Gross capital formation in New Zealand
New Zealand: Gross capital formation was 60.39 billion current US$ in 2024. ◆ Volatile
Latest (2024)
60.39 billion current US$
Change on year
down 2.2%
World rank
49th
of 187 countries
All-time high
66.00 billion current US$
in 2022
All-time low
1.58 billion current US$
in 1970
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 current US$.
Analysis
The most recent figure for gross capital formation in New Zealand is 60.39 billion current US$, measured in 2024.
Compared with earlier readings it is down 2.2% on the previous year and up 29.6% over ten years.
Over the whole period, gross capital formation in New Zealand peaked at 66.00 billion current US$ in 2022 and was at its lowest, 1.58 billion current US$, in 1970.
That places New Zealand 49th out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in New Zealand, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.58 billion current US$ | — |
| 1971 | 1.93 billion current US$ | +22.5% |
| 1972 | 2.29 billion current US$ | +18.3% |
| 1973 | 3.48 billion current US$ | +52.3% |
| 1974 | 4.88 billion current US$ | +40.1% |
| 1975 | 3.56 billion current US$ | -27.1% |
| 1976 | 3.72 billion current US$ | +4.4% |
| 1977 | 3.90 billion current US$ | +4.9% |
| 1978 | 4.11 billion current US$ | +5.3% |
| 1979 | 4.90 billion current US$ | +19.4% |
| 1980 | 5.00 billion current US$ | +2.0% |
| 1981 | 6.17 billion current US$ | +23.3% |
| 1982 | 6.40 billion current US$ | +3.7% |
| 1983 | 6.53 billion current US$ | +2.0% |
| 1984 | 6.29 billion current US$ | -3.7% |
| 1985 | 6.67 billion current US$ | +6.1% |
| 1986 | 7.68 billion current US$ | +15.2% |
| 1987 | 9.14 billion current US$ | +18.9% |
| 1988 | 9.53 billion current US$ | +4.3% |
| 1989 | 10.26 billion current US$ | +7.7% |
| 1990 | 9.31 billion current US$ | -9.3% |
| 1991 | 7.50 billion current US$ | -19.5% |
| 1992 | 7.77 billion current US$ | +3.7% |
| 1993 | 9.93 billion current US$ | +27.7% |
| 1994 | 12.49 billion current US$ | +25.8% |
| 1995 | 15.12 billion current US$ | +21.0% |
| 1996 | 16.23 billion current US$ | +7.4% |
| 1997 | 15.15 billion current US$ | -6.7% |
| 1998 | 11.70 billion current US$ | -22.8% |
| 1999 | 13.65 billion current US$ | +16.7% |
| 2000 | 11.60 billion current US$ | -15.1% |
| 2001 | 12.36 billion current US$ | +6.6% |
| 2002 | 15.16 billion current US$ | +22.6% |
| 2003 | 21.29 billion current US$ | +40.5% |
| 2004 | 26.27 billion current US$ | +23.4% |
| 2005 | 29.16 billion current US$ | +11.0% |
| 2006 | 26.50 billion current US$ | -9.1% |
| 2007 | 33.99 billion current US$ | +28.3% |
| 2008 | 30.56 billion current US$ | -10.1% |
| 2009 | 24.24 billion current US$ | -20.7% |
| 2010 | 29.93 billion current US$ | +23.5% |
| 2011 | 34.82 billion current US$ | +16.3% |
| 2012 | 37.62 billion current US$ | +8.1% |
| 2013 | 42.45 billion current US$ | +12.8% |
| 2014 | 46.60 billion current US$ | +9.8% |
| 2015 | 41.48 billion current US$ | -11.0% |
| 2016 | 44.01 billion current US$ | +6.1% |
| 2017 | 49.27 billion current US$ | +12.0% |
| 2018 | 51.16 billion current US$ | +3.8% |
| 2019 | 50.97 billion current US$ | -0.4% |
| 2020 | 49.61 billion current US$ | -2.6% |
| 2021 | 64.02 billion current US$ | +29.0% |
| 2022 | 66.00 billion current US$ | +3.1% |
| 2023 | 61.75 billion current US$ | -6.4% |
| 2024 | 60.39 billion current US$ | -2.2% |
New Zealand compared with similar countries
- New Zealand's 60.39 billion current US$ is above the median for high income countries, which is 48.39 billion current US$, 1.2× the median. (67 countries reporting)
- New Zealand's 60.39 billion current US$ is above the median for East Asia & Pacific, which is 6.38 billion current US$, 9.5× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.44 billion current US$ | 1.58 billion current US$ | 4.90 billion current US$ | 10 |
| 1980s | 7.37 billion current US$ | 5.00 billion current US$ | 10.26 billion current US$ | 10 |
| 1990s | 11.89 billion current US$ | 7.50 billion current US$ | 16.23 billion current US$ | 10 |
| 2000s | 23.11 billion current US$ | 11.60 billion current US$ | 33.99 billion current US$ | 10 |
| 2010s | 42.83 billion current US$ | 29.93 billion current US$ | 51.16 billion current US$ | 10 |
| 2020s | 60.35 billion current US$ | 49.61 billion current US$ | 66.00 billion current US$ | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 23.86 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.48 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.61 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 104.98 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0137 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 677.46 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 27.59 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in New Zealand?
- Gross capital formation in New Zealand was 60.39 billion current US$ 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 66.00 billion current US$ in 2022.
- What is the lowest gross capital formation recorded in New Zealand?
- The lowest recorded value was 1.58 billion current US$ in 1970.
- How does New Zealand rank for gross capital formation?
- New Zealand ranks 49th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in New Zealand?
- Over the last ten years it is up 29.6%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.