Gross fixed capital formation in New Zealand
New Zealand: Gross fixed capital formation was 23.4% in 2024. ▼ Falling
Gross fixed capital formation in New Zealand, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
New Zealand recorded 23.4% for gross fixed capital formation in 2024.
Compared with earlier readings it is down 5.9% on the previous year and up 3.4% over ten years.
Over the whole period, gross fixed capital formation in New Zealand peaked at 30.2% in 1975 and was at its lowest, 17.7%, in 1991.
New Zealand ranks 78th of 181 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross fixed capital formation in New Zealand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 23.4% | — |
| 1971 | 23.0% | -1.6% |
| 1972 | 24.9% | +8.4% |
| 1973 | 24.9% | -0.3% |
| 1974 | 27.8% | +11.9% |
| 1975 | 30.2% | +8.5% |
| 1976 | 26.9% | -10.9% |
| 1977 | 24.4% | -9.3% |
| 1978 | 23.6% | -3.4% |
| 1979 | 21.4% | -9.2% |
| 1980 | 21.7% | +1.3% |
| 1981 | 24.7% | +14.0% |
| 1982 | 25.7% | +4.2% |
| 1983 | 25.8% | +0.4% |
| 1984 | 26.4% | +2.0% |
| 1985 | 27.3% | +3.8% |
| 1986 | 24.1% | -11.9% |
| 1987 | 23.3% | -3.4% |
| 1988 | 21.3% | -8.6% |
| 1989 | 21.6% | +1.8% |
| 1990 | 20.7% | -4.4% |
| 1991 | 17.7% | -14.6% |
| 1992 | 17.9% | +1.2% |
| 1993 | 19.5% | +9.3% |
| 1994 | 21.3% | +9.0% |
| 1995 | 22.4% | +5.3% |
| 1996 | 22.3% | -0.4% |
| 1997 | 22.1% | -0.9% |
| 1998 | 20.6% | -7.2% |
| 1999 | 21.9% | +6.4% |
| 2000 | 20.9% | -4.7% |
| 2001 | 21.5% | +3.1% |
| 2002 | 21.9% | +2.1% |
| 2003 | 23.3% | +6.0% |
| 2004 | 24.2% | +4.1% |
| 2005 | 24.7% | +2.2% |
| 2006 | 23.9% | -3.4% |
| 2007 | 23.9% | -0.0% |
| 2008 | 22.9% | -4.3% |
| 2009 | 20.4% | -11.0% |
| 2010 | 20.0% | -2.0% |
| 2011 | 20.1% | +0.6% |
| 2012 | 21.0% | +4.4% |
| 2013 | 21.4% | +2.3% |
| 2014 | 22.6% | +5.5% |
| 2015 | 23.0% | +1.7% |
| 2016 | 22.7% | -1.1% |
| 2017 | 23.1% | +1.6% |
| 2018 | 23.7% | +2.5% |
| 2019 | 23.7% | -0.1% |
| 2020 | 23.4% | -1.2% |
| 2021 | 24.7% | +5.8% |
| 2022 | 25.5% | +3.3% |
| 2023 | 24.8% | -2.7% |
| 2024 | 23.4% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.1% | 21.4% | 30.2% | 10 |
| 1980s | 24.2% | 21.3% | 27.3% | 10 |
| 1990s | 20.6% | 17.7% | 22.4% | 10 |
| 2000s | 22.8% | 20.4% | 24.7% | 10 |
| 2010s | 22.1% | 20.0% | 23.7% | 10 |
| 2020s | 24.4% | 23.4% | 25.5% | 5 |
Countries ranked near New Zealand
- 75 North Macedonia 23.5% compare
- 76 Latvia 23.5% compare
- 77 Norway 23.4% compare
- 79 Honduras 23.3% compare
- 80 Sierra Leone 23.2% compare
- 81 Russian Federation 23.1% 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)
- 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 fixed capital formation in New Zealand?
- Gross fixed capital formation in New Zealand was 23.4% 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 30.2% in 1975.
- What is the lowest gross fixed capital formation recorded in New Zealand?
- The lowest recorded value was 17.7% in 1991.
- How does New Zealand rank for gross fixed capital formation?
- New Zealand ranks 78th 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 3.4%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.