Georgia 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 Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Georgia ranked 32nd vs 54th and 137th vs 111th, respectively.

Gross Domestic Product & Income

StatGeorgiaPapua New Guinea
GDP$17.6B$23.5B
GDP growth, 1 year4.7%0%
GDP growth, 5-years average4%5%
Population3.7M8.3M
GDP per capita$4.7k$2.7k
GDP per capita growth4.72%-2.76%
Purchasing Power Parity conversion factor12.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.63
GDP per capita, PPP adjusted$11k$3.7k
GNI, Atlas method$16.6B$22.1B
GNI per capita$4.4k$2.6k
GNI, PPP adjusted$42.9B$36.3B
GNI per capita, PPP adjusted$12k$4.2k

Financial system and Human development

StatGeorgiaPapua New Guinea
Income Tax Rate20%42%
Corporate Tax Rate15%30%
Inflation, consumer prices2.6%4.7%
Inflation, GDP deflator4.4%7.1%
Unemployment14.1%2.4%
Economic Freedom Index77.158.4
Personal Freedom Index7.47.24
Human Freedom Index7.486.99
Property Rights Index68.654.9
Judical Effectiveness Index57.948.4
Business Freedom Index85.358.4
Fiscal Health Index94.476.4
Labor Freedom Index76.369.6
Investment Freedom Index8025
Financial Freedom Index7030
Trade Freedom Index88.679.8
Monetary Freedom Index78.370.7
Government Spending Index73.686.4
Tax Burden Index87.171.5
Government Integrity Index64.829.7
Corruption Perceptions Index5828
Life expectancy at birth, years73.464
Suicide mortality rate, per 100,000 people8.26
Mortality caused by road traffic injury, per 100,000 people15.314.2
Intentional homicides, per 100,000 people17.9
International tourism, number of arrivals4.8M140k

Government debt & reserves

StatGeorgiaPapua New Guinea
Central government debt, % of GDP44.5%36.9%
External debt stocks, % of GNI110.6%78.4%
External debt stocks$17.1B$17.7B
Short-term debt, % of total reserves81.1%20.6%
Total debt service, % of exports and primary income23.7%26.1%
Adjusted net savings including particulate emission damage, % of GNI12.5%4.9%
Gross savings, % of GDP21%30.4%
Gross capital formation, % of GDP28.1%20%
Total reserves including gold$3.3B$2.2B
Foreign direct investment net inflows$1.2B$335.2M

Exports, imports and economic structure

StatGeorgiaPapua New Guinea
Exports of goods and services, % of GDP50.6%72.2%
Imports of goods and services, % of GDP61.2%58.9%
Current account balance (balance of payments)-$1.2B$5.5B
Revenue excluding grants, % of GDP23%15.9%
Grants excluding technical cooperation, BoP$314.1M$268.9M
Personal remittances received$2B$2.9M
Industry including construction value added, % of GDP19.9%36.4%
Agriculture, forestry and fishing value added, % of GDP6.8%17.6%
Charges for the use of intellectual property, payments BoP$27.1M$139k
Charges for the use of intellectual property, receipts BoP$270kN/A
Expense, % of GDP21.4%19.1%
Government Expenditure, % of GDP29.6%21.3%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
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

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