Palau vs Vanuatu: Economic Indicators Comparison

Vanuatu with a GDP of $914.3M ranked the 186th largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, Vanuatu and Palau ranked 133rd vs 60th, respectively.

Gross Domestic Product & Income

StatPalauVanuatu
GDP$284M$914.3M
GDP growth, 1 year1.71%3.2%
GDP growth, 5-years averageN/A2.7%
Population22k276k
GDP per capita$16k$3.1k
GDP per capita growth1.14%0.67%
Purchasing Power Parity conversion factor0.86106.84
Price level ratio of PPP conversion factor GDP to market exchange rate0.860.97
GDP per capita, PPP adjusted$19k$2.9k
GNI, Atlas method$309.4M$915.5M
GNI per capita$17k$3.1k
GNI, PPP adjusted$349.4M$951.3M
GNI per capita, PPP adjusted$20k$3.3k

Financial system and Human development

StatPalauVanuatu
Income Tax RateN/A0%
Corporate Tax RateN/A0%
Inflation, consumer prices1.3%2.8%
Inflation, GDP deflator-2.5%2.9%
Unemployment1.4%5.4%
Economic Freedom Index6260.7
Personal Freedom Index6.46.7
Human Freedom Index6.46.7
Property Rights IndexN/A68.3
Judical Effectiveness IndexN/A36.1
Business Freedom IndexN/A51.8
Fiscal Health IndexN/A78.4
Labor Freedom IndexN/A54.6
Investment Freedom IndexN/A65
Financial Freedom IndexN/A40
Trade Freedom IndexN/A63.4
Monetary Freedom IndexN/A74.6
Government Spending IndexN/A61.1
Tax Burden IndexN/A97.1
Government Integrity IndexN/A37.4
Corruption Perceptions Index4946
Life expectancy at birth, years69.170.2
Suicide mortality rate, per 100,000 people21.74.5
Mortality caused by road traffic injury, per 100,000 people4.815.9
Intentional homicides, per 100,000 people3.12.1
International tourism, number of arrivals106k116k

Government debt & reserves

StatPalauVanuatu
Central government debt, % of GDP67.5%50.5%
External debt stocks, % of GNIN/A45.9%
External debt stocksN/A$402.2M
Short-term debt, % of total reservesN/A10.7%
Total debt service, % of exports and primary incomeN/A2.1%
Adjusted net savings including particulate emission damage, % of GNIN/A20.8%
Gross savings, % of GDP10.7%31.8%
Gross capital formation, % of GDP26.7%26.4%
Total reserves including goldN/A$420.6M
Foreign direct investment net inflows$21.5M$37.6M

Exports, imports and economic structure

StatPalauVanuatu
Exports of goods and services, % of GDP47%48.6%
Imports of goods and services, % of GDP76.3%49.4%
Current account balance (balance of payments)-$51.8M$85.4M
Revenue excluding grants, % of GDP27.3%30.3%
Grants excluding technical cooperation, BoP$81.2M$57.9M
Personal remittances received$2.2M$35.2M
Industry including construction value added, % of GDP8%11.1%
Agriculture, forestry and fishing value added, % of GDP3.2%25.8%
Charges for the use of intellectual property, payments BoPN/A$543k
Charges for the use of intellectual property, receipts BoPN/A$718k
Expense, % of GDP41.4%25.6%
Government Expenditure, % of GDPN/A36%

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

Vanuatu vs

CountryGDP
per capita
Population
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
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
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
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