Namibia vs Palau: Economic Indicators Comparison

Namibia with a GDP of $14.5B ranked the 127th largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, Namibia and Palau ranked 102nd vs 60th, respectively.

Gross Domestic Product & Income

StatNamibiaPalau
GDP$14.5B$284M
GDP growth, 1 year-0.1%1.71%
GDP growth, 5-years average2.4%N/A
Population2.5M22k
GDP per capita$5.9k$16k
GDP per capita growth-2.4%1.14%
Purchasing Power Parity conversion factor7.070.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.530.86
GDP per capita, PPP adjusted$11k$19k
GNI, Atlas method$12.8B$309.4M
GNI per capita$5.2k$17k
GNI, PPP adjusted$26.6B$349.4M
GNI per capita, PPP adjusted$11k$20k

Financial system and Human development

StatNamibiaPalau
Income Tax Rate37%N/A
Corporate Tax Rate34%N/A
Inflation, consumer prices4.3%1.3%
Inflation, GDP deflator7%-2.5%
Unemployment23.1%1.4%
Economic Freedom Index60.962
Personal Freedom Index7.156.4
Human Freedom Index6.976.4
Property Rights Index58.9N/A
Judical Effectiveness Index58.5N/A
Business Freedom Index65.6N/A
Fiscal Health Index28.7N/A
Labor Freedom Index84.9N/A
Investment Freedom Index65N/A
Financial Freedom Index40N/A
Trade Freedom Index83.2N/A
Monetary Freedom Index75.9N/A
Government Spending Index58.1N/A
Tax Burden Index65.7N/A
Government Integrity Index46N/A
Corruption Perceptions Index5349
Life expectancy at birth, years6369.1
Suicide mortality rate, per 100,000 people8.721.7
Mortality caused by road traffic injury, per 100,000 people30.44.8
Intentional homicides, per 100,000 people17.13.1
International tourism, number of arrivals1.5M106k

Government debt & reserves

StatNamibiaPalau
Central government debt, % of GDP47.1%67.5%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI4.5%N/A
Gross savings, % of GDP14%10.7%
Gross capital formation, % of GDP12.6%26.7%
Total reserves including gold$2.1BN/A
Foreign direct investment net inflows$199.6M$21.5M

Exports, imports and economic structure

StatNamibiaPalau
Exports of goods and services, % of GDP38.7%47%
Imports of goods and services, % of GDP44.9%76.3%
Current account balance (balance of payments)-$354.5M-$51.8M
Revenue excluding grants, % of GDP31.6%27.3%
Grants excluding technical cooperation, BoP$127.9M$81.2M
Personal remittances received$53.7M$2.2M
Industry including construction value added, % of GDP29.3%8%
Agriculture, forestry and fishing value added, % of GDP7.2%3.2%
Charges for the use of intellectual property, payments BoP$1.3MN/A
Charges for the use of intellectual property, receipts BoP$1.4MN/A
Expense, % of GDP31.1%41.4%
Government Expenditure, % of GDP37.4%N/A

Compare with countries close by GDP per capita

Namibia vs

CountryGDP
per capita
Population
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M

Palau vs

CountryGDP
per capita
Population
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M