Japan vs Papua New Guinea: Economic Indicators Comparison

Japan with a GDP of $5T ranked the 3rd largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Japan and Papua New Guinea ranked 152nd vs 32nd and 28th vs 137th, respectively.

Gross Domestic Product & Income

StatJapanPapua New Guinea
GDP$5T$23.5B
GDP growth, 1 year0.8%0%
GDP growth, 5-years average1%5%
Population126.8M8.3M
GDP per capita$39k$2.7k
GDP per capita growth0.99%-2.76%
Purchasing Power Parity conversion factor101.372.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.920.63
GDP per capita, PPP adjusted$44k$3.7k
GNI, Atlas method$5.2T$22.1B
GNI per capita$41k$2.6k
GNI, PPP adjusted$5.6T$36.3B
GNI per capita, PPP adjusted$44k$4.2k

Financial system and Human development

StatJapanPapua New Guinea
Income Tax Rate40.8%42%
Corporate Tax Rate23.9%30%
Inflation, consumer prices1%4.7%
Inflation, GDP deflator-0.1%7.1%
Unemployment2.5%2.4%
Economic Freedom Index73.358.4
Personal Freedom Index8.837.24
Human Freedom Index8.316.99
Property Rights Index86.654.9
Judical Effectiveness Index71.448.4
Business Freedom Index81.458.4
Fiscal Health Index6276.4
Labor Freedom Index78.769.6
Investment Freedom Index7025
Financial Freedom Index6030
Trade Freedom Index8079.8
Monetary Freedom Index84.470.7
Government Spending Index55.886.4
Tax Burden Index68.371.5
Government Integrity Index80.529.7
Corruption Perceptions Index7328
Life expectancy at birth, years84.164
Suicide mortality rate, per 100,000 people18.56
Mortality caused by road traffic injury, per 100,000 people4.114.2
Intentional homicides, per 100,000 people0.27.9
International tourism, number of arrivals31.2M140k

Government debt & reserves

StatJapanPapua New Guinea
Central government debt, % of GDP237.1%36.9%
External debt stocks, % of GNIN/A78.4%
External debt stocksN/A$17.7B
Short-term debt, % of total reservesN/A20.6%
Total debt service, % of exports and primary incomeN/A26.1%
Adjusted net savings including particulate emission damage, % of GNI7.3%4.9%
Gross savings, % of GDP28%30.4%
Gross capital formation, % of GDP24.4%20%
Total reserves including gold$1.3T$2.2B
Foreign direct investment net inflows$25.9B$335.2M

Exports, imports and economic structure

StatJapanPapua New Guinea
Exports of goods and services, % of GDP18.4%72.2%
Imports of goods and services, % of GDP18.2%58.9%
Current account balance (balance of payments)$174.7B$5.5B
Revenue excluding grants, % of GDP12.8%15.9%
Grants excluding technical cooperation, BoPN/A$268.9M
Personal remittances received$4.4B$2.9M
Industry including construction value added, % of GDP29.1%36.4%
Agriculture, forestry and fishing value added, % of GDP1.2%17.6%
Charges for the use of intellectual property, payments BoP$21.7B$139k
Charges for the use of intellectual property, receipts BoP$45.5BN/A
Expense, % of GDP16.4%19.1%
Government Expenditure, % of GDP38.4%21.3%

Compare with countries close by GDP per capita

Japan vs

CountryGDP
per capita
Population
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
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
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
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M

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