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Economy of Czech Republic vs Papua New Guinea compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $31.8B for Papua New Guinea, ranking 44/197 and 110/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $16.6B (52.1% of GDP) in Papua New Guinea.

Czech Republic vs Papua New Guinea GDP by year

Czech Republic
Papua New Guinea
1x
Year GDP, current $
Czech Republic Papua New Guinea
2024 $347,034,062,928 $31,800,428,266
2023 $345,059,295,660 $30,816,367,067
2022 $301,831,228,326 $31,653,185,953
2021 $290,972,714,482 $26,109,413,521
2020 $251,109,660,603 $23,848,447,850
2019 $256,794,209,029 $24,750,626,030
2018 $251,992,360,762 $24,109,780,708
2017 $221,563,575,696 $22,742,699,138
2016 $198,160,659,304 $20,758,876,953
2015 $189,107,698,562 $21,723,437,010
2014 $210,911,285,078 $23,210,823,987
2013 $213,024,360,541 $21,261,338,065
2012 $210,363,223,088 $21,295,168,666
2011 $231,429,378,717 $17,985,138,066
2010 $211,168,667,286 $14,250,786,675
2009 $206,971,882,705 $11,619,456,449
2008 $236,506,264,754 $11,670,892,801
2007 $190,040,702,287 $9,545,028,944
2006 $156,236,258,387 $8,354,911,041
2005 $137,264,185,596 $4,865,892,972
2004 $120,147,899,984 $3,927,157,867
2003 $100,435,924,705 $3,536,411,824
2002 $82,607,869,610 $2,999,511,040
2001 $68,135,304,464 $3,081,024,212
2000 $62,175,642,238 $3,521,339,699
1999 $65,586,562,605 $3,477,038,204
1998 $67,187,217,328 $3,789,443,015
1997 $62,539,765,163 $4,936,615,299
1996 $67,804,105,330 $5,155,311,077
1995 $60,572,381,311 $4,636,057,476
1994 $48,188,478,339 $5,502,786,070
1993 $41,155,654,032 $4,974,550,286
1992 $35,051,065,440 $4,377,980,510
1991 $30,071,014,282 $3,787,394,958
1990 $41,016,881,802 $3,219,729,083
1989 - $3,546,472,566
1988 - $3,656,177,881
1987 - $3,143,851,794
1986 - $2,647,995,602
1985 - $2,423,339,172
1984 - $2,552,662,617
1983 - $2,562,351,551
1982 - $2,368,719,683
1981 - $2,498,190,847
1980 - $2,545,808,456
1979 - $2,293,760,511
1978 - $1,947,878,831
1977 - $1,640,746,619
1976 - $1,511,843,235
1975 - $1,356,603,608
1974 - $1,467,417,672
1973 - $1,299,079,410
1972 - $858,761,926
1971 - $717,750,278
1970 - $645,568,215
1969 - $551,263,864
1968 - $485,184,190
1967 - $441,728,183
1966 - $390,992,063
1965 - $344,176,055
1964 - $305,312,049
1963 - $275,968,044
1962 - $261,184,042
1961 - $244,832,039
1960 - $230,496,037

