Papua New Guinea
Statistical Appendix

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Abstract

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Table 1.

Papua New Guinea: Selected Economic Indicators, 1992–96

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Sources: Data provided by the Papua New Guinea authorities; and staff estimates and projections.

Excludes loans to the commodity stabilization funds.

As of October 31,1996.

Percent change from 12 months earlier, based on the IMF Information Notice System.

As of end-September 1996.

Table 2.

Papua New Guinea: Gross Domestic Product by Expenditure at Current Market Prices, 1992–96

(In millions of kina)

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Sources: National Statistical Office; Bank of Papua New Guinea; and Department of Finance.

Gross domestic product is estimated for 1994-96 on an expenditure basis in this table, while in Table 4, it is estimated on a sectoral basis. Hence, these two estimates may differ.

Table 3.

Papua New Guinea: Gross Domestic Product by Expenditure at Constant 1983 Prices, 1992–96

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Sources: National Statistical Office; and Department of Finance.

National accounts data has not been published by the National Statistical Office since 1993. Estimates for 1994 and 1995 are expected to be published in 1997.

Table 4.

Papua New Guinea: Contribution to GDP by Sector at Current Market Prices, 1992–96

(In millions of kina)

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Sources: Bank of Papua New Guinea; and National Statistical Office.

Gross domestic product is estimated for 1994-96 on a sectoral basis in this table, while in Table 1, it is estimated cm an expenditure basis. Hence, these two estimates may differ.

The staff estimate for gross domestic product for 1996, which is used to calculate ratios to GDP in the tables, differs slightly from the authorities’ projection.

Table 5.

Papua New Guinea: Contribution to GDP by Sector at Constant 1983 Prices, 1992–96

(In millions of kina)

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Sources: Bank of Papua New Guinea; National Statistical Office; and staff estimates.
Table 6.

Papua New Guinea: Employment Classified by Sector, 1992–96

(June 1988 = 100)

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Source: Quarterly Economic Bulletin, Bank of Papua New Guinea, Table 10.6.

Not included in overall index; excludes subcontractors.

Table 7.

Papua New Guinea: Minimum Wage Rates, 1992–96

(In kina per week)

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Source: Quarterly Economic Bulletin, Bank of Papua New Guinea, Table 10.2.

In 1977 consumer prices until June quarter, 1992. From September quarter, 1992, the real national wage rate is calculated using September quarter 1992 prices.

Effective nom September 15, 1992, minimum wages were unified across the country as per the new Minimum Wages Board Determination. The established new unified wage rate was K 22.96 for both urban and rural areas.

Table 8.

Papua New Guinea: Consumer Price Index by Commodity Group, 1992–96

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Source: Quarterly Economic Bulletin, Bank of Papua New Guinea, Table 10.3

Weights are based on the 1977 expenditure survey.

Table 9.

Papua New Guinea: Summary of Central Government Operations, 1992–96

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Source: Data provided by the Papua New Guinea authorities.

Asset sales are classified as a revenue item.

Excludes off-budget grants and associated expenditures.

Expenditure are recorded on a “checks-written” basis.

The figures through 1995 consist of wages and salaries for National and Provincial Departments, excluding teacher's salaries, retrenchment payments, and contributions to the superannuation funds, which are included under “oilier current expenditure.” Following the implementation of provincial government reforms, the definition of wages and salaries for the revised program is broadened to comprise those paid by the National and Provincial Governments, including teachers' salaries, retrenchment payments, and contributions to the superannuation funds.

For 1995-96, proxied by development expenditure.

Includes statistical discrepancies as well as change in arrears.

Table 10.

Papua New Guinea: Central Government Revenue and Grants, 1992–96

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Sources: Data provided by the Papua New Guinea authorities; and staff projections.

For 1994-96, includes asset sales (K 30 million, K 50 million, and K 59 million (respectively).

Interest on funds held in the Mineral Resource Stabilisation Fund.

Table 11a.

Papua New Guinea: Central Government Expenditure by Category, 1992-95 Old budget presentation format 1/

(In millions of kina)

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Source: Data provided by the Papua New Guinea authorities.

The format was changed in 1996 as a result of provincial reforms.

Table 11b.

Papua New Guinea: Central Government Expenditure by Category, 1995–96 New Budget Presentation Format 1/

(In millions of kina)

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Source: Data provided by the Papua New Guinea authorities.

The format was changed in 1996 as a result of provincial reforms.

Table 12.

Papua New Guinea: Central Government Expenditure by Function, 1992–96

(In millions of kina)

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Source: Data provided by the Papua New Guinea authorities.

Total payments include amortization.

Table 13.

Papua Now Guinea: Central Government Capital Expenditures and Transfers, 1992–96

(In millions of kina)

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Source: Data provided by the Papua Mew Guinea authorities.

DOW: Department of Works.

Table 14.

Papua New Guinea: Financial Performance of Major Nonfinancial Public Enterprises, 1992–96

(In millions of kina)

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Source: Data provided by the Papua New Guinea authorities.

Operating profit at the end of June 1996.

Before tax and interest payments; minus sign denotes operating loss.

Rate of return on investment, defined as the ratio of operating profits to fixed assets.

Table 15.

Papua New Guinea: Mineral Resources Stabilization Fund, 1992–96

(In millions of kina)

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Sources : Quarterly Economic Bulletin, Bank of Papua Mew Guinea, Table 8.2; and Papua Mew Guinea authorities.