Gross Fixed Capital: Value Standard … 2015 Standard Local Currency in Papua New Guinea
Papua New Guinea: Gross Fixed Capital: Value Standard … 2015 Standard Local Currency was 5,965 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Papua New Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Papua New Guinea recorded 5,965 million SLC for gross fixed capital formation — value standard local currency, 2015 in 2024.
The figure is up 0.5% on the previous year and down 57.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Papua New Guinea peaked at 14,045 million SLC in 2013 and was at its lowest, 1,430 million SLC, in 1976.
That places Papua New Guinea 170th 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: Value Standard … 2015 Standard Local Currency in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,834 million SLC | — |
| 1971 | 2,663 million SLC | -30.5% |
| 1972 | 1,793 million SLC | -32.6% |
| 1973 | 1,643 million SLC | -8.4% |
| 1974 | 1,696 million SLC | +3.2% |
| 1975 | 1,578 million SLC | -6.9% |
| 1976 | 1,430 million SLC | -9.4% |
| 1977 | 1,457 million SLC | +1.8% |
| 1978 | 1,585 million SLC | +8.8% |
| 1979 | 1,832 million SLC | +15.6% |
| 1980 | 2,065 million SLC | +12.8% |
| 1981 | 2,117 million SLC | +2.5% |
| 1982 | 2,497 million SLC | +18.0% |
| 1983 | 2,570 million SLC | +2.9% |
| 1984 | 2,073 million SLC | -19.4% |
| 1985 | 1,577 million SLC | -23.9% |
| 1986 | 1,852 million SLC | +17.4% |
| 1987 | 1,828 million SLC | -1.3% |
| 1988 | 2,309 million SLC | +26.3% |
| 1989 | 2,367 million SLC | +2.5% |
| 1990 | 2,152 million SLC | -9.1% |
| 1991 | 2,635 million SLC | +22.5% |
| 1992 | 2,430 million SLC | -7.8% |
| 1993 | 2,219 million SLC | -8.7% |
| 1994 | 2,357 million SLC | +6.2% |
| 1995 | 2,367 million SLC | +0.4% |
| 1996 | 3,352 million SLC | +41.6% |
| 1997 | 2,612 million SLC | -22.1% |
| 1998 | 2,577 million SLC | -1.4% |
| 1999 | 2,442 million SLC | -5.2% |
| 2000 | 4,215 million SLC | +72.6% |
| 2001 | 4,458 million SLC | +5.8% |
| 2002 | 4,715 million SLC | +5.8% |
| 2003 | 4,065 million SLC | -13.8% |
| 2004 | 4,045 million SLC | -0.5% |
| 2005 | 4,310 million SLC | +6.5% |
| 2006 | 3,891 million SLC | -9.7% |
| 2007 | 4,212 million SLC | +8.2% |
| 2008 | 4,530 million SLC | +7.5% |
| 2009 | 7,308 million SLC | +61.3% |
| 2010 | 10,086 million SLC | +38.0% |
| 2011 | 12,864 million SLC | +27.5% |
| 2012 | 14,045 million SLC | +9.2% |
| 2013 | 14,045 million SLC | +0.0% |
| 2014 | 14,045 million SLC | +0.0% |
| 2015 | 4,530 million SLC | -67.7% |
| 2016 | 4,690 million SLC | +3.5% |
| 2017 | 4,922 million SLC | +5.0% |
| 2018 | 5,002 million SLC | +1.6% |
| 2019 | 5,181 million SLC | +3.6% |
| 2020 | 5,366 million SLC | +3.6% |
| 2021 | 5,560 million SLC | +3.6% |
| 2022 | 5,753 million SLC | +3.5% |
| 2023 | 5,935 million SLC | +3.2% |
| 2024 | 5,965 million SLC | +0.5% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 5,965 million SLC is below the median for lower middle income countries, which is 195,773 million SLC, 3% of the median. (44 countries reporting)
- Papua New Guinea's 5,965 million SLC is below the median for East Asia & Pacific, which is 105,042 million SLC, 6% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital: Value Standard … 2015 Standard Local Currency 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 |
|---|---|---|---|
| 2015 | -67.7% | 14,045 million SLC | 4,530 million SLC |
| 2000 | +72.6% | 2,442 million SLC | 4,215 million SLC |
| 2009 | +61.3% | 4,530 million SLC | 7,308 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,951 million SLC | 1,430 million SLC | 3,834 million SLC | 10 |
| 1980s | 2,126 million SLC | 1,577 million SLC | 2,570 million SLC | 10 |
| 1990s | 2,514 million SLC | 2,152 million SLC | 3,352 million SLC | 10 |
| 2000s | 4,575 million SLC | 3,891 million SLC | 7,308 million SLC | 10 |
| 2010s | 8,941 million SLC | 4,530 million SLC | 14,045 million SLC | 10 |
| 2020s | 5,716 million SLC | 5,366 million SLC | 5,965 million SLC | 5 |
Countries ranked near Papua New Guinea
- 167 Latvia 6,546 million SLC compare
- 168 El Salvador 6,219 million SLC compare
- 169 South Sudan 6,018 million SLC compare
- 171 Cyprus 5,738 million SLC compare
- 172 Brunei Darussalam 5,498 million SLC compare
- 172 Brunei 5,498 million SLC 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 — value standard local currency, 2015 in Papua New Guinea?
- Gross fixed capital formation — value standard local currency, 2015 in Papua New Guinea was 5,965 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Papua New Guinea?
- The highest recorded value was 14,045 million SLC in 2013.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Papua New Guinea?
- The lowest recorded value was 1,430 million SLC in 1976.
- How does Papua New Guinea rank for gross fixed capital formation — value standard local currency, 2015?
- Papua New Guinea ranks 170th out of 222 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Papua New Guinea?
- Over the last ten years it is down 57.5%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).