Papua New Guinea vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Papua New Guinea ranked 126th vs 32nd and 23rd vs 137th, respectively.

Gross Domestic Product & Income

StatPapua New GuineaUnited Kingdom
GDP$23.5B$2.9T
GDP growth, 1 year0%1.4%
GDP growth, 5-years average5%2.1%
Population8.3M66M
GDP per capita$2.7k$43k
GDP per capita growth-2.76%0.73%
Purchasing Power Parity conversion factor2.060.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.93
GDP per capita, PPP adjusted$3.7k$46k
GNI, Atlas method$22.1B$2.8T
GNI per capita$2.6k$42k
GNI, PPP adjusted$36.3B$3T
GNI per capita, PPP adjusted$4.2k$45k

Financial system and Human development

StatPapua New GuineaUnited Kingdom
Income Tax Rate42%45%
Corporate Tax Rate30%20%
Inflation, consumer prices4.7%2.5%
Inflation, GDP deflator7.1%1.9%
Unemployment2.4%4%
Economic Freedom Index58.479.3
Personal Freedom Index7.249.08
Human Freedom Index6.998.55
Property Rights Index54.992.2
Judical Effectiveness Index48.482.7
Business Freedom Index58.494.7
Fiscal Health Index76.478.1
Labor Freedom Index69.673.1
Investment Freedom Index2580
Financial Freedom Index3080
Trade Freedom Index79.886.4
Monetary Freedom Index70.780.3
Government Spending Index86.449.5
Tax Burden Index71.564.7
Government Integrity Index29.789.9
Corruption Perceptions Index2880
Life expectancy at birth, years6481.2
Suicide mortality rate, per 100,000 people68.9
Mortality caused by road traffic injury, per 100,000 people14.23.1
Intentional homicides, per 100,000 people7.91.2
International tourism, number of arrivals140k36.3M

Government debt & reserves

StatPapua New GuineaUnited Kingdom
Central government debt, % of GDP36.9%86.9%
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%5.5%
Gross savings, % of GDP30.4%13.4%
Gross capital formation, % of GDP20%17.3%
Total reserves including gold$2.2B$172.7B
Foreign direct investment net inflows$335.2M$35.1B

Exports, imports and economic structure

StatPapua New GuineaUnited Kingdom
Exports of goods and services, % of GDP72.2%30%
Imports of goods and services, % of GDP58.9%31.8%
Current account balance (balance of payments)$5.5B-$123.1B
Revenue excluding grants, % of GDP15.9%35.3%
Grants excluding technical cooperation, BoP$268.9MN/A
Personal remittances received$2.9M$4.4B
Industry including construction value added, % of GDP36.4%17.5%
Agriculture, forestry and fishing value added, % of GDP17.6%0.6%
Charges for the use of intellectual property, payments BoP$139k$13.5B
Charges for the use of intellectual property, receipts BoPN/A$21.7B
Expense, % of GDP19.1%36%
Government Expenditure, % of GDP21.3%41%

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

United Kingdom vs

CountryGDP
per capita
Population
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
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
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
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M