Palau 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 Palau ranked 192nd with $284M. By GDP per capita, Papua New Guinea and Palau ranked 137th vs 60th, respectively.

Gross Domestic Product & Income

StatPalauPapua New Guinea
GDP$284M$23.5B
GDP growth, 1 year1.71%0%
GDP growth, 5-years averageN/A5%
Population22k8.3M
GDP per capita$16k$2.7k
GDP per capita growth1.14%-2.76%
Purchasing Power Parity conversion factor0.862.06
Price level ratio of PPP conversion factor GDP to market exchange rate0.860.63
GDP per capita, PPP adjusted$19k$3.7k
GNI, Atlas method$309.4M$22.1B
GNI per capita$17k$2.6k
GNI, PPP adjusted$349.4M$36.3B
GNI per capita, PPP adjusted$20k$4.2k

Financial system and Human development

StatPalauPapua New Guinea
Income Tax RateN/A42%
Corporate Tax RateN/A30%
Inflation, consumer prices1.3%4.7%
Inflation, GDP deflator-2.5%7.1%
Unemployment1.4%2.4%
Economic Freedom Index6258.4
Personal Freedom Index6.47.24
Human Freedom Index6.46.99
Property Rights IndexN/A54.9
Judical Effectiveness IndexN/A48.4
Business Freedom IndexN/A58.4
Fiscal Health IndexN/A76.4
Labor Freedom IndexN/A69.6
Investment Freedom IndexN/A25
Financial Freedom IndexN/A30
Trade Freedom IndexN/A79.8
Monetary Freedom IndexN/A70.7
Government Spending IndexN/A86.4
Tax Burden IndexN/A71.5
Government Integrity IndexN/A29.7
Corruption Perceptions Index4928
Life expectancy at birth, years69.164
Suicide mortality rate, per 100,000 people21.76
Mortality caused by road traffic injury, per 100,000 people4.814.2
Intentional homicides, per 100,000 people3.17.9
International tourism, number of arrivals106k140k

Government debt & reserves

StatPalauPapua New Guinea
Central government debt, % of GDP67.5%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 GNIN/A4.9%
Gross savings, % of GDP10.7%30.4%
Gross capital formation, % of GDP26.7%20%
Total reserves including goldN/A$2.2B
Foreign direct investment net inflows$21.5M$335.2M

Exports, imports and economic structure

StatPalauPapua New Guinea
Exports of goods and services, % of GDP47%72.2%
Imports of goods and services, % of GDP76.3%58.9%
Current account balance (balance of payments)-$51.8M$5.5B
Revenue excluding grants, % of GDP27.3%15.9%
Grants excluding technical cooperation, BoP$81.2M$268.9M
Personal remittances received$2.2M$2.9M
Industry including construction value added, % of GDP8%36.4%
Agriculture, forestry and fishing value added, % of GDP3.2%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 GDP41.4%19.1%
Government Expenditure, % of GDPN/A21.3%

Compare with countries close by GDP per capita

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

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