Papua New Guinea - Household final consumption expenditure (current LCU)

The value for Household final consumption expenditure (current LCU) in Papua New Guinea was 6,508,853,000 as of 2004. As the graph below shows, over the past 43 years this indicator reached a maximum value of 7,059,549,000 in 2002 and a minimum value of 154,100,000 in 1961.

Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current local currency.

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

Year Value
1961 154,100,000
1962 161,800,000
1963 163,800,000
1964 175,400,000
1965 197,000,000
1966 227,400,000
1967 258,600,100
1968 286,800,100
1969 324,899,800
1970 366,800,100
1971 397,199,900
1972 417,699,800
1973 436,999,900
1974 483,500,000
1975 556,199,900
1976 625,100,000
1977 693,100,000
1978 771,800,100
1979 890,600,200
1980 1,051,300,000
1981 1,104,200,000
1982 1,118,000,000
1983 1,382,400,000
1984 1,455,500,000
1985 1,624,500,000
1986 1,673,500,000
1987 1,815,000,000
1988 1,919,600,000
1989 1,961,900,000
1990 1,816,300,000
1991 2,121,300,000
1992 2,143,700,000
1993 2,045,600,000
1994 2,558,210,000
1995 2,703,503,000
1996 3,148,783,000
1997 4,287,837,000
1998 4,589,405,000
1999 4,983,781,000
2000 4,342,676,000
2001 4,962,273,000
2002 7,059,549,000
2003 6,212,524,000
2004 6,508,853,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts