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Economy of Indonesia vs Tonga compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $591M for Tonga, ranking 16/197 and 191/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $256M (37% of GDP) in Tonga.

Indonesia vs Tonga GDP by year

Indonesia
Tonga
1x
Year GDP, current $
Indonesia Tonga
2024 $1,396,300,098,191 -
2023 $1,371,169,301,564 $591,139,749
2022 $1,319,101,183,380 $556,514,555
2021 $1,186,509,691,087 $519,306,353
2020 $1,059,054,842,698 $506,571,468
2019 $1,119,099,871,350 $506,031,239
2018 $1,042,271,532,989 $493,530,783
2017 $1,015,618,744,160 $459,976,850
2016 $931,877,364,038 $420,828,262
2015 $860,854,232,686 $437,525,514
2014 $890,814,755,534 $440,997,738
2013 $912,524,136,718 $451,788,498
2012 $917,869,913,333 $471,122,971
2011 $892,969,104,563 $414,143,828
2010 $755,094,157,622 $366,887,375
2009 $539,580,085,612 $312,415,028
2008 $510,228,634,992 $344,438,844
2007 $432,216,737,775 $298,519,623
2006 $364,570,515,618 $292,232,703
2005 $285,868,619,196 $261,823,805
2004 $256,836,875,295 $230,678,011
2003 $234,772,463,824 $202,246,591
2002 $195,660,611,165 $182,764,281
2001 $160,446,947,785 $181,117,230
2000 $165,021,012,078 $204,848,488
1999 $140,001,351,215 $199,208,718
1998 $95,445,547,873 $191,504,893
1997 $215,748,998,610 $214,991,452
1996 $227,369,679,375 $222,100,576
1995 $202,132,028,723 $208,871,666
1994 $176,892,143,932 $195,990,986
1993 $158,006,700,302 $138,489,884
1992 $128,026,966,580 $137,066,291
1991 $116,621,996,217 $132,201,141
1990 $106,140,727,334 $113,563,822
1989 $94,451,427,877 $106,344,855
1988 $84,300,174,486 $106,657,267
1987 $75,929,617,558 $81,667,133
1986 $79,954,072,545 $68,195,856
1985 $85,289,488,375 $60,058,663
1984 $84,853,700,028 $64,248,355
1983 $81,052,283,384 $60,863,964
1982 $90,158,449,295 $62,068,161
1981 $85,518,233,419 $62,242,013
1980 $72,482,337,397 $53,260,077
1979 $51,400,186,343 $44,667,002
1978 $51,455,719,076 $41,567,472
1977 $45,808,915,663 $34,139,388
1976 $37,269,156,627 $30,036,417
1975 $30,463,855,422 $32,506,742
1974 $25,802,409,639 -
1973 $16,273,253,012 -
1972 $10,997,590,361 -
1971 $9,333,536,370 -
1970 $9,150,684,932 -
1969 $8,337,423,313 -
1968 $7,076,465,300 -
1967 $5,667,756,628 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Indonesia vs Tonga by year

