Gross capital formation in Papua New Guinea
Papua New Guinea: Gross capital formation was 0.0% in 2004. ◆ Volatile
Gross capital formation in Papua New Guinea, 1961–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for gross capital formation in Papua New Guinea is 0.0%, measured in 2004.
The figure is up 100.3% on the previous year and down 99.9% over ten years.
Over the whole period, gross capital formation in Papua New Guinea peaked at 60.2% in 1970 and was at its lowest, -36.7%, in 1973.
Papua New Guinea ranks 124th of 169 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Papua New Guinea, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1961 | 4.0% | — |
| 1962 | 7.5% | +88.1% |
| 1963 | 28.3% | +276.2% |
| 1964 | 31.2% | +10.5% |
| 1965 | 32.9% | +5.3% |
| 1966 | 19.4% | -40.9% |
| 1967 | 6.7% | -65.8% |
| 1968 | 5.3% | -20.2% |
| 1969 | 45.1% | +749.7% |
| 1970 | 60.2% | +33.4% |
| 1971 | 7.6% | -87.4% |
| 1972 | -32.2% | -523.2% |
| 1973 | -36.7% | +14.1% |
| 1974 | 5.6% | -115.3% |
| 1975 | -1.0% | -117.1% |
| 1976 | -9.6% | +907.3% |
| 1977 | 7.9% | -181.6% |
| 1978 | 2.8% | -64.9% |
| 1979 | 22.7% | +720.1% |
| 1980 | 4.3% | -81.2% |
| 1981 | -4.2% | -198.5% |
| 1982 | 13.2% | -416.2% |
| 1983 | 4.5% | -66.4% |
| 1984 | -8.5% | -290.4% |
| 1985 | -28.1% | +231.3% |
| 1986 | 4.8% | -117.2% |
| 1987 | 9.9% | +103.6% |
| 1988 | 41.1% | +316.7% |
| 1989 | -24.0% | -158.4% |
| 1990 | 0.6% | -102.6% |
| 1991 | 23.0% | +3583.4% |
| 1992 | 3.6% | -84.5% |
| 1993 | -21.2% | -696.0% |
| 1994 | 32.9% | -255.1% |
| 1995 | -1.2% | -103.7% |
| 1996 | 10.4% | -961.0% |
| 1997 | -9.2% | -188.2% |
| 1998 | -14.5% | +58.5% |
| 1999 | 0.1% | -100.5% |
| 2000 | 36.8% | +55726.6% |
| 2001 | 7.0% | -81.0% |
| 2002 | -2.3% | -132.3% |
| 2003 | -5.6% | +149.1% |
| 2004 | 0.0% | -100.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.0% | 4.0% | 45.1% | 9 |
| 1970s | 2.7% | -36.7% | 60.2% | 10 |
| 1980s | 1.3% | -28.1% | 41.1% | 10 |
| 1990s | 2.4% | -21.2% | 32.9% | 10 |
| 2000s | 7.2% | -5.6% | 36.8% | 5 |
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)
- Imports of goods and services (current US$), annual growth rate 21.1 % change on previous year (2004)
- Imports of goods and services (current US$), per unit of GDP 0.5892 current US$ per US$ of GDP (2004)
- Imports of goods and services (current US$), per capita 365.65 current US$ per person (2004)
- Imports of goods and services (current LCU), annual growth rate 9.78 % change on previous year (2004)
- Imports of goods and services (current LCU), per unit of GDP 1.9 current LCU per US$ of GDP (2004)
- Imports of goods and services (current LCU), per capita 1,178 current LCU per person (2004)
- External balance on goods and services (current US$), annual growth -4.41 % change on previous year (2004)
- External balance on goods and services (current LCU), annual growth -13.34 % change on previous year (2004)
Frequently asked questions
- What is gross capital formation in Papua New Guinea?
- Gross capital formation in Papua New Guinea was 0.0% in 2004, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Papua New Guinea?
- The highest recorded value was 60.2% in 1970.
- What is the lowest gross capital formation recorded in Papua New Guinea?
- The lowest recorded value was -36.7% in 1973.
- How does Papua New Guinea rank for gross capital formation?
- Papua New Guinea ranks 124th out of 169 countries with data for 2004.
- Is gross capital formation rising or falling in Papua New Guinea?
- Over the last ten years it is down 99.9%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.