Papua New Guinea vs Serbia: Economic Indicators Comparison

Serbia with a GDP of $50.6B ranked the 84th largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Serbia and Papua New Guinea ranked 131st vs 32nd and 90th vs 137th, respectively.

Gross Domestic Product & Income

StatPapua New GuineaSerbia
GDP$23.5B$50.6B
GDP growth, 1 year0%4.4%
GDP growth, 5-years average5%2%
Population8.3M7M
GDP per capita$2.7k$7.2k
GDP per capita growth-2.76%4.97%
Purchasing Power Parity conversion factor2.0641.64
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.42
GDP per capita, PPP adjusted$3.7k$18k
GNI, Atlas method$22.1B$44.6B
GNI per capita$2.6k$6.4k
GNI, PPP adjusted$36.3B$115.5B
GNI per capita, PPP adjusted$4.2k$17k

Financial system and Human development

StatPapua New GuineaSerbia
Income Tax Rate42%10%
Corporate Tax Rate30%15%
Inflation, consumer prices4.7%2%
Inflation, GDP deflator7.1%2.1%
Unemployment2.4%13.5%
Economic Freedom Index58.466
Personal Freedom Index7.247.84
Human Freedom Index6.997.19
Property Rights Index54.955.4
Judical Effectiveness Index48.446.8
Business Freedom Index58.472.6
Fiscal Health Index76.494.1
Labor Freedom Index69.666.9
Investment Freedom Index2570
Financial Freedom Index3050
Trade Freedom Index79.878
Monetary Freedom Index70.780.7
Government Spending Index86.449.7
Tax Burden Index71.583.7
Government Integrity Index29.744
Corruption Perceptions Index2839
Life expectancy at birth, years6476.1
Suicide mortality rate, per 100,000 people615.6
Mortality caused by road traffic injury, per 100,000 people14.27.4
Intentional homicides, per 100,000 people7.91.1
International tourism, number of arrivals140k1.7M

Government debt & reserves

StatPapua New GuineaSerbia
Central government debt, % of GDP36.9%54.3%
External debt stocks, % of GNI78.4%71.7%
External debt stocks$17.7B$34.3B
Short-term debt, % of total reserves20.6%16.4%
Total debt service, % of exports and primary income26.1%22.3%
Adjusted net savings including particulate emission damage, % of GNI4.9%-3.2%
Gross savings, % of GDP30.4%18.6%
Gross capital formation, % of GDP20%22.7%
Total reserves including gold$2.2B$12.9B
Foreign direct investment net inflows$335.2M$4.1B

Exports, imports and economic structure

StatPapua New GuineaSerbia
Exports of goods and services, % of GDP72.2%50.8%
Imports of goods and services, % of GDP58.9%59.3%
Current account balance (balance of payments)$5.5B-$2.6B
Revenue excluding grants, % of GDP15.9%32.8%
Grants excluding technical cooperation, BoP$268.9M$334.6M
Personal remittances received$2.9M$4.3B
Industry including construction value added, % of GDP36.4%25.5%
Agriculture, forestry and fishing value added, % of GDP17.6%6.3%
Charges for the use of intellectual property, payments BoP$139k$289.7M
Charges for the use of intellectual property, receipts BoPN/A$57.9M
Expense, % of GDP19.1%36.9%
Government Expenditure, % of GDP21.3%40.9%

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

Serbia vs

CountryGDP
per capita
Population
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
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
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M