Madagascar 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 Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Madagascar ranked 32nd vs 55th and 137th vs 190th, respectively.

Gross Domestic Product & Income

StatMadagascarPapua New Guinea
GDP$13.9B$23.5B
GDP growth, 1 year5.2%0%
GDP growth, 5-years average4%5%
Population25.6M8.3M
GDP per capita$528$2.7k
GDP per capita growth1.81%-2.76%
Purchasing Power Parity conversion factor929.92.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.280.63
GDP per capita, PPP adjusted$1.6k$3.7k
GNI, Atlas method$13.3B$22.1B
GNI per capita$510$2.6k
GNI, PPP adjusted$48.2B$36.3B
GNI per capita, PPP adjusted$1.8k$4.2k

Financial system and Human development

StatMadagascarPapua New Guinea
Income Tax Rate20%42%
Corporate Tax Rate20%30%
Inflation, consumer prices7.3%4.7%
Inflation, GDP deflator7.6%7.1%
Unemployment1.7%2.4%
Economic Freedom Index60.558.4
Personal Freedom Index7.297.24
Human Freedom Index6.696.99
Property Rights Index45.654.9
Judical Effectiveness Index39.648.4
Business Freedom Index47.358.4
Fiscal Health Index90.676.4
Labor Freedom Index44.669.6
Investment Freedom Index5525
Financial Freedom Index5030
Trade Freedom Index73.679.8
Monetary Freedom Index72.770.7
Government Spending Index91.586.4
Tax Burden Index90.771.5
Government Integrity Index2529.7
Corruption Perceptions Index2528
Life expectancy at birth, years66.364
Suicide mortality rate, per 100,000 people3.96
Mortality caused by road traffic injury, per 100,000 people28.614.2
Intentional homicides, per 100,000 people7.77.9
International tourism, number of arrivals291k140k

Government debt & reserves

StatMadagascarPapua New Guinea
Central government debt, % of GDP39.7%36.9%
External debt stocks, % of GNI31.8%78.4%
External debt stocks$3.7B$17.7B
Short-term debt, % of total reserves15.6%20.6%
Total debt service, % of exports and primary income2.7%26.1%
Adjusted net savings including particulate emission damage, % of GNI7.7%4.9%
Gross savings, % of GDP18.6%30.4%
Gross capital formation, % of GDP19.6%20%
Total reserves including gold$1.7B$2.2B
Foreign direct investment net inflows$612M$335.2M

Exports, imports and economic structure

StatMadagascarPapua New Guinea
Exports of goods and services, % of GDP28.7%72.2%
Imports of goods and services, % of GDP33.8%58.9%
Current account balance (balance of payments)$80.1M$5.5B
Revenue excluding grants, % of GDP11.4%15.9%
Grants excluding technical cooperation, BoP$373.7M$268.9M
Personal remittances received$425.5M$2.9M
Industry including construction value added, % of GDP23.1%36.4%
Agriculture, forestry and fishing value added, % of GDP23.8%17.6%
Charges for the use of intellectual property, payments BoP$17.1M$139k
Charges for the use of intellectual property, receipts BoP$4.5MN/A
Expense, % of GDP9.8%19.1%
Government Expenditure, % of GDP16.8%21.3%

Compare with countries close by GDP per capita

Madagascar vs

CountryGDP
per capita
Population
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
Guinea-Bissau
$778
1.86M
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
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

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