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/papua-new-guinea | CC BY

GDP per capita in Czech Republic vs Papua New Guinea by year

Czech Republic
GDP per capita

GDP per capita, PPP
Papua New Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Papua New Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $3,007 $4,875
2023 $31,762 $55,761 $2,966 $4,668
2022 $28,282 $52,947 $3,102 $4,420
2021 $27,696 $47,796 $2,608 $3,977
2020 $23,473 $44,839 $2,430 $3,900
2019 $24,063 $45,614 $2,576 $4,060
2018 $23,706 $41,638 $2,566 $3,910
2017 $20,913 $39,346 $2,478 $3,923
2016 $18,754 $36,445 $2,316 $3,813
2015 $17,932 $34,093 $2,485 $3,670
2014 $20,038 $32,743 $2,723 $3,500
2013 $20,260 $31,013 $2,561 $3,110
2012 $20,014 $29,466 $2,635 $3,026
2011 $22,049 $29,237 $2,288 $2,919
2010 $20,160 $28,154 $1,867 $2,912
2009 $19,817 $27,713 $1,569 $2,692
2008 $22,775 $27,938 $1,625 $2,583
2007 $18,453 $26,268 $1,371 $2,622
2006 $15,259 $23,914 $1,238 $2,444
2005 $13,442 $22,115 $744 $2,322
2004 $11,783 $20,988 $621 $2,187
2003 $9,852 $19,604 $577 $2,142
2002 $8,101 $18,344 $506 $2,125
2001 $6,669 $17,709 $538 $2,168
2000 $6,063 $16,332 $636 $2,196
1999 $6,378 $15,494 $650 $2,280
1998 $6,527 $15,064 $733 $2,285
1997 $6,069 $14,911 $990 $2,432
1996 $6,573 $14,781 $1,071 $2,578
1995 $5,865 $13,957 $998 $2,436
1994 $4,663 $12,862 $1,228 $2,558
1993 $3,984 $12,242 $1,151 $2,451
1992 $3,397 $11,963 $1,051 $2,100
1991 $2,917 $11,768 $942 $1,869
1990 $3,969 $12,848 $826 $1,703
1989 - - $934 -
1988 - - $985 -
1987 - - $865 -
1986 - - $745 -
1985 - - $697 -
1984 - - $750 -
1983 - - $769 -
1982 - - $726 -
1981 - - $781 -
1980 - - $813 -
1979 - - $748 -
1978 - - $648 -
1977 - - $558 -
1976 - - $525 -
1975 - - $482 -
1974 - - $533 -
1973 - - $483 -
1972 - - $327 -
1971 - - $279.7 -
1970 - - $257.6 -
1969 - - $225.3 -
1968 - - $202.9 -
1967 - - $189 -
1966 - - $171.1 -
1965 - - $153.9 -
1964 - - $139.5 -
1963 - - $128.9 -
1962 - - $124.7 -
1961 - - $119.7 -
1960 - - $115.5 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/papua-new-guinea | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $3,007 in Papua New Guinea, ranking 140/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Papua New Guinea ranks 159th at $4,875.

Economic indicators

Czech Republic Papua New Guinea
Gross domestic product
$347B
2024
$31.8B
2024
GDP rank
44/197
2024
110/197
2024
GDP growth
1.23%
2023-2024
3.8%
2023-2024
GDP per capita
$31,823
2024
$3,007
2024
GDP per capita rank
39/197
2024
140/197
2024
GDP per capita, PPP
$57,285
2024
$4,875
2024
GDP per capita PPP rank
35/197
2024
159/197
2024
Government debt
$150B
2024
$16.6B
2024
Debt-to-GDP ratio
43.3%
2024
52.1%
2024
Government debt per person
$13,792
2024
$1,566
2024
Government debt per person rank
43/185
2024
129/185
2024
Average annual personal income after taxes
$22,139
2026
$2,362
2026
Market capitalization of domestic companies
$34.6B
2024
$1.68B
2017
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
31%
2009
Income share by poorest 10%
3.8%
2023
1.9%
2009
Government expenditure, % of GDP
42.8%
2024
20.4%
2024
Consumer prices inflation
2.44%
2023-2024
0.6%
2023-2024
Central bank interest rate
3.5%
2025
5%
2025
Unemployment rate
2.6%
2024
2.69%
2022
Population
10649126
11002753

