Albania vs Papua New Guinea: Economic Indicators Comparison

Papua New Guinea with a GDP of $23.5B ranked the 114th largest economy in the world, while Albania ranked 123rd with $15.1B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Albania ranked 32nd vs 84th and 137th vs 107th, respectively.

Gross Domestic Product & Income

StatAlbaniaPapua New Guinea
GDP$15.1B$23.5B
GDP growth, 1 year4.2%0%
GDP growth, 5-years average3.1%5%
Population3M8.3M
GDP per capita$5.3k$2.7k
GDP per capita growth4.4%-2.76%
Purchasing Power Parity conversion factor42.572.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.63
GDP per capita, PPP adjusted$13k$3.7k
GNI, Atlas method$13.9B$22.1B
GNI per capita$4.9k$2.6k
GNI, PPP adjusted$38.3B$36.3B
GNI per capita, PPP adjusted$13k$4.2k

Financial system and Human development

StatAlbaniaPapua New Guinea
Income Tax Rate23%42%
Corporate Tax Rate15%30%
Inflation, consumer prices2%4.7%
Inflation, GDP deflator0.9%7.1%
Unemployment13.9%2.4%
Economic Freedom Index66.958.4
Personal Freedom Index8.077.24
Human Freedom Index7.686.99
Property Rights Index57.154.9
Judical Effectiveness Index3348.4
Business Freedom Index65.758.4
Fiscal Health Index86.376.4
Labor Freedom Index52.169.6
Investment Freedom Index7025
Financial Freedom Index7030
Trade Freedom Index88.479.8
Monetary Freedom Index81.270.7
Government Spending Index74.686.4
Tax Burden Index85.971.5
Government Integrity Index38.829.7
Corruption Perceptions Index3628
Life expectancy at birth, years78.364
Suicide mortality rate, per 100,000 people6.36
Mortality caused by road traffic injury, per 100,000 people13.614.2
Intentional homicides, per 100,000 people2.37.9
International tourism, number of arrivals5.3M140k

Government debt & reserves

StatAlbaniaPapua New Guinea
Central government debt, % of GDP68.6%36.9%
External debt stocks, % of GNI67.2%78.4%
External debt stocks$10.1B$17.7B
Short-term debt, % of total reserves55.6%20.6%
Total debt service, % of exports and primary income20.7%26.1%
Adjusted net savings including particulate emission damage, % of GNI8.2%4.9%
Gross savings, % of GDP16.2%30.4%
Gross capital formation, % of GDP25%20%
Total reserves including gold$3.9B$2.2B
Foreign direct investment net inflows$1.2B$335.2M

Exports, imports and economic structure

StatAlbaniaPapua New Guinea
Exports of goods and services, % of GDP31.7%72.2%
Imports of goods and services, % of GDP45.4%58.9%
Current account balance (balance of payments)-$1B$5.5B
Revenue excluding grants, % of GDP25.6%15.9%
Grants excluding technical cooperation, BoP$181M$268.9M
Personal remittances received$1.5B$2.9M
Industry including construction value added, % of GDP21.3%36.4%
Agriculture, forestry and fishing value added, % of GDP18.4%17.6%
Charges for the use of intellectual property, payments BoP$26.4M$139k
Charges for the use of intellectual property, receipts BoP$14.9MN/A
Expense, % of GDP23.3%19.1%
Government Expenditure, % of GDP29.1%21.3%

Compare with countries close by GDP per capita

Albania vs

CountryGDP
per capita
Population
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M

Papua New Guinea vs

CountryGDP
per capita
Population
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M