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Economy of Austria vs Tonga compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $591M for Tonga, ranking 30/197 and 191/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $256M (37% of GDP) in Tonga.

Austria vs Tonga GDP by year

Austria
Tonga
1x
Year GDP, current $
Austria Tonga
2024 $534,790,720,467 -
2023 $516,670,509,629 $591,139,749
2022 $473,221,298,968 $556,514,555
2021 $480,466,363,177 $519,306,353
2020 $434,397,601,558 $506,571,468
2019 $442,983,642,372 $506,031,239
2018 $452,582,294,973 $493,530,783
2017 $414,926,138,133 $459,976,850
2016 $393,687,359,770 $420,828,262
2015 $379,546,097,301 $437,525,514
2014 $438,556,021,078 $440,997,738
2013 $426,580,502,769 $451,788,498
2012 $406,750,487,604 $471,122,971
2011 $428,954,737,064 $414,143,828
2010 $389,827,789,218 $366,887,375
2009 $399,290,118,782 $312,415,028
2008 $429,234,399,096 $344,438,844
2007 $386,760,177,589 $298,519,623
2006 $333,905,979,332 $292,232,703
2005 $313,952,317,331 $261,823,805
2004 $299,210,411,455 $230,678,011
2003 $260,779,834,340 $202,246,591
2002 $212,837,224,023 $182,764,281
2001 $196,477,206,829 $181,117,230
2000 $196,181,599,831 $204,848,488
1999 $216,421,809,126 $199,208,718
1998 $217,068,085,816 $191,504,893
1997 $211,724,812,267 $214,991,452
1996 $235,952,581,232 $222,100,576
1995 $240,094,169,510 $208,871,666
1994 $202,738,023,130 $195,990,986
1993 $189,634,029,339 $138,489,884
1992 $194,314,032,056 $137,066,291
1991 $173,113,449,617 $132,201,141
1990 $165,811,372,383 $113,563,822
1989 $132,584,448,258 $106,344,855
1988 $132,817,124,707 $106,657,267
1987 $123,682,091,859 $81,667,133
1986 $98,648,254,169 $68,195,856
1985 $69,114,996,010 $60,058,663
1984 $67,719,055,773 $64,248,355
1983 $71,838,528,420 $60,863,964
1982 $70,996,111,963 $62,068,161
1981 $70,755,997,062 $62,242,013
1980 $81,737,498,405 $53,260,077
1979 $73,647,694,287 $44,667,002
1978 $61,809,208,756 $41,567,472
1977 $51,343,861,460 $34,139,388
1976 $42,791,707,448 $30,036,417
1975 $39,902,300,703 $32,506,742
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/tonga | CC BY

GDP per capita in Austria vs Tonga by year

Austria
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 - -
2023 $56,580 $73,545 $5,652 $7,803
2022 $52,337 $72,065 $5,298 $7,296
2021 $53,649 $62,969 $4,923 $6,929
2020 $48,716 $58,523 $4,792 $6,676
2019 $49,886 $60,355 $4,789 $6,473
2018 $51,194 $56,636 $4,675 $6,393
2017 $47,164 $53,870 $4,366 $6,229
2016 $45,061 $52,398 $3,988 $5,920
2015 $43,915 $49,549 $4,124 $5,472
2014 $51,315 $48,355 $4,137 $5,336
2013 $50,305 $47,520 $4,219 $5,120
2012 $48,250 $46,156 $4,384 $4,996
2011 $51,117 $44,172 $3,850 $4,855
2010 $46,611 $41,735 $3,416 $4,465
2009 $47,857 $40,687 $2,914 $4,384
2008 $51,581 $41,047 $3,218 $4,600
2007 $46,623 $39,192 $2,797 $4,316
2006 $40,382 $37,388 $2,750 $4,327
2005 $38,157 $34,777 $2,478 $4,315
2004 $36,614 $33,519 $2,195 $4,235
2003 $32,110 $31,959 $1,936 $4,231
2002 $26,335 $30,952 $1,759 $4,171
2001 $24,430 $29,553 $1,754 $3,955
2000 $24,487 $29,221 $1,995 $3,834
1999 $27,079 $27,500 $1,952 $3,636
1998 $27,212 $26,531 $1,889 $3,527
1997 $26,572 $25,301 $2,136 $3,434
1996 $29,646 $24,427 $2,215 $3,410
1995 $30,207 $23,604 $2,084 $3,347
1994 $25,546 $22,553 $1,957 $3,088
1993 $23,987 $21,647 $1,383 $2,882
1992 $24,783 $21,209 $1,370 $2,716
1991 $22,323 $20,536 $1,323 $2,652
1990 $21,596 $19,396 $1,139 $2,416
1989 $17,401 - $1,070 -
1988 $17,510 - $1,078 -
1987 $16,329 - $830 -
1986 $13,032 - $696 -
1985 $9,136 - $613 -
1984 $8,956 - $656 -
1983 $9,500 - $621 -
1982 $9,373 - $633 -
1981 $9,348 - $636 -
1980 $10,827 - $545 -
1979 $9,755 - $458 -
1978 $8,173 - $428 -
1977 $6,784 - $353 -
1976 $5,656 - $315 -
1975 $5,265 - $349 -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/tonga | CC BY

Austria's GDP per capita is $58,269, ranking 16/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Tonga ranks 144th at $7,803.

Economic indicators

Austria Tonga
Gross domestic product
$535B
2024
$591M
2023
GDP rank
30/197
2024
191/197
2023
GDP growth
-0.66%
2023-2024
2.79%
2022-2023
GDP per capita
$58,269
2024
$5,652
2023
GDP per capita rank
16/197
2024
115/197
2023
GDP per capita, PPP
$73,911
2024
$7,803
2023
GDP per capita PPP rank
19/197
2024
144/197
2023
Government debt
$432B
2024
$256M
2023
Debt-to-GDP ratio
80.8%
2024
37%
2024
Government debt per person
$47,075
2024
$2,445
2023
Government debt per person rank
10/185
2024
111/185
2023
Average annual personal income after taxes
$40,736
2026
$3,886
2026
Market capitalization of domestic companies
$121B
2024
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
24.8%
2023
22%
2021
Income share by poorest 10%
2.8%
2023
4%
2021
Government expenditure, % of GDP
56%
2024
51.3%
2024
Consumer prices inflation
2.94%
2023-2024
3.18%
2023-2024
Unemployment rate
5.16%
2024
1.65%
2023
Population
9163419
103309

Spending and national debt comparison by year

Austria
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Austria Tonga
Government spending Government debt Government spending Government debt
2024 56% 80.8% 51.3% 37%
2023 52.7% 78.5% 48.2% 43.3%
2022 53% 78.4% 44.4% 43.2%
2021 56% 82.4% 44.6% 43%
2020 57.3% 83.2% 37.9% 42.6%
2019 49.1% 71% 39.9% 42.8%
2018 49.2% 74.6% 39.6% 45.8%
2017 49.8% 79.1% 39.7% 44.7%
2016 50.6% 83.4% 37.2% 49.4%
2015 51.2% 85.6% 37.4% 51.1%
2014 52.4% 85.2% 31.5% 47.4%
2013 52.4% 82.4% 34.3% 48.9%
2012 51.8% 82.9% 32% 60%
2011 51.3% 83.4% 32.6% 51.9%
2010 53.4% 83.7% 28.4% 44.7%
2009 54.6% 80.8% 23.9% 39.7%
2008 50.4% 69.5% 24% 34%
2007 49.7% 65.8% 23.2% 37.8%
2006 50.9% 68.2% 25.6% 39.6%
2005 51.7% 69.4% 19.8% 43.3%
2004 54.3% 65.9% 19.3% 52.2%
2003 51.8% 66.4% 20% 56.2%
2002 51.6% 67.4% 21.3% 60.7%
2001 51.8% 67.2% 19.1% 53.4%
2000 50.9% 66.1% 20% 43.6%
1999 50.5% 61.3% 18.8% 38.4%
1998 54.4% 69.2% - -
1997 52.5% 63.4% - -
1996 55.9% 68.2% - -
1995 56.1% 68.2% - -
1994 54.3% 64.1% - -
1993 54.3% 61% - -
1992 49.3% 56.3% - -
1991 47.9% 56.4% - -
1990 46.8% 56.2% - -
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/austria/tonga | CC BY

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 37% in Tonga, ranking 44/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Tonga
1x
Year Deficit/surplus, % of GDP
Austria Tonga
2024 -4.64% 4.17%
2023 -2.62% 6.14%
2022 -3.31% -0.1%
2021 -5.69% -0.87%
2020 -8.2% 5.25%
2019 0.54% 3.28%
2018 0.2% 2.92%
2017 -0.78% 3.58%
2016 -1.45% 1.47%
2015 -0.48% -2.75%
2014 -1.92% 6.38%
2013 -1.99% -1.3%
2012 -2.18% -1.74%
2011 -2.48% -6.02%
2010 -4.46% -1.22%
2009 -5.38% 6.85%
2008 -1.57% 2.14%
2007 -1.56% 5.39%
2006 -2.61% 1.34%
2005 -2.59% 4.23%
2004 -4.94% 4.23%
2003 -1.84% 2.37%
2002 -1.43% 2.59%
2001 -0.71% 2.23%
2000 -2.07% 1.35%
1999 -2.63% 1.55%
1998 -2.68% -
1997 -2.38% -
1996 -4.38% -
1995 -6.17% -
1994 -5.04% -
1993 -4.57% -
1992 -2.15% -
1991 -2.96% -
1990 -2.58% -
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/tonga | CC BY

In 2023, Austria's government deficit, the difference between spending and revenue, was $13.5B, equivalent to 2.62% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Austria recorded a fiscal deficit in 23 of those years, while Tonga ran a deficit in 7 years. On average, Austria posted an annual deficit equal to 2.49% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Austria

Tonga
1x
Year Consumer prices inflation
Austria Tonga
2024 2.94% 3.18%
2023 7.81% 6.35%
2022 8.55% 11%
2021 2.77% 5.64%
2020 1.38% -0.35%
2019 1.53% 1.18%
2018 2% 5.03%
2017 2.08% 7.52%
2016 0.89% 2.58%
2015 0.9% -1.05%
2014 1.61% 2.51%
2013 2% 0.78%
2012 2.49% 1.15%
2011 3.29% 6.27%
2010 1.81% 3.53%
2009 0.51% 1.43%
2008 3.22% 10.4%
2007 2.17% 5.84%
2006 1.44% 6.15%
2005 2.3% 8.67%
2004 2.06% 11%
2003 1.36% 11.6%
2002 1.81% 10.4%
2001 2.65% 8.29%
2000 2.34% 6.33%
1999 0.57% 4.46%
1998 0.92% 3.27%
1997 1.31% 2.12%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/tonga | CC BY

Over the past 28 years, Austria has recorded an average annual inflation rate of 2.31%, compared with 5.19% in Tonga. In 2024, inflation was 2.94% in Austria and 3.18% in Tonga.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $36K
Chemicals & pharma $1K
Tonga
Export category Export value

Balance of trade

Austria Tonga
Current account balance
$8.19B
2024
-$43.5M
2024
Current account balance ranking
25/190
2024
83/190
2024
Current account balance, % of GDP
+1.53%
2024
-7.93%
2023
Goods imports
$195B
2024
$232M
2024
Goods exports
$201B
2024
$10.8M
2024
Service imports
$90.5B
2024
$161M
2024
Service exports
$96.6B
2024
$93.6M
2024
Imports of goods and services, % of GDP
53.1%
2024
64.9%
2023
Exports of goods and services, % of GDP
55.7%
2024
14.7%
2023

Economic freedom indices

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

Austria Tonga
Economic freedom 69.8 58.9
Economic freedom ranking 38/197 107/197
Property rights 95.7 71.1
Government integrity 75 45.1
Judicial effectiveness 94.8 64.9
Tax burden 45.7 85.6
Government spending 12.8 31
Fiscal health 67.1 97.3
Business freedom 78.7 59.2
Labor freedom 81.6 55.9
Monetary freedom 76.4 61
Trade freedom 79.4 75.4
Investment freedom 60 40
Financial freedom 70 20

Economic freedom comparison by year

Austria
Tonga
1x
Year Economic freedom index
Austria Tonga
2026 69.8 58.9
2025 69.7 58.5
2024 68.4 59.2
2023 71.1 60
2022 73.8 60.8
2021 73.9 57.5
2020 73.3 58.8
2019 72 57.7
2018 71.8 63.1
2017 72.3 63
2016 71.7 59.6
2015 71.2 59.3
2014 72.4 58.2
2013 71.8 56
2012 70.3 57
2011 71.9 55.8
2010 71.6 53.4
2009 71.2 54.1
2008 71.4 -
2007 71.6 -
2006 71.1 -
2005 68.8 -
2004 67.6 -
2003 67.6 -
2002 67.4 -
2001 68.1 -
2000 68.4 -
1999 64 -
1998 65.4 -
1997 65.2 -
1996 68.9 -
1995 70 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/austria/tonga | CC BY

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Tonga
Services, % of GDP
64%
2024
50%
2023
Industry, % of GDP
24.6%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
19%
2023
GNI, Atlas method
$503B
2024
$619M
2023
GNI per capita, PPP
$74,160
2024
$8,400
2023
Total reserves including gold
$35.4B
2024
$377M
2024
Total reserves ranking
53/177
2024
163/177
2024
Net foreign direct investment
$135M
2024
$13.3M
2024
Net inflows of foreign direct investment
$13.7B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$13.8B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
2.76%
2023
Poverty at national poverty lines
14.8%
2021
20.6%
2021
Gross capital formation, % of GDP
23.6%
2024
25.9%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/austria/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.