Compare the economies of the countries

Table of Contents

Economy power of Micronesia & Papua New Guinea

Micronesia Flag svg Papua New Guinea Flag svg

Micronesia vs Papua New Guinea

Show map
Micronesia Papua New Guinea
World map with selected countries highlighted.
Micronesia is the abbreviated form of the Federated States of Micronesia. It is an island country divided into four states. All these states comprise around 607 islands. Their combined land coverage is about 702 square kilometers.  More about Micronesia The official name of the nation is the Independent State of Papua New Guinea and it is a nation located in Oceania. It shares the island of New Guinea with Melanesia In spite of that, the nation still has a large area of land exceeding 462,000 square kilometers.  More about Papua New Guinea

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

Micronesia Papua New Guinea
Position in the ranking of countries 174 (2023) 104 (2023)
GDP [US$] 460,000,000 30,729,242,919
Percentage of the other 1.5 % 6680.3 %

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

Micronesia Papua New Guinea
Position in the ranking of countries 172 (2023) 103 (2023)
GNI [US$] 504,260,500 28,819,335,417
Percentage of the other 1.7 % 5715.2 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

small flag
small flag

(China)

Micronesia Papua New Guinea
Position in the ranking of countries 66 (2023) 48 (2004)
External balance [US$] -184,880,700 520,159,449
Percentage of the other -35.5 % -281.3 %

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

Micronesia Papua New Guinea
Position in the ranking of countries 66 (2023) 48 (2004)
Unemployment [%] - 2.74
Percentage of the other - -

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

small flag
small flag

(India)

Micronesia Papua New Guinea
Position in the ranking of countries 178 (2023) 91 (2023)
Population 112,630 10,389,635
Percentage of the other 1.1 % 9224.6 %

Population growth (annual %)

Density

Gender

Demography