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Economy of Botswana vs Tonga compared: GDP & Debt

Updated on by Georank team

Botswana has a GDP of $19.4B compared to $591M for Tonga, ranking 133/197 and 191/197 by economy size, respectively.

Botswana has $5.82B in government debt (30% of GDP), compared to $256M (37% of GDP) in Tonga.

Botswana vs Tonga GDP by year

Botswana
Tonga
1x
Year GDP, current $
Botswana Tonga
2024 $19,402,063,513 -
2023 $19,411,266,967 $591,139,749
2022 $20,321,150,599 $556,514,555
2021 $18,750,182,236 $519,306,353
2020 $14,960,251,608 $506,571,468
2019 $16,725,908,149 $506,031,239
2018 $17,031,943,186 $493,530,783
2017 $16,105,155,857 $459,976,850
2016 $15,082,637,184 $420,828,262
2015 $13,530,748,845 $437,525,514
2014 $15,470,088,501 $440,997,738
2013 $14,271,738,933 $451,788,498
2012 $13,907,464,500 $471,122,971
2011 $15,110,643,612 $414,143,828
2010 $12,637,273,429 $366,887,375
2009 $10,118,459,242 $312,415,028
2008 $10,730,829,116 $344,438,844
2007 $10,567,270,656 $298,519,623
2006 $9,919,158,482 $292,232,703
2005 $9,918,907,108 $261,823,805
2004 $8,957,467,707 $230,678,011
2003 $7,511,582,173 $202,246,591
2002 $5,438,863,983 $182,764,281
2001 $5,489,608,300 $181,117,230
2000 $5,788,329,609 $204,848,488
1999 $5,484,263,347 $199,208,718
1998 $4,790,481,509 $191,504,893
1997 $5,020,265,627 $214,991,452
1996 $4,847,757,218 $222,100,576
1995 $4,730,599,122 $208,871,666
1994 $4,259,259,604 $195,990,986
1993 $4,160,129,175 $138,489,884
1992 $4,146,464,587 $137,066,291
1991 $3,942,876,703 $132,201,141
1990 $3,790,636,324 $113,563,822
1989 $3,083,822,112 $106,344,855
1988 $2,644,554,159 $106,657,267
1987 $1,965,226,890 $81,667,133
1986 $1,392,602,164 $68,195,856
1985 $1,114,783,343 $60,058,663
1984 $1,240,822,167 $64,248,355
1983 $1,172,230,397 $60,863,964
1982 $1,014,945,696 $62,068,161
1981 $1,073,812,830 $62,242,013
1980 $1,060,889,704 $53,260,077
1979 $819,870,259 $44,667,002
1978 $590,407,374 $41,567,472
1977 $451,624,780 $34,139,388
1976 $372,025,093 $30,036,417
1975 $355,168,572 $32,506,742
1974 $306,044,208 -
1973 $244,124,164 -
1972 $164,460,915 -
1971 $127,448,614 -
1970 $96,243,234 -
1969 $77,361,547 -
1968 $66,248,441 -
1967 $58,642,354 -
1966 $51,465,655 -
1965 $45,788,696 -
1964 $41,616,348 -
1963 $38,091,843 -
1962 $35,644,957 -
1961 $32,902,613 -
1960 $30,411,414 -

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

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

GDP per capita in Botswana vs Tonga by year

Botswana
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,696 $20,538 - -
2023 $7,826 $21,012 $5,652 $7,803
2022 $8,329 $19,977 $5,298 $7,296
2021 $7,808 $17,961 $4,923 $6,929
2020 $6,323 $15,292 $4,792 $6,676
2019 $7,172 $15,960 $4,789 $6,473
2018 $7,408 $15,786 $4,675 $6,393
2017 $7,105 $15,701 $4,366 $6,229
2016 $6,749 $16,228 $3,988 $5,920
2015 $6,141 $14,144 $4,124 $5,472
2014 $7,122 $15,003 $4,137 $5,336
2013 $6,667 $13,621 $4,219 $5,120
2012 $6,596 $12,737 $4,384 $4,996
2011 $7,287 $13,635 $3,850 $4,855
2010 $6,216 $12,753 $3,416 $4,465
2009 $5,083 $11,686 $2,914 $4,384
2008 $5,503 $13,810 $3,218 $4,600
2007 $5,529 $13,389 $2,797 $4,316
2006 $5,292 $12,563 $2,750 $4,327
2005 $5,391 $11,458 $2,478 $4,315
2004 $4,957 $10,818 $2,195 $4,235
2003 $4,230 $10,439 $1,936 $4,231
2002 $3,117 $9,958 $1,759 $4,171
2001 $3,206 $9,420 $1,754 $3,955
2000 $3,451 $9,380 $1,995 $3,834
1999 $3,340 $9,188 $1,952 $3,636
1998 $2,981 $8,441 $1,889 $3,527
1997 $3,194 $8,497 $2,136 $3,434
1996 $3,156 $7,890 $2,215 $3,410
1995 $3,156 $7,503 $2,084 $3,347
1994 $2,917 $7,049 $1,957 $3,088
1993 $2,929 $6,847 $1,383 $2,882
1992 $3,005 $6,753 $1,370 $2,716
1991 $2,939 $6,598 $1,323 $2,652
1990 $2,903 $6,104 $1,139 $2,416
1989 $2,428 - $1,070 -
1988 $2,141 - $1,078 -
1987 $1,639 - $830 -
1986 $1,200 - $696 -
1985 $994 - $613 -
1984 $1,145 - $656 -
1983 $1,121 - $621 -
1982 $1,006 - $633 -
1981 $1,107 - $636 -
1980 $1,132 - $545 -
1979 $909 - $458 -
1978 $695 - $428 -
1977 $565 - $353 -
1976 $490 - $315 -
1975 $493 - $349 -
1974 $446 - - -
1973 $374 - - -
1972 $264.2 - - -
1971 $212.2 - - -
1970 $163 - - -
1969 $131.8 - - -
1968 $113.4 - - -
1967 $100.9 - - -
1966 $89.1 - - -
1965 $79.7 - - -
1964 $73.5 - - -
1963 $68.9 - - -
1962 $66 - - -
1961 $62.3 - - -
1960 $58.9 - - -

