Gross Fixed Capital Formation — Value US$, 2015 prices in Papua New Guinea
Papua New Guinea: Gross Fixed Capital Formation — Value US$, 2015 prices was 2,155 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Papua New Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Papua New Guinea recorded 2,155 million USD for gross fixed capital formation — value us$, 2015 prices 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 us$, 2015 prices in Papua New Guinea peaked at 5,073 million USD in 2013 and was at its lowest, 516.72 million USD, in 1976.
That places Papua New Guinea 146th out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Papua New Guinea, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,385 million USD | — |
| 1971 | 961.84 million USD | -30.5% |
| 1972 | 647.84 million USD | -32.6% |
| 1973 | 593.46 million USD | -8.4% |
| 1974 | 612.7 million USD | +3.2% |
| 1975 | 570.18 million USD | -6.9% |
| 1976 | 516.72 million USD | -9.4% |
| 1977 | 526.18 million USD | +1.8% |
| 1978 | 572.57 million USD | +8.8% |
| 1979 | 661.62 million USD | +15.6% |
| 1980 | 746.06 million USD | +12.8% |
| 1981 | 764.75 million USD | +2.5% |
| 1982 | 902.02 million USD | +17.9% |
| 1983 | 928.49 million USD | +2.9% |
| 1984 | 748.74 million USD | -19.4% |
| 1985 | 569.57 million USD | -23.9% |
| 1986 | 668.85 million USD | +17.4% |
| 1987 | 660.25 million USD | -1.3% |
| 1988 | 834.02 million USD | +26.3% |
| 1989 | 855.16 million USD | +2.5% |
| 1990 | 777.17 million USD | -9.1% |
| 1991 | 951.67 million USD | +22.5% |
| 1992 | 877.76 million USD | -7.8% |
| 1993 | 801.37 million USD | -8.7% |
| 1994 | 851.23 million USD | +6.2% |
| 1995 | 855.02 million USD | +0.4% |
| 1996 | 1,211 million USD | +41.6% |
| 1997 | 943.49 million USD | -22.1% |
| 1998 | 930.71 million USD | -1.4% |
| 1999 | 882.07 million USD | -5.2% |
| 2000 | 1,523 million USD | +72.6% |
| 2001 | 1,610 million USD | +5.8% |
| 2002 | 1,703 million USD | +5.8% |
| 2003 | 1,468 million USD | -13.8% |
| 2004 | 1,461 million USD | -0.5% |
| 2005 | 1,557 million USD | +6.5% |
| 2006 | 1,406 million USD | -9.7% |
| 2007 | 1,521 million USD | +8.2% |
| 2008 | 1,636 million USD | +7.5% |
| 2009 | 2,640 million USD | +61.3% |
| 2010 | 3,643 million USD | +38.0% |
| 2011 | 4,647 million USD | +27.5% |
| 2012 | 5,073 million USD | +9.2% |
| 2013 | 5,073 million USD | +0.0% |
| 2014 | 5,073 million USD | +0.0% |
| 2015 | 1,636 million USD | -67.7% |
| 2016 | 1,694 million USD | +3.5% |
| 2017 | 1,778 million USD | +5.0% |
| 2018 | 1,807 million USD | +1.6% |
| 2019 | 1,871 million USD | +3.6% |
| 2020 | 1,938 million USD | +3.6% |
| 2021 | 2,008 million USD | +3.6% |
| 2022 | 2,078 million USD | +3.5% |
| 2023 | 2,144 million USD | +3.2% |
| 2024 | 2,155 million USD | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 704.8 million USD | 516.72 million USD | 1,385 million USD | 10 |
| 1980s | 767.79 million USD | 569.57 million USD | 928.49 million USD | 10 |
| 1990s | 908.13 million USD | 777.17 million USD | 1,211 million USD | 10 |
| 2000s | 1,653 million USD | 1,406 million USD | 2,640 million USD | 10 |
| 2010s | 3,230 million USD | 1,636 million USD | 5,073 million USD | 10 |
| 2020s | 2,065 million USD | 1,938 million USD | 2,155 million USD | 5 |
Countries ranked near Papua New Guinea
- 143 New Caledonia 2,593 million USD compare
- 144 Mauritania 2,330 million USD compare
- 145 Somalia 2,295 million USD compare
- 147 Trinidad and Tobago 2,136 million USD compare
- 148 Monaco 2,090 million USD compare
- 149 Togo 1,878 million USD 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)
- Gross domestic savings (current US$), annual growth rate 4.56 % change on previous year (2004)
- Gross domestic savings (current US$), per unit of GDP 0.3325 current US$ per US$ of GDP (2004)
- Gross domestic savings (current US$), per capita 206.33 current US$ per person (2004)
- Gross domestic savings (current LCU), annual growth rate -5.2 % change on previous year (2004)
- Gross domestic savings (current LCU), per unit of GDP 1.07 current LCU per US$ of GDP (2004)
- Gross domestic savings (current LCU), per capita 664.72 current LCU per person (2004)
- GNI, Atlas method (current US$), annual growth rate 2.88 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9586 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Papua New Guinea?
- Gross fixed capital formation — value us$, 2015 prices in Papua New Guinea was 2,155 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Papua New Guinea?
- The highest recorded value was 5,073 million USD in 2013.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Papua New Guinea?
- The lowest recorded value was 516.72 million USD in 1976.
- How does Papua New Guinea rank for gross fixed capital formation — value us$, 2015 prices?
- Papua New Guinea ranks 146th out of 203 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices 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 US$, 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).