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

Stat	Papua New Guinea	Tuvalu
GDP	$23.5B	$42.6M
GDP growth, 1 year	0%	2.5%
GDP growth, 5-years average	5%	N/A
Population	8.3M	11k
GDP per capita	$2.7k	$3.7k
GDP per capita growth	-2.76%	1.27%
Purchasing Power Parity conversion factor	2.06	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.63	0.91
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

Stat	Papua New Guinea	Tuvalu
Income Tax Rate	42%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	4.7%	N/A
Inflation, GDP deflator	7.1%	4.9%
Unemployment	2.4%	8.5%
Economic Freedom Index	58.4	60
Personal Freedom Index	7.24	6.2
Human Freedom Index	6.99	6.1
Property Rights Index	54.9	N/A
Judical Effectiveness Index	48.4	N/A
Business Freedom Index	58.4	N/A
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	N/A
Corruption Perceptions Index	28	48
Life expectancy at birth, years	64	66
Suicide mortality rate, per 100,000 people	6	1
Mortality caused by road traffic injury, per 100,000 people	14.2	0.2
Intentional homicides, per 100,000 people	7.9	18.7
International tourism, number of arrivals	140k	2.7k

Government debt & reserves

Stat	Papua New Guinea	Tuvalu
Central government debt, % of GDP	36.9%	N/A
External debt stocks, % of GNI	78.4%	N/A
External debt stocks	$17.7B	N/A
Short-term debt, % of total reserves	20.6%	N/A
Total debt service, % of exports and primary income	26.1%	N/A
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%	N/A
Total reserves including gold	$2.2B	N/A
Foreign direct investment net inflows	$335.2M	$299k

Exports, imports and economic structure

Stat	Papua New Guinea	Tuvalu
Exports of goods and services, % of GDP	72.2%	N/A
Imports of goods and services, % of GDP	58.9%	N/A
Current account balance (balance of payments)	$5.5B	$6.8M
Revenue excluding grants, % of GDP	15.9%	N/A
Grants excluding technical cooperation, BoP	$268.9M	$9.6M
Personal remittances received	$2.9M	$4M
Industry including construction value added, % of GDP	36.4%	7.3%
Agriculture, forestry and fishing value added, % of GDP	17.6%	16.5%
Charges for the use of intellectual property, payments BoP	$139k	N/A
Charges for the use of intellectual property, receipts BoP	N/A	$14k
Expense, % of GDP	19.1%	N/A
Government Expenditure, % of GDP	21.3%	N/A