Latvia vs Papua New Guinea: Gross Fixed Capital Formation — Value Standard Local Currency, 2015
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 over time
- Latvia
- Papua New Guinea
How they compare
Latvia currently reports 6,546 million SLC against 5,965 million SLC in Papua New Guinea, a difference of 581 million SLC.
That makes Latvia's figure about 1.1 times Papua New Guinea's.
The two have swapped places 5 times across 34 shared years of data; in 1991 it was Papua New Guinea ahead.
Latvia ranks 147th and Papua New Guinea ranks 150th of 194 countries.
Across the 4 decades both report, Latvia averaged higher in 2 and Papua New Guinea in 2.
Head to head by decade
| Decade | Latvia | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 1,754 million SLC | 2,554 million SLC | 800.75 million SLC | Papua New Guinea |
| 2000s | 5,594 million SLC | 4,575 million SLC | 1,019 million SLC | Latvia |
| 2010s | 5,431 million SLC | 8,941 million SLC | 3,510 million SLC | Papua New Guinea |
| 2020s | 6,503 million SLC | 5,716 million SLC | 787.16 million SLC | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross fixed capital formation — value standard local currency, 2015, Latvia or Papua New Guinea?
- Latvia, at 6,546 million SLC against 5,965 million SLC in Papua New Guinea as of 2024.
- What is the difference in gross fixed capital formation — value standard local currency, 2015 between Latvia and Papua New Guinea?
- 581 million SLC, with Latvia ahead.
- How many years of comparable data are there for Latvia and Papua New Guinea?
- 34 years are reported by both, from 1991 to 2024.
- How do Latvia and Papua New Guinea rank globally for gross fixed capital formation — value standard local currency, 2015?
- Latvia ranks 147th and Papua New Guinea ranks 150th of 194 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).