Japan vs Tonga: Economic Indicators Comparison

Japan with a GDP of $5T ranked the 3rd largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Japan and Tonga ranked 152nd vs 89th and 28th vs 113th, respectively.

Gross Domestic Product & Income

StatJapanTonga
GDP$5T$450.4M
GDP growth, 1 year0.8%1.8%
GDP growth, 5-years average1%3%
Population126.8M108k
GDP per capita$39k$4.4k
GDP per capita growth0.99%-0.87%
Purchasing Power Parity conversion factor101.371.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.920.68
GDP per capita, PPP adjusted$44k$6.1k
GNI, Atlas method$5.2T$443.3M
GNI per capita$41k$4.3k
GNI, PPP adjusted$5.6T$672.5M
GNI per capita, PPP adjusted$44k$6.5k

Financial system and Human development

StatJapanTonga
Income Tax Rate40.8%20%
Corporate Tax Rate23.9%25%
Inflation, consumer prices1%3.9%
Inflation, GDP deflator-0.1%3.6%
Unemployment2.5%1%
Economic Freedom Index73.358.8
Personal Freedom Index8.835.6
Human Freedom Index8.315.6
Property Rights Index86.660.9
Judical Effectiveness Index71.426.5
Business Freedom Index81.475
Fiscal Health Index6295.2
Labor Freedom Index78.769.8
Investment Freedom Index7040
Financial Freedom Index6020
Trade Freedom Index8074
Monetary Freedom Index84.471.4
Government Spending Index55.842.8
Tax Burden Index68.385.2
Government Integrity Index80.544.2
Corruption Perceptions Index7350
Life expectancy at birth, years84.170.7
Suicide mortality rate, per 100,000 people18.53.5
Mortality caused by road traffic injury, per 100,000 people4.116.8
Intentional homicides, per 100,000 people0.21
International tourism, number of arrivals31.2M54k

Government debt & reserves

StatJapanTonga
Central government debt, % of GDP237.1%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 GNI7.3%9.3%
Gross savings, % of GDP28%16.5%
Gross capital formation, % of GDP24.4%33.4%
Total reserves including gold$1.3T$227.2M
Foreign direct investment net inflows$25.9B$15M

Exports, imports and economic structure

StatJapanTonga
Exports of goods and services, % of GDP18.4%22.3%
Imports of goods and services, % of GDP18.2%75.9%
Current account balance (balance of payments)$174.7B-$28.6M
Revenue excluding grants, % of GDP12.8%25.6%
Grants excluding technical cooperation, BoPN/A$64.2M
Personal remittances received$4.4B$183.3M
Industry including construction value added, % of GDP29.1%17.3%
Agriculture, forestry and fishing value added, % of GDP1.2%17.2%
Charges for the use of intellectual property, payments BoP$21.7B$183
Charges for the use of intellectual property, receipts BoP$45.5B$2.3k
Expense, % of GDP16.4%31.4%
Government Expenditure, % of GDP38.4%43.7%

Compare with countries close by GDP per capita

Japan vs

CountryGDP
per capita
Population
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
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
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
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

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