Bhutan 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 Bhutan ranked 172nd with $2.4B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Bhutan ranked 32nd vs 23rd and 137th vs 129th, respectively.

Gross Domestic Product & Income

StatBhutanPapua New Guinea
GDP$2.4B$23.5B
GDP growth, 1 year5.8%0%
GDP growth, 5-years average6.1%5%
Population808k8.3M
GDP per capita$3.2k$2.7k
GDP per capita growth1.82%-2.76%
Purchasing Power Parity conversion factor21.812.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.320.63
GDP per capita, PPP adjusted$9.5k$3.7k
GNI, Atlas method$2.2B$22.1B
GNI per capita$3k$2.6k
GNI, PPP adjusted$7B$36.3B
GNI per capita, PPP adjusted$9.3k$4.2k

Financial system and Human development

StatBhutanPapua New Guinea
Income Tax Rate25%42%
Corporate Tax Rate30%30%
Inflation, consumer prices3.6%4.7%
Inflation, GDP deflator1.8%7.1%
Unemployment2.2%2.4%
Economic Freedom Index62.158.4
Personal Freedom Index6.97.24
Human Freedom Index6.856.99
Property Rights Index69.954.9
Judical Effectiveness Index46.448.4
Business Freedom Index68.258.4
Fiscal Health Index74.876.4
Labor Freedom Index79.469.6
Investment Freedom Index2025
Financial Freedom Index3030
Trade Freedom Index79.479.8
Monetary Freedom Index71.670.7
Government Spending Index71.186.4
Tax Burden Index82.971.5
Government Integrity Index51.229.7
Corruption Perceptions Index6828
Life expectancy at birth, years71.164
Suicide mortality rate, per 100,000 people11.46
Mortality caused by road traffic injury, per 100,000 people17.414.2
Intentional homicides, per 100,000 people1.67.9
International tourism, number of arrivals274k140k

Government debt & reserves

StatBhutanPapua New Guinea
Central government debt, % of GDP102.6%36.9%
External debt stocks, % of GNI109.2%78.4%
External debt stocks$2.5B$17.7B
Short-term debt, % of total reserves0.4%20.6%
Total debt service, % of exports and primary income10.7%26.1%
Adjusted net savings including particulate emission damage, % of GNI23.3%4.9%
Gross savings, % of GDP21.6%30.4%
Gross capital formation, % of GDP47.5%20%
Total reserves including gold$987.2M$2.2B
Foreign direct investment net inflows$2.6M$335.2M

Exports, imports and economic structure

StatBhutanPapua New Guinea
Exports of goods and services, % of GDP30.8%72.2%
Imports of goods and services, % of GDP55.9%58.9%
Current account balance (balance of payments)-$497.6M$5.5B
Revenue excluding grants, % of GDP18.5%15.9%
Grants excluding technical cooperation, BoP$49.2M$268.9M
Personal remittances received$58.1M$2.9M
Industry including construction value added, % of GDP38.3%36.4%
Agriculture, forestry and fishing value added, % of GDP15.9%17.6%
Charges for the use of intellectual property, payments BoP$304k$139k
Charges for the use of intellectual property, receipts BoP$11kN/A
Expense, % of GDP18.5%19.1%
Government Expenditure, % of GDP31.1%21.3%

Compare with countries close by GDP per capita

Bhutan vs

CountryGDP
per capita
Population
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
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
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

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
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
Kenya
$1.7k
48.5M