Papua New Guinea - Gross fixed capital formation (current LCU)

The value for Gross fixed capital formation (current LCU) in Papua New Guinea was 2,294,294,000 as of 2004. As the graph below shows, over the past 44 years this indicator reached a maximum value of 2,294,294,000 in 2004 and a minimum value of 27,400,000 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 local currency.

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

Year Value
1960 27,600,000
1961 27,400,000
1962 30,700,000
1963 37,800,000
1964 46,500,000
1965 58,400,000
1966 72,600,000
1967 81,100,000
1968 87,300,000
1969 136,900,000
1970 229,300,000
1971 258,899,900
1972 185,800,000
1973 130,200,000
1974 158,500,000
1975 175,000,000
1976 200,600,000
1977 239,300,000
1978 268,500,000
1979 326,200,100
1980 394,200,000
1981 450,700,000
1982 576,700,000
1983 636,899,900
1984 547,700,000
1985 446,900,100
1986 539,200,000
1987 551,200,000
1988 737,000,000
1989 790,700,000
1990 772,900,100
1991 1,010,100,000
1992 914,100,000
1993 900,800,000
1994 1,039,935,000
1995 1,210,167,000
1996 1,170,690,000
1997 1,081,792,000
1998 1,090,704,000
1999 1,068,417,000
2000 1,987,698,000
2001 2,199,837,000
2002 2,263,893,000
2003 2,281,217,000
2004 2,294,294,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts