What is gross fixed capital formation in Papua New Guinea?

Gross fixed capital formation in Papua New Guinea was 1.71 billion constant LCU in 2004, according to Country official statistics, National Statistical Organizations and/or Central Banks.

What is the highest gross fixed capital formation recorded in Papua New Guinea?

The highest recorded value was 2.24 billion constant LCU in 1971.

What is the lowest gross fixed capital formation recorded in Papua New Guinea?

The lowest recorded value was 287.72 million constant LCU in 1960.

How does Papua New Guinea rank for gross fixed capital formation?

Papua New Guinea ranks 153rd out of 167 countries with data for 2004.

Is gross fixed capital formation rising or falling in Papua New Guinea?

Over the last ten years it is up 17.4%. The long-run trend across the full record is rising.

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 fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.

Gross fixed capital formation in Papua New Guinea

Name: Gross fixed capital formation in Papua New Guinea
Creator: Country official statistics, National Statistical Organizations and/or Central Banks
License: CC BY 4.0 (World Bank Open Data)

Papua New Guinea: Gross fixed capital formation was 1.71 billion constant LCU in 2004. ▲ Rising

Latest (2004)

1.71 billion constant LCU

Change on year

down 0.5%

World rank

153rd

of 167 countries

All-time high

2.24 billion constant LCU

in 1971

All-time low

287.72 million constant LCU

in 1960

Years of data

1960–2004

Gross fixed capital formation in Papua New Guinea, 1960–2004

Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.

Analysis

The most recent figure for gross fixed capital formation in Papua New Guinea is 1.71 billion constant LCU, measured in 2004.

Compared with earlier readings it is down 0.5% on the previous year and up 17.4% over ten years.

Over the whole period, gross fixed capital formation in Papua New Guinea peaked at 2.24 billion constant LCU in 1971 and was at its lowest, 287.72 million constant LCU, in 1960.

Papua New Guinea ranks 153rd of 167 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 45 years of available data.

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	640.65 million constant LCU	287.72 million constant LCU	1.31 billion constant LCU	10
1970s	1.26 billion constant LCU	843.44 million constant LCU	2.24 billion constant LCU	10
1980s	1.32 billion constant LCU	975.81 million constant LCU	1.59 billion constant LCU	10
1990s	1.34 billion constant LCU	1.03 billion constant LCU	1.63 billion constant LCU	10
2000s	1.79 billion constant LCU	1.71 billion constant LCU	1.89 billion constant LCU	5

Countries ranked near Papua New Guinea

150 Palestine 3.40 billion constant LCU compare
151 Solomon Islands 2.50 billion constant LCU compare
154 Montenegro 1.45 billion constant LCU compare
155 Belize 1.15 billion constant LCU compare
156 Venezuela 1.13 billion constant LCU compare

See the full ranking of 167 places →

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)

All data for Papua New Guinea →

Frequently asked questions

What is gross fixed capital formation in Papua New Guinea?: Gross fixed capital formation in Papua New Guinea was 1.71 billion constant LCU in 2004, according to Country official statistics, National Statistical Organizations and/or Central Banks.
What is the highest gross fixed capital formation recorded in Papua New Guinea?: The highest recorded value was 2.24 billion constant LCU in 1971.
What is the lowest gross fixed capital formation recorded in Papua New Guinea?: The lowest recorded value was 287.72 million constant LCU in 1960.
How does Papua New Guinea rank for gross fixed capital formation?: Papua New Guinea ranks 153rd out of 167 countries with data for 2004.
Is gross fixed capital formation rising or falling in Papua New Guinea?: Over the last ten years it is up 17.4%. The long-run trend across the full record is rising.
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 fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator: Gross fixed capital formation (constant LCU)
Unit: constant LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 167 places, 6,948 data points, 1960–2025
Last refreshed: 06 August 2026

Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.