Gross capital formation (current US$), annual growth rate (current US) in Papua New Guinea
Papua New Guinea: Gross capital formation (current US$), annual growth rate (current US) was 11.49 % change on previous year in 2004. ◆ Volatile
Gross capital formation (current US$), annual growth rate in Papua New Guinea, 1961–2004
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross capital formation (current us$), annual growth rate in Papua New Guinea is 11.49 % change on previous year, measured in 2004.
The figure is up 6.1% on the previous year and down 66.2% over ten years.
Over the whole period, gross capital formation (current us$), annual growth rate in Papua New Guinea peaked at 67.69 % change on previous year in 1970 and was at its lowest, -34.72 % change on previous year, in 1998.
Papua New Guinea ranks 86th of 186 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$), annual growth rate (current US) in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 3.99 % change on previous year | — |
| 1962 | 7.32 % change on previous year | +83.6% |
| 1963 | 28.57 % change on previous year | +290.5% |
| 1964 | 31.57 % change on previous year | +10.5% |
| 1965 | 27.45 % change on previous year | -13.0% |
| 1966 | 17.77 % change on previous year | -35.3% |
| 1967 | 10.61 % change on previous year | -40.3% |
| 1968 | 8.79 % change on previous year | -17.2% |
| 1969 | 51.97 % change on previous year | +491.5% |
| 1970 | 67.69 % change on previous year | +30.3% |
| 1971 | 14.26 % change on previous year | -78.9% |
| 1972 | -22.11 % change on previous year | -255.0% |
| 1973 | -15.87 % change on previous year | -28.2% |
| 1974 | 27.12 % change on previous year | -270.9% |
| 1975 | 6.36 % change on previous year | -76.6% |
| 1976 | 3.68 % change on previous year | -42.1% |
| 1977 | 25.73 % change on previous year | +598.6% |
| 1978 | 24.33 % change on previous year | -5.4% |
| 1979 | 22.21 % change on previous year | -8.7% |
| 1980 | 19.17 % change on previous year | -13.7% |
| 1981 | 6.07 % change on previous year | -68.4% |
| 1982 | 11.9 % change on previous year | +96.1% |
| 1983 | -0.9752 % change on previous year | -108.2% |
| 1984 | -8.64 % change on previous year | +786.2% |
| 1985 | -30.27 % change on previous year | +250.2% |
| 1986 | 8.76 % change on previous year | -128.9% |
| 1987 | 23.35 % change on previous year | +166.6% |
| 1988 | 54.3 % change on previous year | +132.6% |
| 1989 | -17.21 % change on previous year | -131.7% |
| 1990 | -4.45 % change on previous year | -74.2% |
| 1991 | 31.89 % change on previous year | -817.3% |
| 1992 | -1.71 % change on previous year | -105.3% |
| 1993 | -14.01 % change on previous year | +721.8% |
| 1994 | 34.03 % change on previous year | -342.8% |
| 1995 | -13.49 % change on previous year | -139.7% |
| 1996 | 15.29 % change on previous year | -213.3% |
| 1997 | -11.35 % change on previous year | -174.2% |
| 1998 | -34.72 % change on previous year | +206.0% |
| 1999 | -16.13 % change on previous year | -53.6% |
| 2000 | 35.45 % change on previous year | -319.8% |
| 2001 | -8.27 % change on previous year | -123.3% |
| 2002 | -10.11 % change on previous year | +22.3% |
| 2003 | 10.83 % change on previous year | -207.1% |
| 2004 | 11.49 % change on previous year | +6.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 11.49 % change on previous year is above the median for lower middle income countries, which is 11.35 % change on previous year, 1.0× the median. (45 countries reporting)
- Papua New Guinea's 11.49 % change on previous year is above the median for East Asia & Pacific, which is 4.23 % change on previous year, 2.7× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.89 % change on previous year | 3.99 % change on previous year | 51.97 % change on previous year | 9 |
| 1970s | 15.34 % change on previous year | -22.11 % change on previous year | 67.69 % change on previous year | 10 |
| 1980s | 6.65 % change on previous year | -30.27 % change on previous year | 54.3 % change on previous year | 10 |
| 1990s | -1.47 % change on previous year | -34.72 % change on previous year | 34.03 % change on previous year | 10 |
| 2000s | 7.88 % change on previous year | -10.11 % change on previous year | 35.45 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 83 Spain 11.71 % change on previous year compare
- 84 Slovenia 11.66 % change on previous year compare
- 85 Honduras 11.56 % change on previous year compare
- 87 Tonga 11.47 % change on previous year compare
- 88 Comoros 11.35 % change on previous year compare
- 89 United Kingdom 11.25 % change on previous year 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)
- SDRs holdings, US dollar, annual growth rate -52.52 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.09 units per person (2025)
- SDRs holdings, SDR, annual growth rate -51.15 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7945 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 40.57 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0269 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation (current us$), annual growth rate in Papua New Guinea?
- Gross capital formation (current us$), annual growth rate in Papua New Guinea was 11.49 % change on previous year in 2004, according to Statizoid (derived).
- What is the highest gross capital formation (current us$), annual growth rate recorded in Papua New Guinea?
- The highest recorded value was 67.69 % change on previous year in 1970.
- What is the lowest gross capital formation (current us$), annual growth rate recorded in Papua New Guinea?
- The lowest recorded value was -34.72 % change on previous year in 1998.
- How does Papua New Guinea rank for gross capital formation (current us$), annual growth rate?
- Papua New Guinea ranks 86th out of 186 countries with data for 2004.
- Is gross capital formation (current us$), annual growth rate rising or falling in Papua New Guinea?
- Over the last ten years it is down 66.2%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross capital formation (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross capital formation (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.