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India vs New Zealand: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while New Zealand ranked 53rd with $204.9B. By GDP 5-years average growth and GDP per capita, India and New Zealand ranked 6th vs 72nd and 150th vs 25th, respectively.

Gross Domestic Product & Income

StatIndiaNew Zealand
GDP$2.7T$204.9B
GDP growth, 1 year7.1%3%
GDP growth, 5-years average7.6%3.4%
Population1.3B4.9M
GDP per capita$2k$42k
GDP per capita growth5.71%0.85%
Purchasing Power Parity conversion factor18.11.48
Price level ratio of PPP conversion factor GDP to market exchange rate0.261.02
GDP per capita, PPP adjusted$7.9k$40k
GNI, Atlas method$2.7T$198.6B
GNI per capita$2k$41k
GNI, PPP adjusted$10.4T$192.5B
GNI per capita, PPP adjusted$7.7k$39k

Financial system and Human development

StatIndiaNew Zealand
Income Tax Rate30.9%33%
Corporate Tax Rate32.4%28%
Inflation, consumer prices3.5%1.6%
Inflation, GDP deflator4.1%1.1%
Unemployment2.6%4.5%
Economic Freedom Index56.584.1
Personal Freedom Index6.969.42
Human Freedom Index6.88.94
Property Rights Index6393.3
Judical Effectiveness Index64.179.1
Business Freedom Index65.690.4
Fiscal Health Index13.198.3
Labor Freedom Index41.286.7
Investment Freedom Index4080
Financial Freedom Index4080
Trade Freedom Index73.492.2
Monetary Freedom Index7387
Government Spending Index77.957.8
Tax Burden Index79.471
Government Integrity Index47.293.9
Corruption Perceptions Index4187
Life expectancy at birth, years69.281.7
Suicide mortality rate, per 100,000 people16.312.1
Mortality caused by road traffic injury, per 100,000 people22.67.8
Intentional homicides, per 100,000 people3.20.7
International tourism, number of arrivals17.4M3.7M

Government debt & reserves

StatIndiaNew Zealand
Central government debt, % of GDP69.8%29.4%
External debt stocks, % of GNI19.3%N/A
External debt stocks$521.4BN/A
Short-term debt, % of total reserves26.1%N/A
Total debt service, % of exports and primary income11.4%N/A
Adjusted net savings including particulate emission damage, % of GNI16.3%13.9%
Gross savings, % of GDP30.9%19.6%
Gross capital formation, % of GDP31.3%23.9%
Total reserves including gold$399.2B$17.7B
Foreign direct investment net inflows$42.1B$2.1B

Exports, imports and economic structure

StatIndiaNew Zealand
Exports of goods and services, % of GDP19.7%28.1%
Imports of goods and services, % of GDP23.6%28.3%
Current account balance (balance of payments)-$65.6B-$7.7B
Revenue excluding grants, % of GDP12.9%33%
Grants excluding technical cooperation, BoP$689.4MN/A
Personal remittances received$78.8B$452.5M
Industry including construction value added, % of GDP26.7%19.2%
Agriculture, forestry and fishing value added, % of GDP14.6%6.6%
Charges for the use of intellectual property, payments BoP$7.9B$912.8M
Charges for the use of intellectual property, receipts BoP$784.9M$540.5M
Expense, % of GDP14.9%30.7%
Government Expenditure, % of GDP27.1%37.5%

Compare with countries close by GDP per capita

India vs

CountryGDP
per capita
Population
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
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
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
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M

New Zealand vs

CountryGDP
per capita
Population
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M