Myanmar vs Papua New Guinea: Economic Indicators Comparison

Myanmar with a GDP of $71.2B ranked the 71st largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Myanmar and Papua New Guinea ranked 13th vs 32nd and 164th vs 137th, respectively.

Gross Domestic Product & Income

StatMyanmarPapua New Guinea
GDP$71.2B$23.5B
GDP growth, 1 year6.7%0%
GDP growth, 5-years average6.8%5%
Population53.4M8.3M
GDP per capita$1.3k$2.7k
GDP per capita growth5.56%-2.76%
Purchasing Power Parity conversion factor290.172.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.290.63
GDP per capita, PPP adjusted$6.2k$3.7k
GNI, Atlas method$70.2B$22.1B
GNI per capita$1.3k$2.6k
GNI, PPP adjusted$348.9B$36.3B
GNI per capita, PPP adjusted$6.5k$4.2k

Financial system and Human development

StatMyanmarPapua New Guinea
Income Tax Rate20%42%
Corporate Tax Rate30%30%
Inflation, consumer prices5.9%4.7%
Inflation, GDP deflator8.3%7.1%
Unemployment1.6%2.4%
Economic Freedom Index5458.4
Personal Freedom Index5.967.24
Human Freedom Index4.816.99
Property Rights Index32.554.9
Judical Effectiveness Index14.348.4
Business Freedom Index53.158.4
Fiscal Health Index84.676.4
Labor Freedom Index59.969.6
Investment Freedom Index3025
Financial Freedom Index2030
Trade Freedom Index70.879.8
Monetary Freedom Index77.570.7
Government Spending Index87.586.4
Tax Burden Index86.671.5
Government Integrity Index31.529.7
Corruption Perceptions Index2928
Life expectancy at birth, years66.664
Suicide mortality rate, per 100,000 people7.86
Mortality caused by road traffic injury, per 100,000 people19.914.2
Intentional homicides, per 100,000 people2.37.9
International tourism, number of arrivals3.6M140k

Government debt & reserves

StatMyanmarPapua New Guinea
Central government debt, % of GDP38.2%36.9%
External debt stocks, % of GNI21.5%78.4%
External debt stocks$14.9B$17.7B
Short-term debt, % of total reserves15.6%20.6%
Total debt service, % of exports and primary income4.9%26.1%
Adjusted net savings including particulate emission damage, % of GNI23.1%4.9%
Gross savings, % of GDP29.2%30.4%
Gross capital formation, % of GDP32.8%20%
Total reserves including gold$5.6B$2.2B
Foreign direct investment net inflows$1.3B$335.2M

Exports, imports and economic structure

StatMyanmarPapua New Guinea
Exports of goods and services, % of GDP20%72.2%
Imports of goods and services, % of GDP28%58.9%
Current account balance (balance of payments)-$2.1B$5.5B
Revenue excluding grants, % of GDP15.8%15.9%
Grants excluding technical cooperation, BoP$886.7M$268.9M
Personal remittances received$2.8B$2.9M
Industry including construction value added, % of GDP32.3%36.4%
Agriculture, forestry and fishing value added, % of GDP24.6%17.6%
Charges for the use of intellectual property, payments BoP$47.3M$139k
Charges for the use of intellectual property, receipts BoP$2.6MN/A
Expense, % of GDP16.8%19.1%
Government Expenditure, % of GDP20.4%21.3%

Compare with countries close by GDP per capita

Myanmar vs

CountryGDP
per capita
Population
Nigeria
$2k
191M
India
$2k
1.33B
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
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
Guinea-Bissau
$778
1.86M

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