Papua New Guinea: Capital investment, in dollars

The latest value from 2004 is 0.79 billion U.S. dollars, an increase from 0.7 billion U.S. dollars in 2003. In comparison, the world average is 64.16 billion U.S. dollars, based on data from 161 countries. Historically, the average for Papua New Guinea from 1960 to 2004 is 0.53 billion U.S. dollars. The minimum value, 0.03 billion U.S. dollars, was reached in 1960 while the maximum of 1.18 billion U.S. dollars was recorded in 1994. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: 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. Data are in current U.S. dollars.