Gross capital formation in Papua New Guinea
Papua New Guinea: Gross capital formation was 20.0% in 2004. ▬ Flat
Gross capital formation in Papua New Guinea, 1960–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2004, gross capital formation in Papua New Guinea stood at 20.0%.
The figure is up 0.4% on the previous year and down 6.4% over ten years.
Over the whole period, gross capital formation in Papua New Guinea peaked at 42.8% in 1971 and was at its lowest, 13.1%, in 1961.
Papua New Guinea ranks 130th of 187 countries on this measure, in the middle of the range.
Gross capital formation in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 13.4% | — |
| 1961 | 13.1% | -2.1% |
| 1962 | 13.2% | +0.6% |
| 1963 | 16.1% | +21.7% |
| 1964 | 19.1% | +18.9% |
| 1965 | 21.6% | +13.1% |
| 1966 | 22.4% | +3.7% |
| 1967 | 21.9% | -2.1% |
| 1968 | 21.7% | -1.0% |
| 1969 | 29.1% | +33.7% |
| 1970 | 41.6% | +43.2% |
| 1971 | 42.8% | +2.8% |
| 1972 | 27.8% | -34.9% |
| 1973 | 15.5% | -44.4% |
| 1974 | 17.4% | +12.5% |
| 1975 | 20.0% | +15.0% |
| 1976 | 18.6% | -7.0% |
| 1977 | 21.6% | +15.8% |
| 1978 | 22.6% | +4.7% |
| 1979 | 23.5% | +3.8% |
| 1980 | 25.2% | +7.4% |
| 1981 | 27.2% | +8.1% |
| 1982 | 32.2% | +18.0% |
| 1983 | 29.4% | -8.5% |
| 1984 | 27.0% | -8.3% |
| 1985 | 19.8% | -26.5% |
| 1986 | 19.7% | -0.5% |
| 1987 | 20.5% | +3.9% |
| 1988 | 27.2% | +32.7% |
| 1989 | 23.2% | -14.6% |
| 1990 | 24.4% | +5.3% |
| 1991 | 27.4% | +12.1% |
| 1992 | 23.3% | -15.0% |
| 1993 | 17.6% | -24.3% |
| 1994 | 21.4% | +21.2% |
| 1995 | 21.9% | +2.7% |
| 1996 | 22.7% | +3.7% |
| 1997 | 21.1% | -7.4% |
| 1998 | 17.9% | -15.0% |
| 1999 | 16.4% | -8.6% |
| 2000 | 21.9% | +33.7% |
| 2001 | 23.0% | +4.8% |
| 2002 | 21.2% | -7.7% |
| 2003 | 19.9% | -6.0% |
| 2004 | 20.0% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.2% | 13.1% | 29.1% | 10 |
| 1970s | 25.1% | 15.5% | 42.8% | 10 |
| 1980s | 25.2% | 19.7% | 32.2% | 10 |
| 1990s | 21.4% | 16.4% | 27.4% | 10 |
| 2000s | 21.2% | 19.9% | 23.0% | 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)
- 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 20.0% 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 42.8% in 1971.
- What is the lowest gross capital formation recorded in Papua New Guinea?
- The lowest recorded value was 13.1% in 1961.
- How does Papua New Guinea rank for gross capital formation?
- Papua New Guinea ranks 130th 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 down 6.4%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.