Indonesia
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 - -
2023 $4,876 $15,416 $5,652 $7,803
2022 $4,731 $14,285 $5,298 $7,296
2021 $4,287 $12,757 $4,923 $6,929
2020 $3,854 $11,729 $4,792 $6,676
2019 $4,107 $11,986 $4,789 $6,473
2018 $3,861 $11,372 $4,675 $6,393
2017 $3,799 $10,688 $4,366 $6,229
2016 $3,521 $10,263 $3,988 $5,920
2015 $3,288 $10,028 $4,124 $5,472
2014 $3,441 $10,065 $4,137 $5,336
2013 $3,567 $9,866 $4,219 $5,120
2012 $3,632 $9,530 $4,384 $4,996
2011 $3,579 $8,937 $3,850 $4,855
2010 $3,066 $8,353 $3,416 $4,465
2009 $2,218 $7,868 $2,914 $4,384
2008 $2,125 $7,569 $3,218 $4,600
2007 $1,823 $7,096 $2,797 $4,316
2006 $1,558 $6,583 $2,750 $4,327
2005 $1,238 $6,134 $2,478 $4,315
2004 $1,127 $5,700 $2,195 $4,235
2003 $1,043 $5,353 $1,936 $4,231
2002 $881 $5,076 $1,759 $4,171
2001 $732 $4,849 $1,754 $3,955
2000 $764 $4,639 $1,995 $3,834
1999 $657 $4,386 $1,952 $3,636
1998 $455 $4,356 $1,889 $3,527
1997 $1,045 $5,037 $2,136 $3,434
1996 $1,119 $4,807 $2,215 $3,410
1995 $1,011 $4,451 $2,084 $3,347
1994 $900 $4,096 $1,957 $3,088
1993 $817 $3,793 $1,383 $2,882
1992 $674 $3,538 $1,370 $2,716
1991 $624 $3,305 $1,323 $2,652
1990 $578 $3,044 $1,139 $2,416
1989 $524 - $1,070 -
1988 $477 - $1,078 -
1987 $438 - $830 -
1986 $470 - $696 -
1985 $511 - $613 -
1984 $520 - $656 -
1983 $508 - $621 -
1982 $578 - $633 -
1981 $561 - $636 -
1980 $487 - $545 -
1979 $353 - $458 -
1978 $362 - $428 -
1977 $331 - $353 -
1976 $275.7 - $315 -
1975 $231.1 - $349 -
1974 $200.7 - - -
1973 $129.9 - - -
1972 $90.1 - - -
1971 $78.5 - - -
1970 $79.1 - - -
1969 $74.1 - - -
1968 $64.7 - - -
1967 $53.2 - - -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Tonga ranks 144th at $7,803.

Economic indicators

Indonesia Tonga
Gross domestic product
$1.4T
2024
$591M
2023
GDP rank
16/197
2024
191/197
2023
GDP growth
5.03%
2023-2024
2.79%
2022-2023
GDP per capita
$4,925
2024
$5,652
2023
GDP per capita rank
121/197
2024
115/197
2023
GDP per capita, PPP
$16,448
2024
$7,803
2023
GDP per capita PPP rank
107/197
2024
144/197
2023
Government debt
$561B
2024
$256M
2023
Debt-to-GDP ratio
40.2%
2024
37%
2024
Government debt per person
$1,978
2024
$2,445
2023
Government debt per person rank
120/185
2024
111/185
2023
Average annual personal income after taxes
$3,371
2026
$3,886
2026
Market capitalization of domestic companies
$758B
2023
n/a
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
22%
2021
Income share by poorest 10%
3.5%
2024
4%
2021
Government expenditure, % of GDP
16.8%
2024
51.3%
2024
Consumer prices inflation
2.18%
2023-2024
3.18%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
1.65%
2023
Population
288551776
103309

