Gross fixed capital formation (current US$) in New Zealand
New Zealand: Gross fixed capital formation (current US$) was 61.12 billion current US$ in 2024. ◆ Volatile
Latest (2024)
61.12 billion current US$
Change on year
down 4.1%
World rank
48th
of 181 countries
All-time high
63.78 billion current US$
in 2022
All-time low
1.52 billion current US$
in 1970
Years of data
55
1970–2024
Gross fixed capital formation in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross fixed capital formation in New Zealand stood at 61.12 billion current US$.
That represents a change of down 4.1% on the previous year and up 34.2% over ten years.
Over the whole period, gross fixed capital formation in New Zealand peaked at 63.78 billion current US$ in 2022 and was at its lowest, 1.52 billion current US$, in 1970.
That places New Zealand 48th out of 181 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in New Zealand, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.52 billion current US$ | — |
| 1971 | 1.82 billion current US$ | +19.8% |
| 1972 | 2.39 billion current US$ | +31.1% |
| 1973 | 3.18 billion current US$ | +33.4% |
| 1974 | 3.88 billion current US$ | +21.8% |
| 1975 | 3.88 billion current US$ | +0.1% |
| 1976 | 3.66 billion current US$ | -5.8% |
| 1977 | 3.77 billion current US$ | +3.0% |
| 1978 | 4.37 billion current US$ | +15.8% |
| 1979 | 4.43 billion current US$ | +1.6% |
| 1980 | 5.04 billion current US$ | +13.6% |
| 1981 | 6.03 billion current US$ | +19.8% |
| 1982 | 6.22 billion current US$ | +3.1% |
| 1983 | 6.28 billion current US$ | +1.0% |
| 1984 | 5.71 billion current US$ | -9.1% |
| 1985 | 6.75 billion current US$ | +18.2% |
| 1986 | 7.37 billion current US$ | +9.2% |
| 1987 | 9.39 billion current US$ | +27.4% |
| 1988 | 9.60 billion current US$ | +2.2% |
| 1989 | 9.50 billion current US$ | -1.0% |
| 1990 | 9.41 billion current US$ | -1.0% |
| 1991 | 7.55 billion current US$ | -19.7% |
| 1992 | 7.44 billion current US$ | -1.4% |
| 1993 | 9.14 billion current US$ | +22.8% |
| 1994 | 11.78 billion current US$ | +28.9% |
| 1995 | 14.33 billion current US$ | +21.7% |
| 1996 | 15.67 billion current US$ | +9.3% |
| 1997 | 14.64 billion current US$ | -6.6% |
| 1998 | 11.56 billion current US$ | -21.0% |
| 1999 | 12.85 billion current US$ | +11.2% |
| 2000 | 10.97 billion current US$ | -14.6% |
| 2001 | 11.58 billion current US$ | +5.5% |
| 2002 | 14.62 billion current US$ | +26.3% |
| 2003 | 20.52 billion current US$ | +40.4% |
| 2004 | 25.16 billion current US$ | +22.6% |
| 2005 | 28.39 billion current US$ | +12.8% |
| 2006 | 26.67 billion current US$ | -6.0% |
| 2007 | 32.81 billion current US$ | +23.0% |
| 2008 | 30.53 billion current US$ | -6.9% |
| 2009 | 24.77 billion current US$ | -18.8% |
| 2010 | 29.31 billion current US$ | +18.3% |
| 2011 | 33.82 billion current US$ | +15.4% |
| 2012 | 36.98 billion current US$ | +9.4% |
| 2013 | 40.94 billion current US$ | +10.7% |
| 2014 | 45.55 billion current US$ | +11.3% |
| 2015 | 40.97 billion current US$ | -10.1% |
| 2016 | 42.98 billion current US$ | +4.9% |
| 2017 | 47.75 billion current US$ | +11.1% |
| 2018 | 50.15 billion current US$ | +5.0% |
| 2019 | 50.45 billion current US$ | +0.6% |
| 2020 | 49.87 billion current US$ | -1.1% |
| 2021 | 62.75 billion current US$ | +25.8% |
| 2022 | 63.78 billion current US$ | +1.6% |
| 2023 | 63.70 billion current US$ | -0.1% |
| 2024 | 61.12 billion current US$ | -4.1% |
New Zealand compared with similar countries
- New Zealand's 61.12 billion current US$ is above the median for high income countries, which is 50.73 billion current US$, 1.2× the median. (64 countries reporting)
- New Zealand's 61.12 billion current US$ is above the median for East Asia & Pacific, which is 6.21 billion current US$, 9.8× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.29 billion current US$ | 1.52 billion current US$ | 4.43 billion current US$ | 10 |
| 1980s | 7.19 billion current US$ | 5.04 billion current US$ | 9.60 billion current US$ | 10 |
| 1990s | 11.44 billion current US$ | 7.44 billion current US$ | 15.67 billion current US$ | 10 |
| 2000s | 22.60 billion current US$ | 10.97 billion current US$ | 32.81 billion current US$ | 10 |
| 2010s | 41.89 billion current US$ | 29.31 billion current US$ | 50.45 billion current US$ | 10 |
| 2020s | 60.25 billion current US$ | 49.87 billion current US$ | 63.78 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)
- 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 61.12 billion current US$ 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 63.78 billion current US$ in 2022.
- What is the lowest gross fixed capital formation recorded in New Zealand?
- The lowest recorded value was 1.52 billion current US$ in 1970.
- How does New Zealand rank for gross fixed capital formation?
- New Zealand ranks 48th 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 34.2%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.