Papua New Guinea vs Somalia: Economic Indicators Comparison

Papua New Guinea with a GDP of $23.5B ranked the 114th largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Somalia ranked 32nd vs 97th and 137th vs 196th, respectively.

Gross Domestic Product & Income

Stat	Papua New Guinea	Somalia
GDP	$23.5B	$4.7B
GDP growth, 1 year	0%	3.1%
GDP growth, 5-years average	5%	2.9%
Population	8.3M	11M
GDP per capita	$2.7k	$315
GDP per capita growth	-2.76%	-2.74%
Purchasing Power Parity conversion factor	2.06	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.63	N/A
GDP per capita, PPP adjusted	$3.7k	$500
GNI, Atlas method	$22.1B	$959.2M
GNI per capita	$2.6k	$130
GNI, PPP adjusted	$36.3B	N/A
GNI per capita, PPP adjusted	$4.2k	N/A

Financial system and Human development

Stat	Papua New Guinea	Somalia
Income Tax Rate	42%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	4.7%	1.5%
Inflation, GDP deflator	7.1%	215.5%
Unemployment	2.4%	14%
Economic Freedom Index	58.4	29
Personal Freedom Index	7.24	3.6
Human Freedom Index	6.99	3.4
Property Rights Index	54.9	20.1
Judical Effectiveness Index	48.4	26.5
Business Freedom Index	58.4	31.6
Fiscal Health Index	76.4	N/A
Labor Freedom Index	69.6	N/A
Investment Freedom Index	25	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	79.8	N/A
Monetary Freedom Index	70.7	N/A
Government Spending Index	86.4	N/A
Tax Burden Index	71.5	N/A
Government Integrity Index	29.7	13.1
Corruption Perceptions Index	28	10
Life expectancy at birth, years	64	56.7
Suicide mortality rate, per 100,000 people	6	4.7
Mortality caused by road traffic injury, per 100,000 people	14.2	27.1
Intentional homicides, per 100,000 people	7.9	4.3
International tourism, number of arrivals	140k	N/A

Government debt & reserves

Stat	Papua New Guinea	Somalia
Central government debt, % of GDP	36.9%	N/A
External debt stocks, % of GNI	78.4%	39.4%
External debt stocks	$17.7B	$2.9B
Short-term debt, % of total reserves	20.6%	847.9%
Total debt service, % of exports and primary income	26.1%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	4.9%	N/A
Gross savings, % of GDP	30.4%	N/A
Gross capital formation, % of GDP	20%	15.5%
Total reserves including gold	$2.2B	$23.1M
Foreign direct investment net inflows	$335.2M	$409M

Exports, imports and economic structure

Stat	Papua New Guinea	Somalia
Exports of goods and services, % of GDP	72.2%	25.9%
Imports of goods and services, % of GDP	58.9%	99.6%
Current account balance (balance of payments)	$5.5B	N/A
Revenue excluding grants, % of GDP	15.9%	0%
Grants excluding technical cooperation, BoP	$268.9M	$1.5B
Personal remittances received	$2.9M	$21.7M
Industry including construction value added, % of GDP	36.4%	9.5%
Agriculture, forestry and fishing value added, % of GDP	17.6%	62.7%
Charges for the use of intellectual property, payments BoP	$139k	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	19.1%	0%
Government Expenditure, % of GDP	21.3%	N/A