Final consumption expenditure in Papua New Guinea
Papua New Guinea: Final consumption expenditure was 66.8% in 2004. ▼ Falling
Final consumption expenditure in Papua New Guinea, 1961–2004
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for final consumption expenditure in Papua New Guinea is 66.8%, measured in 2004.
That represents a change of up 3.2% on the previous year and up 2.9% over ten years.
Over the whole period, final consumption expenditure in Papua New Guinea peaked at 100.9% in 1966 and was at its lowest, 60.7%, in 1995.
That places Papua New Guinea 158th out of 188 countries with data for 2004, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 44 years of available data.
Final consumption expenditure in Papua New Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1961 | 98.7% | — |
| 1962 | 98.3% | -0.4% |
| 1963 | 97.6% | -0.7% |
| 1964 | 97.1% | -0.5% |
| 1965 | 98.3% | +1.2% |
| 1966 | 100.9% | +2.7% |
| 1967 | 100.5% | -0.5% |
| 1968 | 99.7% | -0.7% |
| 1969 | 97.9% | -1.8% |
| 1970 | 93.7% | -4.3% |
| 1971 | 93.5% | -0.3% |
| 1972 | 88.6% | -5.2% |
| 1973 | 75.0% | -15.3% |
| 1974 | 76.6% | +2.1% |
| 1975 | 87.2% | +13.9% |
| 1976 | 82.4% | -5.5% |
| 1977 | 79.4% | -3.7% |
| 1978 | 81.5% | +2.6% |
| 1979 | 77.3% | -5.1% |
| 1980 | 85.6% | +10.8% |
| 1981 | 92.7% | +8.3% |
| 1982 | 90.7% | -2.2% |
| 1983 | 87.8% | -3.2% |
| 1984 | 86.7% | -1.3% |
| 1985 | 90.5% | +4.4% |
| 1986 | 88.0% | -2.7% |
| 1987 | 86.0% | -2.3% |
| 1988 | 81.5% | -5.3% |
| 1989 | 88.9% | +9.1% |
| 1990 | 83.9% | -5.6% |
| 1991 | 82.5% | -1.7% |
| 1992 | 74.5% | -9.6% |
| 1993 | 66.7% | -10.6% |
| 1994 | 64.9% | -2.7% |
| 1995 | 60.7% | -6.4% |
| 1996 | 66.2% | +9.1% |
| 1997 | 79.8% | +20.5% |
| 1998 | 76.9% | -3.7% |
| 1999 | 73.4% | -4.5% |
| 2000 | 61.2% | -16.7% |
| 2001 | 64.0% | +4.6% |
| 2002 | 75.9% | +18.6% |
| 2003 | 64.7% | -14.8% |
| 2004 | 66.8% | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 98.8% | 97.1% | 100.9% | 9 |
| 1970s | 83.5% | 75.0% | 93.7% | 10 |
| 1980s | 87.8% | 81.5% | 92.7% | 10 |
| 1990s | 73.0% | 60.7% | 83.9% | 10 |
| 2000s | 66.5% | 61.2% | 75.9% | 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)
- Exports of goods and services (current LCU), annual growth rate 4.66 % change on previous year (2004)
- Exports of goods and services (current LCU), per unit of GDP 2.32 current LCU per US$ of GDP (2004)
- Exports of goods and services (current LCU), per capita 1,443 current LCU per person (2004)
- Gross fixed capital formation (current US$), annual growth rate 10.94 % change on previous year (2004)
- Gross fixed capital formation (current US$), per unit of GDP 0.1813 current US$ per US$ of GDP (2004)
- Gross fixed capital formation (current US$), per capita 112.54 current US$ per person (2004)
- Gross fixed capital formation (current LCU), per unit of GDP 0.5842 current LCU per US$ of GDP (2004)
- Gross fixed capital formation (current LCU), per capita 362.56 current LCU per person (2004)
Frequently asked questions
- What is final consumption expenditure in Papua New Guinea?
- Final consumption expenditure in Papua New Guinea was 66.8% 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 100.9% in 1966.
- What is the lowest final consumption expenditure recorded in Papua New Guinea?
- The lowest recorded value was 60.7% in 1995.
- How does Papua New Guinea rank for final consumption expenditure?
- Papua New Guinea ranks 158th 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 2.9%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.