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 168th out of 180 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.

Gross fixed capital formation in Papua New Guinea

Name: Gross fixed capital formation in Papua New Guinea
Creator: Country official statistics, National Statistical Organizations and/or Central Banks
License: CC BY 4.0 (World Bank Open Data)

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

168th

of 180 countries

All-time high

2.29 billion current LCU

in 2004

All-time low

27.40 million current LCU

in 1961

Years of data

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 168th of 180 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

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

165 Fiji 2.72 billion current LCU compare
166 Solomon Islands 2.61 billion current LCU compare
167 South Sudan 2.49 billion current LCU compare
169 Curacao 1.86 billion current LCU compare
170 Sao Tome and Principe 1.85 billion current LCU compare
171 Montenegro 1.82 billion current LCU compare

See the full ranking of 180 places →

More economy & growth data for Papua New Guinea

External balance on goods and services as a percent of GDP 13.2% (2004)
Inflation of consumer prices 4.4% (2025)
GDP per capita 2,665 constant 2015 US$ (2025)
Share of manufacturing in gross domestic product (GDP) 1.6% (2024)
Gross domestic product (GDP) 28.68 billion constant 2015 US$ (2025)
GDP per capita in international and market dollars 2,665 constant 2015 US$ (2025)
DEC alternative conversion factor 4.12 LCU per US$ (2025)
Net secondary income (Net current transfers from abroad) 931.74 million current LCU (2025)
Net secondary income (Net current transfers from abroad) 226.00 million current US$ (2025)
Taxes less subsidies on products 5.32 billion current LCU (2024)

All data for Papua New Guinea →

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 168th out of 180 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.

Download this data

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About this data

Indicator: Gross fixed capital formation (current LCU)
Unit: current LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 180 places, 8,131 data points, 1960–2025
Last refreshed: 06 August 2026

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.