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Economy of Brazil vs Tonga compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $591M for Tonga, ranking 10/197 and 191/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $256M (37% of GDP) in Tonga.

Brazil vs Tonga GDP by year

Brazil
Tonga
1x
Year GDP, current $
Brazil Tonga
2024 $2,185,821,648,944 -
2023 $2,191,131,869,706 $591,139,749
2022 $1,951,923,832,084 $556,514,555
2021 $1,670,647,464,063 $519,306,353
2020 $1,476,107,292,152 $506,571,468
2019 $1,873,288,158,839 $506,031,239
2018 $1,916,933,708,353 $493,530,783
2017 $2,063,514,688,806 $459,976,850
2016 $1,795,693,265,999 $420,828,262
2015 $1,802,211,999,456 $437,525,514
2014 $2,456,043,766,032 $440,997,738
2013 $2,472,819,362,044 $451,788,498
2012 $2,465,228,293,707 $471,122,971
2011 $2,616,156,606,579 $414,143,828
2010 $2,208,838,108,484 $366,887,375
2009 $1,666,996,294,252 $312,415,028
2008 $1,695,855,391,758 $344,438,844
2007 $1,397,114,247,189 $298,519,623
2006 $1,107,626,711,163 $292,232,703
2005 $891,633,826,625 $261,823,805
2004 $669,289,321,945 $230,678,011
2003 $558,233,724,165 $202,246,591
2002 $509,795,270,685 $182,764,281
2001 $559,983,704,094 $181,117,230
2000 $655,448,188,259 $204,848,488
1999 $599,642,075,004 $199,208,718
1998 $863,711,007,325 $191,504,893
1997 $883,206,452,795 $214,991,452
1996 $850,426,433,004 $222,100,576
1995 $769,333,330,412 $208,871,666
1994 $525,369,851,354 $195,990,986
1993 $368,295,778,245 $138,489,884
1992 $328,187,960,872 $137,066,291
1991 $342,609,231,343 $132,201,141
1990 $390,725,626,003 $113,563,822
1989 $412,990,820,287 $106,344,855
1988 $307,881,930,752 $106,657,267
1987 $283,056,836,894 $81,667,133
1986 $256,480,852,471 $68,195,856
1985 $210,879,844,639 $60,058,663
1984 $188,339,974,087 $64,248,355
1983 $189,656,506,321 $60,863,964
1982 $271,314,113,768 $62,068,161
1981 $258,015,174,749 $62,242,013
1980 $237,393,489,893 $53,260,077
1979 $221,338,204,480 $44,667,002
1978 $200,278,646,124 $41,567,472
1977 $176,344,101,402 $34,139,388
1976 $153,168,949,208 $30,036,417
1975 $129,203,555,239 $32,506,742
1974 $109,794,519,728 -
1973 $83,592,275,863 -
1972 $58,434,858,375 -
1971 $48,869,830,902 -
1970 $42,327,664,794 -
1969 $37,171,640,819 -
1968 $33,930,457,425 -
1967 $31,086,389,195 -
1966 $28,283,323,733 -
1965 $22,465,522,884 -
1964 $20,963,733,695 -
1963 $23,287,712,878 -
1962 $19,231,747,852 -
1961 $17,275,940,449 -
1960 $17,030,465,539 -

