New Zealand vs Palau: Economic Indicators Comparison

New Zealand with a GDP of $204.9B ranked the 53rd largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, New Zealand and Palau ranked 25th vs 60th, respectively.

Gross Domestic Product & Income

Stat	New Zealand	Palau
GDP	$204.9B	$284M
GDP growth, 1 year	3%	1.71%
GDP growth, 5-years average	3.4%	N/A
Population	4.9M	22k
GDP per capita	$42k	$16k
GDP per capita growth	0.85%	1.14%
Purchasing Power Parity conversion factor	1.48	0.86
Price level ratio of PPP conversion factor GDP to market exchange rate	1.02	0.86
GDP per capita, PPP adjusted	$40k	$19k
GNI, Atlas method	$198.6B	$309.4M
GNI per capita	$41k	$17k
GNI, PPP adjusted	$192.5B	$349.4M
GNI per capita, PPP adjusted	$39k	$20k

Financial system and Human development

Stat	New Zealand	Palau
Income Tax Rate	33%	N/A
Corporate Tax Rate	28%	N/A
Inflation, consumer prices	1.6%	1.3%
Inflation, GDP deflator	1.1%	-2.5%
Unemployment	4.5%	1.4%
Economic Freedom Index	84.1	62
Personal Freedom Index	9.42	6.4
Human Freedom Index	8.94	6.4
Property Rights Index	93.3	N/A
Judical Effectiveness Index	79.1	N/A
Business Freedom Index	90.4	N/A
Fiscal Health Index	98.3	N/A
Labor Freedom Index	86.7	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	80	N/A
Trade Freedom Index	92.2	N/A
Monetary Freedom Index	87	N/A
Government Spending Index	57.8	N/A
Tax Burden Index	71	N/A
Government Integrity Index	93.9	N/A
Corruption Perceptions Index	87	49
Life expectancy at birth, years	81.7	69.1
Suicide mortality rate, per 100,000 people	12.1	21.7
Mortality caused by road traffic injury, per 100,000 people	7.8	4.8
Intentional homicides, per 100,000 people	0.7	3.1
International tourism, number of arrivals	3.7M	106k

Government debt & reserves

Stat	New Zealand	Palau
Central government debt, % of GDP	29.4%	67.5%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	13.9%	N/A
Gross savings, % of GDP	19.6%	10.7%
Gross capital formation, % of GDP	23.9%	26.7%
Total reserves including gold	$17.7B	N/A
Foreign direct investment net inflows	$2.1B	$21.5M

Exports, imports and economic structure

Stat	New Zealand	Palau
Exports of goods and services, % of GDP	28.1%	47%
Imports of goods and services, % of GDP	28.3%	76.3%
Current account balance (balance of payments)	-$7.7B	-$51.8M
Revenue excluding grants, % of GDP	33%	27.3%
Grants excluding technical cooperation, BoP	N/A	$81.2M
Personal remittances received	$452.5M	$2.2M
Industry including construction value added, % of GDP	19.2%	8%
Agriculture, forestry and fishing value added, % of GDP	6.6%	3.2%
Charges for the use of intellectual property, payments BoP	$912.8M	N/A
Charges for the use of intellectual property, receipts BoP	$540.5M	N/A
Expense, % of GDP	30.7%	41.4%
Government Expenditure, % of GDP	37.5%	N/A