China vs Papua New Guinea: Economic Indicators Comparison

China with a GDP of $13.6T ranked the 2nd largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, China and Papua New Guinea ranked 12th vs 32nd and 76th vs 137th, respectively.

Gross Domestic Product & Income

StatChinaPapua New Guinea
GDP$13.6T$23.5B
GDP growth, 1 year6.6%0%
GDP growth, 5-years average6.9%5%
Population1.4B8.3M
GDP per capita$9.8k$2.7k
GDP per capita growth6.08%-2.76%
Purchasing Power Parity conversion factor3.542.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.63
GDP per capita, PPP adjusted$18k$3.7k
GNI, Atlas method$13.2T$22.1B
GNI per capita$9.5k$2.6k
GNI, PPP adjusted$25.3T$36.3B
GNI per capita, PPP adjusted$18k$4.2k

Financial system and Human development

StatChinaPapua New Guinea
Income Tax Rate45%42%
Corporate Tax Rate25%30%
Inflation, consumer prices2.1%4.7%
Inflation, GDP deflator2.9%7.1%
Unemployment4.4%2.4%
Economic Freedom Index59.558.4
Personal Freedom Index67.24
Human Freedom Index6.116.99
Property Rights Index60.954.9
Judical Effectiveness Index76.348.4
Business Freedom Index76.858.4
Fiscal Health Index67.576.4
Labor Freedom Index64.469.6
Investment Freedom Index2025
Financial Freedom Index2030
Trade Freedom Index72.479.8
Monetary Freedom Index71.170.7
Government Spending Index67.986.4
Tax Burden Index70.471.5
Government Integrity Index4629.7
Corruption Perceptions Index3928
Life expectancy at birth, years76.564
Suicide mortality rate, per 100,000 people9.76
Mortality caused by road traffic injury, per 100,000 people18.214.2
Intentional homicides, per 100,000 people0.67.9
International tourism, number of arrivals62.9M140k

Government debt & reserves

StatChinaPapua New Guinea
Central government debt, % of GDP50.5%36.9%
External debt stocks, % of GNI14.5%78.4%
External debt stocks$2T$17.7B
Short-term debt, % of total reserves38.5%20.6%
Total debt service, % of exports and primary income8.2%26.1%
Adjusted net savings including particulate emission damage, % of GNI20.1%4.9%
Gross savings, % of GDP46.3%30.4%
Gross capital formation, % of GDP44.1%20%
Total reserves including gold$3.2T$2.2B
Foreign direct investment net inflows$203.5B$335.2M

Exports, imports and economic structure

StatChinaPapua New Guinea
Exports of goods and services, % of GDP19.5%72.2%
Imports of goods and services, % of GDP18.7%58.9%
Current account balance (balance of payments)$49.1B$5.5B
Revenue excluding grants, % of GDP15.8%15.9%
Grants excluding technical cooperation, BoP$191.6M$268.9M
Personal remittances received$24.3B$2.9M
Industry including construction value added, % of GDP40.7%36.4%
Agriculture, forestry and fishing value added, % of GDP7.2%17.6%
Charges for the use of intellectual property, payments BoP$35.8B$139k
Charges for the use of intellectual property, receipts BoP$5.6BN/A
Expense, % of GDPN/A19.1%
Government Expenditure, % of GDP32.7%21.3%

Compare with countries close by GDP per capita

China vs

CountryGDP
per capita
Population
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
Kazakhstan
$9.8k
18.3M
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M

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