Papua New Guinea: Capital investment, percent of GDP

The latest value from 2004 is 20 percent, an increase from 19.92 percent in 2003. In comparison, the world average is 23.12 percent, based on data from 160 countries. Historically, the average for Papua New Guinea from 1960 to 2004 is 22.55 percent. The minimum value, 13.13 percent, was reached in 1961 while the maximum of 42.76 percent was recorded in 1971. See the global rankings for that indicator or use the country comparator to compare trends over time.

The capital investment in Papua New Guinea and other countries is calculated as the purchases of new plant and equipment by firms, as percent of GDP. A high number is good for long-term economic growth as current investment leads to greater future production.

Definition: Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.