GDP$30.6BCURRENT US$Rnk 102 / 186 GDP GROWTH43.9%CURRENT US$Rnk 78 / 186
GDP$41.7BCURRENT US$Rnk 96 / 186 GDP GROWTH25.3%CURRENT US$Rnk 110 / 186 GDP PC $3,020CURRENT US$Rnk 133 / 186GDP PC GROWTH13.8%CURRENT US$Rnk 100 / 186GDP PC$6,153CURRENT US$Rnk 102 / 186GDP PC GROWTH9.46%CURRENT US$Rnk 120 / 186In N/A, Papua New Guinea did not export any services to Paraguay.
Paraguay-Papua New Guinea In N/A, Paraguay did not export any products to Papua New Guinea.
In N/A, Paraguay did not export any services to Papua New Guinea.
Comparison: In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).
Papua New Guinea does not register exports to Paraguay.
Paraguay does not register exports to Papua New Guinea.
) to Paraguay () (2014)) to Papua New Guinea () (2014)This map shows whether countries import more from Papua New Guinea or Paraguay. Each country is colored based on the difference in imports they receive from Papua New Guinea and Paraguay or the difference in the growth in imports.
In 2022, countries that imported more from Papua New Guinea than Paraguay included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).
In 2022, countries that imported more from Paraguay than Papua New Guinea included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).
) and Papua New Guinea () (2022)This chart compares trade between Papua New Guinea and Paraguay by product, considering products traded by both, Papua New Guinea and Paraguay.
We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Papua New Guinea and Paraguay. This means that a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Papua New Guinea.
) and Paraguay () (2014)
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