Adjusted savings: consumption of fixed capital in Papua New Guinea
Papua New Guinea: Adjusted savings: consumption of fixed capital was 7.5% in 2021. ▼ Falling
Adjusted savings: consumption of fixed capital in Papua New Guinea, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Papua New Guinea recorded 7.5% for adjusted savings: consumption of fixed capital in 2021.
Compared with earlier readings it is up 2.9% on the previous year and down 4.3% over ten years.
Over the whole period, adjusted savings: consumption of fixed capital in Papua New Guinea peaked at 9.7% in 1992 and was at its lowest, 6.0%, in 2000.
Papua New Guinea ranks 168th of 204 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 52 years of available data.
Adjusted savings: consumption of fixed capital in Papua New Guinea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 9.2% | — |
| 1971 | 9.2% | +0.1% |
| 1972 | 8.3% | -9.3% |
| 1973 | 8.0% | -3.4% |
| 1974 | 8.6% | +7.0% |
| 1975 | 8.9% | +3.0% |
| 1976 | 8.1% | -8.1% |
| 1977 | 7.8% | -4.0% |
| 1978 | 8.1% | +3.7% |
| 1979 | 7.9% | -2.6% |
| 1980 | 8.2% | +3.8% |
| 1981 | 9.0% | +9.4% |
| 1982 | 8.2% | -8.7% |
| 1983 | 7.9% | -3.9% |
| 1984 | 7.9% | +0.0% |
| 1985 | 8.6% | +9.7% |
| 1986 | 8.6% | +0.1% |
| 1987 | 8.7% | +0.5% |
| 1988 | 8.6% | -0.8% |
| 1989 | 9.0% | +3.9% |
| 1990 | 9.4% | +4.5% |
| 1991 | 9.7% | +3.3% |
| 1992 | 9.7% | +0.8% |
| 1993 | 9.6% | -1.3% |
| 1994 | 9.6% | -0.1% |
| 1995 | 9.7% | +0.9% |
| 1996 | 9.1% | -6.3% |
| 1997 | 7.8% | -13.7% |
| 1998 | 7.3% | -6.3% |
| 1999 | 6.2% | -15.3% |
| 2000 | 6.0% | -3.9% |
| 2001 | 6.7% | +11.9% |
| 2002 | 6.8% | +1.9% |
| 2003 | 7.0% | +2.9% |
| 2004 | 6.8% | -3.0% |
| 2005 | 6.2% | -8.1% |
| 2006 | 6.5% | +3.6% |
| 2007 | 6.3% | -2.3% |
| 2008 | 6.4% | +0.7% |
| 2009 | 6.8% | +7.5% |
| 2010 | 7.7% | +12.6% |
| 2011 | 7.8% | +2.0% |
| 2012 | 7.6% | -3.1% |
| 2013 | 7.8% | +2.3% |
| 2014 | 7.1% | -9.0% |
| 2015 | 7.1% | +0.6% |
| 2016 | 7.1% | -0.6% |
| 2017 | 7.0% | -1.5% |
| 2018 | 6.9% | -0.8% |
| 2019 | 7.1% | +2.0% |
| 2020 | 7.3% | +3.5% |
| 2021 | 7.5% | +2.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 7.5% is below the median for lower middle income countries, which is 10.0%, 75% of the median. (47 countries reporting)
- Papua New Guinea's 7.5% is below the median for East Asia & Pacific, which is 11.1%, 68% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.4% | 7.8% | 9.2% | 10 |
| 1980s | 8.5% | 7.9% | 9.0% | 10 |
| 1990s | 8.8% | 6.2% | 9.7% | 10 |
| 2000s | 6.5% | 6.0% | 7.0% | 10 |
| 2010s | 7.3% | 6.9% | 7.8% | 10 |
| 2020s | 7.4% | 7.3% | 7.5% | 2 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is adjusted savings: consumption of fixed capital in Papua New Guinea?
- Adjusted savings: consumption of fixed capital in Papua New Guinea was 7.5% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: consumption of fixed capital recorded in Papua New Guinea?
- The highest recorded value was 9.7% in 1992.
- What is the lowest adjusted savings: consumption of fixed capital recorded in Papua New Guinea?
- The lowest recorded value was 6.0% in 2000.
- How does Papua New Guinea rank for adjusted savings: consumption of fixed capital?
- Papua New Guinea ranks 168th out of 204 countries with data for 2021.
- Is adjusted savings: consumption of fixed capital rising or falling in Papua New Guinea?
- Over the last ten years it is down 4.3%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: consumption of fixed capital (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Consumption of fixed capital represents the replacement value of capital used up in the process of production. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.