Gross capital formation in New Zealand
New Zealand: Gross capital formation was 80.47 billion constant LCU in 2024. ◆ Volatile
Latest (2024)
80.47 billion constant LCU
Change on year
down 3.5%
World rank
98th
of 169 countries
All-time high
89.70 billion constant LCU
in 2022
All-time low
15.76 billion constant LCU
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 LCU.
Analysis
New Zealand recorded 80.47 billion constant LCU for gross capital formation in 2024.
Compared with earlier readings it 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 89.70 billion constant LCU in 2022 and was at its lowest, 15.76 billion constant LCU, in 1978.
That places New Zealand 98th out of 169 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 in New Zealand, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 16.24 billion constant LCU | — |
| 1971 | 17.41 billion constant LCU | +7.2% |
| 1972 | 18.28 billion constant LCU | +5.0% |
| 1973 | 23.98 billion constant LCU | +31.1% |
| 1974 | 29.50 billion constant LCU | +23.0% |
| 1975 | 19.91 billion constant LCU | -32.5% |
| 1976 | 20.90 billion constant LCU | +4.9% |
| 1977 | 18.51 billion constant LCU | -11.4% |
| 1978 | 15.76 billion constant LCU | -14.8% |
| 1979 | 17.80 billion constant LCU | +12.9% |
| 1980 | 16.45 billion constant LCU | -7.6% |
| 1981 | 19.84 billion constant LCU | +20.6% |
| 1982 | 21.31 billion constant LCU | +7.4% |
| 1983 | 22.48 billion constant LCU | +5.5% |
| 1984 | 25.37 billion constant LCU | +12.9% |
| 1985 | 24.32 billion constant LCU | -4.1% |
| 1986 | 23.78 billion constant LCU | -2.2% |
| 1987 | 22.72 billion constant LCU | -4.4% |
| 1988 | 22.72 billion constant LCU | +0.0% |
| 1989 | 25.90 billion constant LCU | +14.0% |
| 1990 | 23.75 billion constant LCU | -8.3% |
| 1991 | 20.05 billion constant LCU | -15.6% |
| 1992 | 21.73 billion constant LCU | +8.4% |
| 1993 | 26.05 billion constant LCU | +19.9% |
| 1994 | 29.58 billion constant LCU | +13.6% |
| 1995 | 32.06 billion constant LCU | +8.4% |
| 1996 | 33.05 billion constant LCU | +3.1% |
| 1997 | 33.44 billion constant LCU | +1.2% |
| 1998 | 31.92 billion constant LCU | -4.5% |
| 1999 | 36.83 billion constant LCU | +15.4% |
| 2000 | 36.41 billion constant LCU | -1.1% |
| 2001 | 39.47 billion constant LCU | +8.4% |
| 2002 | 42.28 billion constant LCU | +7.1% |
| 2003 | 48.35 billion constant LCU | +14.4% |
| 2004 | 52.68 billion constant LCU | +9.0% |
| 2005 | 54.86 billion constant LCU | +4.1% |
| 2006 | 51.99 billion constant LCU | -5.2% |
| 2007 | 57.92 billion constant LCU | +11.4% |
| 2008 | 53.57 billion constant LCU | -7.5% |
| 2009 | 46.59 billion constant LCU | -13.0% |
| 2010 | 50.00 billion constant LCU | +7.3% |
| 2011 | 53.72 billion constant LCU | +7.4% |
| 2012 | 55.96 billion constant LCU | +4.2% |
| 2013 | 59.97 billion constant LCU | +7.2% |
| 2014 | 65.17 billion constant LCU | +8.7% |
| 2015 | 66.35 billion constant LCU | +1.8% |
| 2016 | 68.45 billion constant LCU | +3.2% |
| 2017 | 73.83 billion constant LCU | +7.9% |
| 2018 | 76.93 billion constant LCU | +4.2% |
| 2019 | 78.34 billion constant LCU | +1.8% |
| 2020 | 76.51 billion constant LCU | -2.3% |
| 2021 | 85.05 billion constant LCU | +11.2% |
| 2022 | 89.70 billion constant LCU | +5.5% |
| 2023 | 83.36 billion constant LCU | -7.1% |
| 2024 | 80.47 billion constant LCU | -3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.83 billion constant LCU | 15.76 billion constant LCU | 29.50 billion constant LCU | 10 |
| 1980s | 22.49 billion constant LCU | 16.45 billion constant LCU | 25.90 billion constant LCU | 10 |
| 1990s | 28.85 billion constant LCU | 20.05 billion constant LCU | 36.83 billion constant LCU | 10 |
| 2000s | 48.41 billion constant LCU | 36.41 billion constant LCU | 57.92 billion constant LCU | 10 |
| 2010s | 64.87 billion constant LCU | 50.00 billion constant LCU | 78.34 billion constant LCU | 10 |
| 2020s | 83.02 billion constant LCU | 76.51 billion constant LCU | 89.70 billion constant LCU | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 2.74 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9168 current US$ per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current US$), per capita 45,199 current US$ per person (2023)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.08 % change on previous year (2023)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.49 current LCU per US$ of GDP (2023)
- Gross value added at basic prices (GVA) (current LCU), per capita 73,604 current LCU per person (2023)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -0.7477 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.768 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation in New Zealand?
- Gross capital formation in New Zealand was 80.47 billion constant LCU 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 89.70 billion constant LCU in 2022.
- What is the lowest gross capital formation recorded in New Zealand?
- The lowest recorded value was 15.76 billion constant LCU in 1978.
- How does New Zealand rank for gross capital formation?
- New Zealand ranks 98th 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 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 LCU). 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 varies by country. This series is expressed in local currency units.