Papua New Guinea vs Solomon Islands: Gross fixed capital formation
Gross fixed capital formation over time
- Papua New Guinea
- Solomon Islands
How they compare
Solomon Islands currently reports 2.50 billion constant LCU against 1.71 billion constant LCU in Papua New Guinea, a difference of 785.73 million constant LCU.
That makes Solomon Islands's figure about 1.5 times Papua New Guinea's.
Across all 25 years both countries report, Papua New Guinea has been ahead every year.
Papua New Guinea ranks 154th and Solomon Islands ranks 151st of 168 countries.
Papua New Guinea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Papua New Guinea | Solomon Islands | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.32 billion constant LCU | 366.92 million constant LCU | 948.49 million constant LCU | Papua New Guinea |
| 1990s | 1.34 billion constant LCU | 682.14 million constant LCU | 656.43 million constant LCU | Papua New Guinea |
| 2000s | 1.79 billion constant LCU | 490.24 million constant LCU | 1.30 billion constant LCU | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Papua New Guinea or Solomon Islands?
- Solomon Islands, at 2.50 billion constant LCU against 1.71 billion constant LCU in Papua New Guinea as of 2024.
- What is the difference in gross fixed capital formation between Papua New Guinea and Solomon Islands?
- 785.73 million constant LCU, with Solomon Islands ahead.
- How many years of comparable data are there for Papua New Guinea and Solomon Islands?
- 25 years are reported by both, from 1980 to 2004.
- How do Papua New Guinea and Solomon Islands rank globally for gross fixed capital formation?
- Papua New Guinea ranks 154th and Solomon Islands ranks 151st of 168 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross fixed capital formation (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.