Gross capital formation in Papua New Guinea
Papua New Guinea: Gross capital formation was 2.53 billion current LCU in 2004. ◆ Volatile
Latest (2004)
2.53 billion current LCU
Change on year
up 1.1%
World rank
171st
of 187 countries
All-time high
2.53 billion current LCU
in 2004
All-time low
27.60 million current 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 current LCU.
Analysis
The most recent figure for gross capital formation in Papua New Guinea is 2.53 billion current LCU, measured in 2004. That is the highest value across all 45 years on record.
That represents a change of up 1.1% on the previous year and up 114.2% over ten years.
Over the whole period, gross capital formation in Papua New Guinea peaked at 2.53 billion current LCU in 2004 and was at its lowest, 27.60 million current LCU, in 1960.
That places Papua New Guinea 171st out of 187 countries with data for 2004, putting it in the bottom quarter.
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 | current LCU | Change |
|---|---|---|
| 1960 | 27.60 million current LCU | — |
| 1961 | 28.70 million current LCU | +4.0% |
| 1962 | 30.80 million current LCU | +7.3% |
| 1963 | 39.60 million current LCU | +28.6% |
| 1964 | 52.10 million current LCU | +31.6% |
| 1965 | 66.40 million current LCU | +27.4% |
| 1966 | 78.20 million current LCU | +17.8% |
| 1967 | 86.50 million current LCU | +10.6% |
| 1968 | 94.10 million current LCU | +8.8% |
| 1969 | 143.00 million current LCU | +52.0% |
| 1970 | 239.80 million current LCU | +67.7% |
| 1971 | 270.90 million current LCU | +13.0% |
| 1972 | 199.60 million current LCU | -26.3% |
| 1973 | 141.60 million current LCU | -29.1% |
| 1974 | 178.10 million current LCU | +25.8% |
| 1975 | 207.70 million current LCU | +16.6% |
| 1976 | 223.50 million current LCU | +7.6% |
| 1977 | 280.50 million current LCU | +25.5% |
| 1978 | 312.40 million current LCU | +11.4% |
| 1979 | 383.30 million current LCU | +22.7% |
| 1980 | 430.60 million current LCU | +12.3% |
| 1981 | 458.10 million current LCU | +6.4% |
| 1982 | 562.50 million current LCU | +22.8% |
| 1983 | 630.70 million current LCU | +12.1% |
| 1984 | 619.20 million current LCU | -1.8% |
| 1985 | 480.70 million current LCU | -22.4% |
| 1986 | 507.70 million current LCU | +5.6% |
| 1987 | 585.30 million current LCU | +15.3% |
| 1988 | 862.50 million current LCU | +47.4% |
| 1989 | 707.30 million current LCU | -18.0% |
| 1990 | 751.90 million current LCU | +6.3% |
| 1991 | 988.10 million current LCU | +31.4% |
| 1992 | 984.10 million current LCU | -0.4% |
| 1993 | 858.30 million current LCU | -12.8% |
| 1994 | 1.18 billion current LCU | +37.7% |
| 1995 | 1.36 billion current LCU | +15.0% |
| 1996 | 1.55 billion current LCU | +13.7% |
| 1997 | 1.49 billion current LCU | -3.5% |
| 1998 | 1.40 billion current LCU | -6.3% |
| 1999 | 1.45 billion current LCU | +3.4% |
| 2000 | 2.13 billion current LCU | +47.5% |
| 2001 | 2.39 billion current LCU | +12.0% |
| 2002 | 2.47 billion current LCU | +3.5% |
| 2003 | 2.50 billion current LCU | +1.4% |
| 2004 | 2.53 billion current LCU | +1.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 2.53 billion current LCU is below the median for lower middle income countries, which is 505.56 billion current LCU, 1% of the median. (45 countries reporting)
- Papua New Guinea's 2.53 billion current LCU is below the median for East Asia & Pacific, which is 177.54 billion current LCU, 1% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 64.70 million current LCU | 27.60 million current LCU | 143.00 million current LCU | 10 |
| 1970s | 243.74 million current LCU | 141.60 million current LCU | 383.30 million current LCU | 10 |
| 1980s | 584.46 million current LCU | 430.60 million current LCU | 862.50 million current LCU | 10 |
| 1990s | 1.20 billion current LCU | 751.90 million current LCU | 1.55 billion current LCU | 10 |
| 2000s | 2.40 billion current LCU | 2.13 billion current LCU | 2.53 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 168 Jordan 3.67 billion current LCU compare
- 169 Fiji 2.82 billion current LCU compare
- 170 Solomon Islands 2.61 billion current LCU compare
- 172 South Sudan 2.49 billion current LCU
- 173 Curacao 2.24 billion current LCU
- 174 Montenegro 2.20 billion current 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)
- 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 gross capital formation in Papua New Guinea?
- Gross capital formation in Papua New Guinea was 2.53 billion current 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 2.53 billion current LCU in 2004.
- What is the lowest gross capital formation recorded in Papua New Guinea?
- The lowest recorded value was 27.60 million current LCU in 1960.
- How does Papua New Guinea rank for gross capital formation?
- Papua New Guinea ranks 171st out of 187 countries with data for 2004.
- Is gross capital formation rising or falling in Papua New Guinea?
- Over the last ten years it is up 114.2%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.