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Economy of Antigua and Barbuda vs Tonga compared: GDP & Debt

Updated on by Georank

Antigua and Barbuda has a GDP of $2.34B compared to $679M for Tonga, ranking 178/197 and 191/197 by economy size, respectively.

Antigua and Barbuda has $1.63B in government debt (69.7% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Antigua and Barbuda vs Tonga GDP by year

Antigua and Barbuda
Tonga
1x
Year GDP, current $
Antigua Tonga
2025 $2,338,196,296 $679,218,219
2024 $2,162,366,667 $647,488,244
2023 $2,054,096,296 $591,139,734
2022 $1,857,114,815 $556,514,556
2021 $1,602,125,926 $519,306,339
2020 $1,411,637,037 $506,571,487
2019 $1,726,448,148 $506,031,248
2018 $1,661,529,630 $493,530,767
2017 $1,534,855,556 $459,976,847
2016 $1,489,603,704 $420,828,255
2015 $1,437,485,185 $437,525,539
2014 $1,378,707,407 $440,997,735
2013 $1,325,496,296 $451,788,498
2012 $1,364,729,630 $471,122,971
2011 $1,287,359,259 $414,143,828
2010 $1,298,348,148 $366,887,375
2009 $1,386,518,519 $312,415,028
2008 $1,557,640,741 $344,438,844
2007 $1,487,381,481 $298,519,623
2006 $1,303,674,074 $292,232,703
2005 $1,143,896,296 $261,823,805
2004 $1,026,329,630 $230,678,011
2003 $948,100,000 $202,246,591
2002 $898,092,593 $182,764,281
2001 $877,774,074 $181,117,230
2000 $901,003,704 $204,848,488
1999 $835,544,444 $199,208,718
1998 $789,788,889 $191,504,893
1997 $734,422,222 $214,991,452
1996 $679,140,741 $222,100,576
1995 $616,051,852 $208,871,666
1994 $625,081,481 $195,990,986
1993 $565,662,963 $138,489,884
1992 $525,133,333 $137,066,291
1991 $504,337,037 $132,201,141
1990 $478,718,519 $113,563,822
1989 $455,174,074 $106,344,855
1988 $411,396,296 $106,657,267
1987 $346,866,667 $81,667,133
1986 $297,562,963 $68,195,856
1985 $246,370,370 $60,058,663
1984 $212,214,815 $64,248,355
1983 $184,866,667 $60,863,964
1982 $166,444,444 $62,068,161
1981 $149,388,889 $62,242,013
1980 $132,451,852 $53,260,077
1979 $109,596,296 $44,667,002
1978 $88,040,741 $41,567,472
1977 $77,507,407 $34,139,388
1976 - $30,036,417
1975 - $32,506,742

Data sources: World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/tonga | CC BY

GDP per capita in Antigua and Barbuda vs Tonga by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $24,819 - $6,547 -
2024 $23,060 $33,386 $6,215 -
2023 $22,012 $31,602 $5,652 $7,803
2022 $20,003 $29,934 $5,298 $7,296
2021 $17,349 $25,745 $4,923 $6,929
2020 $15,370 $22,370 $4,792 $6,676
2019 $18,896 $26,551 $4,789 $6,473
2018 $18,273 $24,524 $4,675 $6,393
2017 $16,966 $21,422 $4,366 $6,229
2016 $16,557 $21,320 $3,988 $5,920
2015 $16,078 $20,985 $4,124 $5,472
2014 $15,532 $21,671 $4,137 $5,336
2013 $15,052 $21,761 $4,219 $5,120
2012 $15,640 $23,012 $4,384 $4,996
2011 $14,912 $23,804 $3,850 $4,855
2010 $15,217 $24,071 $3,416 $4,465
2009 $16,472 $26,157 $2,914 $4,384
2008 $18,787 $29,978 $3,218 $4,600
2007 $18,205 $29,851 $2,797 $4,316
2006 $16,174 $26,949 $2,750 $4,327
2005 $14,369 $23,485 $2,478 $4,315
2004 $13,038 $21,629 $2,195 $4,235
2003 $12,173 $20,127 $1,936 $4,231
2002 $11,659 $18,813 $1,759 $4,171
2001 $11,539 $18,569 $1,754 $3,955
2000 $12,027 $19,319 $1,995 $3,834
1999 $11,342 $18,088 $1,952 $3,636
1998 $10,907 $17,496 $1,889 $3,527
1997 $10,336 $16,836 $2,136 $3,434
1996 $9,756 $16,017 $2,215 $3,410
1995 $9,034 $15,062 $2,084 $3,347
1994 $9,351 $15,736 $1,957 $3,088
1993 $8,625 $14,720 $1,383 $2,882
1992 $8,154 $13,908 $1,370 $2,716
1991 $7,956 $13,658 $1,323 $2,652
1990 $7,591 $12,996 $1,139 $2,416
1989 $7,188 - $1,070 -
1988 $6,466 - $1,078 -
1987 $5,424 - $830 -
1986 $4,629 - $696 -
1985 $3,814 - $613 -
1984 $3,271 - $656 -
1983 $2,847 - $621 -
1982 $2,569 - $633 -
1981 $2,310 - $636 -
1980 $2,053 - $545 -
1979 $1,705 - $458 -
1978 $1,375 - $428 -
1977 $1,214 - $353 -
1976 - - $315 -
1975 - - $349 -

