Papua New Guinea vs Vietnam: Economic Indicators Comparison

Vietnam with a GDP of $245.2B ranked the 47th largest economy in the world, while Papua New Guinea ranked 114th with $23.5B. By GDP 5-years average growth and GDP per capita, Vietnam and Papua New Guinea ranked 17th vs 32nd and 138th vs 137th, respectively.

Gross Domestic Product & Income

StatPapua New GuineaVietnam
GDP$23.5B$245.2B
GDP growth, 1 year0%7.1%
GDP growth, 5-years average5%6.6%
Population8.3M94.7M
GDP per capita$2.7k$2.6k
GDP per capita growth-2.76%6.02%
Purchasing Power Parity conversion factor2.067788.91
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.34
GDP per capita, PPP adjusted$3.7k$7.5k
GNI, Atlas method$22.1B$225.9B
GNI per capita$2.6k$2.4k
GNI, PPP adjusted$36.3B$661.8B
GNI per capita, PPP adjusted$4.2k$6.9k

Financial system and Human development

StatPapua New GuineaVietnam
Income Tax Rate42%35%
Corporate Tax Rate30%22%
Inflation, consumer prices4.7%3.5%
Inflation, GDP deflator7.1%3.4%
Unemployment2.4%1.9%
Economic Freedom Index58.458.8
Personal Freedom Index7.246.65
Human Freedom Index6.996.31
Property Rights Index54.952.6
Judical Effectiveness Index48.440.1
Business Freedom Index58.465.6
Fiscal Health Index76.458
Labor Freedom Index69.662.5
Investment Freedom Index2540
Financial Freedom Index3050
Trade Freedom Index79.879.6
Monetary Freedom Index70.768.2
Government Spending Index86.475.9
Tax Burden Index71.579.5
Government Integrity Index29.733.8
Corruption Perceptions Index2833
Life expectancy at birth, years6475.2
Suicide mortality rate, per 100,000 people67.3
Mortality caused by road traffic injury, per 100,000 people14.226.4
Intentional homicides, per 100,000 people7.91.5
International tourism, number of arrivals140k15.5M

Government debt & reserves

StatPapua New GuineaVietnam
Central government debt, % of GDP36.9%57.5%
External debt stocks, % of GNI78.4%46.7%
External debt stocks$17.7B$108.1B
Short-term debt, % of total reserves20.6%35.3%
Total debt service, % of exports and primary income26.1%7.1%
Adjusted net savings including particulate emission damage, % of GNI4.9%13.4%
Gross savings, % of GDP30.4%22.6%
Gross capital formation, % of GDP20%26.5%
Total reserves including gold$2.2B$55.5B
Foreign direct investment net inflows$335.2M$15.5B

Exports, imports and economic structure

StatPapua New GuineaVietnam
Exports of goods and services, % of GDP72.2%105.8%
Imports of goods and services, % of GDP58.9%102.5%
Current account balance (balance of payments)$5.5B$5.9B
Revenue excluding grants, % of GDP15.9%N/A
Grants excluding technical cooperation, BoP$268.9M$411.2M
Personal remittances received$2.9M$15.9B
Industry including construction value added, % of GDP36.4%34.2%
Agriculture, forestry and fishing value added, % of GDP17.6%14.7%
Charges for the use of intellectual property, payments BoP$139kN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP19.1%N/A
Government Expenditure, % of GDP21.3%28.3%

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
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

Vietnam vs

CountryGDP
per capita
Population
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
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
North Korea
$1.7k
25.5M