Gross capital formation reached 49,593 USD bil in 2017 in New Zealand, according to the National Statistical Office. This is 7.45 % more than in the previous year.
Historically, gross capital formation in New Zealand reached an all time high of 49,593 USD bil in 2017 and an all time low of 1,580 USD bil in 1970. When compared to New Zealand's main peers, gross capital formation in Australia amounted to 319,993 USD bil, 342,370 USD bil in Indonesia, 80,435 USD bil in Malaysia and 78,812 USD bil in Philippines in 2017.
New Zealand has been ranked 50th within the group of 158 countries we follow in terms of gross capital formation, 2 places above the position seen 10 years ago.
Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises) less disposals of fixed assets.