Cuba vs Papua New Guinea: Economic Indicators Comparison
Cuba with a GDP of $100B ranked the 64th largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Cuba and Papua New Guinea ranked 130th vs 32nd and 82nd vs 137th, respectively.
Gross Domestic Product & Income
| Stat |  Cuba |  Papua New Guinea |
|---|---|---|
| GDP | $100B | $23.5B |
| GDP growth, 1 year | 2.3% | 0% |
| GDP growth, 5-years average | 2% | 5% |
| Population | 11.5M | 8.3M |
| GDP per capita | $8.8k | $2.7k |
| GDP per capita growth | 2.26% | -2.76% |
| Purchasing Power Parity conversion factor | 0.32 | 2.06 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 0.63 |
| GDP per capita, PPP adjusted | $14k | $3.7k |
| GNI, Atlas method | $84.8B | $22.1B |
| GNI per capita | $7.5k | $2.6k |
| GNI, PPP adjusted | N/A | $36.3B |
| GNI per capita, PPP adjusted | N/A | $4.2k |
Financial system and Human development
| Stat | Cuba | Papua New Guinea |
|---|---|---|
| Income Tax Rate | 50% | 42% |
| Corporate Tax Rate | 30% | 30% |
| Inflation, consumer prices | 6.9% | 4.7% |
| Inflation, GDP deflator | 1% | 7.1% |
| Unemployment | 2.3% | 2.4% |
| Economic Freedom Index | 26.9 | 58.4 |
| Personal Freedom Index | 5.4 | 7.24 |
| Human Freedom Index | 5.2 | 6.99 |
| Property Rights Index | 20.1 | 54.9 |
| Judical Effectiveness Index | 10 | 48.4 |
| Business Freedom Index | 20 | 58.4 |
| Fiscal Health Index | 14.8 | 76.4 |
| Labor Freedom Index | 20 | 69.6 |
| Investment Freedom Index | 10 | 25 |
| Financial Freedom Index | 10 | 30 |
| Trade Freedom Index | 65.6 | 79.8 |
| Monetary Freedom Index | 64.1 | 70.7 |
| Government Spending Index | 0 | 86.4 |
| Tax Burden Index | 49.5 | 71.5 |
| Government Integrity Index | 38.7 | 29.7 |
| Corruption Perceptions Index | 47 | 28 |
| Life expectancy at birth, years | 78.7 | 64 |
| Suicide mortality rate, per 100,000 people | 13.9 | 6 |
| Mortality caused by road traffic injury, per 100,000 people | 8.5 | 14.2 |
| Intentional homicides, per 100,000 people | 5 | 7.9 |
| International tourism, number of arrivals | 4.7M | 140k |
Government debt & reserves
| Stat | Cuba | Papua New Guinea |
|---|---|---|
| Central government debt, % of GDP | 51% | 36.9% |
| External debt stocks, % of GNI | N/A | 78.4% |
| External debt stocks | N/A | $17.7B |
| Short-term debt, % of total reserves | N/A | 20.6% |
| Total debt service, % of exports and primary income | N/A | 26.1% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 4.9% |
| Gross savings, % of GDP | N/A | 30.4% |
| Gross capital formation, % of GDP | 12% | 20% |
| Total reserves including gold | $144M | $2.2B |
| Foreign direct investment net inflows | N/A | $335.2M |
Exports, imports and economic structure
| Stat | Cuba | Papua New Guinea |
|---|---|---|
| Exports of goods and services, % of GDP | 14.5% | 72.2% |
| Imports of goods and services, % of GDP | 12.6% | 58.9% |
| Current account balance (balance of payments) | N/A | $5.5B |
| Revenue excluding grants, % of GDP | N/A | 15.9% |
| Grants excluding technical cooperation, BoP | $510.6M | $268.9M |
| Personal remittances received | N/A | $2.9M |
| Industry including construction value added, % of GDP | 25.1% | 36.4% |
| Agriculture, forestry and fishing value added, % of GDP | 3.8% | 17.6% |
| Charges for the use of intellectual property, payments BoP | N/A | $139k |
| Charges for the use of intellectual property, receipts BoP | N/A | N/A |
| Expense, % of GDP | N/A | 19.1% |
| Government Expenditure, % of GDP | 64.8% | 21.3% |
