Papua New Guinea vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Singapore and Papua New Guinea ranked 76th vs 32nd and 10th vs 137th, respectively.

Gross Domestic Product & Income

StatPapua New GuineaSingapore
GDP$23.5B$364.2B
GDP growth, 1 year0%3.2%
GDP growth, 5-years average5%3.3%
Population8.3M5.9M
GDP per capita$2.7k$65k
GDP per capita growth-2.76%2.66%
Purchasing Power Parity conversion factor2.060.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.64
GDP per capita, PPP adjusted$3.7k$100k
GNI, Atlas method$22.1B$331.4B
GNI per capita$2.6k$59k
GNI, PPP adjusted$36.3B$533.8B
GNI per capita, PPP adjusted$4.2k$95k

Financial system and Human development

StatPapua New GuineaSingapore
Income Tax Rate42%22%
Corporate Tax Rate30%17%
Inflation, consumer prices4.7%0.4%
Inflation, GDP deflator7.1%1.9%
Unemployment2.4%3.8%
Economic Freedom Index58.489.4
Personal Freedom Index7.247.44
Human Freedom Index6.998.1
Property Rights Index54.996.8
Judical Effectiveness Index48.492.9
Business Freedom Index58.492.8
Fiscal Health Index76.480
Labor Freedom Index69.690.9
Investment Freedom Index2585
Financial Freedom Index3080
Trade Freedom Index79.894.8
Monetary Freedom Index70.785.6
Government Spending Index86.491.1
Tax Burden Index71.590.3
Government Integrity Index29.792.4
Corruption Perceptions Index2885
Life expectancy at birth, years6482.9
Suicide mortality rate, per 100,000 people69.9
Mortality caused by road traffic injury, per 100,000 people14.22.8
Intentional homicides, per 100,000 people7.90.2
International tourism, number of arrivals140k14.7M

Government debt & reserves

StatPapua New GuineaSingapore
Central government debt, % of GDP36.9%108.3%
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%36.8%
Gross savings, % of GDP30.4%45.8%
Gross capital formation, % of GDP20%26.6%
Total reserves including gold$2.2B$292.7B
Foreign direct investment net inflows$335.2M$82B

Exports, imports and economic structure

StatPapua New GuineaSingapore
Exports of goods and services, % of GDP72.2%176.4%
Imports of goods and services, % of GDP58.9%149.8%
Current account balance (balance of payments)$5.5B$65.1B
Revenue excluding grants, % of GDP15.9%18.8%
Grants excluding technical cooperation, BoP$268.9M$1.6M
Personal remittances received$2.9MN/A
Industry including construction value added, % of GDP36.4%25.2%
Agriculture, forestry and fishing value added, % of GDP17.6%0%
Charges for the use of intellectual property, payments BoP$139k$15.2B
Charges for the use of intellectual property, receipts BoPN/A$8.7B
Expense, % of GDP19.1%15.2%
Government Expenditure, % of GDP21.3%17.2%

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

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
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