Gross capital formation as a share of GDP reached 0.200 % in 2004 in Papua New Guinea, according to the National Statistical Office. This is 0.401 % more than in the previous year.
Historically, gross capital formation as a share of GDP in Papua New Guinea reached an all time high of 0.428 % in 1971 and an all time low of 0.131 % in 1961. When compared to Papua New Guinea's main peers, gross capital formation as a share of GDP in Australia amounted to 0.271 %, 0.241 % in Indonesia, 0.253 % in New Zealand and 0.216 % in Philippines in 2004.
Papua New Guinea has been ranked 125th within the group of 175 countries we follow in terms of gross capital formation as a share of GDP, 39 places behind the position seen 10 years ago.
Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises), less disposals of fixed assets.