Papua New Guinea vs Paraguay: Economic Indicators Comparison

Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Paraguay and Papua New Guinea ranked 50th vs 32nd and 104th vs 137th, respectively.

Gross Domestic Product & Income

StatPapua New GuineaParaguay
GDP$23.5B$40.5B
GDP growth, 1 year0%3.7%
GDP growth, 5-years average5%4.2%
Population8.3M6.8M
GDP per capita$2.7k$5.8k
GDP per capita growth-2.76%2.35%
Purchasing Power Parity conversion factor2.062453.78
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.43
GDP per capita, PPP adjusted$3.7k$13k
GNI, Atlas method$22.1B$39.4B
GNI per capita$2.6k$5.7k
GNI, PPP adjusted$36.3B$91.9B
GNI per capita, PPP adjusted$4.2k$13k

Financial system and Human development

StatPapua New GuineaParaguay
Income Tax Rate42%10%
Corporate Tax Rate30%10%
Inflation, consumer prices4.7%4%
Inflation, GDP deflator7.1%2.1%
Unemployment2.4%4.7%
Economic Freedom Index58.463
Personal Freedom Index7.247.3
Human Freedom Index6.997.02
Property Rights Index54.944.7
Judical Effectiveness Index48.426.4
Business Freedom Index58.460.9
Fiscal Health Index76.498
Labor Freedom Index69.629
Investment Freedom Index2575
Financial Freedom Index3060
Trade Freedom Index79.875.4
Monetary Freedom Index70.772.5
Government Spending Index86.488.6
Tax Burden Index71.596.1
Government Integrity Index29.729.6
Corruption Perceptions Index2829
Life expectancy at birth, years6474
Suicide mortality rate, per 100,000 people69.5
Mortality caused by road traffic injury, per 100,000 people14.222.7
Intentional homicides, per 100,000 people7.99.3
International tourism, number of arrivals140k1.2M

Government debt & reserves

StatPapua New GuineaParaguay
Central government debt, % of GDP36.9%21.6%
External debt stocks, % of GNI78.4%39.9%
External debt stocks$17.7B$15.8B
Short-term debt, % of total reserves20.6%60%
Total debt service, % of exports and primary income26.1%15.7%
Adjusted net savings including particulate emission damage, % of GNI4.9%14.5%
Gross savings, % of GDP30.4%23.2%
Gross capital formation, % of GDP20%22.4%
Total reserves including gold$2.2B$7.7B
Foreign direct investment net inflows$335.2M$386.9M

Exports, imports and economic structure

StatPapua New GuineaParaguay
Exports of goods and services, % of GDP72.2%36%
Imports of goods and services, % of GDP58.9%34.4%
Current account balance (balance of payments)$5.5B$8.6M
Revenue excluding grants, % of GDP15.9%17.4%
Grants excluding technical cooperation, BoP$268.9M$64.1M
Personal remittances received$2.9M$682.9M
Industry including construction value added, % of GDP36.4%33.9%
Agriculture, forestry and fishing value added, % of GDP17.6%10.4%
Charges for the use of intellectual property, payments BoP$139k$18.5M
Charges for the use of intellectual property, receipts BoPN/A$114.1M
Expense, % of GDP19.1%15.6%
Government Expenditure, % of GDP21.3%19.5%

Compare with countries close by GDP per capita

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

Paraguay vs

CountryGDP
per capita
Population
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M