Papua New Guinea - Gross capital formation (annual % growth)

The value for Gross capital formation (annual % growth) in Papua New Guinea was 0.02 as of 2004. As the graph below shows, over the past 43 years this indicator reached a maximum value of 60.21 in 1970 and a minimum value of -36.69 in 1973.

Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include 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. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." 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
1961 3.99
1962 7.51
1963 28.26
1964 31.23
1965 32.89
1966 19.44
1967 6.66
1968 5.31
1969 45.15
1970 60.21
1971 7.60
1972 -32.16
1973 -36.69
1974 5.61
1975 -0.96
1976 -9.64
1977 7.87
1978 2.76
1979 22.66
1980 4.25
1981 -4.19
1982 13.24
1983 4.46
1984 -8.48
1985 -28.10
1986 4.84
1987 9.86
1988 41.09
1989 -23.98
1990 0.62
1991 22.99
1992 3.56
1993 -21.23
1994 32.92
1995 -1.21
1996 10.39
1997 -9.16
1998 -14.51
1999 0.07
2000 36.84
2001 6.98
2002 -2.25
2003 -5.61
2004 0.02

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts