Papua New Guinea - Gross fixed capital formation (% of GDP)

Gross fixed capital formation (% of GDP) in Papua New Guinea was 18.13 as of 2004. Its highest value over the past 44 years was 40.86 in 1971, while its lowest value was 12.10 in 1999.

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.

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

See also:

Year Value
1960 13.41
1961 12.53
1962 13.16
1963 15.34
1964 17.06
1965 19.00
1966 20.80
1967 20.56
1968 20.15
1969 27.81
1970 39.78
1971 40.86
1972 25.91
1973 14.23
1974 15.50
1975 16.89
1976 16.74
1977 18.43
1978 19.44
1979 19.98
1980 23.08
1981 26.81
1982 32.97
1983 29.73
1984 23.88
1985 18.44
1986 20.96
1987 19.31
1988 23.25
1989 25.96
1990 25.13
1991 28.01
1992 21.65
1993 18.51
1994 18.80
1995 19.54
1996 17.23
1997 15.28
1998 13.98
1999 12.10
2000 20.42
2001 21.16
2002 19.42
2003 18.15
2004 18.13

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts