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Papua New Guinea
Large Economies
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All Countries with 2008 gdp bil usd
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Armenia $12bBotswana $14bComoros $bEquatorial Gui $18bGuinea $5bJamaica $14bLibya $98bMontenegro $5bPapua New Guin $8bSeychelles $bSweden $486bUganda $14bEuro area $13,605b
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| Select Variable
GDP, constant prices Natl currency |
GDP, constant prices   *   % chg
GDP, current prices   *   Natl currency |
GDP, current prices   *   U.S. $s |
GDP, deflator Index, 2000=100
GDP per capita, constant pri Natl currency
GDP per capita, current pric Natl currency
GDP per capita, current pric U.S. $s
Output gap in percent of pot % of potential GDP
GDP based on PPP valuation o Current intl $ |
GDP based on PPP per capita Current intl $
GDP based on PPP share of wo %
Implied PPP conversion rate Natl currency/$
Total investment % of GDP
Gross national savings % of GDP
Inflation, average consumer Index
Inflation, average consumer % chg
Inflation, end of period con Index
Inflation, end of period con   *   % chg
Six-month London interbank o %
Volume of imports of goods a % chg
Volume of Imports of goods % chg
Volume of exports of goods a % chg
Volume of exports of goods % chg
Value of oil imports U.S. $s |
Value of oil exports U.S. $s |
Unemployment rate   *   % of total labor force
Employment Index, 2000=100
Population   *   Persons |
Govt revenue Natl currency |
Govt revenue % of GDP
Govt total expenditure Natl currency |
Govt total expenditure   *   % of GDP
Govt net lending/borrowing Natl currency |
Govt net lending/borrowing % of GDP
Govt structural balance Natl currency |
Govt structural balance % of potential GDP
Govt primary net lending/bor Natl currency |
Govt primary net lending/bor % of GDP
Govt net debt Natl currency |
Govt net debt % of GDP
Govt gross debt Natl currency |
Govt gross debt   *   % of GDP
GDP corresponding to fiscal Natl currency |
Current account balance U.S. $s |
Current account balance % of GDP
*_popular_variable.
  Papua New Guinea   PNG (f) = observation is an IMF forecast | 2012 Jul 19
  country cd     variable cd     variable   data for
all years
1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
1 PNG | 853 NGDP_R   GDP, constant prices National currency | Billions | 1980 2.118   1970-2011 3.344 3.700 3.791 4.119 4.278 4.314 4.244 4.062 4.307 4.386 4.284 4.333 4.369 4.519 4.475 4.635 4.897 5.032 5.179 5.105 4.952 5.425 6.175 7.299 7.733 7.467 7.960 7.455 7.804 7.948 7.753 7.750 7.905 8.252 8.299 8.625 8.823 9.454 10.08 10.70 11.51 12.53 13.49 (f) 14.03 (f) 15.12 (f) 18.05 (f) 19.02 (f) 19.96 (f)
2 PNG | 853 NGDP_RPCH   GDP, constant prices Percent change   1980-2011 10.64 2.461 8.659 3.856 0.8416 -1.620 -4.291 6.048 1.819 -2.309 1.149 0.8320 3.438 -0.9830 3.578 5.654 2.762 2.909 -1.424 -2.996 9.550 13.83 18.21 5.946 -3.446 6.599 -6.343 4.682 1.856 -2.455 -0.0450 2.008 4.388 0.5700 3.924 2.294 7.152 6.614 6.134 7.570 8.909 7.672 (f) 3.994 (f) 7.722 (f) 19.41 (f) 5.399 (f) 4.891 (f)
3 PNG | 853 NGDP   GDP, current prices National currency | Billions | 1980 0.995   1970-2011 0.5291 0.6067 0.6594 0.7758 0.9926 1.106 1.172 1.409 1.534 1.772 1.855 1.826 1.900 2.145 2.124 2.200 2.325 2.389 3.170 3.046 3.076 3.606 4.223 4.867 5.530 6.195 6.795 7.080 7.804 8.828 9.736 10.40 11.87 13.24 13.46 15.09 16.90 18.80 21.60 22.33 26.40 30.17 34.30 (f) 37.78 (f) 44.87 (f) 64.22 (f) 70.25 (f) 76.32 (f)
4 PNG | 853 NGDPD   GDP, current prices U.S. dollars | Billions | 1980 0.995   1970-2011 0.5928 0.6873 0.7897 1.102 1.425 1.448 1.478 1.781 2.165 2.491 2.767 2.716 2.576 2.572 2.376 2.200 2.394 2.631 3.657 3.559 3.220 3.787 4.378 4.975 5.503 4.636 5.155 4.937 3.789 3.477 3.521 3.081 3.055 3.726 4.178 4.866 5.528 6.341 8.000 8.105 9.885 12.66 15.39 (f) 16.11 (f) 18.19 (f) 24.80 (f) 25.89 (f) 26.89 (f)
5 PNG | 853 NGDP_D   GDP, deflator Index   1980-2011 15.82 16.40 17.40 18.84 23.21 25.64 27.61 34.70 35.61 40.41 43.31 42.14 43.48 47.47 47.47 47.47 47.47 47.47 61.21 59.66 62.12 66.46 68.39 66.68 71.51 82.96 85.37 94.97 100.00 111.07 125.57 134.15 150.18 160.46 162.17 175.00 191.51 198.88 214.32 208.75 229.38 240.71 254.16 (f) 269.21 (f) 296.86 (f) 355.81 (f) 369.27 (f) 382.48 (f)
6 PNG | 853 NGDPRPC   GDP per capita, constant prices National currency | Units | 1980 2.118   1970-2011 1381.40 1467.67 1468.91 1590.18 1619.99 1603.90 1543.38 1445.36 1500.74 1496.74 1447.24 1425.34 1404.86 1421.17 1376.88 1391.88 1440.30 1502.17 1501.06 1418.04 1317.64 1400.07 1477.03 1702.07 1756.98 1651.95 1715.50 1565.85 1598.18 1587.80 1511.37 1474.43 1468.23 1496.46 1469.73 1491.92 1490.99 1561.11 1626.65 1687.64 1771.11 1881.85 1976.81 (f) 2005.61 (f) 2107.79 (f) 2455.45 (f) 2524.90 (f) 2583.80 (f)
7 PNG | 853 NGDPPC   GDP per capita, current prices National currency | Units | 1980 0.995   1970-2011 218.63 240.62 255.54 299.60 376.09 411.31 426.13 501.72 534.55 605.07 626.76 600.66 610.87 674.65 653.63 660.75 683.74 713.10 918.81 846.03 818.50 930.52 1010.11 1134.92 1256.46 1370.51 1464.45 1487.08 1598.18 1763.55 1897.82 1977.94 2204.94 2401.24 2383.52 2610.93 2855.35 3104.79 3486.16 3522.95 4062.58 4529.84 5024.31 (f) 5399.26 (f) 6257.14 (f) 8736.73 (f) 9323.55 (f) 9882.49 (f)
8 PNG | 853 NGDPDPC   GDP per capita, current prices U.S. dollars | Units | 1980 0.995   1970-2011 244.89 272.84 306.06 425.52 539.91 538.42 537.53 634.01 754.66 850.35 934.90 893.30 828.30 808.84 730.94 660.78 704.00 785.27 1060.08 988.59 856.69 977.42 1047.18 1160.01 1250.18 1025.69 1111.15 1036.94 776.08 694.59 686.42 586.18 567.44 675.71 739.83 841.74 934.22 1047.02 1291.13 1278.68 1521.44 1900.27 2254.95 (f) 2303.03 (f) 2536.71 (f) 3374.15 (f) 3436.50 (f) 3481.89 (f)
9 PNG | 853 NGAP_NPGDP   Output gap in percent of potential GDP Percent of potential GDPno data
10 PNG | 853 PPPGDP   GDP based on PPP valuation of country GDP Current international dollar | Billions   1980-2011 2.576 2.850 3.049 3.278 3.368 3.594 3.881 4.104 4.369 4.469 4.502 5.107 5.951 7.190 7.778 7.667 8.328 7.938 8.403 8.685 8.655 8.847 9.171 9.774 10.40 10.24 10.81 11.92 12.99 13.93 15.16 16.86 18.39 (f) 19.41 (f) 21.22 (f) 25.75 (f) 27.58 (f) 29.49 (f)
11 PNG | 853 PPPPC   GDP based on PPP per capita GDP Current international dollar | Units   1980-2011 870.26 937.42 980.31 1030.91 1036.30 1079.30 1141.53 1225.12 1266.27 1241.41 1198.03 1318.09 1423.51 1676.65 1767.21 1696.18 1794.98 1667.33 1720.97 1734.95 1687.18 1683.14 1703.20 1772.46 1841.84 1770.91 1826.99 1968.41 2096.55 2198.11 2333.39 2532.20 2694.05 (f) 2774.61 (f) 2959.03 (f) 3502.44 (f) 3659.76 (f) 3817.98 (f)
12 PNG | 853 PPPSH   GDP based on PPP share of world total Percent   1980-2010 0.0230 0.0230 0.0230 0.0230 0.0220 0.0210 0.0220 0.0220 0.0210 0.0200 0.0190 0.0210 0.0210 0.0250 0.0250 0.0240 0.0240 0.0220 0.0220 0.0220 0.0200 0.0200 0.0200 0.0200 0.0200 0.0180 0.0180 0.0180 0.0190 0.0200 0.0200 0.0210 (f) 0.0220 (f) 0.0220 (f) 0.0230 (f) 0.0260 (f) 0.0260 (f) 0.0270 (f)
13 PNG | 853 PPPEX   Implied PPP conversion rate National currency per current international dollar   1980-2011 0.7200 0.6410 0.6230 0.6540 0.6310 0.6120 0.5990 0.5820 0.7260 0.6820 0.6830 0.7060 0.7100 0.6770 0.7110 0.8080 0.8160 0.8920 0.9290 1.016 1.125 1.175 1.295 1.355 1.294 1.474 1.563 1.577 1.663 1.603 1.741 1.789 1.865 (f) 1.946 (f) 2.115 (f) 2.494 (f) 2.548 (f) 2.588 (f)
14 PNG | 853 NID_NGDP   Total investment Percent of GDP   1980-2011 23.21 25.03 29.49 29.29 29.13 21.81 21.73 24.46 27.23 23.07 24.34 27.30 23.27 17.63 21.37 21.94 22.75 21.06 17.91 16.37 21.89 22.95 25.02 21.35 21.36 17.49 15.70 15.52 15.37 15.21 14.95 14.48 14.38 (f) 14.30 (f) 14.19 (f) 14.01 (f) 13.98 (f) 13.95 (f)
15 PNG | 853 NGSD_NGDP   Gross national savings Percent of GDP   1980-2011 5.893 6.024 6.612 10.47 9.211 8.490 16.08 12.69 18.34 12.99 21.58 23.40 22.42 30.43 34.26 43.29 27.98 13.40 17.13 18.22 27.92 27.58 23.67 26.07 23.67 23.56 23.32 18.58 27.34 7.933 6.504 -19.82 -16.08 (f) -7.526 (f) 2.814 (f) 19.53 (f) 19.04 (f) 20.16 (f)
16 PNG | 853 PCPI   Inflation, average consumer prices Index   1980-2011 56.81 61.39 64.79 69.91 75.09 77.88 82.13 84.87 89.49 93.50 100.00 106.97 111.58 117.13 120.47 141.28 157.72 163.94 186.22 214.02 247.40 270.38 302.28 346.77 354.12 360.57 369.12 372.48 412.55 441.09 467.64 507.15 541.82 (f) 578.30 (f) 616.67 (f) 656.98 (f) 699.68 (f) 745.16 (f)
17 PNG | 853 PCPIPCH   Inflation, average consumer prices Percent change   1980-2011 12.06 8.054 5.535 7.902 7.421 3.710 5.454 3.337 5.445 4.480 6.953 6.966 4.310 4.974 2.853 17.28 11.63 3.943 13.59 14.93 15.60 9.289 11.80 14.72 2.119 1.823 2.370 0.9110 10.76 6.919 6.019 8.448 6.836 (f) 6.734 (f) 6.635 (f) 6.536 (f) 6.500 (f) 6.500 (f)
18 PNG | 853 PCPIE   Inflation, end of period consumer prices Index   1983-2011 70.98 74.10 77.31 81.40 83.84 90.17 91.82 100.00 105.69 110.94 116.28 123.88 147.04 154.81 163.06 198.63 224.85 247.26 272.86 313.28 339.72 347.79 364.21 360.77 372.46 414.34 437.86 469.51 501.90 536.02 (f) 571.92 (f) 609.65 (f) 649.28 (f) 691.48 (f) 736.43 (f)
19 PNG | 853 PCPIEPCH   Inflation, end of period consumer prices Percent change   1984-2011 4.390 4.336 5.290 2.990 7.549 1.836 8.908 5.693 4.969 4.813 6.528 18.70 5.282 5.331 21.81 13.20 9.971 10.35 14.82 8.438 2.377 4.720 -0.9450 3.242 11.24 5.677 7.226 6.900 6.798 (f) 6.697 (f) 6.598 (f) 6.500 (f) 6.500 (f) 6.500 (f)
20 PNG | 853 FLIBOR6   Six-month London interbank offered rate (LIBOR) Percentno data
21 PNG | 853 TM_RPCH   Volume of imports of goods and services Percent change   1993-2011 -7.617 1.770 -7.743 20.64 19.97 -20.72 3.362 4.989 -10.92 -0.0500 1.243 13.87 32.07 1.950 21.95 -3.764 4.469 30.77 39.06 12.94 (f) -8.782 (f) -5.287 (f) -7.961 (f) 0.2880 (f) -8.362 (f)
22 PNG | 853 TMG_RPCH   Volume of Imports of goods Percent change   1980-2011 8.937 1.328 -13.46 0.0170 -8.885 -14.65 0.1010 16.66 15.85 -10.73 -26.73 22.03 3.926 -7.617 15.37 -16.44 28.85 16.30 -24.74 6.428 2.690 -9.196 1.181 -1.910 17.70 33.37 -22.04 23.27 9.601 -0.8470 20.48 51.19 4.657 (f) -8.773 (f) -5.289 (f) -3.755 (f) -0.4550 (f) -7.831 (f)
23 PNG | 853 TX_RPCH   Volume of exports of goods and services Percent change   1993-2011 2.511 -5.229 -3.683 -4.511 -17.32 11.55 9.589 -2.714 -0.6860 -20.87 15.47 -10.39 9.598 -9.671 -0.1290 3.658 -12.87 1.968 -2.406 8.057 (f) 1.894 (f) 13.01 (f) 70.78 (f) 2.933 (f) 0.6450 (f)
24 PNG | 853 TXG_RPCH   Volume of exports of goods Percent change   1980-2011 -8.903 4.450 2.765 0.3850 -1.343 0.6680 13.47 8.782 5.019 -1.923 -5.619 15.31 26.72 2.511 -3.766 -7.052 -8.071 -20.41 14.87 11.80 -2.405 -3.767 -16.64 14.66 -8.226 10.73 -9.194 -0.1220 3.670 -11.11 0.6580 -2.738 7.041 (f) 1.651 (f) 13.66 (f) 74.49 (f) 2.681 (f) 0.4960 (f)
25 PNG | 853 TMGO   Value of oil imports U.S. dollars | Billions   1980-2011 0.0450 0.0550 0.0500 0.0510 0.0440 0.0410 0.0250 0.0330 0.0340 0.0220 0.0250 0.0250 0.0300 0.0320 0.0270 0.0340 0.0260 0.0600 0.0390 0.0900 0.0130 0.0320 0.0340 0.0250 0.0280 0.0400 0.0340 0.0360 0.0370 0.0430 0.0410 0.0390 0.0370 (f) 0.0350 (f) 0.0330 (f) 0.0310 (f) 0.0300 (f) 0.0280 (f)
26 PNG | 853 TXGO   Value of oil exports U.S. dollars | Billions   1992-2011 0.2880 0.7700 0.6930 0.6360 0.8010 0.5390 0.3670 0.5510 0.7190 0.5180 0.3830 0.4330 0.4740 0.7100 0.9330 0.9820 1.184 0.6240 0.8220 0.7490 0.7230 (f) 0.5280 (f) 0.3700 (f) 0.2230 (f) 0.2150 (f) 0.1670 (f)
27 PNG | 853 LUR   Unemployment rate Percent of total labor forceno data
28 PNG | 853 LE   Employment Persons | Millionsno data
29 PNG | 853 LP   Population Persons | Millions   1980-2011 2.960 3.040 3.110 3.180 3.250 3.330 3.400 3.350 3.450 3.600 3.758 3.875 4.181 4.288 4.401 4.520 4.640 4.761 4.883 5.006 5.130 5.256 5.384 5.515 5.647 5.781 5.917 6.056 6.196 6.339 6.497 6.660 6.826 (f) 6.997 (f) 7.172 (f) 7.351 (f) 7.535 (f) 7.723 (f)
