Gross fixed capital formation in Papua New Guinea
Papua New Guinea: Gross fixed capital formation was 712.14 million current US$ in 2004. ◆ Volatile
Gross fixed capital formation in Papua New Guinea, 1960–2004
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2004, gross fixed capital formation in Papua New Guinea stood at 712.14 million current US$.
That represents a change of up 10.9% on the previous year and down 31.2% over ten years.
Over the whole period, gross fixed capital formation in Papua New Guinea peaked at 1.06 billion current US$ in 1991 and was at its lowest, 30.69 million current US$, in 1961.
Papua New Guinea ranks 160th of 180 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 67.91 million current US$ | 30.69 million current US$ | 153.33 million current US$ | 10 |
| 1970s | 280.66 million current US$ | 184.91 million current US$ | 458.30 million current US$ | 10 |
| 1980s | 678.91 million current US$ | 446.76 million current US$ | 920.71 million current US$ | 10 |
| 1990s | 827.18 million current US$ | 420.80 million current US$ | 1.06 billion current US$ | 10 |
| 2000s | 661.51 million current US$ | 582.61 million current US$ | 718.93 million current US$ | 5 |
Countries ranked near Papua New Guinea
- 157 Equatorial Guinea 817.03 million current US$ compare
- 158 Lesotho 794.97 million current US$ compare
- 159 Eswatini 780.84 million current US$ compare
- 161 South Sudan 689.96 million current US$ compare
- 162 Belize 677.06 million current US$ compare
- 163 Guinea-Bissau 563.56 million current US$ 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 fixed capital formation in Papua New Guinea?
- Gross fixed capital formation in Papua New Guinea was 712.14 million current US$ in 2004, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Papua New Guinea?
- The highest recorded value was 1.06 billion current US$ in 1991.
- What is the lowest gross fixed capital formation recorded in Papua New Guinea?
- The lowest recorded value was 30.69 million current US$ in 1961.
- How does Papua New Guinea rank for gross fixed capital formation?
- Papua New Guinea ranks 160th out of 180 countries with data for 2004.
- Is gross fixed capital formation rising or falling in Papua New Guinea?
- Over the last ten years it is down 31.2%. 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 Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
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About this data
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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.