Nepal vs Papua New Guinea: Economic Indicators Comparison

Nepal with a GDP of $29B ranked the 103rd largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Nepal and Papua New Guinea ranked 37th vs 32nd and 170th vs 137th, respectively.

Gross Domestic Product & Income

StatNepalPapua New Guinea
GDP$29B$23.5B
GDP growth, 1 year6.3%0%
GDP growth, 5-years average4.8%5%
Population29.4M8.3M
GDP per capita$1k$2.7k
GDP per capita growth4.91%-2.76%
Purchasing Power Parity conversion factor34.932.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.63
GDP per capita, PPP adjusted$2.9k$3.7k
GNI, Atlas method$27.2B$22.1B
GNI per capita$970$2.6k
GNI, PPP adjusted$87.4B$36.3B
GNI per capita, PPP adjusted$3.1k$4.2k

Financial system and Human development

StatNepalPapua New Guinea
Income Tax Rate25%42%
Corporate Tax Rate25%30%
Inflation, consumer prices4.2%4.7%
Inflation, GDP deflator6.3%7.1%
Unemployment1.3%2.4%
Economic Freedom Index54.258.4
Personal Freedom Index7.757.24
Human Freedom Index6.836.99
Property Rights Index40.754.9
Judical Effectiveness Index3248.4
Business Freedom Index61.658.4
Fiscal Health Index98.176.4
Labor Freedom Index53.769.6
Investment Freedom Index1025
Financial Freedom Index3030
Trade Freedom Index60.479.8
Monetary Freedom Index71.270.7
Government Spending Index77.986.4
Tax Burden Index83.471.5
Government Integrity Index31.529.7
Corruption Perceptions Index3128
Life expectancy at birth, years70.264
Suicide mortality rate, per 100,000 people8.86
Mortality caused by road traffic injury, per 100,000 people15.914.2
Intentional homicides, per 100,000 people2.27.9
International tourism, number of arrivals1.2M140k

Government debt & reserves

StatNepalPapua New Guinea
Central government debt, % of GDP30.4%36.9%
External debt stocks, % of GNI18.9%78.4%
External debt stocks$5.5B$17.7B
Short-term debt, % of total reserves3%20.6%
Total debt service, % of exports and primary income8.5%26.1%
Adjusted net savings including particulate emission damage, % of GNI38.1%4.9%
Gross savings, % of GDP49.5%30.4%
Gross capital formation, % of GDP55.2%20%
Total reserves including gold$8.3B$2.2B
Foreign direct investment net inflows$68.2M$335.2M

Exports, imports and economic structure

StatNepalPapua New Guinea
Exports of goods and services, % of GDP8.9%72.2%
Imports of goods and services, % of GDP46.3%58.9%
Current account balance (balance of payments)-$2.8B$5.5B
Revenue excluding grants, % of GDP22.9%15.9%
Grants excluding technical cooperation, BoP$629.7M$268.9M
Personal remittances received$8.3B$2.9M
Industry including construction value added, % of GDP13.5%36.4%
Agriculture, forestry and fishing value added, % of GDP25.3%17.6%
Charges for the use of intellectual property, payments BoPN/A$139k
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP19.4%19.1%
Government Expenditure, % of GDP27.2%21.3%

Compare with countries close by GDP per capita

Nepal vs

CountryGDP
per capita
Population
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
Myanmar
$1.3k
53.4M
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
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

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