30 PNG | 853 GGR   Govt revenue National currency | Billions   1983-2011 0.6280 0.7190 0.7380 0.7870 0.8380 0.9050 1.014 1.016 1.152 1.144 1.332 1.484 1.652 1.956 2.206 2.275 2.527 2.966 3.087 3.237 3.664 4.315 5.307 6.288 7.008 7.041 6.097 8.261 9.405 10.00 (f) 10.85 (f) 11.68 (f) 13.23 (f) 14.54 (f) 16.03 (f)
31 PNG | 853 GGR_NGDP   Govt revenue Percent of GDP   1990-2011 33.01 31.94 27.09 27.36 26.83 26.67 28.79 31.16 29.15 28.63 30.47 29.70 27.27 27.67 32.06 35.16 37.22 37.27 32.59 27.30 31.30 31.18 29.17 (f) 28.72 (f) 26.02 (f) 20.60 (f) 20.70 (f) 21.00 (f)
32 PNG | 853 GGX   Govt total expenditure National currency | Billions   1983-2011 0.7600 0.7910 0.8390 0.9140 0.8690 0.9360 1.049 1.164 1.245 1.484 1.767 1.645 1.633 1.840 2.245 2.410 2.919 3.071 3.457 3.712 3.811 4.104 4.898 5.184 5.325 6.498 8.238 7.496 9.174 10.83 (f) 11.59 (f) 12.40 (f) 13.05 (f) 13.96 (f) 14.89 (f)
33 PNG | 853 GGX_NGDP   Govt total expenditure Percent of GDP   1990-2011 37.83 34.52 35.14 36.31 29.74 26.36 27.09 31.70 30.88 33.07 31.54 33.25 31.27 28.78 30.49 32.45 30.68 28.32 30.08 36.89 28.40 30.41 31.57 (f) 30.67 (f) 27.63 (f) 20.32 (f) 19.87 (f) 19.51 (f)
34 PNG | 853 GGXCNL   Govt net lending/borrowing National currency | Billions   1983-2011 -0.1320 -0.0720 -0.1000 -0.1270 -0.0310 -0.0310 -0.0350 -0.1480 -0.0930 -0.3400 -0.4360 -0.1610 0.0190 0.1160 -0.0380 -0.1350 -0.3920 -0.1050 -0.3700 -0.4760 -0.1470 0.2110 0.4080 1.104 1.683 0.5430 -2.141 0.7650 0.2300 -0.8220 (f) -0.7380 (f) -0.7200 (f) 0.1780 (f) 0.5810 (f) 1.134 (f)
35 PNG | 853 GGXCNL_NGDP   Govt net lending/borrowing Percent of GDP   1990-2011 -4.811 -2.579 -8.054 -8.949 -2.916 0.3100 1.708 -0.5420 -1.732 -4.437 -1.076 -3.554 -4.006 -1.109 1.565 2.704 6.535 8.953 2.512 -9.588 2.897 0.7640 -2.398 (f) -1.954 (f) -1.604 (f) 0.2770 (f) 0.8270 (f) 1.485 (f)
36 PNG | 853 GGSB   Govt structural balance National currency | Billionsno data
37 PNG | 853 GGSB_NPGDP   Govt structural balance Percent of potential GDPno data
38 PNG | 853 GGXONLB   Govt primary net lending/borrowing National currency | Billionsno data
39 PNG | 853 GGXONLB_NGDP   Govt primary net lending/borrowing Percent of GDPno data
40 PNG | 853 GGXWDN   Govt net debt National currency | Billionsno data
41 PNG | 853 GGXWDN_NGDP   Govt net debt Percent of GDPno data
42 PNG | 853 GGXWDG   Govt gross debt National currency | Billionsno data
43 PNG | 853 GGXWDG_NGDP   Govt gross debt Percent of GDPno data
44 PNG | 853 NGDP_FY   GDP corresponding to fiscal year, current prices National currency | Billions   1990-2011 3.076 3.606 4.223 4.867 5.530 6.195 6.795 7.080 7.804 8.828 9.736 10.40 11.87 13.24 13.46 15.09 16.90 18.80 21.60 22.33 26.40 30.17 34.30 (f) 37.78 (f) 44.87 (f) 64.22 (f) 70.25 (f) 76.32 (f)
45 PNG | 853 BCA   Current account balance U.S. dollars | Billions   1980-2011 -0.2300 -0.4100 -0.2990 -0.3750 -0.3210 -0.1500 -0.1050 -0.2150 -0.3370 -0.3550 -0.0920 -0.1520 0.0780 0.6370 0.7090 0.9900 0.2700 -0.3780 -0.0300 0.0640 0.2120 0.1420 -0.0410 0.1760 0.0970 0.2960 0.4210 0.1940 0.9580 -0.5900 -0.8340 -4.341 -4.688 (f) -3.517 (f) -2.069 (f) 1.370 (f) 1.310 (f) 1.671 (f)
