Gross Fixed Capital Formation in New Zealand decreased to 16080 NZD Million in the fourth quarter of 2019 from 16091 NZD Million in the third quarter of 2019.
Gross Fixed Capital Formation in New Zealand averaged 9171.22 NZD Million from 1987 until 2019, reaching an all time high of 16149 NZD Million in the first quarter of 2019 and a record low of 4056 NZD Million in the second quarter of 1991. This page provides the latest reported value for - New Zealand Gross Fixed Capital Formation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Gross Fixed Capital Formation - values, historical data and charts - was last updated on June of 2020. source: Statistics New Zealand
Gross Fixed Capital Formation in New Zealand is expected to be 15226.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gross Fixed Capital Formation in New Zealand to stand at 15437.00 in 12 months time. In the long-term, the New Zealand Gross Fixed Capital Formation is projected to trend around 15725.00 NZD Million in 2021 and 16165.00 NZD Million in 2022, according to our econometric models.