New Zealand Investment (gross fixed)

Investment (gross fixed): 22% of GDP (2006 est.)

Definition: This entry records total business spending on fixed assets, such as factories, machinery, equipment, dwellings, and inventories of raw materials, which provide the basis for future production. It is measured gross of depreciation of the assets, i.e., it includes investment that merely replaces worn-out or scrapped capital.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of April 17, 2007