Gross fixed capital formation in New Zealand
New Zealand: Gross fixed capital formation was 50.87 billion constant 2015 US$ in 2024. ◆ Volatile
Latest (2024)
50.87 billion constant 2015 US$
Change on year
down 4.9%
World rank
46th
of 160 countries
All-time high
54.09 billion constant 2015 US$
in 2022
All-time low
7.07 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross fixed capital formation in New Zealand is 50.87 billion constant 2015 US$, measured in 2024.
The figure is down 4.9% on the previous year and up 28.3% over ten years.
Over the whole period, gross fixed capital formation in New Zealand peaked at 54.09 billion constant 2015 US$ in 2022 and was at its lowest, 7.07 billion constant 2015 US$, in 1970.
New Zealand ranks 46th of 160 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in New Zealand, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 7.07 billion constant 2015 US$ | — |
| 1971 | 8.04 billion constant 2015 US$ | +13.8% |
| 1972 | 9.36 billion constant 2015 US$ | +16.4% |
| 1973 | 10.21 billion constant 2015 US$ | +9.0% |
| 1974 | 11.08 billion constant 2015 US$ | +8.6% |
| 1975 | 10.66 billion constant 2015 US$ | -3.9% |
| 1976 | 10.02 billion constant 2015 US$ | -5.9% |
| 1977 | 8.86 billion constant 2015 US$ | -11.7% |
| 1978 | 8.75 billion constant 2015 US$ | -1.1% |
| 1979 | 8.10 billion constant 2015 US$ | -7.5% |
| 1980 | 8.56 billion constant 2015 US$ | +5.7% |
| 1981 | 10.15 billion constant 2015 US$ | +18.5% |
| 1982 | 10.71 billion constant 2015 US$ | +5.5% |
| 1983 | 11.79 billion constant 2015 US$ | +10.1% |
| 1984 | 12.67 billion constant 2015 US$ | +7.5% |
| 1985 | 13.76 billion constant 2015 US$ | +8.7% |
| 1986 | 13.47 billion constant 2015 US$ | -2.1% |
| 1987 | 14.21 billion constant 2015 US$ | +5.5% |
| 1988 | 14.04 billion constant 2015 US$ | -1.2% |
| 1989 | 14.69 billion constant 2015 US$ | +4.6% |
| 1990 | 14.19 billion constant 2015 US$ | -3.4% |
| 1991 | 12.17 billion constant 2015 US$ | -14.3% |
| 1992 | 12.49 billion constant 2015 US$ | +2.7% |
| 1993 | 14.64 billion constant 2015 US$ | +17.2% |
| 1994 | 16.88 billion constant 2015 US$ | +15.3% |
| 1995 | 18.51 billion constant 2015 US$ | +9.7% |
| 1996 | 19.40 billion constant 2015 US$ | +4.8% |
| 1997 | 19.76 billion constant 2015 US$ | +1.8% |
| 1998 | 19.11 billion constant 2015 US$ | -3.2% |
| 1999 | 21.12 billion constant 2015 US$ | +10.5% |
| 2000 | 21.12 billion constant 2015 US$ | -0.0% |
| 2001 | 22.92 billion constant 2015 US$ | +8.5% |
| 2002 | 24.73 billion constant 2015 US$ | +7.9% |
| 2003 | 28.32 billion constant 2015 US$ | +14.5% |
| 2004 | 30.60 billion constant 2015 US$ | +8.1% |
| 2005 | 32.38 billion constant 2015 US$ | +5.8% |
| 2006 | 31.88 billion constant 2015 US$ | -1.6% |
| 2007 | 34.32 billion constant 2015 US$ | +7.7% |
| 2008 | 32.21 billion constant 2015 US$ | -6.2% |
| 2009 | 29.06 billion constant 2015 US$ | -9.8% |
| 2010 | 30.13 billion constant 2015 US$ | +3.7% |
| 2011 | 31.77 billion constant 2015 US$ | +5.4% |
| 2012 | 33.65 billion constant 2015 US$ | +5.9% |
| 2013 | 36.62 billion constant 2015 US$ | +8.8% |
| 2014 | 39.64 billion constant 2015 US$ | +8.2% |
| 2015 | 40.97 billion constant 2015 US$ | +3.4% |
| 2016 | 42.04 billion constant 2015 US$ | +2.6% |
| 2017 | 44.84 billion constant 2015 US$ | +6.7% |
| 2018 | 47.18 billion constant 2015 US$ | +5.2% |
| 2019 | 48.59 billion constant 2015 US$ | +3.0% |
| 2020 | 47.99 billion constant 2015 US$ | -1.2% |
| 2021 | 52.13 billion constant 2015 US$ | +8.6% |
| 2022 | 54.09 billion constant 2015 US$ | +3.7% |
| 2023 | 53.51 billion constant 2015 US$ | -1.1% |
| 2024 | 50.87 billion constant 2015 US$ | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.22 billion constant 2015 US$ | 7.07 billion constant 2015 US$ | 11.08 billion constant 2015 US$ | 10 |
| 1980s | 12.40 billion constant 2015 US$ | 8.56 billion constant 2015 US$ | 14.69 billion constant 2015 US$ | 10 |
| 1990s | 16.83 billion constant 2015 US$ | 12.17 billion constant 2015 US$ | 21.12 billion constant 2015 US$ | 10 |
| 2000s | 28.75 billion constant 2015 US$ | 21.12 billion constant 2015 US$ | 34.32 billion constant 2015 US$ | 10 |
| 2010s | 39.54 billion constant 2015 US$ | 30.13 billion constant 2015 US$ | 48.59 billion constant 2015 US$ | 10 |
| 2020s | 51.72 billion constant 2015 US$ | 47.99 billion constant 2015 US$ | 54.09 billion constant 2015 US$ | 5 |
Countries ranked near New Zealand
- 43 Colombia 61.95 billion constant 2015 US$ compare
- 44 Peru 56.10 billion constant 2015 US$ compare
- 45 Finland 53.77 billion constant 2015 US$ compare
- 47 South Africa 50.71 billion constant 2015 US$ compare
- 48 Portugal 49.82 billion constant 2015 US$ compare
- 49 Pakistan 46.37 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)
- GDP (constant 2015 US$), annual growth rate 0.4628 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8335 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 41,336 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 0.4627 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1.36 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 67,519 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 4.38 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.2198 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross fixed capital formation in New Zealand?
- Gross fixed capital formation in New Zealand was 50.87 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in New Zealand?
- The highest recorded value was 54.09 billion constant 2015 US$ in 2022.
- What is the lowest gross fixed capital formation recorded in New Zealand?
- The lowest recorded value was 7.07 billion constant 2015 US$ in 1970.
- How does New Zealand rank for gross fixed capital formation?
- New Zealand ranks 46th out of 160 countries with data for 2024.
- Is gross fixed capital formation rising or falling in New Zealand?
- Over the last ten years it is up 28.3%. 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 fixed capital formation (constant 2015 US$). 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 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.