Gross Fixed Capital … Standard Local Currency rate annual growth in Papua New Guinea
Papua New Guinea: Gross Fixed Capital … Standard Local Currency rate annual growth was 0.5097 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Papua New Guinea, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Papua New Guinea stood at 0.5097 % change on previous year.
That represents a change of down 83.9% on the previous year and down 85.7% over five years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Papua New Guinea peaked at 72.62 % change on previous year in 2000 and was at its lowest, -67.75 % change on previous year, in 2015.
That places Papua New Guinea 167th out of 222 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital … Standard Local Currency rate annual growth in Papua New Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -30.55 % change on previous year | — |
| 1972 | -32.65 % change on previous year | +6.9% |
| 1973 | -8.39 % change on previous year | -74.3% |
| 1974 | 3.24 % change on previous year | -138.6% |
| 1975 | -6.94 % change on previous year | -314.1% |
| 1976 | -9.37 % change on previous year | +35.1% |
| 1977 | 1.83 % change on previous year | -119.5% |
| 1978 | 8.82 % change on previous year | +381.8% |
| 1979 | 15.55 % change on previous year | +76.4% |
| 1980 | 12.76 % change on previous year | -17.9% |
| 1981 | 2.51 % change on previous year | -80.4% |
| 1982 | 17.95 % change on previous year | +616.6% |
| 1983 | 2.93 % change on previous year | -83.7% |
| 1984 | -19.36 % change on previous year | -759.7% |
| 1985 | -23.93 % change on previous year | +23.6% |
| 1986 | 17.43 % change on previous year | -172.8% |
| 1987 | -1.29 % change on previous year | -107.4% |
| 1988 | 26.32 % change on previous year | -2146.8% |
| 1989 | 2.53 % change on previous year | -90.4% |
| 1990 | -9.12 % change on previous year | -459.8% |
| 1991 | 22.45 % change on previous year | -346.2% |
| 1992 | -7.77 % change on previous year | -134.6% |
| 1993 | -8.7 % change on previous year | +12.1% |
| 1994 | 6.22 % change on previous year | -171.5% |
| 1995 | 0.4451 % change on previous year | -92.8% |
| 1996 | 41.61 % change on previous year | +9248.7% |
| 1997 | -22.08 % change on previous year | -153.1% |
| 1998 | -1.35 % change on previous year | -93.9% |
| 1999 | -5.23 % change on previous year | +285.9% |
| 2000 | 72.62 % change on previous year | -1489.6% |
| 2001 | 5.76 % change on previous year | -92.1% |
| 2002 | 5.76 % change on previous year | +0.1% |
| 2003 | -13.79 % change on previous year | -339.2% |
| 2004 | -0.48 % change on previous year | -96.5% |
| 2005 | 6.54 % change on previous year | -1463.3% |
| 2006 | -9.71 % change on previous year | -248.5% |
| 2007 | 8.24 % change on previous year | -184.8% |
| 2008 | 7.54 % change on previous year | -8.4% |
| 2009 | 61.32 % change on previous year | +712.8% |
| 2010 | 38.01 % change on previous year | -38.0% |
| 2011 | 27.54 % change on previous year | -27.5% |
| 2012 | 9.18 % change on previous year | -66.7% |
| 2013 | 0 % change on previous year | -100.0% |
| 2014 | 0 % change on previous year | — |
| 2015 | -67.75 % change on previous year | — |
| 2016 | 3.53 % change on previous year | -105.2% |
| 2017 | 4.96 % change on previous year | +40.3% |
| 2018 | 1.62 % change on previous year | -67.3% |
| 2019 | 3.57 % change on previous year | +120.5% |
| 2020 | 3.59 % change on previous year | +0.5% |
| 2021 | 3.61 % change on previous year | +0.6% |
| 2022 | 3.46 % change on previous year | -4.1% |
| 2023 | 3.17 % change on previous year | -8.6% |
| 2024 | 0.5097 % change on previous year | -83.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.5097 % change on previous year is below the median for lower middle income countries, which is 3.37 % change on previous year, 15% of the median. (44 countries reporting)
- Papua New Guinea's 0.5097 % change on previous year is below the median for East Asia & Pacific, which is 3.07 % change on previous year, 17% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital … Standard Local Currency rate annual growth in Papua New Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +9248.7% | 0.4451 % change on previous year | 41.61 % change on previous year |
| 1988 | +2146.8% | -1.29 % change on previous year | 26.32 % change on previous year |
| 2000 | +1489.6% | -5.23 % change on previous year | 72.62 % change on previous year |
| 2005 | +1463.3% | -0.48 % change on previous year | 6.54 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -6.5 % change on previous year | -32.65 % change on previous year | 15.55 % change on previous year | 9 |
| 1980s | 3.79 % change on previous year | -23.93 % change on previous year | 26.32 % change on previous year | 10 |
| 1990s | 1.65 % change on previous year | -22.08 % change on previous year | 41.61 % change on previous year | 10 |
| 2000s | 14.38 % change on previous year | -13.79 % change on previous year | 72.62 % change on previous year | 10 |
| 2010s | 2.07 % change on previous year | -67.75 % change on previous year | 38.01 % change on previous year | 10 |
| 2020s | 2.87 % change on previous year | 0.5097 % change on previous year | 3.61 % change on previous year | 5 |
Countries ranked near Papua New Guinea
- 164 Kiribati 0.5437 % change on previous year compare
- 165 Zambia 0.5304 % change on previous year compare
- 166 Italy 0.519 % change on previous year compare
- 168 French Polynesia 0.1929 % change on previous year compare
- 169 Canada 0.1086 % change on previous year compare
- 170 Cyprus 0.0886 % change on previous year compare
More economy & growth data for Papua New Guinea
- Real gdp growth, annual growth rate 2.02 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Papua New Guinea?
- Gross fixed capital formation — value standard local currency, 2015 in Papua New Guinea was 0.5097 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Papua New Guinea?
- The highest recorded value was 72.62 % change on previous year in 2000.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Papua New Guinea?
- The lowest recorded value was -67.75 % change on previous year in 2015.
- How does Papua New Guinea rank for gross fixed capital formation — value standard local currency, 2015?
- Papua New Guinea ranks 167th out of 222 countries with data for 2024.
- Where does this Papua New Guinea data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.