Spending and national debt comparison by year

Indonesia
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Indonesia Tonga
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 51.3% 37%
2023 16.6% 39.6% 48.2% 43.3%
2022 17.3% 40.1% 44.4% 43.2%
2021 18.1% 41.1% 44.6% 43%
2020 18.4% 39.7% 37.9% 42.6%
2019 16.4% 30.6% 39.9% 42.8%
2018 16.6% 30.4% 39.6% 45.8%
2017 16.4% 29.4% 39.7% 44.7%
2016 16.9% 28% 37.2% 49.4%
2015 17.6% 27% 37.4% 51.1%
2014 18.4% 24.6% 31.5% 47.4%
2013 18.8% 24.9% 34.3% 48.9%
2012 18.8% 23% 32% 60%
2011 17.7% 23.1% 32.6% 51.9%
2010 16.9% 26.4% 28.4% 44.7%
2009 17% 26.5% 23.9% 39.7%
2008 19.4% 30.3% 24% 34%
2007 18.7% 38.1% 23.2% 37.8%
2006 18.4% 35.8% 25.6% 39.6%
2005 17.4% 42.6% 19.8% 43.3%
2004 17.8% 51.3% 19.3% 52.2%
2003 18.2% 55.6% 20% 56.2%
2002 16.9% 62.3% 21.3% 60.7%
2001 19.5% 73.7% 19.1% 53.4%
2000 15.3% 87.4% 20% 43.6%
1999 15.1% 95.9% 18.8% 38.4%
1998 15.1% 72.5% - -
1997 15.2% 26.4% - -
1996 11.5% 27.5% - -
1995 11.9% 32% - -
1994 13.5% 37% - -
1993 14.1% 40.4% - -
1992 16.8% 42.6% - -
1991 15% 39.2% - -
1990 15.8% 40.8% - -
1989 16.5% 42.5% - -
1988 17.3% 45.6% - -
1987 18% 49.7% - -
1986 20.9% 38.3% - -
1985 18.5% 28% - -
1984 16.1% 23.5% - -
1983 18.2% 23.1% - -
1982 18.8% 18.6% - -
1981 24.4% 16.4% - -
1980 22.1% 17.3% - -
1979 20.9% 22% - -
1978 20.1% 30.3% - -
1977 19.5% 27.7% - -
1976 21.8% 38.1% - -
1975 20.5% 36.7% - -
1974 17.3% 34.4% - -
1973 16.3% 43.1% - -
1972 15.7% 51.2% - -
1971 14.5% 50.5% - -
1970 13.8% 46.7% - -
1969 12.8% - - -
1968 8.82% - - -
1967 10.4% - - -
1966 9.18% - - -
1965 10.7% - - -
1964 9.55% - - -
1963 10.3% - - -
1962 7.89% - - -
1961 15.1% - - -
1960 14.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 37% in Tonga, ranking 132/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Tonga
1x
Year Deficit/surplus, % of GDP
Indonesia Tonga
2024 -2.3% 4.17%
2023 -1.64% 6.14%
2022 -2.31% -0.1%
2021 -4.4% -0.87%
2020 -6.07% 5.25%
2019 -2.09% 3.28%
2018 -1.69% 2.92%
2017 -2.26% 3.58%
2016 -2.56% 1.47%
2015 -2.72% -2.75%
2014 -1.8% 6.38%
2013 -1.96% -1.3%
2012 -1.59% -1.74%
2011 -0.7% -6.02%
2010 -1.24% -1.22%
2009 -1.64% 6.85%
2008 0.05% 2.14%
2007 -0.95% 5.39%
2006 0.45% 1.34%
2005 0.46% 4.23%
2004 -0.26% 4.23%
2003 -1.08% 2.37%
2002 -0.58% 2.59%
2001 -1.76% 2.23%
2000 -1.87% 1.35%
1999 -0.96% 1.55%
1998 -1.89% -
1997 -1.03% -
1996 0.96% -
1995 0.64% -
1994 0.005% -
1993 -0.59% -
1992 -2.95% -
1991 -0.87% -
1990 -0.55% -
1989 -1.72% -
1988 -2.68% -
1987 -0.9% -
1986 -2.94% -
1985 -0.45% -
1984 1.83% -
1983 -1% -
1982 -1.11% -
1981 -0.69% -
1980 -0.82% -
1979 -0.67% -
1978 -2.03% -
1977 -0.38% -
1976 -2.63% -
1975 -2.33% -
1974 -0.35% -
1973 -1.33% -
1972 -1.82% -
1971 -2.51% -
1970 -3.02% -
1969 -2.8% -
1968 0% -
1967 -0.35% -
1966 -5.06% -
1965 -6.62% -
1964 -5.58% -
1963 -5.24% -
1962 -3.1% -
1961 -4.57% -
1960 -1.65% -
1959 -4.06% -
1958 -6.67% -
1957 -2.92% -
1956 -1.38% -
1955 -1.6% -
1954 -3.16% -
1953 -2.33% -
1952 -3.66% -
1951 1.52% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

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

In 2023, Indonesia's government deficit, the difference between spending and revenue, was $22.5B, equivalent to 1.64% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Indonesia recorded a fiscal deficit in 22 of those years, while Tonga ran a deficit in 7 years. On average, Indonesia posted an annual deficit equal to 1.65% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Indonesia

