Gross Fixed Capital Formation — Value Standard Local Currency, per in Papua New Guinea
Papua New Guinea: Gross Fixed Capital Formation — Value Standard Local Currency, per was 0.0185 million SLC per square kilometre in 2023. ◆ Volatile
Latest (2023)
0.0185 million SLC per square kilometre
Change on year
up 0.1%
World rank
191st
of 194 countries
All-time high
0.0249 million SLC per square kilometre
in 2012
All-time low
0.0004 million SLC per square kilometre
in 1973
Years of data
54
1970–2023
Gross Fixed Capital Formation — Value Standard Local Currency, per in Papua New Guinea, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, gross fixed capital formation — value standard local currency, per in Papua New Guinea stood at 0.0185 million SLC per square kilometre.
The figure is up 0.1% on the previous year and down 25.3% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, per in Papua New Guinea peaked at 0.0249 million SLC per square kilometre in 2012 and was at its lowest, 0.0004 million SLC per square kilometre, in 1973.
That places Papua New Guinea 191st out of 194 countries with data for 2023, 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 Formation — Value Standard Local Currency, per in Papua New Guinea, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 0.001 million SLC per square kilometre | — |
| 1971 | 0.0008 million SLC per square kilometre | -19.6% |
| 1972 | 0.0006 million SLC per square kilometre | -28.3% |
| 1973 | 0.0004 million SLC per square kilometre | -29.9% |
| 1974 | 0.0005 million SLC per square kilometre | +21.8% |
| 1975 | 0.0006 million SLC per square kilometre | +10.4% |
| 1976 | 0.0006 million SLC per square kilometre | +11.7% |
| 1977 | 0.0007 million SLC per square kilometre | +19.4% |
| 1978 | 0.0008 million SLC per square kilometre | +12.2% |
| 1979 | 0.001 million SLC per square kilometre | +21.5% |
| 1980 | 0.0012 million SLC per square kilometre | +20.8% |
| 1981 | 0.0014 million SLC per square kilometre | +14.3% |
| 1982 | 0.0018 million SLC per square kilometre | +28.0% |
| 1983 | 0.002 million SLC per square kilometre | +9.7% |
| 1984 | 0.0017 million SLC per square kilometre | -14.0% |
| 1985 | 0.0014 million SLC per square kilometre | -18.4% |
| 1986 | 0.0017 million SLC per square kilometre | +20.7% |
| 1987 | 0.0017 million SLC per square kilometre | +2.2% |
| 1988 | 0.0023 million SLC per square kilometre | +33.7% |
| 1989 | 0.0025 million SLC per square kilometre | +7.3% |
| 1990 | 0.0024 million SLC per square kilometre | -2.3% |
| 1991 | 0.0031 million SLC per square kilometre | +30.7% |
| 1992 | 0.0031 million SLC per square kilometre | -2.6% |
| 1993 | 0.003 million SLC per square kilometre | -0.6% |
| 1994 | 0.0034 million SLC per square kilometre | +11.4% |
| 1995 | 0.004 million SLC per square kilometre | +19.6% |
| 1996 | 0.0039 million SLC per square kilometre | -3.2% |
| 1997 | 0.0036 million SLC per square kilometre | -7.6% |
| 1998 | 0.0036 million SLC per square kilometre | +0.8% |
| 1999 | 0.0036 million SLC per square kilometre | -2.0% |
| 2000 | 0.0066 million SLC per square kilometre | +86.0% |
| 2001 | 0.0073 million SLC per square kilometre | +10.7% |
| 2002 | 0.0082 million SLC per square kilometre | +12.0% |
| 2003 | 0.0076 million SLC per square kilometre | -7.4% |
| 2004 | 0.0077 million SLC per square kilometre | +0.6% |
| 2005 | 0.0083 million SLC per square kilometre | +8.5% |
| 2006 | 0.0077 million SLC per square kilometre | -7.5% |
| 2007 | 0.0085 million SLC per square kilometre | +10.7% |
| 2008 | 0.0095 million SLC per square kilometre | +11.2% |
| 2009 | 0.0143 million SLC per square kilometre | +50.7% |
| 2010 | 0.0197 million SLC per square kilometre | +37.9% |
| 2011 | 0.0236 million SLC per square kilometre | +19.8% |
| 2012 | 0.0249 million SLC per square kilometre | +5.5% |
| 2013 | 0.0248 million SLC per square kilometre | -0.3% |
