Gross fixed capital formation in Papua New Guinea
Papua New Guinea: Gross fixed capital formation was -0.5% in 2004. ◆ Volatile
Gross fixed capital formation in Papua New Guinea, 1961–2004
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for gross fixed capital formation in Papua New Guinea is -0.5%, measured in 2004.
The figure is up 92.2% on the previous year and down 107.7% over ten years.
Over the whole period, gross fixed capital formation in Papua New Guinea peaked at 72.6% in 2000 and was at its lowest, -36.1%, in 1973.
Papua New Guinea ranks 135th of 167 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed 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 | 8.8% | -73.3% |
| 1967 | 8.0% | -9.2% |
| 1968 | 5.3% | -33.4% |
| 1969 | 46.8% | +780.6% |
| 1970 | 60.2% | +28.8% |
| 1971 | 7.2% | -88.0% |
| 1972 | -32.7% | -553.4% |
| 1973 | -36.1% | +10.5% |
| 1974 | 2.9% | -108.0% |
| 1975 | -6.6% | -329.1% |
| 1976 | -9.0% | +35.9% |
| 1977 | 6.9% | -176.1% |
| 1978 | 8.8% | +28.3% |
| 1979 | 15.5% | +76.3% |
| 1980 | 12.8% | -17.6% |
| 1981 | 2.5% | -80.5% |
| 1982 | 17.9% | +617.2% |
| 1983 | 2.9% | -83.6% |
| 1984 | -19.4% | -758.1% |
| 1985 | -23.9% | +23.6% |
| 1986 | 17.4% | -172.8% |
| 1987 | -1.3% | -107.4% |
| 1988 | 26.3% | -2146.6% |
| 1989 | 2.5% | -90.4% |
| 1990 | -9.1% | -459.8% |
| 1991 | 22.5% | -346.2% |
| 1992 | -7.8% | -134.6% |
| 1993 | -8.7% | +12.1% |
| 1994 | 6.2% | -171.5% |
| 1995 | 0.4% | -92.8% |
| 1996 | -7.9% | -1876.8% |
| 1997 | -14.7% | +86.1% |
| 1998 | -5.2% | -64.7% |
| 1999 | -5.2% | +0.7% |
| 2000 | 72.6% | -1489.7% |
| 2001 | 5.8% | -92.1% |
| 2002 | -2.8% | -149.0% |
| 2003 | -6.2% | +118.5% |
| 2004 | -0.5% | -92.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.2% | 4.0% | 46.8% | 9 |
| 1970s | 1.7% | -36.1% | 60.2% | 10 |
| 1980s | 3.8% | -23.9% | 26.3% | 10 |
| 1990s | -3.0% | -14.7% | 22.5% | 10 |
| 2000s | 13.8% | -6.2% | 72.6% | 5 |
Countries ranked near Papua New Guinea
- 132 Germany -0.2% compare
- 133 Russian Federation -0.4% compare
- 134 Luxembourg -0.5% compare
- 136 Switzerland -0.5% compare
- 137 Japan -0.6% compare
- 138 Seychelles -0.7% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0165 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 47.98 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.0635 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 184.85 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0146 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 42.52 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 110.76 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 0.6313 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation in Papua New Guinea?
- Gross fixed capital formation in Papua New Guinea was -0.5% in 2004, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Papua New Guinea?
- The highest recorded value was 72.6% in 2000.
- What is the lowest gross fixed capital formation recorded in Papua New Guinea?
- The lowest recorded value was -36.1% in 1973.
- How does Papua New Guinea rank for gross fixed capital formation?
- Papua New Guinea ranks 135th out of 167 countries with data for 2004.
- Is gross fixed capital formation rising or falling in Papua New Guinea?
- Over the last ten years it is down 107.7%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.