Malawi 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 Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Malawi ranked 32nd vs 63rd and 137th vs 195th, respectively.

Gross Domestic Product & Income

StatMalawiPapua New Guinea
GDP$7.1B$23.5B
GDP growth, 1 year3.2%0%
GDP growth, 5-years average3.6%5%
Population18.6M8.3M
GDP per capita$389$2.7k
GDP per capita growth0.8%-2.76%
Purchasing Power Parity conversion factor217.522.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.63
GDP per capita, PPP adjusted$1.2k$3.7k
GNI, Atlas method$6.5B$22.1B
GNI per capita$360$2.6k
GNI, PPP adjusted$23.7B$36.3B
GNI per capita, PPP adjusted$1.3k$4.2k

Financial system and Human development

StatMalawiPapua New Guinea
Income Tax Rate30%42%
Corporate Tax Rate30%30%
Inflation, consumer prices9.2%4.7%
Inflation, GDP deflator8.6%7.1%
Unemployment5.4%2.4%
Economic Freedom Index52.858.4
Personal Freedom Index7.187.24
Human Freedom Index6.686.99
Property Rights Index43.154.9
Judical Effectiveness Index42.148.4
Business Freedom Index41.958.4
Fiscal Health Index23.676.4
Labor Freedom Index62.869.6
Investment Freedom Index5025
Financial Freedom Index5030
Trade Freedom Index75.479.8
Monetary Freedom Index69.170.7
Government Spending Index71.786.4
Tax Burden Index7971.5
Government Integrity Index24.829.7
Corruption Perceptions Index3228
Life expectancy at birth, years63.364
Suicide mortality rate, per 100,000 people3.76
Mortality caused by road traffic injury, per 100,000 people3114.2
Intentional homicides, per 100,000 people1.77.9
International tourism, number of arrivals871k140k

Government debt & reserves

StatMalawiPapua New Guinea
Central government debt, % of GDP61.3%36.9%
External debt stocks, % of GNI32.2%78.4%
External debt stocks$2.3B$17.7B
Short-term debt, % of total reserves3%20.6%
Total debt service, % of exports and primary income5.7%26.1%
Adjusted net savings including particulate emission damage, % of GNI-16.7%4.9%
Gross savings, % of GDP13.2%30.4%
Gross capital formation, % of GDP13.4%20%
Total reserves including gold$759.6M$2.2B
Foreign direct investment net inflows$102M$335.2M

Exports, imports and economic structure

StatMalawiPapua New Guinea
Exports of goods and services, % of GDP29.2%72.2%
Imports of goods and services, % of GDP36.2%58.9%
Current account balance (balance of payments)-$1.4B$5.5B
Revenue excluding grants, % of GDP18.1%15.9%
Grants excluding technical cooperation, BoP$973.7M$268.9M
Personal remittances received$181.6M$2.9M
Industry including construction value added, % of GDP14.4%36.4%
Agriculture, forestry and fishing value added, % of GDP26.1%17.6%
Charges for the use of intellectual property, payments BoP$3.2M$139k
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP20.9%19.1%
Government Expenditure, % of GDP30.7%21.3%

Compare with countries close by GDP per capita

Malawi vs

CountryGDP
per capita
Population
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
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Somalia
$315
11M
Burundi
$272
10.9M

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