46 PNG | 853 BCA_NGDPD   Current account balance Percent of GDP   1980-2011 -8.312 -15.10 -11.62 -14.57 -13.51 -6.803 -4.399 -8.158 -9.201 -9.983 -2.861 -4.005 1.790 12.80 12.89 21.35 5.235 -7.655 -0.7820 1.847 6.030 4.624 -1.344 4.720 2.313 6.077 7.623 3.060 11.98 -7.274 -8.442 -34.31 -30.46 (f) -21.83 (f) -11.38 (f) 5.521 (f) 5.059 (f) 6.214 (f)
    NOTES
    1GDP, constant prices : Expressed in billions of national currency units; the base year is country-specific. Expenditure-based GDP is total final expenditures at purchasers? prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993] Source: National Statistical Office and MOF Latest actual data: 2011 National accounts manual used: SNA 1993 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 1998 Chain-weighted: No Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    2GDP, constant prices : See notes for: Gross domestic product, constant prices (National currency).
    3GDP, current prices : Expressed in billions of national currency units . Expenditure-based GDP is total final expenditures at purchasers? prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993] Source: National Statistical Office and MOF Latest actual data: 2011 National accounts manual used: SNA 1993 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 1998 Chain-weighted: No Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    4GDP, current prices : See notes for: Gross domestic product, current prices (National currency).
    5GDP, deflator : See notes for: Gross domestic product, constant prices (National currency) Gross domestic product, current prices (National currency).
    6GDP per capita, constant prices : GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population. See notes for: Gross domestic product, constant prices (National currency) Population (Persons).
    7GDP per capita, current prices : GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population. See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    8GDP per capita, current prices : GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population. See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    10GDP based on PPP valuation of country GDP : See notes for: Gross domestic product, current prices (National currency).
    11GDP based on PPP per capita GDP : See notes for: Gross domestic product, current prices (National currency) Population (Persons).
    12GDP based on PPP share of world total : These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23. See notes for: Gross domestic product, current prices (National currency).
    13Implied PPP conversion rate : Expressed in national currency per current international dollar. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23. See notes for: Gross domestic product, current prices (National currency).
