Papua New Guinea vs Portugal: Economic Indicators Comparison

Portugal with a GDP of $240.7B ranked the 48th largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Portugal and Papua New Guinea ranked 135th vs 32nd and 40th vs 137th, respectively.

Gross Domestic Product & Income

StatPapua New GuineaPortugal
GDP$23.5B$240.7B
GDP growth, 1 year0%2.1%
GDP growth, 5-years average5%1.9%
Population8.3M10.6M
GDP per capita$2.7k$23k
GDP per capita growth-2.76%2.63%
Purchasing Power Parity conversion factor2.060.59
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.7
GDP per capita, PPP adjusted$3.7k$32k
GNI, Atlas method$22.1B$226.1B
GNI per capita$2.6k$22k
GNI, PPP adjusted$36.3B$336B
GNI per capita, PPP adjusted$4.2k$33k

Financial system and Human development

StatPapua New GuineaPortugal
Income Tax Rate42%48%
Corporate Tax Rate30%23%
Inflation, consumer prices4.7%1.2%
Inflation, GDP deflator7.1%1.6%
Unemployment2.4%6.9%
Economic Freedom Index58.467
Personal Freedom Index7.248.99
Human Freedom Index6.998.11
Property Rights Index54.975.4
Judical Effectiveness Index48.465.6
Business Freedom Index58.476.5
Fiscal Health Index76.474.4
Labor Freedom Index69.644.1
Investment Freedom Index2570
Financial Freedom Index3060
Trade Freedom Index79.886.4
Monetary Freedom Index70.783
Government Spending Index86.439.8
Tax Burden Index71.559.6
Government Integrity Index29.768.9
Corruption Perceptions Index2864
Life expectancy at birth, years6481.1
Suicide mortality rate, per 100,000 people614
Mortality caused by road traffic injury, per 100,000 people14.27.4
Intentional homicides, per 100,000 people7.90.7
International tourism, number of arrivals140k16.2M

Government debt & reserves

StatPapua New GuineaPortugal
Central government debt, % of GDP36.9%121.4%
External debt stocks, % of GNI78.4%N/A
External debt stocks$17.7BN/A
Short-term debt, % of total reserves20.6%N/A
Total debt service, % of exports and primary income26.1%N/A
Adjusted net savings including particulate emission damage, % of GNI4.9%3.4%
Gross savings, % of GDP30.4%18%
Gross capital formation, % of GDP20%18.1%
Total reserves including gold$2.2B$24.9B
Foreign direct investment net inflows$335.2M$6.4B

Exports, imports and economic structure

StatPapua New GuineaPortugal
Exports of goods and services, % of GDP72.2%43.5%
Imports of goods and services, % of GDP58.9%43.4%
Current account balance (balance of payments)$5.5B$956.9M
Revenue excluding grants, % of GDP15.9%37.5%
Grants excluding technical cooperation, BoP$268.9MN/A
Personal remittances received$2.9M$503.8M
Industry including construction value added, % of GDP36.4%19.2%
Agriculture, forestry and fishing value added, % of GDP17.6%2.1%
Charges for the use of intellectual property, payments BoP$139k$850.5M
Charges for the use of intellectual property, receipts BoPN/A$118.9M
Expense, % of GDP19.1%41.4%
Government Expenditure, % of GDP21.3%44.8%

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

Portugal vs

CountryGDP
per capita
Population
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
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