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

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

GDP per capita in Brazil vs Tonga by year

Brazil
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 - -
2023 $10,378 $21,176 $5,652 $7,803
2022 $9,281 $19,877 $5,298 $7,296
2021 $7,973 $18,076 $4,923 $6,929
2020 $7,074 $16,102 $4,792 $6,676
2019 $9,030 $16,070 $4,789 $6,473
2018 $9,301 $15,464 $4,675 $6,393
2017 $10,081 $14,559 $4,366 $6,229
2016 $8,836 $14,309 $3,988 $5,920
2015 $8,936 $14,821 $4,124 $5,472
2014 $12,275 $15,827 $4,137 $5,336
2013 $12,459 $15,722 $4,219 $5,120
2012 $12,522 $15,198 $4,384 $4,996
2011 $13,397 $15,212 $3,850 $4,855
2010 $11,403 $14,452 $3,416 $4,465
2009 $8,679 $13,391 $2,914 $4,384
2008 $8,908 $13,445 $3,218 $4,600
2007 $7,410 $12,673 $2,797 $4,316
2006 $5,934 $11,751 $2,750 $4,327
2005 $4,828 $11,081 $2,478 $4,315
2004 $3,664 $10,526 $2,195 $4,235
2003 $3,091 $9,802 $1,936 $4,231
2002 $2,856 $9,617 $1,759 $4,171
2001 $3,176 $9,304 $1,754 $3,955
2000 $3,767 $9,092 $1,995 $3,834
1999 $3,494 $8,635 $1,952 $3,636
1998 $5,106 $8,599 $1,889 $3,527
1997 $5,299 $8,602 $2,136 $3,434
1996 $5,179 $8,301 $2,215 $3,410
1995 $4,757 $8,097 $2,084 $3,347
1994 $3,299 $7,727 $1,957 $3,088
1993 $2,349 $7,260 $1,383 $2,882
1992 $2,127 $6,869 $1,370 $2,716
1991 $2,258 $6,867 $1,323 $2,652
1990 $2,620 $6,688 $1,139 $2,416
1989 $2,819 - $1,070 -
1988 $2,141 - $1,078 -
1987 $2,006 - $830 -
1986 $1,854 - $696 -
1985 $1,556 - $613 -
1984 $1,420 - $656 -
1983 $1,461 - $621 -
1982 $2,138 - $633 -
1981 $2,080 - $636 -
1980 $1,959 - $545 -
1979 $1,870 - $458 -
1978 $1,733 - $428 -
1977 $1,562 - $353 -
1976 $1,390 - $315 -
1975 $1,201 - $349 -
1974 $1,045 - - -
1973 $815 - - -
1972 $583 - - -
1971 $500 - - -
1970 $444 - - -
1969 $399 - - -
1968 $374 - - -
1967 $351 - - -
1966 $328 - - -
1965 $268 - - -
1964 $257.3 - - -
1963 $294.2 - - -
1962 $250.2 - - -
1961 $231.6 - - -
1960 $235.3 - - -

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

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

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Tonga ranks 144th at $7,803.

Economic indicators

Brazil Tonga
Gross domestic product
$2.19T
2024
$591M
2023
GDP rank
10/197
2024
191/197
2023
GDP growth
3.42%
2023-2024
2.79%
2022-2023
GDP per capita
$10,311
2024
$5,652
2023
GDP per capita rank
85/197
2024
115/197
2023
GDP per capita, PPP
$22,338
2024
$7,803
2023
GDP per capita PPP rank
88/197
2024
144/197
2023
Government debt
$1.91T
2024
$256M
2023
Debt-to-GDP ratio
87.3%
2024
37%
2024
Government debt per person
$8,999
2024
$2,445
2023
Government debt per person rank
60/185
2024
111/185
2023
Average annual personal income after taxes
$6,263
2026
$3,886
2026
Market capitalization of domestic companies
$659B
2024
n/a
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
22%
2021
Income share by poorest 10%
1.3%
2023
4%
2021
Government expenditure, % of GDP
45.7%
2024
51.3%
2024
Consumer prices inflation
4.4%
2023-2024
3.18%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
1.65%
2023
Population
213824938
103309

