Gross Fixed Capital Formation — Value Standard Local Currency in Papua New Guinea
Papua New Guinea: Gross Fixed Capital Formation — Value Standard Local Currency was 8,785 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Papua New Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Papua New Guinea recorded 8,785 million SLC for gross fixed capital formation — value standard local currency in 2024.
That represents a change of up 4.7% on the previous year and down 21.3% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Papua New Guinea peaked at 11,268 million SLC in 2012 and was at its lowest, 188.72 million SLC, in 1973.
That places Papua New Guinea 153rd out of 202 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 Formation — Value Standard Local Currency in Papua New Guinea, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 467.02 million SLC | — |
| 1971 | 375.42 million SLC | -19.6% |
| 1972 | 269.35 million SLC | -28.3% |
| 1973 | 188.72 million SLC | -29.9% |
| 1974 | 229.83 million SLC | +21.8% |
| 1975 | 253.76 million SLC | +10.4% |
| 1976 | 283.34 million SLC | +11.7% |
| 1977 | 338.3 million SLC | +19.4% |
| 1978 | 379.58 million SLC | +12.2% |
| 1979 | 461.15 million SLC | +21.5% |
| 1980 | 557.28 million SLC | +20.8% |
| 1981 | 637.16 million SLC | +14.3% |
| 1982 | 815.28 million SLC | +28.0% |
| 1983 | 894.02 million SLC | +9.7% |
| 1984 | 768.53 million SLC | -14.0% |
| 1985 | 627.18 million SLC | -18.4% |
| 1986 | 756.88 million SLC | +20.7% |
| 1987 | 773.73 million SLC | +2.2% |
| 1988 | 1,035 million SLC | +33.7% |
| 1989 | 1,110 million SLC | +7.3% |
| 1990 | 1,085 million SLC | -2.3% |
| 1991 | 1,418 million SLC | +30.7% |
| 1992 | 1,381 million SLC | -2.6% |
| 1993 | 1,373 million SLC | -0.6% |
| 1994 | 1,529 million SLC | +11.4% |
| 1995 | 1,829 million SLC | +19.6% |
| 1996 | 1,769 million SLC | -3.2% |
| 1997 | 1,635 million SLC | -7.6% |
| 1998 | 1,648 million SLC | +0.8% |
| 1999 | 1,615 million SLC | -2.0% |
| 2000 | 3,004 million SLC | +86.0% |
| 2001 | 3,324 million SLC | +10.7% |
| 2002 | 3,723 million SLC | +12.0% |
| 2003 | 3,447 million SLC | -7.4% |
| 2004 | 3,467 million SLC | +0.6% |
| 2005 | 3,761 million SLC | +8.5% |
| 2006 | 3,480 million SLC | -7.5% |
| 2007 | 3,854 million SLC | +10.7% |
| 2008 | 4,287 million SLC | +11.2% |
| 2009 | 6,461 million SLC | +50.7% |
| 2010 | 8,911 million SLC | +37.9% |
| 2011 | 10,679 million SLC | +19.8% |
| 2012 | 11,268 million SLC | +5.5% |
| 2013 | 11,235 million SLC | -0.3% |
| 2014 | 11,158 million SLC | -0.7% |
| 2015 | 4,530 million SLC | -59.4% |
| 2016 | 4,899 million SLC | +8.1% |
| 2017 | 5,461 million SLC | +11.5% |
| 2018 | 5,980 million SLC | +9.5% |
| 2019 | 6,315 million SLC | +5.6% |
| 2020 | 6,215 million SLC | -1.6% |
| 2021 | 6,902 million SLC | +11.1% |
| 2022 | 8,379 million SLC | +21.4% |
| 2023 | 8,387 million SLC | +0.1% |
| 2024 | 8,785 million SLC | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 324.65 million SLC | 188.72 million SLC | 467.02 million SLC | 10 |
| 1980s | 797.45 million SLC | 557.28 million SLC | 1,110 million SLC | 10 |
| 1990s | 1,528 million SLC | 1,085 million SLC | 1,829 million SLC | 10 |
| 2000s | 3,881 million SLC | 3,004 million SLC | 6,461 million SLC | 10 |
| 2010s | 8,043 million SLC | 4,530 million SLC | 11,268 million SLC | 10 |
| 2020s | 7,734 million SLC | 6,215 million SLC | 8,785 million SLC | 5 |
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 0.2146 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9552 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,782 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 7.56 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3.68 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 10,718 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.13 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8374 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Papua New Guinea?
- Gross fixed capital formation — value standard local currency in Papua New Guinea was 8,785 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 recorded in Papua New Guinea?
- The highest recorded value was 11,268 million SLC in 2012.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Papua New Guinea?
- The lowest recorded value was 188.72 million SLC in 1973.
- How does Papua New Guinea rank for gross fixed capital formation — value standard local currency?
- Papua New Guinea ranks 153rd out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Papua New Guinea?
- Over the last ten years it is down 21.3%. 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. Statizoid updates them automatically from the source API.
Download this data
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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).