Final consumption expenditure in Papua New Guinea
Papua New Guinea: Final consumption expenditure was 2.62 billion current US$ in 2004. ◆ Volatile
Final consumption expenditure in Papua New Guinea, 1961–2004
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Papua New Guinea is 2.62 billion current US$, measured in 2004.
The figure is up 14.6% on the previous year and down 26.6% over ten years.
Over the whole period, final consumption expenditure in Papua New Guinea peaked at 3.94 billion current US$ in 1997 and was at its lowest, 241.58 million current US$, in 1961.
Papua New Guinea ranks 168th of 188 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Papua New Guinea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1961 | 241.58 million current US$ | — |
| 1962 | 256.82 million current US$ | +6.3% |
| 1963 | 269.36 million current US$ | +4.9% |
| 1964 | 296.46 million current US$ | +10.1% |
| 1965 | 338.24 million current US$ | +14.1% |
| 1966 | 394.58 million current US$ | +16.7% |
| 1967 | 443.74 million current US$ | +12.5% |
| 1968 | 483.95 million current US$ | +9.1% |
| 1969 | 539.95 million current US$ | +11.6% |
| 1970 | 605.02 million current US$ | +12.1% |
| 1971 | 670.97 million current US$ | +10.9% |
| 1972 | 760.80 million current US$ | +13.4% |
| 1973 | 974.42 million current US$ | +28.1% |
| 1974 | 1.12 billion current US$ | +15.3% |
| 1975 | 1.18 billion current US$ | +5.3% |
| 1976 | 1.25 billion current US$ | +5.3% |
| 1977 | 1.30 billion current US$ | +4.5% |
| 1978 | 1.59 billion current US$ | +21.8% |
| 1979 | 1.77 billion current US$ | +11.7% |
| 1980 | 2.18 billion current US$ | +22.9% |
| 1981 | 2.32 billion current US$ | +6.3% |
| 1982 | 2.15 billion current US$ | -7.3% |
| 1983 | 2.25 billion current US$ | +4.8% |
| 1984 | 2.21 billion current US$ | -1.6% |
| 1985 | 2.19 billion current US$ | -0.9% |
| 1986 | 2.33 billion current US$ | +6.3% |
| 1987 | 2.70 billion current US$ | +16.0% |
| 1988 | 2.98 billion current US$ | +10.2% |
| 1989 | 3.15 billion current US$ | +5.8% |
| 1990 | 2.70 billion current US$ | -14.3% |
| 1991 | 3.12 billion current US$ | +15.7% |
| 1992 | 3.26 billion current US$ | +4.5% |
| 1993 | 3.32 billion current US$ | +1.6% |
| 1994 | 3.57 billion current US$ | +7.6% |
| 1995 | 2.82 billion current US$ | -21.1% |
| 1996 | 3.42 billion current US$ | +21.3% |
| 1997 | 3.94 billion current US$ | +15.4% |
| 1998 | 2.91 billion current US$ | -26.1% |
| 1999 | 2.55 billion current US$ | -12.4% |
| 2000 | 2.15 billion current US$ | -15.6% |
| 2001 | 1.97 billion current US$ | -8.5% |
| 2002 | 2.28 billion current US$ | +15.5% |
| 2003 | 2.29 billion current US$ | +0.5% |
| 2004 | 2.62 billion current US$ | +14.6% |
Papua New Guinea compared with similar countries
- Papua New Guinea's 2.62 billion current US$ is below the median for lower middle income countries, which is 23.88 billion current US$, 11% of the median. (45 countries reporting)
- Papua New Guinea's 2.62 billion current US$ is below the median for East Asia & Pacific, which is 16.77 billion current US$, 16% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 362.74 million current US$ | 241.58 million current US$ | 539.95 million current US$ | 9 |
| 1970s | 1.12 billion current US$ | 605.02 million current US$ | 1.77 billion current US$ | 10 |
| 1980s | 2.45 billion current US$ | 2.15 billion current US$ | 3.15 billion current US$ | 10 |
| 1990s | 3.16 billion current US$ | 2.55 billion current US$ | 3.94 billion current US$ | 10 |
| 2000s | 2.26 billion current US$ | 1.97 billion current US$ | 2.62 billion current US$ | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 769.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 72.76 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -198.32 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -557.97 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0064 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -18.75 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.93 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Papua New Guinea?
- Final consumption expenditure in Papua New Guinea was 2.62 billion current US$ in 2004, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Papua New Guinea?
- The highest recorded value was 3.94 billion current US$ in 1997.
- What is the lowest final consumption expenditure recorded in Papua New Guinea?
- The lowest recorded value was 241.58 million current US$ in 1961.
- How does Papua New Guinea rank for final consumption expenditure?
- Papua New Guinea ranks 168th 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 down 26.6%. 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 indicator is expressed in United States dollars.