Guinea-Bissau 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 Guinea-Bissau ranked 181st with $1.5B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Guinea-Bissau ranked 32nd vs 44th and 137th vs 179th, respectively.

Gross Domestic Product & Income

StatGuinea-BissauPapua New Guinea
GDP$1.5B$23.5B
GDP growth, 1 year3.8%0%
GDP growth, 5-years average4.6%5%
Population1.9M8.3M
GDP per capita$778$2.7k
GDP per capita growth1.24%-2.76%
Purchasing Power Parity conversion factor240.312.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.63
GDP per capita, PPP adjusted$1.9k$3.7k
GNI, Atlas method$1.4B$22.1B
GNI per capita$750$2.6k
GNI, PPP adjusted$3.4B$36.3B
GNI per capita, PPP adjusted$1.8k$4.2k

Financial system and Human development

StatGuinea-BissauPapua New Guinea
Income Tax Rate20%42%
Corporate Tax Rate25%30%
Inflation, consumer prices1.4%4.7%
Inflation, GDP deflator-0.4%7.1%
Unemployment4.1%2.4%
Economic Freedom Index53.358.4
Personal Freedom Index6.837.24
Human Freedom Index5.976.99
Property Rights Index41.354.9
Judical Effectiveness Index48.448.4
Business Freedom Index39.158.4
Fiscal Health Index67.376.4
Labor Freedom Index61.269.6
Investment Freedom Index3025
Financial Freedom Index3030
Trade Freedom Index4979.8
Monetary Freedom Index82.770.7
Government Spending Index86.786.4
Tax Burden Index88.771.5
Government Integrity Index14.829.7
Corruption Perceptions Index1628
Life expectancy at birth, years57.764
Suicide mortality rate, per 100,000 people46
Mortality caused by road traffic injury, per 100,000 people31.114.2
Intentional homicides, per 100,000 people1.17.9
International tourism, number of arrivals45k140k

Government debt & reserves

StatGuinea-BissauPapua New Guinea
Central government debt, % of GDP56.1%36.9%
External debt stocks, % of GNI28.9%78.4%
External debt stocks$420.7M$17.7B
Short-term debt, % of total reservesN/A20.6%
Total debt service, % of exports and primary income1.9%26.1%
Adjusted net savings including particulate emission damage, % of GNI-11%4.9%
Gross savings, % of GDP8.8%30.4%
Gross capital formation, % of GDP10.9%20%
Total reserves including goldN/A$2.2B
Foreign direct investment net inflows$20.6M$335.2M

Exports, imports and economic structure

StatGuinea-BissauPapua New Guinea
Exports of goods and services, % of GDP25.3%72.2%
Imports of goods and services, % of GDP32.5%58.9%
Current account balance (balance of payments)-$54.1M$5.5B
Revenue excluding grants, % of GDP12.7%15.9%
Grants excluding technical cooperation, BoP$80M$268.9M
Personal remittances received$127.9M$2.9M
Industry including construction value added, % of GDP12.6%36.4%
Agriculture, forestry and fishing value added, % of GDP47.5%17.6%
Charges for the use of intellectual property, payments BoP$2.4k$139k
Charges for the use of intellectual property, receipts BoP$79kN/A
Expense, % of GDP12.6%19.1%
Government Expenditure, % of GDP21.1%21.3%

Compare with countries close by GDP per capita

Guinea-Bissau vs

CountryGDP
per capita
Population
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M

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