    14Total investment : Source: National Statistical Office and MOF Latest actual data: 2011 National accounts manual used: SNA 1993 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 1998 Chain-weighted: No Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    15Gross national savings : Source: National Statistical Office and MOF Latest actual data: 2011 National accounts manual used: SNA 1993 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 1998 Chain-weighted: No Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    16Inflation, average consumer prices : Expressed in averages for the year, not end-of-period data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers? incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF.] Source: National Statistical Office Latest actual data: 2011 Harmonized prices: No Frequency of source data: Quarterly Base year: 1990 Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    17Inflation, average consumer prices : See notes for: Inflation, average consumer prices (Index).
    18Inflation, end of period consumer prices : Expressed in end of the period, not annual average data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers? incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF. Source: National Statistical Office Latest actual data: 2011 Harmonized prices: No Frequency of source data: Quarterly Base year: 1990 Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    19Inflation, end of period consumer prices : See notes for: Inflation, end of period consumer prices (Index).
    21Volume of imports of goods and services : Source: Ministry of Finance Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Laspeyres-type Chain-weighted: No Trade System: Oil coverage: Primary or unrefined products;Secondary or refined products;. Series spliced. Current working data starts in 1994. Oil imports data currently unavailable priort to 1994. Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF)
    22Volume of Imports of goods : Source: Ministry of Finance Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Laspeyres-type Chain-weighted: No Trade System: Oil coverage: Primary or unrefined products;Secondary or refined products;. Series spliced. Current working data starts in 1994. Oil imports data currently unavailable priort to 1994. Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF)
    23Volume of exports of goods and services : Source: Ministry of Finance Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Laspeyres-type Chain-weighted: No Trade System: Oil coverage: Primary or unrefined products;Secondary or refined products;. Series spliced. Current working data starts in 1994. Oil imports data currently unavailable priort to 1994. Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF)
    24Volume of exports of goods : Source: Ministry of Finance Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Laspeyres-type Chain-weighted: No Trade System: Oil coverage: Primary or unrefined products;Secondary or refined products;. Series spliced. Current working data starts in 1994. Oil imports data currently unavailable priort to 1994. Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF)
    25Value of oil imports : Value is equal to the price per unit of quantity of oil imports multiplied by the number of quantity units. Source: Ministry of Finance Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Laspeyres-type Chain-weighted: No Trade System: Oil coverage: Primary or unrefined products;Secondary or refined products;. Series spliced. Current working data starts in 1994. Oil imports data currently unavailable priort to 1994. Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF)
    26Value of oil exports : Value is equal to the price per unit of quantity of oil exports multiplied by the number of quantity units. Source: Ministry of Finance Latest actual data: 2011 Base year: 2005 Methodology used to derive volumes: Weighted average of volume changes Formula used to derive volumes: Laspeyres-type Chain-weighted: No Trade System: Oil coverage: Primary or unrefined products;Secondary or refined products;. Series spliced. Current working data starts in 1994. Oil imports data currently unavailable priort to 1994. Valuation of exports: Free on board (FOB) Valuation of imports: Cost, insurance, freight (CIF)
    29Population : For census purposes, the total population of the country consists of all persons falling within the scope of the census. In the broadest sense, the total may comprise either all usual residents of the country or all persons present in the country at the time of the census. [Principles and Recommendations for Population and Housing Censuses, Revision 1, paragraph 2.42] Source: Ministry of Finance Latest actual data: 2011 Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    30Govt revenue : Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Current market value Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    31Govt revenue : Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. See notes for: General government revenue (National currency).
    32Govt total expenditure : Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Current market value Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    33Govt total expenditure : Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. See notes for: General government total expenditure (National currency).
    34Govt net lending/borrowing : Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities. Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Current market value Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    35Govt net lending/borrowing : Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities. See notes for: General government net lending/borrowing (National currency).
    44GDP corresponding to fiscal year, current prices : Gross domestic product corresponding to fiscal year is the country?s GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country?s GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices. Source: Ministry of Finance Latest actual data: 2011 Start/end months of reporting year: January/December GFS Manual used: 1986 Basis of recording: Cash General government includes: Central Government; Valuation of public debt: Current market value Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    45Current account balance : Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income. Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries. Source: Central Bank. Some Treasury data as well Latest actual data: 2011 BOP Manual used: Primary domestic currency: Papua New Guinea kina Data last updated: 03/2012
    46Current account balance : See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).