The Bahamas vs Tonga: Economic Indicators Comparison

The Bahamas with a GDP of $12.4B ranked the 137th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, the Bahamas and Tonga ranked 160th vs 89th and 31st vs 113th, respectively.

Gross Domestic Product & Income

StatBahamasTonga
GDP$12.4B$450.4M
GDP growth, 1 year2.3%1.8%
GDP growth, 5-years average0.6%3%
Population395k108k
GDP per capita$32k$4.4k
GDP per capita growth0.54%-0.87%
Purchasing Power Parity conversion factor11.49
Price level ratio of PPP conversion factor GDP to market exchange rate10.68
GDP per capita, PPP adjusted$33k$6.1k
GNI, Atlas method$11.8B$443.3M
GNI per capita$31k$4.3k
GNI, PPP adjusted$11.7B$672.5M
GNI per capita, PPP adjusted$30k$6.5k

Financial system and Human development

StatBahamasTonga
Income Tax Rate0%20%
Corporate Tax Rate0%25%
Inflation, consumer prices2.2%3.9%
Inflation, GDP deflator0.7%3.6%
Unemployment11.9%1%
Economic Freedom Index64.558.8
Personal Freedom Index8.325.6
Human Freedom Index7.975.6
Property Rights Index54.960.9
Judical Effectiveness Index46.426.5
Business Freedom Index6975
Fiscal Health Index69.295.2
Labor Freedom Index7069.8
Investment Freedom Index5040
Financial Freedom Index6020
Trade Freedom Index47.874
Monetary Freedom Index76.371.4
Government Spending Index87.442.8
Tax Burden Index96.885.2
Government Integrity Index4644.2
Corruption Perceptions Index6550
Life expectancy at birth, years73.670.7
Suicide mortality rate, per 100,000 people1.73.5
Mortality caused by road traffic injury, per 100,000 people13.816.8
Intentional homicides, per 100,000 people30.91
International tourism, number of arrivals1.6M54k

Government debt & reserves

StatBahamasTonga
Central government debt, % of GDP61%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 GNI7.1%9.3%
Gross savings, % of GDP12.7%16.5%
Gross capital formation, % of GDP24.5%33.4%
Total reserves including gold$1.4B$227.2M
Foreign direct investment net inflows$491.4M$15M

Exports, imports and economic structure

StatBahamasTonga
Exports of goods and services, % of GDP36.1%22.3%
Imports of goods and services, % of GDP41.3%75.9%
Current account balance (balance of payments)-$1.5B-$28.6M
Revenue excluding grants, % of GDP16.4%25.6%
Grants excluding technical cooperation, BoP$1.7M$64.2M
Personal remittances receivedN/A$183.3M
Industry including construction value added, % of GDP13%17.3%
Agriculture, forestry and fishing value added, % of GDP0.9%17.2%
Charges for the use of intellectual property, payments BoP$10.3M$183
Charges for the use of intellectual property, receipts BoPN/A$2.3k
Expense, % of GDP17.9%31.4%
Government Expenditure, % of GDP20.5%43.7%

Compare with countries close by GDP per capita

Bahamas vs

CountryGDP
per capita
Population
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
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k

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