Gross fixed capital formation in Papua New Guinea
Papua New Guinea: Gross fixed capital formation was 2.29 billion current LCU in 2004. ◆ Volatile
Latest (2004)
2.29 billion current LCU
Change on year
up 0.6%
World rank
169th
of 181 countries
All-time high
2.29 billion current LCU
in 2004
All-time low
27.40 million current LCU
in 1961
Years of data
45
1960–2004
Gross fixed capital formation in Papua New Guinea, 1960–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Papua New Guinea recorded 2.29 billion current LCU for gross fixed capital formation in 2004. That is the highest value across all 45 years on record.
The figure is up 0.6% on the previous year and up 120.6% over ten years.
Over the whole period, gross fixed capital formation in Papua New Guinea peaked at 2.29 billion current LCU in 2004 and was at its lowest, 27.40 million current LCU, in 1961.
Papua New Guinea ranks 169th of 181 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 | current LCU | Change |
|---|---|---|
| 1960 | 27.60 million current LCU | — |
| 1961 | 27.40 million current LCU | -0.7% |
| 1962 | 30.70 million current LCU | +12.0% |
| 1963 | 37.80 million current LCU | +23.1% |
| 1964 | 46.50 million current LCU | +23.0% |
| 1965 | 58.40 million current LCU | +25.6% |
| 1966 | 72.60 million current LCU | +24.3% |
| 1967 | 81.10 million current LCU | +11.7% |
| 1968 | 87.30 million current LCU | +7.6% |
| 1969 | 136.90 million current LCU | +56.8% |
| 1970 | 229.30 million current LCU | +67.5% |
| 1971 | 258.90 million current LCU | +12.9% |
| 1972 | 185.80 million current LCU | -28.2% |
| 1973 | 130.20 million current LCU | -29.9% |
| 1974 | 158.50 million current LCU | +21.7% |
| 1975 | 175.00 million current LCU | +10.4% |
| 1976 | 200.60 million current LCU | +14.6% |
| 1977 | 239.30 million current LCU | +19.3% |
| 1978 | 268.50 million current LCU | +12.2% |
| 1979 | 326.20 million current LCU | +21.5% |
| 1980 | 394.20 million current LCU | +20.8% |
| 1981 | 450.70 million current LCU | +14.3% |
| 1982 | 576.70 million current LCU | +28.0% |
| 1983 | 636.90 million current LCU | +10.4% |
| 1984 | 547.70 million current LCU | -14.0% |
| 1985 | 446.90 million current LCU | -18.4% |
| 1986 | 539.20 million current LCU | +20.7% |
| 1987 | 551.20 million current LCU | +2.2% |
| 1988 | 737.00 million current LCU | +33.7% |
| 1989 | 790.70 million current LCU | +7.3% |
| 1990 | 772.90 million current LCU | -2.3% |
| 1991 | 1.01 billion current LCU | +30.7% |
| 1992 | 914.10 million current LCU | -9.5% |
| 1993 | 900.80 million current LCU | -1.5% |
| 1994 | 1.04 billion current LCU | +15.4% |
| 1995 | 1.21 billion current LCU | +16.4% |
| 1996 | 1.17 billion current LCU | -3.3% |
| 1997 | 1.08 billion current LCU | -7.6% |
| 1998 | 1.09 billion current LCU | +0.8% |
| 1999 | 1.07 billion current LCU | -2.0% |
| 2000 | 1.99 billion current LCU | +86.0% |
| 2001 | 2.20 billion current LCU | +10.7% |
| 2002 | 2.26 billion current LCU | +2.9% |
| 2003 | 2.28 billion current LCU | +0.8% |
| 2004 | 2.29 billion current LCU | +0.6% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 2.29 billion current LCU is below the median for lower middle income countries, which is 457.10 billion current LCU, 1% of the median. (45 countries reporting)
- Papua New Guinea's 2.29 billion current LCU is below the median for East Asia & Pacific, which is 174.36 billion current LCU, 1% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 60.63 million current LCU | 27.40 million current LCU | 136.90 million current LCU | 10 |
| 1970s | 217.23 million current LCU | 130.20 million current LCU | 326.20 million current LCU | 10 |
| 1980s | 567.12 million current LCU | 394.20 million current LCU | 790.70 million current LCU | 10 |
| 1990s | 1.03 billion current LCU | 772.90 million current LCU | 1.21 billion current LCU | 10 |
| 2000s | 2.21 billion current LCU | 1.99 billion current LCU | 2.29 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 166 Fiji 2.72 billion current LCU compare
- 167 Solomon Islands 2.61 billion current LCU compare
- 168 South Sudan 2.49 billion current LCU
- 170 Curacao 1.86 billion current LCU
- 171 Sao Tome and Principe 1.85 billion current LCU
- 172 Montenegro 1.82 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 fixed capital formation in Papua New Guinea?
- Gross fixed capital formation in Papua New Guinea was 2.29 billion current 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 2.29 billion current LCU in 2004.
- What is the lowest gross fixed capital formation recorded in Papua New Guinea?
- The lowest recorded value was 27.40 million current LCU in 1961.
- How does Papua New Guinea rank for gross fixed capital formation?
- Papua New Guinea ranks 169th out of 181 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 120.6%. 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 fixed capital formation (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.