Papua New Guinea is about 2.4 times smaller than Bolivia.

Bolivia is approximately 1,098,581 sq km, while Papua New Guinea is approximately 462,840 sq km, making Papua New Guinea 42.13% the size of Bolivia. Meanwhile, the population of Bolivia is ~12.1 million people (2.5 million fewer people live in Papua New Guinea).
This to-scale comparison of Bolivia vs. Papua New Guinea uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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