Papua New Guinea - Gross fixed capital formation (current US$)

The latest value for Gross fixed capital formation (current US$) in Papua New Guinea was $712,137,700 as of 2004. Over the past 44 years, the value for this indicator has fluctuated between $1,061,029,000 in 1991 and $30,688,000 in 1961.

Definition: Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $30,912,000
1961 $30,688,000
1962 $34,384,000
1963 $42,336,010
1964 $52,080,010
1965 $65,404,860
1966 $81,308,100
1967 $90,827,640
1968 $97,771,300
1969 $153,320,600
1970 $256,803,700
1971 $293,271,300
1972 $222,515,000
1973 $184,916,900
1974 $227,501,100
1975 $229,087,600
1976 $253,027,200
1977 $302,375,600
1978 $378,755,800
1979 $458,274,900
1980 $587,569,000
1981 $669,687,900
1982 $780,907,300
1983 $761,750,800
1984 $609,503,700
1985 $446,766,100
1986 $555,075,100
1987 $607,115,300
1988 $849,959,600
1989 $920,703,300
1990 $808,962,300
1991 $1,061,029,000
1992 $947,646,700
1993 $920,686,800
1994 $1,034,761,000
1995 $905,677,800
1996 $888,231,900
1997 $754,335,400
1998 $529,648,000
1999 $420,802,500
2000 $718,930,200
2001 $651,938,900
2002 $582,606,700
2003 $641,927,200
2004 $712,137,700

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts