Final consumption expenditure in Papua New Guinea
Papua New Guinea: Final consumption expenditure was 10.5% in 2004. ◆ Volatile
Final consumption expenditure in Papua New Guinea, 1962–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2004, final consumption expenditure in Papua New Guinea stood at 10.5%.
Compared with earlier readings it is up 163.4% on the previous year and up 106.1% over ten years.
Over the whole period, final consumption expenditure in Papua New Guinea peaked at 20.8% in 1996 and was at its lowest, -21.1%, in 2000.
Papua New Guinea ranks 8th of 175 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Papua New Guinea, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1962 | 6.6% | — |
| 1963 | 3.4% | -47.9% |
| 1964 | 8.4% | +145.3% |
| 1965 | 10.3% | +22.3% |
| 1966 | 6.4% | -37.9% |
| 1967 | 4.5% | -29.8% |
| 1968 | 5.1% | +14.5% |
| 1969 | 6.0% | +17.4% |
| 1970 | 2.9% | -51.7% |
| 1971 | 3.7% | +25.8% |
| 1972 | 5.6% | +53.4% |
| 1973 | 2.1% | -61.7% |
| 1974 | 2.4% | +9.8% |
| 1975 | 1.9% | -21.3% |
| 1976 | -1.3% | -167.4% |
| 1977 | 3.4% | -374.2% |
| 1978 | 6.1% | +77.4% |
| 1979 | 0.9% | -84.8% |
| 1980 | 1.7% | +81.3% |
| 1981 | -1.0% | -162.0% |
| 1982 | -3.3% | +220.6% |
| 1983 | 1.0% | -131.2% |
| 1984 | 0.0% | -96.4% |
| 1985 | 6.7% | +17995.5% |
| 1986 | -2.3% | -133.9% |
| 1987 | 3.2% | -240.2% |
| 1988 | -0.2% | -106.5% |
| 1989 | 0.6% | -412.5% |
| 1990 | -10.6% | -1731.4% |
| 1991 | 9.4% | -188.9% |
| 1992 | 8.7% | -7.9% |
| 1993 | 6.2% | -28.7% |
| 1994 | 5.1% | -17.7% |
| 1995 | -14.6% | -388.0% |
| 1996 | 20.8% | -242.0% |
| 1997 | 9.7% | -53.2% |
| 1998 | -4.3% | -144.1% |
| 1999 | 0.2% | -104.3% |
| 2000 | -21.1% | -11503.2% |
| 2001 | -7.3% | -65.3% |
| 2002 | 20.3% | -377.4% |
| 2003 | -16.5% | -181.5% |
| 2004 | 10.5% | -163.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.3% | 3.4% | 10.3% | 8 |
| 1970s | 2.8% | -1.3% | 6.1% | 10 |
| 1980s | 0.6% | -3.3% | 6.7% | 10 |
| 1990s | 3.1% | -14.6% | 20.8% | 10 |
| 2000s | -2.8% | -21.1% | 20.3% | 5 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.47 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2029)
- Services, value added (current US$), annual growth rate -0.1907 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4196 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 1,222 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 7.13 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 1.62 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 4,709 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 5.24 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4174 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure in Papua New Guinea?
- Final consumption expenditure in Papua New Guinea was 10.5% in 2004, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Papua New Guinea?
- The highest recorded value was 20.8% in 1996.
- What is the lowest final consumption expenditure recorded in Papua New Guinea?
- The lowest recorded value was -21.1% in 2000.
- How does Papua New Guinea rank for final consumption expenditure?
- Papua New Guinea ranks 8th out of 175 countries with data for 2004.
- Is final consumption expenditure rising or falling in Papua New Guinea?
- Over the last ten years it is up 106.1%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.