Gross capital formation in Papua New Guinea
Papua New Guinea: Gross capital formation was 1.89 billion constant LCU in 2004. ▲ Rising
Latest (2004)
1.89 billion constant LCU
Change on year
up 0.0%
World rank
154th
of 169 countries
All-time high
2.32 billion constant LCU
in 1971
All-time low
276.26 million constant LCU
in 1960
Years of data
45
1960–2004
Gross capital formation in Papua New Guinea, 1960–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2004, gross capital formation in Papua New Guinea stood at 1.89 billion constant LCU.
That represents a change of up 14.5% over ten years.
Over the whole period, gross capital formation in Papua New Guinea peaked at 2.32 billion constant LCU in 1971 and was at its lowest, 276.26 million constant LCU, in 1960.
Papua New Guinea ranks 154th of 169 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Gross capital formation in Papua New Guinea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 276.26 million constant LCU | — |
| 1961 | 287.29 million constant LCU | +4.0% |
| 1962 | 308.87 million constant LCU | +7.5% |
| 1963 | 396.16 million constant LCU | +28.3% |
| 1964 | 519.90 million constant LCU | +31.2% |
| 1965 | 690.89 million constant LCU | +32.9% |
| 1966 | 825.18 million constant LCU | +19.4% |
| 1967 | 880.10 million constant LCU | +6.7% |
| 1968 | 926.86 million constant LCU | +5.3% |
| 1969 | 1.35 billion constant LCU | +45.1% |
| 1970 | 2.16 billion constant LCU | +60.2% |
| 1971 | 2.32 billion constant LCU | +7.6% |
| 1972 | 1.57 billion constant LCU | -32.2% |
| 1973 | 996.17 million constant LCU | -36.7% |
| 1974 | 1.05 billion constant LCU | +5.6% |
| 1975 | 1.04 billion constant LCU | -1.0% |
| 1976 | 941.49 million constant LCU | -9.6% |
| 1977 | 1.02 billion constant LCU | +7.9% |
| 1978 | 1.04 billion constant LCU | +2.8% |
| 1979 | 1.28 billion constant LCU | +22.7% |
| 1980 | 1.33 billion constant LCU | +4.3% |
| 1981 | 1.28 billion constant LCU | -4.2% |
| 1982 | 1.45 billion constant LCU | +13.2% |
| 1983 | 1.51 billion constant LCU | +4.5% |
| 1984 | 1.38 billion constant LCU | -8.5% |
| 1985 | 995.21 million constant LCU | -28.1% |
| 1986 | 1.04 billion constant LCU | +4.8% |
| 1987 | 1.15 billion constant LCU | +9.9% |
| 1988 | 1.62 billion constant LCU | +41.1% |
| 1989 | 1.23 billion constant LCU | -24.0% |
| 1990 | 1.24 billion constant LCU | +0.6% |
| 1991 | 1.52 billion constant LCU | +23.0% |
| 1992 | 1.58 billion constant LCU | +3.6% |
| 1993 | 1.24 billion constant LCU | -21.2% |
| 1994 | 1.65 billion constant LCU | +32.9% |
| 1995 | 1.63 billion constant LCU | -1.2% |
| 1996 | 1.80 billion constant LCU | +10.4% |
| 1997 | 1.63 billion constant LCU | -9.2% |
| 1998 | 1.40 billion constant LCU | -14.5% |
| 1999 | 1.40 billion constant LCU | +0.1% |
| 2000 | 1.91 billion constant LCU | +36.8% |
| 2001 | 2.05 billion constant LCU | +7.0% |
| 2002 | 2.00 billion constant LCU | -2.3% |
| 2003 | 1.89 billion constant LCU | -5.6% |
| 2004 | 1.89 billion constant LCU | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 645.68 million constant LCU | 276.26 million constant LCU | 1.35 billion constant LCU | 10 |
| 1970s | 1.34 billion constant LCU | 941.49 million constant LCU | 2.32 billion constant LCU | 10 |
| 1980s | 1.30 billion constant LCU | 995.21 million constant LCU | 1.62 billion constant LCU | 10 |
| 1990s | 1.51 billion constant LCU | 1.24 billion constant LCU | 1.80 billion constant LCU | 10 |
| 2000s | 1.95 billion constant LCU | 1.89 billion constant LCU | 2.05 billion constant LCU | 5 |
Countries ranked near Papua New Guinea
- 151 Solomon Islands 2.34 billion constant LCU compare
- 152 Kosovo 2.23 billion constant LCU
- 153 South Sudan 2.13 billion constant LCU
- 155 Montenegro 1.53 billion constant LCU
- 156 Venezuela, Bolivarian Republic of 1.50 billion constant LCU compare
- 157 Belize 1.06 billion constant LCU compare
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)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8825 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,665 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 5.64 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 2.35 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 7,084 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 4.56 % change on previous year (2004)
- Gross domestic savings (current US$), per unit of GDP 0.3325 current US$ per US$ of GDP (2004)
Frequently asked questions
- What is gross capital formation in Papua New Guinea?
- Gross capital formation in Papua New Guinea was 1.89 billion constant LCU 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 2.32 billion constant LCU in 1971.
- What is the lowest gross capital formation recorded in Papua New Guinea?
- The lowest recorded value was 276.26 million constant LCU in 1960.
- How does Papua New Guinea rank for gross capital formation?
- Papua New Guinea ranks 154th 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 up 14.5%. The long-run trend across the full record is rising.
- 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 (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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.