Papua New Guinea vs Tuvalu: Economic Indicators Comparison

Papua New Guinea with a GDP of $23.5B ranked the 114th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, Papua New Guinea and Tuvalu ranked 137th vs 124th, respectively.

Gross Domestic Product & Income

StatPapua New GuineaTuvalu
GDP$23.5B$42.6M
GDP growth, 1 year0%2.5%
GDP growth, 5-years average5%N/A
Population8.3M11k
GDP per capita$2.7k$3.7k
GDP per capita growth-2.76%1.27%
Purchasing Power Parity conversion factor2.061.22
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.91
GDP per capita, PPP adjusted$3.7k$4k
GNI, Atlas method$22.1B$62.5M
GNI per capita$2.6k$5.4k
GNI, PPP adjusted$36.3B$70.2M
GNI per capita, PPP adjusted$4.2k$6.1k

Financial system and Human development

StatPapua New GuineaTuvalu
Income Tax Rate42%N/A
Corporate Tax Rate30%N/A
Inflation, consumer prices4.7%N/A
Inflation, GDP deflator7.1%4.9%
Unemployment2.4%8.5%
Economic Freedom Index58.460
Personal Freedom Index7.246.2
Human Freedom Index6.996.1
Property Rights Index54.9N/A
Judical Effectiveness Index48.4N/A
Business Freedom Index58.4N/A
Fiscal Health Index76.4N/A
Labor Freedom Index69.6N/A
Investment Freedom Index25N/A
Financial Freedom Index30N/A
Trade Freedom Index79.8N/A
Monetary Freedom Index70.7N/A
Government Spending Index86.4N/A
Tax Burden Index71.5N/A
Government Integrity Index29.7N/A
Corruption Perceptions Index2848
Life expectancy at birth, years6466
Suicide mortality rate, per 100,000 people61
Mortality caused by road traffic injury, per 100,000 people14.20.2
Intentional homicides, per 100,000 people7.918.7
International tourism, number of arrivals140k2.7k

Government debt & reserves

StatPapua New GuineaTuvalu
Central government debt, % of GDP36.9%N/A
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%N/A
Gross savings, % of GDP30.4%N/A
Gross capital formation, % of GDP20%N/A
Total reserves including gold$2.2BN/A
Foreign direct investment net inflows$335.2M$299k

Exports, imports and economic structure

StatPapua New GuineaTuvalu
Exports of goods and services, % of GDP72.2%N/A
Imports of goods and services, % of GDP58.9%N/A
Current account balance (balance of payments)$5.5B$6.8M
Revenue excluding grants, % of GDP15.9%N/A
Grants excluding technical cooperation, BoP$268.9M$9.6M
Personal remittances received$2.9M$4M
Industry including construction value added, % of GDP36.4%7.3%
Agriculture, forestry and fishing value added, % of GDP17.6%16.5%
Charges for the use of intellectual property, payments BoP$139kN/A
Charges for the use of intellectual property, receipts BoPN/A$14k
Expense, % of GDP19.1%N/A
Government Expenditure, % of GDP21.3%N/A

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
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
Kenya
$1.7k
48.5M

Tuvalu vs

CountryGDP
per capita
Population
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
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