Ghana vs Papua New Guinea: Economic Indicators Comparison

Ghana with a GDP of $65.6B ranked the 73rd largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Ghana and Papua New Guinea ranked 46th vs 32nd and 142nd vs 137th, respectively.

Gross Domestic Product & Income

StatGhanaPapua New Guinea
GDP$65.6B$23.5B
GDP growth, 1 year5.6%0%
GDP growth, 5-years average4.5%5%
Population26.9M8.3M
GDP per capita$2.2k$2.7k
GDP per capita growth3.96%-2.76%
Purchasing Power Parity conversion factor2.132.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.460.63
GDP per capita, PPP adjusted$6.5k$3.7k
GNI, Atlas method$63.4B$22.1B
GNI per capita$2.1k$2.6k
GNI, PPP adjusted$138.5B$36.3B
GNI per capita, PPP adjusted$4.7k$4.2k

Financial system and Human development

StatGhanaPapua New Guinea
Income Tax Rate35%42%
Corporate Tax Rate25%30%
Inflation, consumer prices9.8%4.7%
Inflation, GDP deflator10.2%7.1%
Unemployment6.7%2.4%
Economic Freedom Index59.458.4
Personal Freedom Index7.647.24
Human Freedom Index7.216.99
Property Rights Index52.554.9
Judical Effectiveness Index46.148.4
Business Freedom Index58.458.4
Fiscal Health Index35.676.4
Labor Freedom Index59.369.6
Investment Freedom Index7025
Financial Freedom Index6030
Trade Freedom Index63.879.8
Monetary Freedom Index68.970.7
Government Spending Index88.186.4
Tax Burden Index78.471.5
Government Integrity Index32.229.7
Corruption Perceptions Index4128
Life expectancy at birth, years63.564
Suicide mortality rate, per 100,000 people5.46
Mortality caused by road traffic injury, per 100,000 people24.914.2
Intentional homicides, per 100,000 people2.17.9
International tourism, number of arrivals897k140k

Government debt & reserves

StatGhanaPapua New Guinea
Central government debt, % of GDP59.6%36.9%
External debt stocks, % of GNI36.3%78.4%
External debt stocks$23.3B$17.7B
Short-term debt, % of total reserves57.7%20.6%
Total debt service, % of exports and primary income9.4%26.1%
Adjusted net savings including particulate emission damage, % of GNI-8.4%4.9%
Gross savings, % of GDP21%30.4%
Gross capital formation, % of GDP14.9%20%
Total reserves including gold$6.3B$2.2B
Foreign direct investment net inflows$3B$335.2M

Exports, imports and economic structure

StatGhanaPapua New Guinea
Exports of goods and services, % of GDP35.3%72.2%
Imports of goods and services, % of GDP36.4%58.9%
Current account balance (balance of payments)-$2B$5.5B
Revenue excluding grants, % of GDP27.2%15.9%
Grants excluding technical cooperation, BoP$713.6M$268.9M
Personal remittances received$3.5B$2.9M
Industry including construction value added, % of GDP31.5%36.4%
Agriculture, forestry and fishing value added, % of GDP18.3%17.6%
Charges for the use of intellectual property, payments BoP$700k$139k
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP30.5%19.1%
Government Expenditure, % of GDP20%21.3%

Compare with countries close by GDP per capita

Ghana vs

CountryGDP
per capita
Population
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
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
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

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
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
Kenya
$1.7k
48.5M