East Timor 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 East Timor ranked 171st with $2.6B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and East Timor ranked 32nd vs 137th and 137th vs 146th, respectively.

Gross Domestic Product & Income

StatEast TimorPapua New Guinea
GDP$2.6B$23.5B
GDP growth, 1 year0.8%0%
GDP growth, 5-years average1.9%5%
Population1.3M8.3M
GDP per capita$2k$2.7k
GDP per capita growth0.81%-2.76%
Purchasing Power Parity conversion factor0.272.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.63
GDP per capita, PPP adjusted$5.2k$3.7k
GNI, Atlas method$2.3B$22.1B
GNI per capita$1.8k$2.6k
GNI, PPP adjusted$8.9B$36.3B
GNI per capita, PPP adjusted$7k$4.2k

Financial system and Human development

StatEast TimorPapua New Guinea
Income Tax Rate10%42%
Corporate Tax Rate10%30%
Inflation, consumer prices2.3%4.7%
Inflation, GDP deflator0.9%7.1%
Unemployment3%2.4%
Economic Freedom Index45.958.4
Personal Freedom Index7.197.24
Human Freedom Index6.416.99
Property Rights Index45.254.9
Judical Effectiveness Index12.648.4
Business Freedom Index6458.4
Fiscal Health Index19.976.4
Labor Freedom Index58.969.6
Investment Freedom Index4525
Financial Freedom Index2030
Trade Freedom Index7579.8
Monetary Freedom Index76.570.7
Government Spending Index5.386.4
Tax Burden Index96.371.5
Government Integrity Index32.529.7
Corruption Perceptions Index3528
Life expectancy at birth, years6964
Suicide mortality rate, per 100,000 people4.66
Mortality caused by road traffic injury, per 100,000 people12.714.2
Intentional homicides, per 100,000 people47.9
International tourism, number of arrivals75k140k

Government debt & reserves

StatEast TimorPapua New Guinea
Central government debt, % of GDP5.4%36.9%
External debt stocks, % of GNI6.7%78.4%
External debt stocks$158.1M$17.7B
Short-term debt, % of total reserves0.4%20.6%
Total debt service, % of exports and primary income0.3%26.1%
Adjusted net savings including particulate emission damage, % of GNI-14.6%4.9%
Gross savings, % of GDP12.3%30.4%
Gross capital formation, % of GDP22.5%20%
Total reserves including gold$673.9M$2.2B
Foreign direct investment net inflows$47.9M$335.2M

Exports, imports and economic structure

StatEast TimorPapua New Guinea
Exports of goods and services, % of GDP61.1%72.2%
Imports of goods and services, % of GDP59.9%58.9%
Current account balance (balance of payments)-$191.1M$5.5B
Revenue excluding grants, % of GDP38.4%15.9%
Grants excluding technical cooperation, BoP$119.1M$268.9M
Personal remittances received$96.3M$2.9M
Industry including construction value added, % of GDP45.8%36.4%
Agriculture, forestry and fishing value added, % of GDP10.4%17.6%
Charges for the use of intellectual property, payments BoP$33k$139k
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP36.4%19.1%
Government Expenditure, % of GDP56.2%21.3%

Compare with countries close by GDP per capita

East Timor vs

CountryGDP
per capita
Population
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
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
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M

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
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
Kenya
$1.7k
48.5M