Papua New Guinea vs Venezuela, Bolivarian Republic of: Gross fixed capital formation
Gross fixed capital formation over time
- Papua New Guinea
- Venezuela, Bolivarian Republic of
How they compare
Papua New Guinea currently reports 1.71 billion constant LCU against 1.13 billion constant LCU in Venezuela, Bolivarian Republic of, a difference of 582.73 million constant LCU.
That makes Papua New Guinea's figure about 1.5 times Venezuela, Bolivarian Republic of's.
Across all 45 years both countries report, Venezuela, Bolivarian Republic of has been ahead every year.
Papua New Guinea ranks 154th and Venezuela, Bolivarian Republic of ranks 157th of 168 countries.
Venezuela, Bolivarian Republic of has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Papua New Guinea | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 640.65 million constant LCU | 4.57 billion constant LCU | 3.93 billion constant LCU | Venezuela, Bolivarian Republic of |
| 1970s | 1.26 billion constant LCU | 9.17 billion constant LCU | 7.91 billion constant LCU | Venezuela, Bolivarian Republic of |
| 1980s | 1.32 billion constant LCU | 8.32 billion constant LCU | 7.00 billion constant LCU | Venezuela, Bolivarian Republic of |
| 1990s | 1.34 billion constant LCU | 8.54 billion constant LCU | 7.20 billion constant LCU | Venezuela, Bolivarian Republic of |
| 2000s | 1.79 billion constant LCU | 7.77 billion constant LCU | 5.98 billion constant LCU | Venezuela, Bolivarian Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation, Papua New Guinea or Venezuela, Bolivarian Republic of?
- Papua New Guinea, at 1.71 billion constant LCU against 1.13 billion constant LCU in Venezuela, Bolivarian Republic of as of 2004.
- What is the difference in gross fixed capital formation between Papua New Guinea and Venezuela, Bolivarian Republic of?
- 582.73 million constant LCU, with Papua New Guinea ahead.
- How many years of comparable data are there for Papua New Guinea and Venezuela, Bolivarian Republic of?
- 45 years are reported by both, from 1960 to 2004.
- How do Papua New Guinea and Venezuela, Bolivarian Republic of rank globally for gross fixed capital formation?
- Papua New Guinea ranks 154th and Venezuela, Bolivarian Republic of ranks 157th 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.