Gross fixed capital formation in New Zealand
New Zealand: Gross fixed capital formation was -4.9% in 2024. ◆ Volatile
Gross fixed capital formation in New Zealand, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, gross fixed capital formation in New Zealand stood at -4.9%.
That represents a change of down 363.8% on the previous year and down 160.0% over ten years.
Over the whole period, gross fixed capital formation in New Zealand peaked at 18.5% in 1981 and was at its lowest, -14.3%, in 1991.
That places New Zealand 153rd out of 167 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 fixed capital formation in New Zealand, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 13.8% | — |
| 1972 | 16.4% | +19.1% |
| 1973 | 9.0% | -45.2% |
| 1974 | 8.6% | -4.2% |
| 1975 | -3.9% | -144.8% |
| 1976 | -5.9% | +53.9% |
| 1977 | -11.7% | +96.8% |
| 1978 | -1.1% | -90.2% |
| 1979 | -7.5% | +555.9% |
| 1980 | 5.7% | -176.7% |
| 1981 | 18.5% | +223.2% |
| 1982 | 5.5% | -70.1% |
| 1983 | 10.1% | +82.2% |
| 1984 | 7.5% | -25.7% |
| 1985 | 8.7% | +16.0% |
| 1986 | -2.1% | -124.7% |
| 1987 | 5.5% | -355.1% |
| 1988 | -1.2% | -121.6% |
| 1989 | 4.6% | -491.1% |
| 1990 | -3.4% | -172.6% |
| 1991 | -14.3% | +326.2% |
| 1992 | 2.7% | -118.9% |
| 1993 | 17.2% | +535.6% |
| 1994 | 15.3% | -11.0% |
| 1995 | 9.7% | -36.8% |
| 1996 | 4.8% | -50.3% |
| 1997 | 1.8% | -61.9% |
| 1998 | -3.2% | -277.4% |
| 1999 | 10.5% | -422.8% |
| 2000 | -0.0% | -100.0% |
| 2001 | 8.5% | -360378.2% |
| 2002 | 7.9% | -6.8% |
| 2003 | 14.5% | +82.6% |
| 2004 | 8.0% | -44.5% |
| 2005 | 5.8% | -27.7% |
| 2006 | -1.6% | -126.9% |
| 2007 | 7.7% | -590.4% |
| 2008 | -6.2% | -180.1% |
| 2009 | -9.8% | +59.0% |
| 2010 | 3.7% | -137.7% |
| 2011 | 5.4% | +47.1% |
| 2012 | 5.9% | +8.9% |
| 2013 | 8.8% | +49.1% |
| 2014 | 8.2% | -6.5% |
| 2015 | 3.4% | -59.2% |
| 2016 | 2.6% | -22.7% |
| 2017 | 6.7% | +156.0% |
| 2018 | 5.2% | -21.4% |
| 2019 | 3.0% | -42.9% |
| 2020 | -1.2% | -141.1% |
| 2021 | 8.6% | -802.9% |
| 2022 | 3.7% | -56.5% |
| 2023 | -1.1% | -128.4% |
| 2024 | -4.9% | +363.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.0% | -11.7% | 16.4% | 9 |
| 1980s | 6.3% | -2.1% | 18.5% | 10 |
| 1990s | 4.1% | -14.3% | 17.2% | 10 |
| 2000s | 3.5% | -9.8% | 14.5% | 10 |
| 2010s | 5.3% | 2.6% | 8.8% | 10 |
| 2020s | 1.0% | -4.9% | 8.6% | 5 |
Countries ranked near New Zealand
- 150 Greenland -3.8% compare
- 151 Nepal -4.1% compare
- 152 San Marino -4.7% compare
- 154 Venezuela, Bolivarian Republic of -5.1% compare
- 155 Brunei Darussalam -6.0% compare
- 156 Egypt -6.2% 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 1.48 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2248 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 11,111 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 51.04 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 50.33 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -7.15 % change on previous year (2023)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0653 current LCU per US$ of GDP (2023)
- Agriculture, forestry, and fishing, value added (current LCU), per 3,218 current LCU per person (2023)
Frequently asked questions
- What is gross fixed capital formation in New Zealand?
- Gross fixed capital formation in New Zealand was -4.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in New Zealand?
- The highest recorded value was 18.5% in 1981.
- What is the lowest gross fixed capital formation recorded in New Zealand?
- The lowest recorded value was -14.3% in 1991.
- How does New Zealand rank for gross fixed capital formation?
- New Zealand ranks 153rd out of 167 countries with data for 2024.
- Is gross fixed capital formation rising or falling in New Zealand?
- Over the last ten years it is down 160.0%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.