Spending and national debt comparison by year

Brazil
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Brazil Tonga
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 51.3% 37%
2023 45.3% 84% 48.2% 43.3%
2022 43.4% 83.9% 44.4% 43.2%
2021 40.4% 88.9% 44.6% 43%
2020 46.2% 96% 37.9% 42.6%
2019 43% 87.1% 39.9% 42.8%
2018 44.2% 84.8% 39.6% 45.8%
2017 44.3% 82.7% 39.7% 44.7%
2016 45.5% 77.4% 37.2% 49.4%
2015 46.2% 71.7% 37.4% 51.1%
2014 41.4% 61.6% 31.5% 47.4%
2013 39.8% 59.6% 34.3% 48.9%
2012 39.3% 61.6% 32% 60%
2011 39.4% 60.6% 32.6% 51.9%
2010 39.5% 62.4% 28.4% 44.7%
2009 40.5% 64.7% 23.9% 39.7%
2008 39.9% 61.4% 24% 34%
2007 40.4% 63% 23.2% 37.8%
2006 42.6% 64.6% 25.6% 39.6%
2005 41.9% 67% 19.8% 43.3%
2004 39.7% 68% 19.3% 52.2%
2003 41.3% 71.5% 20% 56.2%
2002 44.5% 76.1% 21.3% 60.7%
2001 39.8% 67.3% 19.1% 53.4%
2000 34.5% 62.2% 20% 43.6%
1999 39.6% 44.5% 18.8% 38.4%
1998 40.9% 38.9% - -
1997 38.6% 31.8% - -
1996 38.2% 30.7% - -
1995 - 28% - -
1994 - 30% - -
1993 - 32.6% - -
1992 - 37.1% - -
1991 - 38.1% - -
1990 - 40.6% - -
1989 - 40.2% - -
1988 - 46.9% - -
1987 - 50.3% - -
1986 11.7% 49.4% - -
1985 11.1% 52.6% - -
1984 10% 55.8% - -
1983 9.7% 51.5% - -
1982 8.1% 32.8% - -
1981 7.8% 34.6% - -
1980 6.8% 39.7% - -
1979 9% 36.6% - -
1978 10.2% 37% - -
1977 10.4% 31% - -
1976 10.6% 31.8% - -
1975 10.7% 27.7% - -
1974 10.5% 25.7% - -
1973 11% 22.4% - -
1972 12.6% 22.5% - -
1971 11.7% 17.9% - -
1970 11.4% 17% - -
1969 11.2% 16.5% - -
1968 14.4% 15.8% - -
1967 13.5% 13.8% - -
1966 14.6% 19.6% - -
1965 14% 17.6% - -
1964 25.4% 22.2% - -
1963 22.8% 20.4% - -
1962 23.1% 23.7% - -
1961 12% 25.7% - -
1960 13.7% 22.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 37% in Tonga, ranking 38/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Tonga
1x
Year Deficit/surplus, % of GDP
Brazil Tonga
2024 -6.19% 4.17%
2023 -7.71% 6.14%
2022 -3.96% -0.1%
2021 -2.63% -0.87%
2020 -11.6% 5.25%
2019 -4.86% 3.28%
2018 -6.99% 2.92%
2017 -7.97% 3.58%
2016 -7.99% 1.47%
2015 -9.28% -2.75%
2014 -6.27% 6.38%
2013 -3.42% -1.3%
2012 -2.35% -1.74%
2011 -2.74% -6.02%
2010 -3.55% -1.22%
2009 -4.23% 6.85%
2008 -2.39% 2.14%
2007 -2.66% 5.39%
2006 -4.87% 1.34%
2005 -3.36% 4.23%
2004 -2.95% 4.23%
2003 -5.4% 2.37%
2002 -4.15% 2.59%
2001 -3.47% 2.23%
2000 -3.32% 1.35%
1999 -5.17% 1.55%
1998 -7.22% -
1997 -5.6% -
1996 -5.35% -
1995 - -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 -1.6% -
1985 -1.3% -
1984 -0.4% -
1983 0.1% -
1982 1.4% -
1981 1% -
1980 2.5% -
1979 0.4% -
1978 -0.1% -
1977 0.1% -
1976 0.1% -
1975 0% -
1974 0.6% -
1973 0.1% -
1972 -0.1% -
1971 -0.3% -
1970 -0.4% -
1969 -0.6% -
1968 -1.6% -
1967 -2.1% -
1966 -1.3% -
1965 -2% -
1964 -8.79% -
1963 -5.78% -
1962 -6.82% -
1961 -2.93% -
1960 -3.85% -
1959 -0.18% -
1958 -0.76% -
1957 -0.29% -
1956 -0.14% -
1955 -0.62% -
1954 -0.49% -
1953 -1.26% -
1952 0.64% -
1951 0.87% -
1950 -1.58% -
1949 -1.22% -
1948 0.002% -
1947 0.25% -
1946 -1.78% -
1945 -2.87% -
1944 -2.37% -
1943 -0.75% -
1942 -2.55% -
1941 -2.15% -
1940 -1.13% -
1939 -1.2% -
1938 -0.59% -
1937 -1.62% -
1936 -0.27% -
1935 -0.5% -
1934 -2.28% -
1933 -1.56% -
1932 -6.47% -
1931 -1.56% -
1930 -3.58% -
1929 -0.09% -
1928 0.57% -
1927 0.12% -
1926 -0.76% -
1925 -0.07% -
1924 -0.45% -
1923 -1.94% -
1922 -3.8% -
1921 -2.98% -
1920 -3.11% -
1919 -3.69% -
1918 -4.51% -
1917 -4.8% -
1916 -4.35% -
1915 -6.33% -
1914 -7.32% -
1913 -1.91% -
1912 -3.05% -
1911 -2.15% -
1910 -2.06% -
1909 -1.62% -
1908 -1.89% -
1907 0.38% -
1906 0.28% -
1905 0.96% -
1904 -0.62% -
1903 1.79% -
1902 1.59% -
1901 -2.46% -
1900 -5.57% -
1899 -2.13% -
1898 -14% -
1897 -2.38% -
1896 -0.79% -
1895 -1.33% -
1894 -4.11% -
1893 -1.77% -
1892 -2.6% -
1891 0.51% -
1890 -3.02% -
1889 -3.79% -
1888 0.63% -
1887 -0.76% -
1886 -3.8% -
1885 -5.71% -
1884 -3.89% -
1883 -3.33% -
1882 -1.58% -
1881 -1.9% -
1880 -4.84% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, retrieved 2026-02-20).

