Gross Fixed Capital Formation — Value Standard Local Currency in New Zealand
New Zealand: Gross Fixed Capital Formation — Value Standard Local Currency was 108,078 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in New Zealand, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in New Zealand stood at 108,078 million SLC. That is the highest value across all 55 years on record.
That represents a change of up 6.9% on the previous year and up 98.2% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in New Zealand peaked at 108,078 million SLC in 2024 and was at its lowest, 1,357 million SLC, in 1970.
That places New Zealand 110th out of 202 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 — Value Standard Local Currency in New Zealand, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1,357 million SLC | — |
| 1971 | 1,578 million SLC | +16.3% |
| 1972 | 1,964 million SLC | +24.5% |
| 1973 | 2,289 million SLC | +16.5% |
| 1974 | 2,814 million SLC | +22.9% |
| 1975 | 3,439 million SLC | +22.2% |
| 1976 | 3,757 million SLC | +9.2% |
| 1977 | 3,817 million SLC | +1.6% |
| 1978 | 4,177 million SLC | +9.4% |
| 1979 | 4,426 million SLC | +6.0% |
| 1980 | 5,218 million SLC | +17.9% |
| 1981 | 7,245 million SLC | +38.8% |
| 1982 | 8,537 million SLC | +17.8% |
| 1983 | 9,557 million SLC | +11.9% |
| 1984 | 11,014 million SLC | +15.2% |
| 1985 | 13,196 million SLC | +19.8% |
| 1986 | 13,963 million SLC | +5.8% |
| 1987 | 15,175 million SLC | +8.7% |
| 1988 | 14,906 million SLC | -1.8% |
| 1989 | 16,055 million SLC | +7.7% |
| 1990 | 15,738 million SLC | -2.0% |
| 1991 | 13,416 million SLC | -14.8% |
| 1992 | 13,998 million SLC | +4.3% |
| 1993 | 16,519 million SLC | +18.0% |
| 1994 | 19,293 million SLC | +16.8% |
| 1995 | 21,581 million SLC | +11.9% |
| 1996 | 22,591 million SLC | +4.7% |
| 1997 | 23,216 million SLC | +2.8% |
| 1998 | 21,962 million SLC | -5.4% |
| 1999 | 24,769 million SLC | +12.8% |
| 2000 | 24,987 million SLC | +0.9% |
| 2001 | 27,656 million SLC | +10.7% |
| 2002 | 29,655 million SLC | +7.2% |
| 2003 | 33,607 million SLC | +13.3% |
| 2004 | 37,431 million SLC | +11.4% |
| 2005 | 40,320 million SLC | +7.7% |
| 2006 | 41,132 million SLC | +2.0% |
| 2007 | 44,639 million SLC | +8.5% |
| 2008 | 42,996 million SLC | -3.7% |
| 2009 | 39,198 million SLC | -8.8% |
| 2010 | 40,162 million SLC | +2.5% |
| 2011 | 42,531 million SLC | +5.9% |
| 2012 | 45,145 million SLC | +6.1% |
| 2013 | 49,689 million SLC | +10.1% |
| 2014 | 54,540 million SLC | +9.8% |
| 2015 | 58,383 million SLC | +7.0% |
| 2016 | 61,166 million SLC | +4.8% |
| 2017 | 66,586 million SLC | +8.9% |
| 2018 | 71,822 million SLC | +7.9% |
| 2019 | 75,718 million SLC | +5.4% |
| 2020 | 75,620 million SLC | -0.1% |
| 2021 | 88,496 million SLC | +17.0% |
| 2022 | 98,709 million SLC | +11.5% |
| 2023 | 101,089 million SLC | +2.4% |
| 2024 | 108,078 million SLC | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,962 million SLC | 1,357 million SLC | 4,426 million SLC | 10 |
| 1980s | 11,487 million SLC | 5,218 million SLC | 16,055 million SLC | 10 |
| 1990s | 19,308 million SLC | 13,416 million SLC | 24,769 million SLC | 10 |
| 2000s | 36,162 million SLC | 24,987 million SLC | 44,639 million SLC | 10 |
| 2010s | 56,574 million SLC | 40,162 million SLC | 75,718 million SLC | 10 |
| 2020s | 94,398 million SLC | 75,620 million SLC | 108,078 million SLC | 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)
- Industry (including construction), value added (constant 2015 US$) -4.66 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1554 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 7,681 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual -4.66 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.2426 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 11,994 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 3.93 % change on previous year (2023)
- Services, value added (current US$), per unit of GDP 0.6823 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in New Zealand?
- Gross fixed capital formation — value standard local currency in New Zealand was 108,078 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in New Zealand?
- The highest recorded value was 108,078 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in New Zealand?
- The lowest recorded value was 1,357 million SLC in 1970.
- How does New Zealand rank for gross fixed capital formation — value standard local currency?
- New Zealand ranks 110th out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in New Zealand?
- Over the last ten years it is up 98.2%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).