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

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

Botswana's GDP per capita is $7,696, ranking 97/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Tonga ranks 144th at $7,803.

Economic indicators

Botswana Tonga
Gross domestic product
$19.4B
2024
$591M
2023
GDP rank
133/197
2024
191/197
2023
GDP growth
-2.99%
2023-2024
2.79%
2022-2023
GDP per capita
$7,696
2024
$5,652
2023
GDP per capita rank
97/197
2024
115/197
2023
GDP per capita, PPP
$20,538
2024
$7,803
2023
GDP per capita PPP rank
95/197
2024
144/197
2023
Government debt
$5.82B
2024
$256M
2023
Debt-to-GDP ratio
30%
2024
37%
2024
Government debt per person
$2,310
2024
$2,445
2023
Government debt per person rank
114/185
2024
111/185
2023
Average annual personal income after taxes
$5,271
2026
$3,886
2026
Market capitalization of domestic companies
$3.59B
2023
n/a
Income share by richest 10%
42.9%
2015
22%
2021
Income share by poorest 10%
1.4%
2015
4%
2021
Government expenditure, % of GDP
33.8%
2024
51.3%
2024
Consumer prices inflation
2.82%
2023-2024
3.18%
2023-2024
Central bank interest rate
1.9%
2024
n/a
Unemployment rate
24.4%
2024
1.65%
2023
Population
2615162
103309

Spending and national debt comparison by year

Botswana
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Botswana Tonga
Government spending Government debt Government spending Government debt
2024 33.8% 30% 51.3% 37%
2023 32.4% 22.5% 48.2% 43.3%
2022 29.5% 21.3% 44.4% 43.2%
2021 33% 23.4% 44.6% 43%
2020 38.5% 24.8% 37.9% 42.6%
2019 36.4% 21.3% 39.9% 42.8%
2018 35.9% 19.8% 39.6% 45.8%
2017 35% 19.8% 39.7% 44.7%
2016 34.2% 22.4% 37.2% 49.4%
2015 39.7% 25.7% 37.4% 51.1%
2014 36.4% 23.9% 31.5% 47.4%
2013 34.8% 24.7% 34.3% 48.9%
2012 38.3% 27.3% 32% 60%
2011 37.4% 28.1% 32.6% 51.9%
2010 44.7% 27.9% 28.4% 44.7%
2009 54.5% 23.5% 23.9% 39.7%
2008 48% 7.77% 24% 34%
2007 38.3% 6.12% 23.2% 37.8%
2006 34.1% 6.32% 25.6% 39.6%
2005 35% 7.74% 19.8% 43.3%
2004 42% 11.3% 19.3% 52.2%
2003 44% 7.29% 20% 56.2%
2002 46% 8.55% 21.3% 60.7%
2001 42.9% 7.61% 19.1% 53.4%
2000 39.8% 8.37% 20% 43.6%
1999 41.7% 9.68% 18.8% 38.4%
1998 44.3% 12% - -
1997 40% - - -
1996 37.2% - - -
1995 38.1% - - -
1994 39.2% - - -
1993 44.2% - - -
1992 43.4% - - -
1991 42.3% - - -
1990 40.5% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Botswana's government spending was $6.55B, accounting for 33.8% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 30% in Botswana and 37% in Tonga, ranking 158/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Tonga
1x
Year Deficit/surplus, % of GDP
Botswana Tonga
2024 -7.82% 4.17%
2023 -4.25% 6.14%
2022 -0.006% -0.1%
2021 -2.46% -0.87%
2020 -11.5% 5.25%
2019 -8.43% 3.28%
2018 -5.07% 2.92%
2017 -1.16% 3.58%
2016 0.72% 1.47%
2015 -5.06% -2.75%
2014 3.88% 6.38%
2013 6.07% -1.3%
2012 0.92% -1.74%
2011 -0.12% -6.02%
2010 -8.36% -1.22%
2009 -14.4% 6.85%
2008 -7.59% 2.14%
2007 5.92% 5.39%
2006 13.7% 1.34%
2005 10.7% 4.23%
2004 1.42% 4.23%
2003 -0.18% 2.37%
2002 -4.02% 2.59%
2001 -2.96% 2.23%
2000 8.95% 1.35%
1999 6.18% 1.55%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20).

