Gross fixed capital formation in Papua New Guinea
Papua New Guinea: Gross fixed capital formation was 18.1% in 2004. ▬ Flat
Gross fixed capital formation in Papua New Guinea, 1960–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Papua New Guinea recorded 18.1% for gross fixed capital formation in 2004.
That represents a change of down 0.1% on the previous year and down 3.6% over ten years.
Over the whole period, gross fixed capital formation in Papua New Guinea peaked at 40.9% in 1971 and was at its lowest, 12.1%, in 1999.
That places Papua New Guinea 135th out of 181 countries with data for 2004, putting it in the middle of the range.
Gross fixed capital formation in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 13.4% | — |
| 1961 | 12.5% | -6.5% |
| 1962 | 13.2% | +5.0% |
| 1963 | 15.3% | +16.5% |
| 1964 | 17.1% | +11.2% |
| 1965 | 19.0% | +11.4% |
| 1966 | 20.8% | +9.4% |
| 1967 | 20.6% | -1.1% |
| 1968 | 20.2% | -2.0% |
| 1969 | 27.8% | +38.0% |
| 1970 | 39.8% | +43.0% |
| 1971 | 40.9% | +2.7% |
| 1972 | 25.9% | -36.6% |
| 1973 | 14.2% | -45.1% |
| 1974 | 15.5% | +8.9% |
| 1975 | 16.9% | +8.9% |
| 1976 | 16.7% | -0.9% |
| 1977 | 18.4% | +10.1% |
| 1978 | 19.4% | +5.5% |
| 1979 | 20.0% | +2.8% |
| 1980 | 23.1% | +15.5% |
| 1981 | 26.8% | +16.2% |
| 1982 | 33.0% | +23.0% |
| 1983 | 29.7% | -9.8% |
| 1984 | 23.9% | -19.7% |
| 1985 | 18.4% | -22.8% |
| 1986 | 21.0% | +13.7% |
| 1987 | 19.3% | -7.9% |
| 1988 | 23.2% | +20.4% |
| 1989 | 26.0% | +11.7% |
| 1990 | 25.1% | -3.2% |
| 1991 | 28.0% | +11.5% |
| 1992 | 21.6% | -22.7% |
| 1993 | 18.5% | -14.5% |
| 1994 | 18.8% | +1.6% |
| 1995 | 19.5% | +3.9% |
| 1996 | 17.2% | -11.8% |
| 1997 | 15.3% | -11.3% |
| 1998 | 14.0% | -8.5% |
| 1999 | 12.1% | -13.4% |
| 2000 | 20.4% | +68.7% |
| 2001 | 21.2% | +3.6% |
| 2002 | 19.4% | -8.2% |
| 2003 | 18.2% | -6.5% |
| 2004 | 18.1% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 18.0% | 12.5% | 27.8% | 10 |
| 1970s | 22.8% | 14.2% | 40.9% | 10 |
| 1980s | 24.4% | 18.4% | 33.0% | 10 |
| 1990s | 19.0% | 12.1% | 28.0% | 10 |
| 2000s | 19.5% | 18.1% | 21.2% | 5 |
Countries ranked near Papua New Guinea
- 132 Trinidad and Tobago 19.0% compare
- 133 United Kingdom of Great Britain and Northern Ireland 18.9% compare
- 134 Seychelles 18.7% compare
- 136 Kenya 17.9% compare
- 137 Malta 17.8% compare
- 138 Afghanistan 17.0%
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)
- Total reserves minus gold (current US$), annual growth rate -6.02 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.1151 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 335.13 current US$ per person (2024)
- General government final consumption expenditure (current US$) 11.47 % change on previous year (2004)
- General government final consumption expenditure (current US$), per 0.1531 current US$ per US$ of GDP (2004)
- General government final consumption expenditure (current US$), per 95.04 current US$ per person (2004)
- General government final consumption expenditure (current LCU) 1.06 % change on previous year (2004)
- General government final consumption expenditure (current LCU), per 0.4934 current LCU per US$ of GDP (2004)
Frequently asked questions
- What is gross fixed capital formation in Papua New Guinea?
- Gross fixed capital formation in Papua New Guinea was 18.1% 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 40.9% in 1971.
- What is the lowest gross fixed capital formation recorded in Papua New Guinea?
- The lowest recorded value was 12.1% in 1999.
- How does Papua New Guinea rank for gross fixed capital formation?
- Papua New Guinea ranks 135th 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 3.6%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.