Papua New Guinea: Household consumption, in dollars

The latest value from 2004 is 2.02 billion U.S. dollars, an increase from 1.75 billion U.S. dollars in 2003. In comparison, the world average is 160.31 billion U.S. dollars, based on data from 160 countries. Historically, the average for Papua New Guinea from 1961 to 2004 is 1.33 billion U.S. dollars. The minimum value, 0.17 billion U.S. dollars, was reached in 1961 while the maximum of 2.99 billion U.S. dollars was recorded in 1997. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

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 U.S. dollars.