Eritrea vs Tonga: Economic Indicators Comparison

Eritrea with a GDP of $2.6B ranked the 170th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Eritrea and Tonga ranked 79th vs 89th and 178th vs 113th, respectively.

Gross Domestic Product & Income

StatEritreaTonga
GDP$2.6B$450.4M
GDP growth, 1 year4.2%1.8%
GDP growth, 5-years average3.3%3%
Population3.5M108k
GDP per capita$811$4.4k
GDP per capita growth7.21%-0.87%
Purchasing Power Parity conversion factor5.931.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.68
GDP per capita, PPP adjusted$1.7k$6.1k
GNI, Atlas method$2.3B$443.3M
GNI per capita$720$4.3k
GNI, PPP adjusted$6.7B$672.5M
GNI per capita, PPP adjusted$2.1k$6.5k

Financial system and Human development

StatEritreaTonga
Income Tax Rate30%20%
Corporate Tax Rate30%25%
Inflation, consumer prices9%3.9%
Inflation, GDP deflator13.3%3.6%
Unemployment6.5%1%
Economic Freedom Index38.558.8
Personal Freedom Index4.85.6
Human Freedom Index4.85.6
Property Rights Index32.560.9
Judical Effectiveness Index14.326.5
Business Freedom Index18.275
Fiscal Health Index095.2
Labor Freedom Index69.769.8
Investment Freedom Index040
Financial Freedom Index2020
Trade Freedom Index69.274
Monetary Freedom Index6171.4
Government Spending Index74.742.8
Tax Burden Index81.485.2
Government Integrity Index21.444.2
Corruption Perceptions Index2450
Life expectancy at birth, years65.570.7
Suicide mortality rate, per 100,000 people7.93.5
Mortality caused by road traffic injury, per 100,000 people25.316.8
Intentional homicides, per 100,000 people81
International tourism, number of arrivals142k54k

Government debt & reserves

StatEritreaTonga
Central government debt, % of GDP129.4%49.2%
External debt stocks, % of GNI40.8%41.3%
External debt stocks$791.2M$188.7M
Short-term debt, % of total reserves16%0%
Total debt service, % of exports and primary income4.3%7.2%
Adjusted net savings including particulate emission damage, % of GNI0.5%9.3%
Gross savings, % of GDP15.8%16.5%
Gross capital formation, % of GDP10%33.4%
Total reserves including gold$114.8M$227.2M
Foreign direct investment net inflows$61M$15M

Exports, imports and economic structure

StatEritreaTonga
Exports of goods and services, % of GDP14.4%22.3%
Imports of goods and services, % of GDP23.2%75.9%
Current account balance (balance of payments)-$104.7M-$28.6M
Revenue excluding grants, % of GDPN/A25.6%
Grants excluding technical cooperation, BoP$82M$64.2M
Personal remittances received$3.3M$183.3M
Industry including construction value added, % of GDP21.8%17.3%
Agriculture, forestry and fishing value added, % of GDP14.1%17.2%
Charges for the use of intellectual property, payments BoP$281k$183
Charges for the use of intellectual property, receipts BoP$94k$2.3k
Expense, % of GDPN/A31.4%
Government Expenditure, % of GDP29.1%43.7%

Compare with countries close by GDP per capita

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M

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