Papua New Guinea vs Romania: Economic Indicators Comparison

Romania with a GDP of $239.6B ranked the 49th largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Romania and Papua New Guinea ranked 42nd vs 32nd and 64th vs 137th, respectively.

Gross Domestic Product & Income

StatPapua New GuineaRomania
GDP$23.5B$239.6B
GDP growth, 1 year0%4.1%
GDP growth, 5-years average5%4.6%
Population8.3M19.6M
GDP per capita$2.7k$12k
GDP per capita growth-2.76%4.56%
Purchasing Power Parity conversion factor2.061.72
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.44
GDP per capita, PPP adjusted$3.7k$26k
GNI, Atlas method$22.1B$219.9B
GNI per capita$2.6k$11k
GNI, PPP adjusted$36.3B$535.9B
GNI per capita, PPP adjusted$4.2k$28k

Financial system and Human development

StatPapua New GuineaRomania
Income Tax Rate42%10%
Corporate Tax Rate30%16%
Inflation, consumer prices4.7%4.6%
Inflation, GDP deflator7.1%5.9%
Unemployment2.4%4.3%
Economic Freedom Index58.469.7
Personal Freedom Index7.248.74
Human Freedom Index6.998
Property Rights Index54.972.5
Judical Effectiveness Index48.456.1
Business Freedom Index58.458.6
Fiscal Health Index76.485.6
Labor Freedom Index69.663
Investment Freedom Index2570
Financial Freedom Index3050
Trade Freedom Index79.886.4
Monetary Freedom Index70.778.1
Government Spending Index86.470.4
Tax Burden Index71.590.3
Government Integrity Index29.755.1
Corruption Perceptions Index2847
Life expectancy at birth, years6475.3
Suicide mortality rate, per 100,000 people610.4
Mortality caused by road traffic injury, per 100,000 people14.210.3
Intentional homicides, per 100,000 people7.91.5
International tourism, number of arrivals140k11.7M

Government debt & reserves

StatPapua New GuineaRomania
Central government debt, % of GDP36.9%36.6%
External debt stocks, % of GNI78.4%48%
External debt stocks$17.7B$112.1B
Short-term debt, % of total reserves20.6%37.7%
Total debt service, % of exports and primary income26.1%20.8%
Adjusted net savings including particulate emission damage, % of GNI4.9%3.4%
Gross savings, % of GDP30.4%19.7%
Gross capital formation, % of GDP20%24.2%
Total reserves including gold$2.2B$42.1B
Foreign direct investment net inflows$335.2M$7.3B

Exports, imports and economic structure

StatPapua New GuineaRomania
Exports of goods and services, % of GDP72.2%41.6%
Imports of goods and services, % of GDP58.9%44.9%
Current account balance (balance of payments)$5.5B-$10.9B
Revenue excluding grants, % of GDP15.9%28.6%
Grants excluding technical cooperation, BoP$268.9M$736M
Personal remittances received$2.9M$7B
Industry including construction value added, % of GDP36.4%29%
Agriculture, forestry and fishing value added, % of GDP17.6%4.3%
Charges for the use of intellectual property, payments BoP$139k$962.4M
Charges for the use of intellectual property, receipts BoPN/A$100.8M
Expense, % of GDP19.1%31.6%
Government Expenditure, % of GDP21.3%31.4%

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

Romania vs

CountryGDP
per capita
Population
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
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
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
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M