Final consumption expenditure (current LCU) in Papua New Guinea
Papua New Guinea: Final consumption expenditure (current LCU) was 8.45 billion current LCU in 2004. ◆ Volatile
Final consumption expenditure in Papua New Guinea, 1961–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2004, final consumption expenditure in Papua New Guinea stood at 8.45 billion current LCU.
The figure is up 3.9% on the previous year and up 135.4% over ten years.
Over the whole period, final consumption expenditure in Papua New Guinea peaked at 8.85 billion current LCU in 2002 and was at its lowest, 215.70 million current LCU, in 1961.
That places Papua New Guinea 174th out of 188 countries with data for 2004, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current LCU) in Papua New Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1961 | 215.70 million current LCU | — |
| 1962 | 229.30 million current LCU | +6.3% |
| 1963 | 240.50 million current LCU | +4.9% |
| 1964 | 264.70 million current LCU | +10.1% |
| 1965 | 302.00 million current LCU | +14.1% |
| 1966 | 352.30 million current LCU | +16.7% |
| 1967 | 396.20 million current LCU | +12.5% |
| 1968 | 432.10 million current LCU | +9.1% |
| 1969 | 482.10 million current LCU | +11.6% |
| 1970 | 540.20 million current LCU | +12.1% |
| 1971 | 592.30 million current LCU | +9.6% |
| 1972 | 635.30 million current LCU | +7.3% |
| 1973 | 686.10 million current LCU | +8.0% |
| 1974 | 782.60 million current LCU | +14.1% |
| 1975 | 903.90 million current LCU | +15.5% |
| 1976 | 987.80 million current LCU | +9.3% |
| 1977 | 1.03 billion current LCU | +4.4% |
| 1978 | 1.13 billion current LCU | +9.1% |
| 1979 | 1.26 billion current LCU | +12.2% |
| 1980 | 1.46 billion current LCU | +15.9% |
| 1981 | 1.56 billion current LCU | +6.6% |
| 1982 | 1.59 billion current LCU | +1.8% |
| 1983 | 1.88 billion current LCU | +18.6% |
| 1984 | 1.99 billion current LCU | +5.7% |
| 1985 | 2.19 billion current LCU | +10.3% |
| 1986 | 2.26 billion current LCU | +3.2% |
| 1987 | 2.45 billion current LCU | +8.4% |
| 1988 | 2.58 billion current LCU | +5.2% |
| 1989 | 2.71 billion current LCU | +4.8% |
| 1990 | 2.58 billion current LCU | -4.7% |
| 1991 | 2.97 billion current LCU | +15.3% |
| 1992 | 3.15 billion current LCU | +5.9% |
| 1993 | 3.24 billion current LCU | +3.1% |
| 1994 | 3.59 billion current LCU | +10.6% |
| 1995 | 3.76 billion current LCU | +4.9% |
| 1996 | 4.50 billion current LCU | +19.7% |
| 1997 | 5.65 billion current LCU | +25.6% |
| 1998 | 6.00 billion current LCU | +6.1% |
| 1999 | 6.48 billion current LCU | +8.0% |
| 2000 | 5.96 billion current LCU | -8.1% |
| 2001 | 6.65 billion current LCU | +11.7% |
| 2002 | 8.85 billion current LCU | +33.0% |
| 2003 | 8.13 billion current LCU | -8.1% |
| 2004 | 8.45 billion current LCU | +3.9% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 8.45 billion current LCU is below the median for lower middle income countries, which is 1.32 trillion current LCU, 1% of the median. (45 countries reporting)
- Papua New Guinea's 8.45 billion current LCU is below the median for East Asia & Pacific, which is 737.40 billion current LCU, 1% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 323.88 million current LCU | 215.70 million current LCU | 482.10 million current LCU | 9 |
| 1970s | 854.61 million current LCU | 540.20 million current LCU | 1.26 billion current LCU | 10 |
| 1980s | 2.07 billion current LCU | 1.46 billion current LCU | 2.71 billion current LCU | 10 |
| 1990s | 4.19 billion current LCU | 2.58 billion current LCU | 6.48 billion current LCU | 10 |
| 2000s | 7.61 billion current LCU | 5.96 billion current LCU | 8.85 billion current LCU | 5 |
Countries ranked near Papua New Guinea
More economy & growth data for Papua New Guinea
- Real gdp growth, annual growth rate 2.02 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -52.52 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.09 units per person (2025)
- SDRs holdings, SDR, annual growth rate -51.15 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0003 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.7945 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 40.57 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Papua New Guinea?
- Final consumption expenditure in Papua New Guinea was 8.45 billion current LCU 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 8.85 billion current LCU in 2002.
- What is the lowest final consumption expenditure recorded in Papua New Guinea?
- The lowest recorded value was 215.70 million current LCU in 1961.
- How does Papua New Guinea rank for final consumption expenditure?
- Papua New Guinea ranks 174th out of 188 countries with data for 2004.
- Is final consumption expenditure rising or falling in Papua New Guinea?
- Over the last ten years it is up 135.4%. 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 (current LCU). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.