Gross fixed capital formation (current LCU) in New Zealand
New Zealand: Gross fixed capital formation (current LCU) was 100.99 billion current LCU in 2024. ◆ Volatile
Latest (2024)
100.99 billion current LCU
Change on year
down 2.6%
World rank
112th
of 181 countries
All-time high
103.73 billion current LCU
in 2023
All-time low
1.36 billion current LCU
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 current LCU.
Analysis
New Zealand recorded 100.99 billion current LCU for gross fixed capital formation in 2024.
Compared with earlier readings it is down 2.6% on the previous year and up 83.9% over ten years.
Over the whole period, gross fixed capital formation in New Zealand peaked at 103.73 billion current LCU in 2023 and was at its lowest, 1.36 billion current LCU, in 1970.
New Zealand ranks 112th of 181 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 (current LCU) in New Zealand, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 1.36 billion current LCU | — |
| 1971 | 1.58 billion current LCU | +16.3% |
| 1972 | 1.96 billion current LCU | +24.5% |
| 1973 | 2.29 billion current LCU | +16.5% |
| 1974 | 2.81 billion current LCU | +22.9% |
| 1975 | 3.44 billion current LCU | +22.2% |
| 1976 | 3.76 billion current LCU | +9.2% |
| 1977 | 3.82 billion current LCU | +1.6% |
| 1978 | 4.18 billion current LCU | +9.4% |
| 1979 | 4.43 billion current LCU | +6.0% |
| 1980 | 5.22 billion current LCU | +17.9% |
| 1981 | 7.25 billion current LCU | +38.8% |
| 1982 | 8.54 billion current LCU | +17.8% |
| 1983 | 9.56 billion current LCU | +11.9% |
| 1984 | 11.01 billion current LCU | +15.2% |
| 1985 | 13.20 billion current LCU | +19.8% |
| 1986 | 13.96 billion current LCU | +5.8% |
| 1987 | 15.18 billion current LCU | +8.7% |
| 1988 | 14.91 billion current LCU | -1.8% |
| 1989 | 16.05 billion current LCU | +7.7% |
| 1990 | 15.74 billion current LCU | -2.0% |
| 1991 | 13.42 billion current LCU | -14.8% |
| 1992 | 14.00 billion current LCU | +4.3% |
| 1993 | 16.52 billion current LCU | +18.0% |
| 1994 | 19.29 billion current LCU | +16.8% |
| 1995 | 21.58 billion current LCU | +11.9% |
| 1996 | 22.59 billion current LCU | +4.7% |
| 1997 | 23.22 billion current LCU | +2.8% |
| 1998 | 21.96 billion current LCU | -5.4% |
| 1999 | 24.77 billion current LCU | +12.8% |
| 2000 | 24.99 billion current LCU | +0.9% |
| 2001 | 27.66 billion current LCU | +10.7% |
| 2002 | 29.66 billion current LCU | +7.2% |
| 2003 | 33.61 billion current LCU | +13.3% |
| 2004 | 37.43 billion current LCU | +11.4% |
| 2005 | 40.32 billion current LCU | +7.7% |
| 2006 | 41.13 billion current LCU | +2.0% |
| 2007 | 44.64 billion current LCU | +8.5% |
| 2008 | 43.43 billion current LCU | -2.7% |
| 2009 | 39.66 billion current LCU | -8.7% |
| 2010 | 40.67 billion current LCU | +2.6% |
| 2011 | 42.80 billion current LCU | +5.2% |
| 2012 | 45.65 billion current LCU | +6.6% |
| 2013 | 49.92 billion current LCU | +9.4% |
| 2014 | 54.91 billion current LCU | +10.0% |
| 2015 | 58.76 billion current LCU | +7.0% |
| 2016 | 61.75 billion current LCU | +5.1% |
| 2017 | 67.20 billion current LCU | +8.8% |
| 2018 | 72.48 billion current LCU | +7.9% |
| 2019 | 76.57 billion current LCU | +5.6% |
| 2020 | 76.91 billion current LCU | +0.4% |
| 2021 | 88.72 billion current LCU | +15.4% |
| 2022 | 100.60 billion current LCU | +13.4% |
| 2023 | 103.73 billion current LCU | +3.1% |
| 2024 | 100.99 billion current LCU | -2.6% |
New Zealand compared with similar countries
- New Zealand's 100.99 billion current LCU is below the median for high income countries, which is 147.41 billion current LCU, 69% of the median. (64 countries reporting)
- New Zealand's 100.99 billion current LCU is below the median for East Asia & Pacific, which is 174.36 billion current LCU, 58% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.96 billion current LCU | 1.36 billion current LCU | 4.43 billion current LCU | 10 |
| 1980s | 11.49 billion current LCU | 5.22 billion current LCU | 16.05 billion current LCU | 10 |
| 1990s | 19.31 billion current LCU | 13.42 billion current LCU | 24.77 billion current LCU | 10 |
| 2000s | 36.25 billion current LCU | 24.99 billion current LCU | 44.64 billion current LCU | 10 |
| 2010s | 57.07 billion current LCU | 40.67 billion current LCU | 76.57 billion current LCU | 10 |
| 2020s | 94.19 billion current LCU | 76.91 billion current LCU | 103.73 billion current 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)
- 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 fixed capital formation in New Zealand?
- Gross fixed capital formation in New Zealand was 100.99 billion current LCU 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 103.73 billion current LCU in 2023.
- What is the lowest gross fixed capital formation recorded in New Zealand?
- The lowest recorded value was 1.36 billion current LCU in 1970.
- How does New Zealand rank for gross fixed capital formation?
- New Zealand ranks 112th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in New Zealand?
- Over the last ten years it is up 83.9%. 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.