Brunei 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 Brunei ranked 131st with $13.6B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Brunei ranked 32nd vs 173rd and 137th vs 32nd, respectively.

Gross Domestic Product & Income

StatBruneiPapua New Guinea
GDP$13.6B$23.5B
GDP growth, 1 year-0.2%0%
GDP growth, 5-years average-0.9%5%
Population429k8.3M
GDP per capita$32k$2.7k
GDP per capita growth-0.99%-2.76%
Purchasing Power Parity conversion factor0.532.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.63
GDP per capita, PPP adjusted$80k$3.7k
GNI, Atlas method$12.7B$22.1B
GNI per capita$30k$2.6k
GNI, PPP adjusted$35.3B$36.3B
GNI per capita, PPP adjusted$82k$4.2k

Financial system and Human development

StatBruneiPapua New Guinea
Income Tax Rate0%42%
Corporate Tax Rate18.5%30%
Inflation, consumer prices0.1%4.7%
Inflation, GDP deflator9.2%7.1%
Unemployment9.2%2.4%
Economic Freedom Index66.658.4
Personal Freedom Index6.267.24
Human Freedom Index6.666.99
Property Rights Index69.854.9
Judical Effectiveness Index56.848.4
Business Freedom Index84.158.4
Fiscal Health Index2076.4
Labor Freedom Index90.569.6
Investment Freedom Index6525
Financial Freedom Index5030
Trade Freedom Index8579.8
Monetary Freedom Index77.170.7
Government Spending Index61.586.4
Tax Burden Index89.871.5
Government Integrity Index49.629.7
Corruption Perceptions Index6328
Life expectancy at birth, years75.664
Suicide mortality rate, per 100,000 people4.66
Mortality caused by road traffic injury, per 100,000 people814.2
Intentional homicides, per 100,000 people0.57.9
International tourism, number of arrivals278k140k

Government debt & reserves

StatBruneiPapua New Guinea
Central government debt, % of GDP2.5%36.9%
External debt stocks, % of GNIN/A78.4%
External debt stocksN/A$17.7B
Short-term debt, % of total reservesN/A20.6%
Total debt service, % of exports and primary incomeN/A26.1%
Adjusted net savings including particulate emission damage, % of GNI34.6%4.9%
Gross savings, % of GDP54.1%30.4%
Gross capital formation, % of GDP41.1%20%
Total reserves including gold$3.4B$2.2B
Foreign direct investment net inflows$511.5M$335.2M

Exports, imports and economic structure

StatBruneiPapua New Guinea
Exports of goods and services, % of GDP51.9%72.2%
Imports of goods and services, % of GDP42%58.9%
Current account balance (balance of payments)$1.1B$5.5B
Revenue excluding grants, % of GDPN/A15.9%
Grants excluding technical cooperation, BoP$200k$268.9M
Personal remittances receivedN/A$2.9M
Industry including construction value added, % of GDP63.2%36.4%
Agriculture, forestry and fishing value added, % of GDP1%17.6%
Charges for the use of intellectual property, payments BoP$19.7M$139k
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/A19.1%
Government Expenditure, % of GDP35.8%21.3%

Compare with countries close by GDP per capita

Brunei vs

CountryGDP
per capita
Population
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M

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