Papua New Guinea - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in Papua New Guinea was 15.31 as of 2004. Its highest value over the past 43 years was 35.78 in 1966, while its lowest value was 15.26 in 2003.

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.

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

See also:

Year Value
1961 28.18
1962 28.95
1963 31.13
1964 32.76
1965 34.17
1966 35.78
1967 34.89
1968 33.54
1969 31.94
1970 30.08
1971 30.79
1972 30.34
1973 27.23
1974 29.26
1975 33.55
1976 30.26
1977 26.01
1978 25.58
1979 22.75
1980 24.07
1981 27.03
1982 26.76
1983 23.30
1984 23.25
1985 23.48
1986 22.98
1987 22.41
1988 20.91
1989 24.46
1990 24.83
1991 23.65
1992 23.79
1993 24.64
1994 18.61
1995 17.08
1996 19.91
1997 19.27
1998 18.06
1999 16.95
2000 16.57
2001 16.24
2002 15.34
2003 15.26
2004 15.31

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: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts