Gross Fixed Capital Formation — Value US$ (US Value) in Papua New Guinea
Papua New Guinea: Gross Fixed Capital Formation — Value US$ (US Value) was 2,285 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Papua New Guinea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Papua New Guinea recorded 2,285 million USD for gross fixed capital formation — value us$ in 2024.
That represents a change of down 2.2% on the previous year and down 49.6% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Papua New Guinea peaked at 5,408 million USD in 2012 and was at its lowest, 268.03 million USD, in 1973.
Papua New Guinea ranks 167th of 235 countries on this measure, 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$ (US Value) in Papua New Guinea, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 523.07 million USD | — |
| 1971 | 425.28 million USD | -18.7% |
| 1972 | 322.56 million USD | -24.2% |
| 1973 | 268.03 million USD | -16.9% |
| 1974 | 329.91 million USD | +23.1% |
| 1975 | 332.19 million USD | +0.7% |
| 1976 | 357.39 million USD | +7.6% |
| 1977 | 427.46 million USD | +19.6% |
| 1978 | 535.43 million USD | +25.3% |
| 1979 | 647.9 million USD | +21.0% |
| 1980 | 830.59 million USD | +28.2% |
| 1981 | 946.78 million USD | +14.0% |
| 1982 | 1,104 million USD | +16.6% |
| 1983 | 1,069 million USD | -3.2% |
| 1984 | 855.3 million USD | -20.0% |
| 1985 | 626.98 million USD | -26.7% |
| 1986 | 779.15 million USD | +24.3% |
| 1987 | 852.22 million USD | +9.4% |
| 1988 | 1,193 million USD | +40.0% |
| 1989 | 1,292 million USD | +8.3% |
| 1990 | 1,136 million USD | -12.1% |
| 1991 | 1,490 million USD | +31.1% |
| 1992 | 1,432 million USD | -3.9% |
| 1993 | 1,404 million USD | -1.9% |
| 1994 | 1,512 million USD | +7.7% |
| 1995 | 1,429 million USD | -5.5% |
| 1996 | 1,341 million USD | -6.1% |
| 1997 | 1,137 million USD | -15.2% |
| 1998 | 794.9 million USD | -30.1% |
| 1999 | 628.07 million USD | -21.0% |
| 2000 | 1,080 million USD | +71.9% |
| 2001 | 981.03 million USD | -9.1% |
| 2002 | 955.91 million USD | -2.6% |
| 2003 | 967.35 million USD | +1.2% |
| 2004 | 1,076 million USD | +11.2% |
| 2005 | 1,213 million USD | +12.7% |
| 2006 | 1,139 million USD | -6.1% |
| 2007 | 1,300 million USD | +14.2% |
| 2008 | 1,588 million USD | +22.2% |
| 2009 | 2,345 million USD | +47.7% |
| 2010 | 3,277 million USD | +39.7% |
| 2011 | 4,504 million USD | +37.5% |
| 2012 | 5,408 million USD | +20.1% |
| 2013 | 5,006 million USD | -7.4% |
| 2014 | 4,533 million USD | -9.4% |
| 2015 | 1,636 million USD | -63.9% |
| 2016 | 1,564 million USD | -4.4% |
| 2017 | 1,712 million USD | +9.5% |
| 2018 | 1,816 million USD | +6.0% |
| 2019 | 1,864 million USD | +2.7% |
| 2020 | 1,796 million USD | -3.6% |
| 2021 | 1,967 million USD | +9.5% |
| 2022 | 2,381 million USD | +21.0% |
| 2023 | 2,337 million USD | -1.9% |
| 2024 | 2,285 million USD | -2.2% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 2,285 million USD is below the median for lower middle income countries, which is 5,205 million USD, 44% of the median. (44 countries reporting)
- Papua New Guinea's 2,285 million USD is below the median for East Asia & Pacific, which is 3,348 million USD, 68% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 416.92 million USD | 268.03 million USD | 647.9 million USD | 10 |
| 1980s | 954.99 million USD | 626.98 million USD | 1,292 million USD | 10 |
| 1990s | 1,230 million USD | 628.07 million USD | 1,512 million USD | 10 |
| 2000s | 1,264 million USD | 955.91 million USD | 2,345 million USD | 10 |
| 2010s | 3,132 million USD | 1,564 million USD | 5,408 million USD | 10 |
| 2020s | 2,153 million USD | 1,796 million USD | 2,381 million USD | 5 |
Countries ranked near Papua New Guinea
- 164 Maldives 2,476 million USD compare
- 165 Mauritania 2,474 million USD compare
- 166 Monaco 2,469 million USD compare
- 168 Liechtenstein 2,171 million USD compare
- 169 Sierra Leone 2,168 million USD compare
- 170 Suriname 2,087 million USD 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 us$ in Papua New Guinea?
- Gross fixed capital formation — value us$ in Papua New Guinea was 2,285 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Papua New Guinea?
- The highest recorded value was 5,408 million USD in 2012.
- What is the lowest gross fixed capital formation — value us$ recorded in Papua New Guinea?
- The lowest recorded value was 268.03 million USD in 1973.
- How does Papua New Guinea rank for gross fixed capital formation — value us$?
- Papua New Guinea ranks 167th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Papua New Guinea?
- Over the last ten years it is down 49.6%. 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$. 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).