Papua New Guinea - General government final consumption expenditure (current US$)

The latest value for General government final consumption expenditure (current US$) in Papua New Guinea was $601,417,400 as of 2004. Over the past 43 years, the value for this indicator has fluctuated between $1,225,777,000 in 1993 and $68,992,010 in 1961.

Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 $68,992,010
1962 $75,600,010
1963 $85,904,020
1964 $100,016,000
1965 $117,594,400
1966 $139,881,300
1967 $154,104,600
1968 $162,728,200
1969 $176,055,600
1970 $194,198,700
1971 $221,001,400
1972 $260,598,800
1973 $353,785,000
1974 $429,309,900
1975 $455,164,300
1976 $457,492,400
1977 $426,711,900
1978 $498,377,800
1979 $521,775,600
1980 $612,908,000
1981 $675,185,700
1982 $633,852,500
1983 $596,938,400
1984 $593,478,700
1985 $569,029,200
1986 $608,503,400
1987 $704,593,000
1988 $764,502,300
1989 $867,372,900
1990 $799,542,200
1991 $895,693,200
1992 $1,041,364,000
1993 $1,225,777,000
1994 $1,023,935,000
1995 $791,872,100
1996 $1,026,310,000
1997 $951,347,600
1998 $684,368,300
1999 $589,335,600
2000 $583,418,800
2001 $500,264,500
2002 $460,043,500
2003 $539,514,200
2004 $601,417,400

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts