Australia vs Tonga: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Australia and Tonga ranked 111th vs 89th and 13th vs 113th, respectively.

Gross Domestic Product & Income

StatAustraliaTonga
GDP$1.4T$450.4M
GDP growth, 1 year2.8%1.8%
GDP growth, 5-years average2.6%3%
Population24.5M108k
GDP per capita$57k$4.4k
GDP per capita growth1.33%-0.87%
Purchasing Power Parity conversion factor1.431.49
Price level ratio of PPP conversion factor GDP to market exchange rate1.110.68
GDP per capita, PPP adjusted$52k$6.1k
GNI, Atlas method$1.3T$443.3M
GNI per capita$53k$4.3k
GNI, PPP adjusted$1.3T$672.5M
GNI per capita, PPP adjusted$50k$6.5k

Financial system and Human development

StatAustraliaTonga
Income Tax Rate45%20%
Corporate Tax Rate30%25%
Inflation, consumer prices2%3.9%
Inflation, GDP deflator1.9%3.6%
Unemployment5.4%1%
Economic Freedom Index82.658.8
Personal Freedom Index9.295.6
Human Freedom Index8.735.6
Property Rights Index82.860.9
Judical Effectiveness Index86.126.5
Business Freedom Index87.875
Fiscal Health Index91.895.2
Labor Freedom Index8469.8
Investment Freedom Index8040
Financial Freedom Index9020
Trade Freedom Index88.274
Monetary Freedom Index86.271.4
Government Spending Index61.642.8
Tax Burden Index6385.2
Government Integrity Index89.344.2
Corruption Perceptions Index7750
Life expectancy at birth, years82.570.7
Suicide mortality rate, per 100,000 people13.23.5
Mortality caused by road traffic injury, per 100,000 people5.616.8
Intentional homicides, per 100,000 people0.81
International tourism, number of arrivals9.2M54k

Government debt & reserves

StatAustraliaTonga
Central government debt, % of GDP40.7%49.2%
External debt stocks, % of GNIN/A41.3%
External debt stocksN/A$188.7M
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary incomeN/A7.2%
Adjusted net savings including particulate emission damage, % of GNI5.6%9.3%
Gross savings, % of GDP21.7%16.5%
Gross capital formation, % of GDP24.5%33.4%
Total reserves including gold$53.9B$227.2M
Foreign direct investment net inflows$60.3B$15M

Exports, imports and economic structure

StatAustraliaTonga
Exports of goods and services, % of GDP21.8%22.3%
Imports of goods and services, % of GDP21.4%75.9%
Current account balance (balance of payments)-$29.7B-$28.6M
Revenue excluding grants, % of GDP25.7%25.6%
Grants excluding technical cooperation, BoPN/A$64.2M
Personal remittances received$1.9B$183.3M
Industry including construction value added, % of GDP24.1%17.3%
Agriculture, forestry and fishing value added, % of GDP2.5%17.2%
Charges for the use of intellectual property, payments BoP$3.6B$183
Charges for the use of intellectual property, receipts BoP$973.4M$2.3k
Expense, % of GDP26.1%31.4%
Government Expenditure, % of GDP35.8%43.7%

Compare with countries close by GDP per capita

Australia vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k

Tonga vs

CountryGDP
per capita
Population
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M