Gross fixed capital formation, Private sector, Constant prices in Papua New Guinea
Papua New Guinea: Gross fixed capital formation, Private sector, Constant prices was 5.76 in 1993. ▼ Falling
Gross fixed capital formation, Private sector, Constant prices in Papua New Guinea, 1960–1993
Source: International Monetary Fund.
Analysis
In 1993, gross fixed capital formation, private sector, constant prices in Papua New Guinea stood at 5.76.
The figure is down 23.0% on the previous year and down 48.6% over ten years.
Over the whole period, gross fixed capital formation, private sector, constant prices in Papua New Guinea peaked at 17.93 in 1970 and was at its lowest, 5.56, in 1985.
That places Papua New Guinea 159th out of 173 countries with data for 1993, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 34 years of available data.
Gross fixed capital formation, Private sector, Constant prices in Papua New Guinea, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 14.07 | — |
| 1961 | 12.58 | -10.5% |
| 1962 | 12.28 | -2.4% |
| 1963 | 12.33 | +0.4% |
| 1964 | 11.9 | -3.5% |
| 1965 | 11.33 | -4.8% |
| 1966 | 11.26 | -0.6% |
| 1967 | 11.21 | -0.4% |
| 1968 | 10.98 | -2.0% |
| 1969 | 10.63 | -3.2% |
| 1970 | 17.93 | +68.7% |
| 1971 | 11.98 | -33.2% |
| 1972 | 7.64 | -36.2% |
| 1973 | 6.85 | -10.4% |
| 1974 | 6.92 | +1.1% |
| 1975 | 6.46 | -6.6% |
| 1976 | 6.04 | -6.6% |
| 1977 | 6.44 | +6.7% |
| 1978 | 6.46 | +0.2% |
| 1979 | 7.33 | +13.5% |
| 1980 | 6.91 | -5.7% |
| 1981 | 8.21 | +18.7% |
| 1982 | 11.23 | +36.8% |
| 1983 | 11.2 | -0.2% |
| 1984 | 8.49 | -24.2% |
| 1985 | 5.56 | -34.5% |
| 1986 | 6.5 | +16.9% |
| 1987 | 6.54 | +0.8% |
| 1988 | 8.7 | +32.9% |
| 1989 | 9.4 | +8.1% |
| 1990 | 8.58 | -8.7% |
| 1991 | 10.02 | +16.8% |
| 1992 | 7.47 | -25.5% |
| 1993 | 5.76 | -23.0% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 5.76 is below the median for lower middle income countries, which is 12.64, 46% of the median. (41 countries reporting)
- Papua New Guinea's 5.76 is below the median for East Asia & Pacific, which is 17.15, 34% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.86 | 10.63 | 14.07 | 10 |
| 1970s | 8.41 | 6.04 | 17.93 | 10 |
| 1980s | 8.27 | 5.56 | 11.23 | 10 |
| 1990s | 7.96 | 5.76 | 10.02 | 4 |
Countries ranked near Papua New Guinea
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, private sector, constant prices in Papua New Guinea?
- Gross fixed capital formation, private sector, constant prices in Papua New Guinea was 5.76 in 1993, according to International Monetary Fund.
- What is the highest gross fixed capital formation, private sector, constant prices recorded in Papua New Guinea?
- The highest recorded value was 17.93 in 1970.
- What is the lowest gross fixed capital formation, private sector, constant prices recorded in Papua New Guinea?
- The lowest recorded value was 5.56 in 1985.
- How does Papua New Guinea rank for gross fixed capital formation, private sector, constant prices?
- Papua New Guinea ranks 159th out of 173 countries with data for 1993.
- Is gross fixed capital formation, private sector, constant prices rising or falling in Papua New Guinea?
- Over the last ten years it is down 48.6%. The long-run trend across the full record is falling.
- Where does this Papua New Guinea data come from?
- The figures come from International Monetary Fund, published as part of Gross fixed capital formation, Private sector, Constant prices, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.