Norway vs Tanzania: Economic Indicators Comparison
Gross Domestic Product & Income
Stat | ||
---|---|---|
GDP | $434.2B | $58B |
GDP growth, 1 year | 1.4% | 6.6% |
GDP growth, 5-years average | 1.7% | 6.6% |
Population | 5.4M | 57.3M |
GDP per capita | $82k | $1.1k |
GDP per capita growth | 0.58% | 2.12% |
Purchasing Power Parity conversion factor | 10.14 | 741.25 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 1.25 | 0.33 |
GDP per capita, PPP adjusted | $74k | $3.4k |
GNI, Atlas method | $428.4B | $55.7B |
GNI per capita | $81k | $1k |
GNI, PPP adjusted | $363B | $171.7B |
GNI per capita, PPP adjusted | $68k | $3.2k |
Financial system and Human development
Stat | ||
---|---|---|
Income Tax Rate | 47.8% | 30% |
Corporate Tax Rate | 22% | 30% |
Inflation, consumer prices | 2.8% | 3.5% |
Inflation, GDP deflator | 5.8% | 4.8% |
Unemployment | 3.9% | 1.9% |
Economic Freedom Index | 73.4 | 61.7 |
Personal Freedom Index | 9.55 | 6.51 |
Human Freedom Index | 8.61 | 6.37 |
Property Rights Index | 84.3 | 41.9 |
Judical Effectiveness Index | 82.8 | 43.4 |
Business Freedom Index | 86.1 | 45.9 |
Fiscal Health Index | 97.3 | 92.9 |
Labor Freedom Index | 57.4 | 66.4 |
Investment Freedom Index | 75 | 55 |
Financial Freedom Index | 60 | 50 |
Trade Freedom Index | 83.8 | 67.8 |
Monetary Freedom Index | 74.8 | 72.2 |
Government Spending Index | 25.6 | 91.6 |
Tax Burden Index | 57.7 | 80.6 |
Government Integrity Index | 95.6 | 32.5 |
Corruption Perceptions Index | 84 | 36 |
Life expectancy at birth, years | 82.5 | 64.5 |
Suicide mortality rate, per 100,000 people | 12.2 | 5.4 |
Mortality caused by road traffic injury, per 100,000 people | 2.7 | 29.2 |
Intentional homicides, per 100,000 people | 0.5 | 7 |
International tourism, number of arrivals | 5.7M | 1.4M |
Government debt & reserves
Stat | ||
---|---|---|
Central government debt, % of GDP | 36.8% | 36% |
External debt stocks, % of GNI | N/A | 33.1% |
External debt stocks | N/A | $18.6B |
Short-term debt, % of total reserves | N/A | 35.9% |
Total debt service, % of exports and primary income | N/A | 8.4% |
Adjusted net savings including particulate emission damage, % of GNI | 16.9% | 23.1% |
Gross savings, % of GDP | 35.9% | 30.5% |
Gross capital formation, % of GDP | 27.3% | 34% |
Total reserves including gold | $63.1B | $5B |
Foreign direct investment net inflows | -$17.4B | $1.1B |
Exports, imports and economic structure
Stat | ||
---|---|---|
Exports of goods and services, % of GDP | 38.4% | 15.1% |
Imports of goods and services, % of GDP | 32.6% | 17.1% |
Current account balance (balance of payments) | $31.4B | -$1.9B |
Revenue excluding grants, % of GDP | 47.4% | 13.7% |
Grants excluding technical cooperation, BoP | N/A | $1.6B |
Personal remittances received | $644.3M | $412.9M |
Industry including construction value added, % of GDP | 32% | 25.1% |
Agriculture, forestry and fishing value added, % of GDP | 1.9% | 28.7% |
Charges for the use of intellectual property, payments BoP | $768.9M | $6.1M |
Charges for the use of intellectual property, receipts BoP | $515.2M | $83k |
Expense, % of GDP | 37.7% | 14.3% |
Government Expenditure, % of GDP | 49.8% | 16.8% |