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Papua New Guinea
Spending

Debt
1x
Year % of GDP
Czech Republic Papua New Guinea
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 20.4% 52.1%
2023 43.7% 42.2% 22.3% 53.9%
2022 43% 42.5% 21.9% 48.2%
2021 45% 40.7% 22% 52.6%
2020 46.3% 36.9% 23.5% 48.7%
2019 40.4% 29.6% 21.3% 38.2%
2018 40.1% 31.7% 20.3% 36.7%
2017 38.5% 33.8% 18.4% 32.5%
2016 39.4% 36.2% 20.9% 33.7%
2015 41.7% 39.5% 22.8% 29.9%
2014 42.3% 41.5% 27.1% 26.9%
2013 42.4% 44.1% 27.6% 24.9%
2012 44.4% 43.8% 22.4% 19.1%
2011 42.8% 39.4% 19.7% 16.3%
2010 43.2% 36.7% 18.4% 17.3%
2009 44.5% 33.4% 24.7% 21.7%
2008 40.9% 28.2% 19.8% 21.6%
2007 40.5% 27.3% 18% 22.2%
2006 41.5% 27.6% 19.4% 26%
2005 42.3% 27.7% 20.6% 31.6%
2004 42.2% 28.3% 19.4% 37.2%
2003 49% 28.1% 18.7% 40.4%
2002 44.4% 25.7% 20.8% 48.4%
2001 43.1% 22.6% 21.6% 47.7%
2000 40.6% 16.9% 20.5% 42.3%
1999 40.9% 15.1% 21.4% 41.8%
1998 41.6% 13.9% 20% 45.7%
1997 41.3% 12.1% 20.6% 43.9%
1996 41.4% 11.5% 17.6% 37.8%
1995 52.8% 13.5% 17.1% 36.6%
1994 - - 19.3% 40.1%
1993 - - 23.5% 30%
1992 - - 22.8% 30.4%
1991 - - 22.4% -
1990 - - 24.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1993, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/papua-new-guinea | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Papua New Guinea spent $6.48B, or 20.4% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 52.1% in Papua New Guinea, ranking 124/185 and 100/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Papua New Guinea
1x
Year Deficit/surplus, % of GDP
Czech Republic Papua New Guinea
2024 -1.99% -3.23%
2023 -3.73% -4.34%
2022 -3.07% -5.25%
2021 -4.95% -6.84%
2020 -5.65% -8.85%
2019 0.28% -4.98%
2018 0.88% -2.58%
2017 1.46% -2.47%
2016 0.68% -4.75%
2015 -0.67% -4.55%
2014 -2.09% -6.27%
2013 -1.3% -6.87%
2012 -3.92% -1.19%
2011 -2.71% 2.22%
2010 -4.14% 3.06%
2009 -5.46% -5.48%
2008 -2% 2.73%
2007 -0.68% 6.9%
2006 -2.19% 5.34%
2005 -3.06% 2.85%
2004 -2.4% 2.03%
2003 -6.87% 0.19%
2002 -6.34% -1.75%
2001 -5.76% -1.33%
2000 -3.55% 0.3%
1999 -3.08% -1.94%
1998 -4.14% -0.16%
1997 -3.14% 0.67%
1996 -2.98% 2.05%
1995 -12.3% 1.08%
1994 - -1.01%
1993 - -4.9%
1992 - -4.33%
1991 - -0.62%
1990 - -2.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/papua-new-guinea | CC BY

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was $6.92B, equivalent to 1.99% of GDP. This compares to Papua New Guinea's deficit of $1.03B, or 3.23% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Papua New Guinea ran a deficit in 18 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 1.45% of GDP for Papua New Guinea.

Inflation comparison by year

Inflation
Czech Republic

Papua New Guinea
1x
Year Consumer prices inflation
Czech Republic Papua New Guinea
2024 2.44% 0.6%
2023 10.7% 2.3%
2022 15.1% 5.25%
2021 3.84% 4.48%
2020 3.16% 4.87%
2019 2.85% 3.93%
2018 2.15% 4.37%
2017 2.45% 5.42%
2016 0.68% 6.67%
2015 0.31% 6%
2014 0.34% 5.22%
2013 1.44% 4.96%
2012 3.29% 4.54%
2011 1.92% 4.44%
2010 1.47% 6.01%
2009 1.02% 6.92%
2008 6.36% 10.8%
2007 2.85% 0.91%
2006 2.53% 2.37%
2005 1.86% 1.78%
2004 2.76% 2.16%
2003 0.12% 14.7%
2002 1.9% 11.8%
2001 4.66% 9.3%
2000 3.78% 15.6%
1999 2.14% 14.9%
1998 10.7% 13.6%
1997 8.6% 3.96%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/papua-new-guinea | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 6.35% in Papua New Guinea. In 2024, inflation was 2.44% in the Czech Republic and 0.6% in Papua New Guinea.

