Gross capital formation in Papua New Guinea
Papua New Guinea: Gross capital formation was 2.53 billion current LCU in 2004. ◆ Volatile
Gross capital formation in Papua New Guinea, 1960–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross capital formation in Papua New Guinea is 2.53 billion current LCU, measured in 2004. That is the highest value across all 45 years on record.
That represents a change of up 1.1% on the previous year and up 114.2% over ten years.
Over the whole period, gross capital formation in Papua New Guinea peaked at 2.53 billion current LCU in 2004 and was at its lowest, 27.60 million current LCU, in 1960.
That places Papua New Guinea 170th out of 186 countries with data for 2004, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 64.70 million current LCU | 27.60 million current LCU | 143.00 million current LCU | 10 |
| 1970s | 243.74 million current LCU | 141.60 million current LCU | 383.30 million current LCU | 10 |
| 1980s | 584.46 million current LCU | 430.60 million current LCU | 862.50 million current LCU | 10 |
| 1990s | 1.20 billion current LCU | 751.90 million current LCU | 1.55 billion current LCU | 10 |
| 2000s | 2.40 billion current LCU | 2.13 billion current LCU | 2.53 billion current LCU | 5 |
Countries ranked near Papua New Guinea
- 167 Jordan 3.67 billion current LCU compare
- 168 Fiji 2.82 billion current LCU compare
- 169 Solomon Islands 2.61 billion current LCU compare
- 171 South Sudan 2.49 billion current LCU compare
- 172 Curacao 2.24 billion current LCU compare
- 173 Montenegro 2.20 billion current LCU compare
More economy & growth data for Papua New Guinea
- DEC alternative conversion factor 4.12 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 931.74 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 226.00 million current US$ (2025)
- Taxes less subsidies on products 5.32 billion current LCU (2024)
- Taxes less subsidies on products 1.38 billion current US$ (2024)
- Net primary income (Net income from abroad) -9.64 billion current LCU (2025)
- Net primary income (Net income from abroad) -2.34 billion current US$ (2025)
- GNI per capita 11,553 current LCU (2025)
- GNI per capita, Atlas method 2,890 current US$ (2025)
- GNI 124.34 billion current LCU (2025)
Frequently asked questions
- What is gross capital formation in Papua New Guinea?
- Gross capital formation in Papua New Guinea was 2.53 billion current LCU in 2004, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Papua New Guinea?
- The highest recorded value was 2.53 billion current LCU in 2004.
- What is the lowest gross capital formation recorded in Papua New Guinea?
- The lowest recorded value was 27.60 million current LCU in 1960.
- How does Papua New Guinea rank for gross capital formation?
- Papua New Guinea ranks 170th out of 186 countries with data for 2004.
- Is gross capital formation rising or falling in Papua New Guinea?
- Over the last ten years it is up 114.2%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.