| 2014 | 0.0246 million SLC per square kilometre | -0.7% |
| 2015 | 0.01 million SLC per square kilometre | -59.4% |
| 2016 | 0.0108 million SLC per square kilometre | +8.1% |
| 2017 | 0.0121 million SLC per square kilometre | +11.5% |
| 2018 | 0.0132 million SLC per square kilometre | +9.5% |
| 2019 | 0.0139 million SLC per square kilometre | +5.6% |
| 2020 | 0.0137 million SLC per square kilometre | -1.6% |
| 2021 | 0.0152 million SLC per square kilometre | +11.1% |
| 2022 | 0.0185 million SLC per square kilometre | +21.4% |
| 2023 | 0.0185 million SLC per square kilometre | +0.1% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 0.0185 million SLC per square kilometre is below the median for lower middle income countries, which is 4.03 million SLC per square kilometre, 0% of the median. (44 countries reporting)
- Papua New Guinea's 0.0185 million SLC per square kilometre is below the median for East Asia & Pacific, which is 2.25 million SLC per square kilometre, 1% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0007 million SLC per square kilometre | 0.0004 million SLC per square kilometre | 0.001 million SLC per square kilometre | 10 |
| 1980s | 0.0018 million SLC per square kilometre | 0.0012 million SLC per square kilometre | 0.0025 million SLC per square kilometre | 10 |
| 1990s | 0.0034 million SLC per square kilometre | 0.0024 million SLC per square kilometre | 0.004 million SLC per square kilometre | 10 |
| 2000s | 0.0086 million SLC per square kilometre | 0.0066 million SLC per square kilometre | 0.0143 million SLC per square kilometre | 10 |
| 2010s | 0.0178 million SLC per square kilometre | 0.01 million SLC per square kilometre | 0.0249 million SLC per square kilometre | 10 |
| 2020s | 0.0165 million SLC per square kilometre | 0.0137 million SLC per square kilometre | 0.0185 million SLC per square kilometre | 4 |
Countries ranked near Papua New Guinea
- 188 East Timor 0.0243 million SLC per square kilometre compare
- 189 Eritrea 0.021 million SLC per square kilometre compare
- 190 Libya 0.0193 million SLC per square kilometre compare
- 192 Greenland 0.0165 million SLC per square kilometre compare
- 193 Zimbabwe 0.0096 million SLC per square kilometre compare
- 194 Liberia 0.0092 million SLC per square kilometre 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)
- 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 — value standard local currency, per in Papua New Guinea?
- Gross fixed capital formation — value standard local currency, per in Papua New Guinea was 0.0185 million SLC per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, per recorded in Papua New Guinea?
- The highest recorded value was 0.0249 million SLC per square kilometre in 2012.
- What is the lowest gross fixed capital formation — value standard local currency, per recorded in Papua New Guinea?
- The lowest recorded value was 0.0004 million SLC per square kilometre in 1973.
- How does Papua New Guinea rank for gross fixed capital formation — value standard local currency, per?
- Papua New Guinea ranks 191st out of 194 countries with data for 2023.
- Is gross fixed capital formation — value standard local currency, per rising or falling in Papua New Guinea?
- Over the last ten years it is down 25.3%. The long-run trend across the full record is volatile.
- 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, per square kilometre. 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
Gross Fixed Capital Formation — Value Standard Local Currency divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency ÷ Land area (sq. km)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency Food and Agriculture Organization of the United Nations
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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
Gross Fixed Capital Formation — Value Standard Local Currency divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.