Tonga
1x
Year Consumer prices inflation
Indonesia Tonga
2024 2.18% 3.18%
2023 3.67% 6.35%
2022 4.21% 11%
2021 1.56% 5.64%
2020 1.92% -0.35%
2019 3.03% 1.18%
2018 3.2% 5.03%
2017 3.81% 7.52%
2016 3.53% 2.58%
2015 6.36% -1.05%
2014 6.39% 2.51%
2013 6.41% 0.78%
2012 4.28% 1.15%
2011 5.36% 6.27%
2010 5.13% 3.53%
2009 4.39% 1.43%
2008 10.2% 10.4%
2007 6.41% 5.84%
2006 13.1% 6.15%
2005 10.5% 8.67%
2004 6.06% 11%
2003 6.76% 11.6%
2002 11.9% 10.4%
2001 11.5% 8.29%
2000 3.69% 6.33%
1999 20.5% 4.46%
1998 58.5% 3.27%
1997 6.23% 2.12%

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

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

Over the past 28 years, Indonesia has recorded an average annual inflation rate of 8.24%, compared with 5.19% in Tonga. In 2024, inflation was 2.18% in Indonesia and 3.18% in Tonga.

Top exports between countries

Indonesia
Export category Export value
Processed food, beverages & tobacco $3.52M
Metals $851K
Chemicals & pharma $839K
Machinery & equipment $481K
Animal & marine products $186K
Textiles & consumer goods $131K
Raw materials & minerals $100K
Wood & paper products $85K
Miscellaneous $11K
Weapons & explosives $10K
Tonga
Export category Export value
Machinery & equipment $43K

Balance of trade

Indonesia Tonga
Current account balance
-$8.72B
2024
-$43.5M
2024
Current account balance ranking
174/190
2024
83/190
2024
Current account balance, % of GDP
-0.62%
2024
-7.93%
2023
Goods imports
$223B
2024
$232M
2024
Goods exports
$263B
2024
$10.8M
2024
Service imports
$57.6B
2024
$161M
2024
Service exports
$39B
2024
$93.6M
2024
Imports of goods and services, % of GDP
20.4%
2024
64.9%
2023
Exports of goods and services, % of GDP
22.2%
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.

Indonesia Tonga
Economic freedom 65.1 58.9
Economic freedom ranking 67/197 107/197
Property rights 39.7 71.1
Government integrity 42 45.1
Judicial effectiveness 43.1 64.9
Tax burden 81.5 85.6
Government spending 91.4 31
Fiscal health 89.8 97.3
Business freedom 69.2 59.2
Labor freedom 56.8 55.9
Monetary freedom 79.4 61
Trade freedom 78.6 75.4
Investment freedom 50 40
Financial freedom 60 20

Economic freedom comparison by year

Indonesia
Tonga
1x
Year Economic freedom index
Indonesia Tonga
2026 65.1 58.9
2025 65.2 58.5
2024 63.5 59.2
2023 63.5 60
2022 64.4 60.8
2021 66.9 57.5
2020 67.2 58.8
2019 65.8 57.7
2018 64.2 63.1
2017 61.9 63
2016 59.4 59.6
2015 58.1 59.3
2014 58.5 58.2
2013 56.9 56
2012 56.4 57
2011 56 55.8
2010 55.5 53.4
2009 53.4 54.1
2008 53.2 -
2007 53.2 -
2006 51.9 -
2005 52.9 -
2004 52.1 -
2003 55.8 -
2002 54.8 -
2001 52.5 -
2000 55.2 -
1999 61.5 -
1998 63.4 -
1997 62 -
1996 61 -
1995 54.9 -

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

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

The Economic Freedom Index for Indonesia is 65.1, ranking 67/197, 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

Indonesia Tonga
Services, % of GDP
43.8%
2024
50%
2023
Industry, % of GDP
39.3%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
19%
2023
GNI, Atlas method
$1.39T
2024
$619M
2023
GNI per capita, PPP
$16,010
2024
$8,400
2023
Total reserves including gold
$156B
2024
$377M
2024
Total reserves ranking
20/177
2024
163/177
2024
Net foreign direct investment
-$15.9B
2024
$13.3M
2024
Net inflows of foreign direct investment
$24.2B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$8.39B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
2.76%
2023
Poverty at national poverty lines
9%
2024
20.6%
2021
Gross capital formation, % of GDP
31.4%
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/indonesia/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, 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 (1951–1999, 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)

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.