Gross fixed capital formation in Papua New Guinea
Papua New Guinea: Gross fixed capital formation was 1.71 billion constant LCU in 2004. ▲ Rising
Gross fixed capital formation in Papua New Guinea, 1960–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross fixed capital formation in Papua New Guinea is 1.71 billion constant LCU, measured in 2004.
Compared with earlier readings it is down 0.5% on the previous year and up 17.4% over ten years.
Over the whole period, gross fixed capital formation in Papua New Guinea peaked at 2.24 billion constant LCU in 1971 and was at its lowest, 287.72 million constant LCU, in 1960.
Papua New Guinea ranks 153rd of 167 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Gross fixed capital formation in Papua New Guinea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 287.72 million constant LCU | — |
| 1961 | 299.21 million constant LCU | +4.0% |
| 1962 | 321.69 million constant LCU | +7.5% |
| 1963 | 412.60 million constant LCU | +28.3% |
| 1964 | 541.48 million constant LCU | +31.2% |
| 1965 | 719.56 million constant LCU | +32.9% |
| 1966 | 782.75 million constant LCU | +8.8% |
| 1967 | 845.19 million constant LCU | +8.0% |
| 1968 | 890.07 million constant LCU | +5.3% |
| 1969 | 1.31 billion constant LCU | +46.8% |
| 1970 | 2.09 billion constant LCU | +60.2% |
| 1971 | 2.24 billion constant LCU | +7.2% |
| 1972 | 1.51 billion constant LCU | -32.7% |
| 1973 | 965.07 million constant LCU | -36.1% |
| 1974 | 993.05 million constant LCU | +2.9% |
| 1975 | 927.11 million constant LCU | -6.6% |
| 1976 | 843.44 million constant LCU | -9.0% |
| 1977 | 901.38 million constant LCU | +6.9% |
| 1978 | 980.81 million constant LCU | +8.8% |
| 1979 | 1.13 billion constant LCU | +15.5% |
| 1980 | 1.28 billion constant LCU | +12.8% |
| 1981 | 1.31 billion constant LCU | +2.5% |
| 1982 | 1.55 billion constant LCU | +17.9% |
| 1983 | 1.59 billion constant LCU | +2.9% |
| 1984 | 1.28 billion constant LCU | -19.4% |
| 1985 | 975.81 million constant LCU | -23.9% |
| 1986 | 1.15 billion constant LCU | +17.4% |
| 1987 | 1.13 billion constant LCU | -1.3% |
| 1988 | 1.43 billion constant LCU | +26.3% |
| 1989 | 1.47 billion constant LCU | +2.5% |
| 1990 | 1.33 billion constant LCU | -9.1% |
| 1991 | 1.63 billion constant LCU | +22.5% |
| 1992 | 1.50 billion constant LCU | -7.8% |
| 1993 | 1.37 billion constant LCU | -8.7% |
| 1994 | 1.46 billion constant LCU | +6.2% |
| 1995 | 1.46 billion constant LCU | +0.4% |
| 1996 | 1.35 billion constant LCU | -7.9% |
| 1997 | 1.15 billion constant LCU | -14.7% |
| 1998 | 1.09 billion constant LCU | -5.2% |
| 1999 | 1.03 billion constant LCU | -5.2% |
| 2000 | 1.78 billion constant LCU | +72.6% |
| 2001 | 1.89 billion constant LCU | +5.8% |
| 2002 | 1.83 billion constant LCU | -2.8% |
| 2003 | 1.72 billion constant LCU | -6.2% |
| 2004 | 1.71 billion constant LCU | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 640.65 million constant LCU | 287.72 million constant LCU | 1.31 billion constant LCU | 10 |
| 1970s | 1.26 billion constant LCU | 843.44 million constant LCU | 2.24 billion constant LCU | 10 |
| 1980s | 1.32 billion constant LCU | 975.81 million constant LCU | 1.59 billion constant LCU | 10 |
| 1990s | 1.34 billion constant LCU | 1.03 billion constant LCU | 1.63 billion constant LCU | 10 |
| 2000s | 1.79 billion constant LCU | 1.71 billion constant LCU | 1.89 billion constant LCU | 5 |
Countries ranked near Papua New Guinea
- 150 Palestine, State of 3.40 billion constant LCU compare
- 151 Solomon Islands 2.50 billion constant LCU compare
- 152 Kosovo 2.18 billion constant LCU
- 154 Montenegro 1.45 billion constant LCU
- 155 Belize 1.15 billion constant LCU compare
- 156 Venezuela, Bolivarian Republic of 1.13 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)
- GNI, Atlas method (current US$), annual growth rate 2.88 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9586 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 2,894 current US$ per person (2025)
- GNI (current US$), annual growth rate 4.36 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9281 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 2,802 current US$ per person (2025)
- GNI (current LCU), annual growth rate 11.67 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 3.83 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Papua New Guinea?
- Gross fixed capital formation in Papua New Guinea was 1.71 billion constant LCU in 2004, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Papua New Guinea?
- The highest recorded value was 2.24 billion constant LCU in 1971.
- What is the lowest gross fixed capital formation recorded in Papua New Guinea?
- The lowest recorded value was 287.72 million constant LCU in 1960.
- How does Papua New Guinea rank for gross fixed capital formation?
- Papua New Guinea ranks 153rd 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 up 17.4%. 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 fixed capital formation (constant LCU). 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 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.