 billion constant 2015 US$ | +7.4% |
| 1983 | 14.05 billion constant 2015 US$ | +5.5% |
| 1984 | 15.86 billion constant 2015 US$ | +12.9% |
| 1985 | 15.20 billion constant 2015 US$ | -4.1% |
| 1986 | 14.86 billion constant 2015 US$ | -2.2% |
| 1987 | 14.20 billion constant 2015 US$ | -4.4% |
| 1988 | 14.20 billion constant 2015 US$ | +0.0% |
| 1989 | 16.19 billion constant 2015 US$ | +14.0% |
| 1990 | 14.85 billion constant 2015 US$ | -8.3% |
| 1991 | 12.53 billion constant 2015 US$ | -15.6% |
| 1992 | 13.58 billion constant 2015 US$ | +8.4% |
| 1993 | 16.28 billion constant 2015 US$ | +19.9% |
| 1994 | 18.49 billion constant 2015 US$ | +13.6% |
| 1995 | 20.04 billion constant 2015 US$ | +8.4% |
| 1996 | 20.66 billion constant 2015 US$ | +3.1% |
| 1997 | 20.91 billion constant 2015 US$ | +1.2% |
| 1998 | 19.96 billion constant 2015 US$ | -4.5% |
| 1999 | 23.03 billion constant 2015 US$ | +15.4% |
| 2000 | 22.76 billion constant 2015 US$ | -1.1% |
| 2001 | 24.68 billion constant 2015 US$ | +8.4% |
| 2002 | 26.43 billion constant 2015 US$ | +7.1% |
| 2003 | 30.23 billion constant 2015 US$ | +14.4% |
| 2004 | 32.93 billion constant 2015 US$ | +9.0% |
| 2005 | 34.30 billion constant 2015 US$ | +4.1% |
| 2006 | 32.50 billion constant 2015 US$ | -5.2% |
| 2007 | 36.21 billion constant 2015 US$ | +11.4% |
| 2008 | 33.49 billion constant 2015 US$ | -7.5% |
| 2009 | 29.13 billion constant 2015 US$ | -13.0% |
| 2010 | 31.26 billion constant 2015 US$ | +7.3% |
| 2011 | 33.58 billion constant 2015 US$ | +7.4% |
| 2012 | 34.98 billion constant 2015 US$ | +4.2% |
| 2013 | 37.49 billion constant 2015 US$ | +7.2% |
| 2014 | 40.74 billion constant 2015 US$ | +8.7% |
| 2015 | 41.48 billion constant 2015 US$ | +1.8% |
| 2016 | 42.79 billion constant 2015 US$ | +3.2% |
| 2017 | 46.16 billion constant 2015 US$ | +7.9% |
| 2018 | 48.10 billion constant 2015 US$ | +4.2% |
| 2019 | 48.98 billion constant 2015 US$ | +1.8% |
| 2020 | 47.83 billion constant 2015 US$ | -2.3% |
| 2021 | 53.17 billion constant 2015 US$ | +11.2% |
| 2022 | 56.08 billion constant 2015 US$ | +5.5% |
| 2023 | 52.11 billion constant 2015 US$ | -7.1% |
| 2024 | 50.31 billion constant 2015 US$ | -3.5% |
New Zealand compared with similar countries
- New Zealand's 50.31 billion constant 2015 US$ is above the median for high income countries, which is 50.23 billion constant 2015 US$, 1.0× the median. (58 countries reporting)
- New Zealand's 50.31 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 6.48 billion constant 2015 US$, 7.8× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.40 billion constant 2015 US$ | 9.86 billion constant 2015 US$ | 18.44 billion constant 2015 US$ | 10 |
| 1980s | 14.06 billion constant 2015 US$ | 10.28 billion constant 2015 US$ | 16.19 billion constant 2015 US$ | 10 |
| 1990s | 18.03 billion constant 2015 US$ | 12.53 billion constant 2015 US$ | 23.03 billion constant 2015 US$ | 10 |
| 2000s | 30.27 billion constant 2015 US$ | 22.76 billion constant 2015 US$ | 36.21 billion constant 2015 US$ | 10 |
| 2010s | 40.56 billion constant 2015 US$ | 31.26 billion constant 2015 US$ | 48.98 billion constant 2015 US$ | 10 |
| 2020s | 51.90 billion constant 2015 US$ | 47.83 billion constant 2015 US$ | 56.08 billion constant 2015 US$ | 5 |
Countries ranked near New Zealand
- 43 Pakistan 53.68 billion constant 2015 US$ compare
- 44 Finland 53.08 billion constant 2015 US$ compare
- 45 South Africa 51.11 billion constant 2015 US$ compare
- 47 Portugal 50.15 billion constant 2015 US$ compare
- 48 Morocco 49.02 billion constant 2015 US$ compare
- 49 Egypt 44.09 billion constant 2015 US$ compare
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)
- SDRs holdings, US dollar, annual growth rate 4.11 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 552.02 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8628 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 403.08 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.49 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in New Zealand?
- Gross capital formation in New Zealand was 50.31 billion constant 2015 US$ 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 56.08 billion constant 2015 US$ in 2022.
- What is the lowest gross capital formation recorded in New Zealand?
- The lowest recorded value was 9.86 billion constant 2015 US$ in 1978.
- How does New Zealand rank for gross capital formation?
- New Zealand ranks 46th out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in New Zealand?
- Over the last ten years it is up 23.5%. 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.