Chile vs Papua New Guinea: Economic Indicators Comparison

Chile with a GDP of $298.2B ranked the 42nd largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Chile and Papua New Guinea ranked 123rd vs 32nd and 59th vs 137th, respectively.

Gross Domestic Product & Income

StatChilePapua New Guinea
GDP$298.2B$23.5B
GDP growth, 1 year4%0%
GDP growth, 5-years average2.2%5%
Population18.1M8.3M
GDP per capita$16k$2.7k
GDP per capita growth2.59%-2.76%
Purchasing Power Parity conversion factor404.852.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.63
GDP per capita, PPP adjusted$26k$3.7k
GNI, Atlas method$274.8B$22.1B
GNI per capita$15k$2.6k
GNI, PPP adjusted$453B$36.3B
GNI per capita, PPP adjusted$24k$4.2k

Financial system and Human development

StatChilePapua New Guinea
Income Tax Rate35%42%
Corporate Tax Rate27%30%
Inflation, consumer prices2.3%4.7%
Inflation, GDP deflator2%7.1%
Unemployment7.2%2.4%
Economic Freedom Index76.858.4
Personal Freedom Index8.47.24
Human Freedom Index8.116.99
Property Rights Index69.954.9
Judical Effectiveness Index61.148.4
Business Freedom Index7558.4
Fiscal Health Index90.576.4
Labor Freedom Index64.769.6
Investment Freedom Index8525
Financial Freedom Index7030
Trade Freedom Index8979.8
Monetary Freedom Index85.270.7
Government Spending Index80.886.4
Tax Burden Index76.471.5
Government Integrity Index73.429.7
Corruption Perceptions Index6728
Life expectancy at birth, years79.964
Suicide mortality rate, per 100,000 people10.66
Mortality caused by road traffic injury, per 100,000 people12.514.2
Intentional homicides, per 100,000 people4.37.9
International tourism, number of arrivals5.7M140k

Government debt & reserves

StatChilePapua New Guinea
Central government debt, % of GDP25.6%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 GNI3.6%4.9%
Gross savings, % of GDP19.5%30.4%
Gross capital formation, % of GDP22.7%20%
Total reserves including gold$39.9B$2.2B
Foreign direct investment net inflows$6.1B$335.2M

Exports, imports and economic structure

StatChilePapua New Guinea
Exports of goods and services, % of GDP28.8%72.2%
Imports of goods and services, % of GDP28.7%58.9%
Current account balance (balance of payments)-$9.2B$5.5B
Revenue excluding grants, % of GDP22%15.9%
Grants excluding technical cooperation, BoP$25.2M$268.9M
Personal remittances received$66.1M$2.9M
Industry including construction value added, % of GDP30%36.4%
Agriculture, forestry and fishing value added, % of GDP3.6%17.6%
Charges for the use of intellectual property, payments BoP$1.8B$139k
Charges for the use of intellectual property, receipts BoP$46.2MN/A
Expense, % of GDP22.4%19.1%
Government Expenditure, % of GDP25.3%21.3%

Compare with countries close by GDP per capita

Chile vs

CountryGDP
per capita
Population
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k

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