Papua New Guinea - Gross fixed capital formation (constant LCU)
The value for Gross fixed capital formation (constant LCU) in Papua New Guinea was 1,712,489,000 as of 2004. As the graph below shows, over the past 44 years this indicator reached a maximum value of 2,243,848,000 in 1971 and a minimum value of 287,723,300 in 1960.
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 constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 287,723,300 |
| 1961 | 299,212,200 |
| 1962 | 321,690,600 |
| 1963 | 412,603,200 |
| 1964 | 541,479,200 |
| 1965 | 719,560,200 |
| 1966 | 782,748,900 |
| 1967 | 845,189,500 |
| 1968 | 890,069,000 |
| 1969 | 1,306,248,000 |
| 1970 | 2,092,993,000 |
| 1971 | 2,243,848,000 |
| 1972 | 1,510,551,000 |
| 1973 | 965,074,500 |
| 1974 | 993,047,700 |
| 1975 | 927,110,900 |
| 1976 | 843,440,700 |
| 1977 | 901,385,100 |
| 1978 | 980,809,200 |
| 1979 | 1,133,163,000 |
| 1980 | 1,278,274,000 |
| 1981 | 1,310,244,000 |
| 1982 | 1,545,268,000 |
| 1983 | 1,590,724,000 |
| 1984 | 1,282,770,000 |
| 1985 | 975,814,200 |
| 1986 | 1,145,901,000 |
| 1987 | 1,131,165,000 |
| 1988 | 1,428,880,000 |
| 1989 | 1,465,096,000 |
| 1990 | 1,331,473,000 |
| 1991 | 1,630,436,000 |
| 1992 | 1,503,808,000 |
| 1993 | 1,372,933,000 |
| 1994 | 1,458,352,000 |
| 1995 | 1,464,845,000 |
| 1996 | 1,348,956,000 |
| 1997 | 1,150,397,000 |
| 1998 | 1,090,704,000 |
| 1999 | 1,033,707,000 |
| 2000 | 1,784,393,000 |
| 2001 | 1,887,118,000 |
| 2002 | 1,833,846,000 |
| 2003 | 1,720,752,000 |
| 2004 | 1,712,489,000 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
