Namibia 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 Namibia ranked 127th with $14.5B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Namibia ranked 32nd vs 117th and 137th vs 102nd, respectively.

Gross Domestic Product & Income

StatNamibiaPapua New Guinea
GDP$14.5B$23.5B
GDP growth, 1 year-0.1%0%
GDP growth, 5-years average2.4%5%
Population2.5M8.3M
GDP per capita$5.9k$2.7k
GDP per capita growth-2.4%-2.76%
Purchasing Power Parity conversion factor7.072.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.530.63
GDP per capita, PPP adjusted$11k$3.7k
GNI, Atlas method$12.8B$22.1B
GNI per capita$5.2k$2.6k
GNI, PPP adjusted$26.6B$36.3B
GNI per capita, PPP adjusted$11k$4.2k

Financial system and Human development

StatNamibiaPapua New Guinea
Income Tax Rate37%42%
Corporate Tax Rate34%30%
Inflation, consumer prices4.3%4.7%
Inflation, GDP deflator7%7.1%
Unemployment23.1%2.4%
Economic Freedom Index60.958.4
Personal Freedom Index7.157.24
Human Freedom Index6.976.99
Property Rights Index58.954.9
Judical Effectiveness Index58.548.4
Business Freedom Index65.658.4
Fiscal Health Index28.776.4
Labor Freedom Index84.969.6
Investment Freedom Index6525
Financial Freedom Index4030
Trade Freedom Index83.279.8
Monetary Freedom Index75.970.7
Government Spending Index58.186.4
Tax Burden Index65.771.5
Government Integrity Index4629.7
Corruption Perceptions Index5328
Life expectancy at birth, years6364
Suicide mortality rate, per 100,000 people8.76
Mortality caused by road traffic injury, per 100,000 people30.414.2
Intentional homicides, per 100,000 people17.17.9
International tourism, number of arrivals1.5M140k

Government debt & reserves

StatNamibiaPapua New Guinea
Central government debt, % of GDP47.1%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 GNI4.5%4.9%
Gross savings, % of GDP14%30.4%
Gross capital formation, % of GDP12.6%20%
Total reserves including gold$2.1B$2.2B
Foreign direct investment net inflows$199.6M$335.2M

Exports, imports and economic structure

StatNamibiaPapua New Guinea
Exports of goods and services, % of GDP38.7%72.2%
Imports of goods and services, % of GDP44.9%58.9%
Current account balance (balance of payments)-$354.5M$5.5B
Revenue excluding grants, % of GDP31.6%15.9%
Grants excluding technical cooperation, BoP$127.9M$268.9M
Personal remittances received$53.7M$2.9M
Industry including construction value added, % of GDP29.3%36.4%
Agriculture, forestry and fishing value added, % of GDP7.2%17.6%
Charges for the use of intellectual property, payments BoP$1.3M$139k
Charges for the use of intellectual property, receipts BoP$1.4MN/A
Expense, % of GDP31.1%19.1%
Government Expenditure, % of GDP37.4%21.3%

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

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