Top exports between countries

Czech Republic
Export category Export value
Textiles & consumer goods $483K
Machinery & equipment $350K
Raw materials & minerals $149K
Metals $101K
Chemicals & pharma $70K
Wood & paper products $33K
Animal & marine products $8K
Weapons & explosives $6K
Precious metals & jewellery $2K
Processed food, beverages & tobacco $1K
Papua New Guinea
Export category Export value
Machinery & equipment $70K
Miscellaneous $2K

Balance of trade

Czech Republic Papua New Guinea
Current account balance
$6.05B
2024
$4.77B
2024
Current account balance ranking
31/190
2024
33/190
2024
Current account balance, % of GDP
+1.74%
2024
+15%
2024
Goods imports
$179B
2024
$4.69B
2024
Goods exports
$197B
2024
$13.4B
2024
Service imports
$38B
2024
$2.4B
2024
Service exports
$42.5B
2024
$75.2M
2024
Imports of goods and services, % of GDP
62.6%
2024
58.9%
2004
Exports of goods and services, % of GDP
68.9%
2024
72.2%
2004

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Czech Republic Papua New Guinea
Economic freedom 73.2 54.3
Economic freedom ranking 25/197 134/197
Property rights 89.8 45
Government integrity 64.7 30.8
Judicial effectiveness 92.1 41.1
Tax burden 78.8 70.9
Government spending 44.2 86.1
Fiscal health 82.5 65.3
Business freedom 76.8 34.2
Labor freedom 55.1 65.1
Monetary freedom 75 77.4
Trade freedom 79.4 80.2
Investment freedom 70 25
Financial freedom 70 30

Economic freedom comparison by year

Czech Republic
Papua New Guinea
1x
Year Economic freedom index
Czech Republic Papua New Guinea
2026 73.2 54.3
2025 72.9 52.5
2024 70.2 49.4
2023 71.9 51.7
2022 74.4 54.6
2021 73.8 58.9
2020 74.8 58.4
2019 73.7 58.4
2018 74.2 55.7
2017 73.3 50.9
2016 73.2 53.2
2015 72.5 53.1
2014 72.2 53.9
2013 70.9 53.6
2012 69.9 53.8
2011 70.4 52.6
2010 69.8 53.5
2009 69.4 54.8
2008 68.1 -
2007 67.4 -
2006 66.4 -
2005 64.6 -
2004 67 -
2003 67.5 -
2002 66.5 -
2001 70.2 57.2
2000 68.6 55.8
1999 69.7 56.3
1998 68.4 55.2
1997 68.8 56.7
1996 68.1 58.6
1995 67.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/czech-republic/papua-new-guinea | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 54.3 for Papua New Guinea, ranking 134/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Papua New Guinea
Services, % of GDP
60.2%
2024
41.5%
2024
Industry, % of GDP
29.2%
2024
37.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
17.2%
2024
GNI, Atlas method
$322B
2024
$30.7B
2024
GNI per capita, PPP
$54,800
2024
$4,580
2024
Total reserves including gold
$146B
2024
$3.9B
2023
Total reserves ranking
22/177
2024
107/177
2023
Net foreign direct investment
-$1.87B
2024
$968M
2024
Net inflows of foreign direct investment
$13.1B
2024
-$198M
2024
Net outflows of foreign direct investment
$11.2B
2024
$770M
2024
Servicing debt to the IMF, % of GNI n/a
19.7%
2024
Poverty at national poverty lines
10.2%
2021
39.9%
2009
Gross capital formation, % of GDP
26.3%
2024
20%
2004

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/czech-republic/papua-new-guinea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1992–1993, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.