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

In 2023, Botswana's government deficit, the difference between spending and revenue, was $825M, equivalent to 4.25% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Botswana recorded a fiscal deficit in 15 of those years, while Tonga ran a deficit in 7 years. On average, Botswana posted an annual deficit equal to 0.68% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Botswana

Tonga
1x
Year Consumer prices inflation
Botswana Tonga
2024 2.82% 3.18%
2023 5.07% 6.35%
2022 11.7% 11%
2021 7.24% 5.64%
2020 1.89% -0.35%
2019 2.77% 1.18%
2018 3.24% 5.03%
2017 3.31% 7.52%
2016 2.81% 2.58%
2015 3.06% -1.05%
2014 4.4% 2.51%
2013 5.88% 0.78%
2012 7.54% 1.15%
2011 8.46% 6.27%
2010 6.95% 3.53%
2009 8.03% 1.43%
2008 12.7% 10.4%
2007 7.08% 5.84%
2006 11.6% 6.15%
2005 8.61% 8.67%
2004 6.95% 11%
2003 9.19% 11.6%
2002 8.03% 10.4%
2001 6.56% 8.29%
2000 8.6% 6.33%
1999 7.75% 4.46%
1998 6.66% 3.27%
1997 8.72% 2.12%

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

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

Over the past 28 years, Botswana has recorded an average annual inflation rate of 6.7%, compared with 5.19% in Tonga. In 2024, inflation was 2.82% in Botswana and 3.18% in Tonga.

Balance of trade

Botswana Tonga
Current account balance
-$821M
2024
-$43.5M
2024
Current account balance ranking
118/190
2024
83/190
2024
Current account balance, % of GDP
-4.23%
2024
-7.93%
2023
Goods imports
$6.86B
2024
$232M
2024
Goods exports
$4.66B
2024
$10.8M
2024
Service imports
$1.29B
2024
$161M
2024
Service exports
$935M
2024
$93.6M
2024
Imports of goods and services, % of GDP
43.7%
2024
64.9%
2023
Exports of goods and services, % of GDP
27.4%
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.

Botswana Tonga
Economic freedom 67.7 58.9
Economic freedom ranking 53/197 107/197
Property rights 71.7 71.1
Government integrity 59.6 45.1
Judicial effectiveness 70.2 64.9
Tax burden 87.1 85.6
Government spending 69.8 31
Fiscal health 72.4 97.3
Business freedom 61.5 59.2
Labor freedom 60.7 55.9
Monetary freedom 72 61
Trade freedom 77 75.4
Investment freedom 50 40
Financial freedom 60 20

Economic freedom comparison by year

Botswana
Tonga
1x
Year Economic freedom index
Botswana Tonga
2026 67.7 58.9
2025 69.9 58.5
2024 68 59.2
2023 64.9 60
2022 64.8 60.8
2021 67.6 57.5
2020 69.6 58.8
2019 69.5 57.7
2018 69.9 63.1
2017 70.1 63
2016 71.1 59.6
2015 69.8 59.3
2014 72 58.2
2013 70.6 56
2012 69.6 57
2011 68.8 55.8
2010 70.3 53.4
2009 69.7 54.1
2008 68.2 -
2007 68.1 -
2006 68.8 -
2005 69.3 -
2004 69.9 -
2003 68.6 -
2002 66.2 -
2001 66.8 -
2000 65.8 -
1999 62.9 -
1998 62.8 -
1997 59.1 -
1996 61.6 -
1995 56.8 -

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

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, 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

Botswana Tonga
Services, % of GDP
63.5%
2024
50%
2023
Industry, % of GDP
29.4%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
1.71%
2024
19%
2023
GNI, Atlas method
$19.5B
2024
$619M
2023
GNI per capita, PPP
$20,570
2024
$8,400
2023
Total reserves including gold
$3.46B
2024
$377M
2024
Total reserves ranking
113/177
2024
163/177
2024
Net foreign direct investment
-$464M
2024
$13.3M
2024
Net inflows of foreign direct investment
$467M
2024
-$12.1M
2024
Net outflows of foreign direct investment
$3.02M
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
1.42%
2024
2.76%
2023
Poverty at national poverty lines
16.1%
2015
20.6%
2021
Gross capital formation, % of GDP
36%
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/botswana/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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.