Gross fixed capital formation (current US$) in Papua New Guinea
Papua New Guinea: Gross fixed capital formation (current US$) was 712.14 million current US$ in 2004. ◆ Volatile
Latest (2004)
712.14 million current US$
Change on year
up 10.9%
World rank
161st
of 181 countries
All-time high
1.06 billion current US$
in 1991
All-time low
30.69 million current US$
in 1961
Years of data
45
1960–2004
Gross fixed capital formation in Papua New Guinea, 1960–2004
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2004, gross fixed capital formation in Papua New Guinea stood at 712.14 million current US$.
That represents a change of up 10.9% on the previous year and down 31.2% over ten years.
Over the whole period, gross fixed capital formation in Papua New Guinea peaked at 1.06 billion current US$ in 1991 and was at its lowest, 30.69 million current US$, in 1961.
Papua New Guinea ranks 161st of 181 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 30.91 million current US$ | — |
| 1961 | 30.69 million current US$ | -0.7% |
| 1962 | 34.38 million current US$ | +12.0% |
| 1963 | 42.34 million current US$ | +23.1% |
| 1964 | 52.08 million current US$ | +23.0% |
| 1965 | 65.41 million current US$ | +25.6% |
| 1966 | 81.31 million current US$ | +24.3% |
| 1967 | 90.83 million current US$ | +11.7% |
| 1968 | 97.78 million current US$ | +7.6% |
| 1969 | 153.33 million current US$ | +56.8% |
| 1970 | 256.82 million current US$ | +67.5% |
| 1971 | 293.29 million current US$ | +14.2% |
| 1972 | 222.50 million current US$ | -24.1% |
| 1973 | 184.91 million current US$ | -16.9% |
| 1974 | 227.51 million current US$ | +23.0% |
| 1975 | 229.09 million current US$ | +0.7% |
| 1976 | 253.03 million current US$ | +10.4% |
| 1977 | 302.37 million current US$ | +19.5% |
| 1978 | 378.74 million current US$ | +25.3% |
| 1979 | 458.30 million current US$ | +21.0% |
| 1980 | 587.53 million current US$ | +28.2% |
| 1981 | 669.72 million current US$ | +14.0% |
| 1982 | 780.95 million current US$ | +16.6% |
| 1983 | 761.71 million current US$ | -2.5% |
| 1984 | 609.54 million current US$ | -20.0% |
| 1985 | 446.76 million current US$ | -26.7% |
| 1986 | 555.07 million current US$ | +24.2% |
| 1987 | 607.12 million current US$ | +9.4% |
| 1988 | 850.01 million current US$ | +40.0% |
| 1989 | 920.71 million current US$ | +8.3% |
| 1990 | 808.96 million current US$ | -12.1% |
| 1991 | 1.06 billion current US$ | +31.2% |
| 1992 | 947.65 million current US$ | -10.7% |
| 1993 | 920.69 million current US$ | -2.8% |
| 1994 | 1.03 billion current US$ | +12.4% |
| 1995 | 905.68 million current US$ | -12.5% |
| 1996 | 888.23 million current US$ | -1.9% |
| 1997 | 754.34 million current US$ | -15.1% |
| 1998 | 529.65 million current US$ | -29.8% |
| 1999 | 420.80 million current US$ | -20.6% |
| 2000 | 718.93 million current US$ | +70.8% |
| 2001 | 651.94 million current US$ | -9.3% |
| 2002 | 582.61 million current US$ | -10.6% |
| 2003 | 641.93 million current US$ | +10.2% |
| 2004 | 712.14 million current US$ | +10.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 712.14 million current US$ is below the median for lower middle income countries, which is 5.47 billion current US$, 13% of the median. (45 countries reporting)
- Papua New Guinea's 712.14 million current US$ is below the median for East Asia & Pacific, which is 6.21 billion current US$, 11% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 67.91 million current US$ | 30.69 million current US$ | 153.33 million current US$ | 10 |
| 1970s | 280.66 million current US$ | 184.91 million current US$ | 458.30 million current US$ | 10 |
| 1980s | 678.91 million current US$ | 446.76 million current US$ | 920.71 million current US$ | 10 |
| 1990s | 827.18 million current US$ | 420.80 million current US$ | 1.06 billion current US$ | 10 |
| 2000s | 661.51 million current US$ | 582.61 million current US$ | 718.93 million current US$ | 5 |
Countries ranked near Papua New Guinea
- 158 Equatorial Guinea 817.03 million current US$
- 159 Lesotho 794.97 million current US$ compare
- 160 Eswatini 780.84 million current US$
- 162 South Sudan 689.96 million current US$
- 163 Belize 677.06 million current US$ compare
- 164 Guinea-Bissau 563.56 million current US$ 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)
- SDRs holdings, US dollar, annual growth rate -52.52 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.09 units per person (2025)
- SDRs holdings, SDR, annual growth rate -51.15 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7945 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 40.57 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0269 units 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 712.14 million current US$ 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 1.06 billion current US$ in 1991.
- What is the lowest gross fixed capital formation recorded in Papua New Guinea?
- The lowest recorded value was 30.69 million current US$ in 1961.
- How does Papua New Guinea rank for gross fixed capital formation?
- Papua New Guinea ranks 161st 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 down 31.2%. 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 (current US$). 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 indicator is expressed in United States dollars.