Data sources: World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/tonga | CC BY

Antigua and Barbuda's GDP per capita is $24,819, ranking 55/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Tonga ranks 144th at $7,803.

Economic indicators

Antigua Tonga
Gross domestic product
$2.34B
2025
$679M
2025
GDP rank
178/197
2025
191/197
2025
GDP growth
5%
2024-2025
2.8%
2024-2025
GDP per capita
$24,819
2025
$6,547
2025
GDP per capita rank
55/197
2025
110/197
2025
GDP per capita, PPP
$33,386
2024
$7,803
2023
GDP per capita PPP rank
66/197
2024
144/197
2023
Government debt
$1.63B
2025
$186M
2025
Debt-to-GDP ratio
69.7%
2025
27.4%
2025
Government debt per person
$17,310
2025
$1,793
2025
Government debt per person rank
38/185
2025
123/185
2025
Average annual personal income after taxes
$16,750
2026
$4,104
2026
Income share by richest 10% n/a
22%
2021
Income share by poorest 10% n/a
4%
2021
Government expenditure, % of GDP
19.3%
2025
46.8%
2025
Consumer prices inflation
1.4%
2024-2025
5.59%
2024-2025
Unemployment rate
5.37%
2023
1.65%
2023
Population
94846
103283

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Antigua Tonga
Government spending Government debt Government spending Government debt
2025 19.3% 69.7% 46.8% 27.4%
2024 20.2% 71.8% 44.3% 31.9%
2023 18.4% 74.5% 41.5% 37.2%
2022 20.8% 82.4% 41.3% 40.2%
2021 23.4% 93% 44.5% 43%
2020 26% 100.5% 37.1% 41.7%
2019 22.1% 81.6% 39% 41.8%
2018 21.5% 84.3% 39.3% 45.5%
2017 22.6% 88.2% 39.7% 44.7%
2016 23.8% 83.1% 37.2% 49.4%
2015 24.8% 92.1% 37.4% 51.1%
2014 20.9% 91.9% 31.5% 47.4%
2013 20.7% 85.4% 34.3% 48.9%
2012 18.5% 76.9% 32% 60%
2011 21.1% 81.1% 32.6% 51.9%
2010 20% 79.4% 28.4% 44.7%
2009 32.1% 89.2% 23.9% 39.7%
2008 23.2% 66.8% 24% 34%
2007 23.8% 68.7% 23.2% 37.8%
2006 26% 79.1% 25.6% 39.6%
2005 21.5% 82.8% 19.8% 43.3%
2004 21.9% 107.7% 19.3% 52.2%
2003 24.2% 113% 20% 56.2%
2002 26.3% 114.5% 21.3% 60.7%
2001 24.2% 107.6% 19.1% 53.4%
2000 21.1% 96.4% 20% 43.6%
1999 20.3% 95.9% 18.8% 38.4%
1998 20.7% 94.6% - -
1997 16.8% 80.6% - -
1996 19.6% 85.5% - -
1995 21% 92.1% - -
1994 21.2% 84.5% - -
1993 19.4% 85.3% - -
1992 18.7% 90.8% - -
1991 20.8% 94.6% - -
1990 18.1% 94.1% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/tonga | CC BY