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

In 2023, Brazil's government deficit, the difference between spending and revenue, was $169B, equivalent to 7.71% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Brazil recorded a fiscal deficit in 25 of those years, while Tonga ran a deficit in 7 years. On average, Brazil posted an annual deficit equal to 4.93% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Brazil

Tonga
1x
Year Consumer prices inflation
Brazil Tonga
2024 4.4% 3.18%
2023 4.6% 6.35%
2022 9.3% 11%
2021 8.3% 5.64%
2020 3.2% -0.35%
2019 3.7% 1.18%
2018 3.7% 5.03%
2017 3.4% 7.52%
2016 8.7% 2.58%
2015 9% -1.05%
2014 6.3% 2.51%
2013 6.2% 0.78%
2012 5.4% 1.15%
2011 6.6% 6.27%
2010 5% 3.53%
2009 4.9% 1.43%
2008 5.7% 10.4%
2007 3.6% 5.84%
2006 4.2% 6.15%
2005 6.9% 8.67%
2004 6.6% 11%
2003 14.7% 11.6%
2002 8.4% 10.4%
2001 6.8% 8.29%
2000 7% 6.33%
1999 4.9% 4.46%
1998 3.2% 3.27%
1997 6.9% 2.12%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 5.19% in Tonga. In 2024, inflation was 4.4% in Brazil and 3.18% in Tonga.

Top exports between countries

Brazil
Export category Export value
Animal & marine products $4.48M
Processed food, beverages & tobacco $571K
Textiles & consumer goods $132K
Metals $29K
Chemicals & pharma $9K
Machinery & equipment $9K
Raw agricultural goods $8K
Miscellaneous $1K
Tonga
Export category Export value
Animal & marine products $2K

Balance of trade

Brazil Tonga
Current account balance
-$66.2B
2024
-$43.5M
2024
Current account balance ranking
188/190
2024
83/190
2024
Current account balance, % of GDP
-3.03%
2024
-7.93%
2023
Goods imports
$274B
2024
$232M
2024
Goods exports
$340B
2024
$10.8M
2024
Service imports
$103B
2024
$161M
2024
Service exports
$48.1B
2024
$93.6M
2024
Imports of goods and services, % of GDP
17.6%
2024
64.9%
2023
Exports of goods and services, % of GDP
17.9%
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.

Brazil Tonga
Economic freedom 52.4 58.9
Economic freedom ranking 148/197 107/197
Property rights 49.2 71.1
Government integrity 37.2 45.1
Judicial effectiveness 55.6 64.9
Tax burden 70.6 85.6
Government spending 39.8 31
Fiscal health 28 97.3
Business freedom 65.7 59.2
Labor freedom 57 55.9
Monetary freedom 76 61
Trade freedom 69 75.4
Investment freedom 40 40
Financial freedom 40 20

Economic freedom comparison by year

Brazil
Tonga
1x
Year Economic freedom index
Brazil Tonga
2026 52.4 58.9
2025 55.1 58.5
2024 53.2 59.2
2023 53.5 60
2022 53.3 60.8
2021 53.4 57.5
2020 53.7 58.8
2019 51.9 57.7
2018 51.4 63.1
2017 52.9 63
2016 56.5 59.6
2015 56.6 59.3
2014 56.9 58.2
2013 57.7 56
2012 57.9 57
2011 56.3 55.8
2010 55.6 53.4
2009 56.7 54.1
2008 56.2 -
2007 56.2 -
2006 60.9 -
2005 61.7 -
2004 62 -
2003 63.4 -
2002 61.5 -
2001 61.9 -
2000 61.1 -
1999 61.3 -
1998 52.3 -
1997 52.6 -
1996 48.1 -
1995 51.4 -

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, 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

Brazil Tonga
Services, % of GDP
59.2%
2024
50%
2023
Industry, % of GDP
20.9%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
19%
2023
GNI, Atlas method
$2.11T
2024
$619M
2023
GNI per capita, PPP
$21,590
2024
$8,400
2023
Total reserves including gold
$330B
2024
$377M
2024
Total reserves ranking
11/177
2024
163/177
2024
Net foreign direct investment
-$47.8B
2024
$13.3M
2024
Net inflows of foreign direct investment
$74.1B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$26.3B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
2.76%
2023
Poverty at national poverty lines
4.2%
2020
20.6%
2021
Gross capital formation, % of GDP
17%
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/brazil/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) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1999–2024, 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 (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.