Published: Monday, 21th October 2024
The Standard of living in Albania is 1.98 times better as compared to Papua New Guinea.
In this page, you will find side-by-side Standard of Living comparison between Albania and Papua New Guinea. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Albania and Papua New Guinea.
 Indicators  | Albania  | Papua New Guinea  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $25.297 billion USD | $31.692 billion USD |
GDP Per Capita (2023)  | 8,877 USD | 2,581 USD |
GINI Ratio (2023)  | 0.34 | 0.42 |
Inflation on Consumer Prices (2023)  | 6.73 % annually | 2.3 % annually |
Central Government Debt (2023)  | 82.4 % of GDP | 48.3 % of GDP |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.
As per the statistics from the World Bank Data for the year 2023, the total GDP of Albania is $25.297 billion USD and that of Papua New Guinea is $31.692 billion USD.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.
From the above data, we can say that a person living and working in Albania contributes more to the country's economy compared to a person working in Papua New Guinea.
Indicators | Albania | Papua New Guinea |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.789 | 0.568 |
Human Capital Index (HCI) (2024)  | 0.63 | 0.43 |
Literacy Rate (2023)  | 98.5% (15 years+ above age) | 61.6% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 76.4 years | 65.5 years |
Healthy Life Expectancy Ratio (2023)  | 66.7 years | 57.5 years |
Poverty Ratio (2023)  | 22% of total Population | 39.9% of total Population |
Unemployment Rate (2023)  | 11.58% of total labor force | 2.65% of total labor force |
The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.
From the above given statistics, we can see that the HDI of Albania is [ 0.789 ] and the HDI of Papua New Guinea is [ 0.568 ].
The data shows that the people living in Albania has better income, life expectancy and education level compared to Papua New Guinea.
Indicators | Albania | Papua New Guinea |
|---|---|---|
Gross National Expenditure (2023)  | 113.37 % of GDP | 86.75 % of GDP |
Total Health Expenditure (2023)  | 7.27 % of GDP | 2.32 % of GDP |
Research and Development Expenditure (2023)  | 0.15 % of GDP | 0.03 % of GDP |
Government Expenditure on Education (2023)  | 2.75 % of GDP | 1.87 % of GDP |
International Tourism Expenditure (2023)  | 805 million USD | 134 million USD |
Number of International Tourists Arrivals (2023)  | 2,658,000 | 39,000 |
Military Expenditure (2023)  | 1.58 % of GDP | 0.33 (% of GDP) |
The total Gross National Expenditure of Albania is 113.37% of its GDP and the total Gross National Expenditure of Papua New Guinea is 86.75% of its GDP.
From the above data, we can say that Albania spends 1.31 times more of its GDP on Gross National Expenditure compared to Papua New Guinea.
Indicators | Albania | Papua New Guinea |
|---|---|---|
Number of Doctors (2023)  | 18.8 (Per 10,000 People) | 0.63 (Per 10,000 People) |
Number of Nurses (2023)  | 58.3 (Per 10,000 People) | 5.11 (Per 10,000 People) |
Number of Pharmacists (2023)  | 10.9 (Per 10,000 People) | 0.08 (Per 10,000 People) |
Available Hospital Beds (2023)  | 2.89 (Per 1000 People) | 4.02 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 88.4 % of total Population | 76.1 % of total Population |
Albania has 29.84 times more Doctors compared to Papua New Guinea (Per 10,000 People).
Albania has 11.41 times more Nurses compared to Papua New Guinea (Per 10,000 People).
Indicators | Albania | Papua New Guinea |
|---|---|---|
Agricultural Land (2023)  | 11,363.3 Sq Km | 14,410 Sq Km |
Forest Area (2023)  | 7,889 Sq Km | 358,222.3 Sq Km |
CO2 Emissions (2023)  | 0.11 kg per PPP $ of GDP | 0.14 kg per PPP $ of GDP |
Access to Electricity (2023)  | 100 % of total Population | 19 % of total Population |
Access to Internet (2023)  | 82.61 % of total Population | 32.05 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.79 Billion cubic meters | 0.39 Billion cubic meters |
100% of the total Population of Albania has access to the electricity in their homes, whereas, in case of Papua New Guinea, 19% of the total Population has access to electricity.
Indicators | Albania | Papua New Guinea |
|---|---|---|
Time Required to Start a Business (2023)  | 4.5 Days | 41 Days |
New Businesses Registered (2023)  | 3,365 (New Businesses) | 4,109 (New Businesses) |
New Businesses Registration Density (2023)  | 1.8 (Per 1000 People) | 0.68 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 10.8 % of GNI Per Capita | 18.6 % of GNI Per Capita |
In the year 2023, 3,365 new businesses got registered in Albania and 4,109 new businesses got registered in Papua New Guinea.
It usually takes 4.5 days in Albania and 41 days in Papua New Guinea to register a new business legally and systematically.
Indicators | Albania | Papua New Guinea |
|---|---|---|
Imports of Goods and Services (2023)  | 44.91 % of GDP | 58.92 % of GDP |
Total Fuel Imports (2023)  | 0.26 % of Merchandise Imports | 12.34 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 77.3 USD | 940 USD |
Time to Import Border Compliance (2023)  | 10 Hours | 72 Hours |
Cost to Import Documentary Compliance (2023)  | 10 USD | 85 USD |
Time to Import Documentary Compliance (2023)  | 8 Hours | 48 Hours |
Indicators | Albania | Papua New Guinea |
|---|---|---|
Exports of Goods and Services (2023)  | 39.62 % of GDP | 72.16 % of GDP |
Total Fuel Exports (2023)  | 0.41 % of Merchandise Exports | 45.48 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 54.67 USD | 700 USD |
Time to Export Border Compliance (2023)  | 9 Hours | 42 Hours |
Cost to Export Documentary Compliance (2023)  | 10 USD | 75 USD |
Time to Export Documentary Compliance (2023)  | 6 Hours | 48 Hours |
Indicators | Albania | Papua New Guinea |
|---|---|---|
Gross National Savings (2023)  | 17.76 % of GDP | 30.42 % of GDP |
Tax Revenue (2023)  | 18.2 % of GDP | 14.79 % of GDP |
Taxes on Exports (2023)  | 0.00001 % of Tax Revenue | 2.65 % of Tax Revenue |
Taxes on Goods and Services (2023)  | 45.59 % of Tax Revenue | 23.16 % of Tax Revenue |
Taxes on International Trade (2023)  | 1.36 % of Revenue | 4.89 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 252 Hours | 207 Hours |
Customs and Other Import Duties (2023)  | 2.21 % of Tax Revenue | 2.86 % of Tax Revenue |
The taxes charged by Albania on international trade is 1.36% of the total revenue and the taxes charged by Papua New Guinea on international trade is 4.89% of the total revenue.
The Taxes charged on International Trade by Albania is 3.60 times less of its total revenue than of Papua New Guinea.
We hope you enjoyed the detailed guide on the standard of living comparsion between Albania and Papua New Guinea.
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