In 2025, Antigua and Barbuda's government spending was $450M, accounting for 19.3% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 69.7% in Antigua and Barbuda and 27.4% in Tonga, ranking 58/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Tonga
1x
Year Deficit/surplus, % of GDP
Antigua Tonga
2025 3.14% 4.86%
2024 1.65% 3.6%
2023 -1.66% 5.28%
2022 -2.86% -0.09%
2021 -4.52% -0.87%
2020 -6.23% 5.15%
2019 -3.64% 3.2%
2018 -2.43% 2.9%
2017 -2.72% 3.58%
2016 -0.14% 1.47%
2015 -2.42% -2.75%
2014 -2.6% 6.38%
2013 -3.83% -1.3%
2012 -0.97% -1.74%
2011 -3.09% -6.02%
2010 -0.24% -1.22%
2009 -15.8% 6.85%
2008 -4.72% 2.14%
2007 -4.98% 5.39%
2006 -6.62% 1.34%
2005 -4.29% 4.23%
2004 -3.9% 4.23%
2003 -7.32% 2.37%
2002 -8.83% 2.59%
2001 -8.58% 2.23%
2000 -4.5% 1.35%
1999 -3.08% 1.55%
1998 -1.62% -
1997 0% -
1996 -1.61% -
1995 -3.89% -
1994 -4.33% -
1993 -2.45% -
1992 -0.81% -
1991 -3.91% -
1990 0.12% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/tonga | CC BY

In 2025, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $73.4M, equivalent to 3.14% of GDP. This compares to Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, Antigua and Barbuda recorded a fiscal deficit in 25 of those years, while Tonga ran a deficit in 7 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.9% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Antigua and Barbuda

Tonga
1x
Year Consumer prices inflation
Antigua Tonga
2025 1.4% 5.59%
2024 6.2% 3.18%
2023 5.1% 6.35%
2022 7.5% 11%
2021 1.6% 5.64%
2020 1.1% -0.35%
2019 1.4% 1.18%
2018 1.2% 5.03%
2017 2.4% 7.52%
2016 -0.5% 2.58%
2015 1% -1.05%
2014 1.1% 2.51%
2013 1.1% 0.78%
2012 3.4% 1.15%
2011 3.5% 6.27%
2010 3.4% 3.53%
2009 -0.6% 1.43%
2008 5.3% 10.4%
2007 1.4% 5.84%
2006 1.8% 6.15%
2005 2.1% 8.67%
2004 2% 11%
2003 2% 11.6%
2002 2.4% 10.4%
2001 1.9% 8.29%
2000 -0.2% 6.33%
1999 1.1% 4.46%
1998 3.3% 3.27%
1997 0.4% 2.12%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/tonga | CC BY

Over the past 29 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.2%, compared with 5.2% in Tonga. In 2025, inflation was 1.4% in Antigua and Barbuda and 5.59% in Tonga.

Balance of trade

Antigua Tonga
Current account balance
-$281M
2025
-$43.5M
2024
Current account balance ranking
95/190
2025
76/190
2024
Current account balance, % of GDP
-12%
2025
-6.72%
2024
Goods imports
$793M
2025
$232M
2024
Goods exports
$96M
2025
$10.8M
2024
Service imports
$614M
2025
$161M
2024
Service exports
$1.21B
2025
$93.6M
2024
Imports of goods and services, % of GDP
63.3%
2022
60.7%
2024
Exports of goods and services, % of GDP
55%
2022
16.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Tonga
Economic freedom 56 58.9
Economic freedom ranking 125/197 107/197
Property rights n/a 71.1
Government integrity n/a 45.1
Judicial effectiveness n/a 64.9
Tax burden n/a 85.6
Government spending n/a 31
Fiscal health n/a 97.3
Business freedom n/a 59.2
Labor freedom n/a 55.9
Monetary freedom n/a 61
Trade freedom n/a 75.4
Investment freedom n/a 40
Financial freedom n/a 20

Other economic metrics

Antigua Tonga
Services, % of GDP
68.7%
2025
49.5%
2024
Industry, % of GDP
18.2%
2025
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.49%
2025
18.6%
2024
GNI, Atlas method
$2.24B
2025
$709M
2025
GNI per capita, PPP
$34,670
2025
$9,240
2025
Total reserves including gold
$379M
2025
$413M
2025
Total reserves ranking
165/177
2025
162/177
2025
Net foreign direct investment
-$291M
2025
$13.3M
2024
Net inflows of foreign direct investment
$246M
2024
-$12.1M
2024
Net outflows of foreign direct investment
-$68.4K
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
6.33%
2024
Poverty at national poverty lines n/a
20.6%
2021
Gross capital formation, % of GDP n/a
26.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1975–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.