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Economy of Kiribati vs Tonga compared: GDP & Debt

Updated on by Georank team

Kiribati has a GDP of $308M compared to $509M for Tonga, ranking 192/197 and 191/197 by economy size, respectively.

Kiribati has $30.5M in government debt (8.77% of GDP), compared to $224M (44.1% of GDP) in Tonga.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Kiribati
GDP, current $

GDP, constant 2015 $
Tonga
GDP, current $

GDP, constant 2015 $
Year GDP
Kiribati Tonga
Current $ Constant $ Current $ Constant $
1970 $11,560,877 $84,746,575 - -
1971 $12,356,134 $82,805,827 - -
1972 $15,314,346 $92,808,131 - -
1973 $25,645,040 $112,214,203 - -
1974 $69,256,489 $163,050,326 - -
1975 $44,547,454 $171,764,420 $32,506,742 -
1976 $33,246,817 $125,786,121 $30,036,417 -
1977 $31,335,459 $119,984,073 $34,139,388 -
1978 $36,563,965 $121,255,417 $41,567,472 -
1979 $34,466,197 $107,207,984 $44,667,002 -
1980 $33,157,723 $106,050,818 $53,260,077 -
1981 $35,267,489 $112,543,455 $62,242,013 $253,486,823
1982 $32,742,713 $111,316,560 $62,068,161 $265,505,306
1983 $31,000,546 $100,432,092 $60,863,964 $270,768,691
1984 $34,394,167 $114,410,720 $64,248,355 $275,475,712
1985 $26,126,615 $99,262,600 $60,058,663 $293,542,686
1986 $25,993,009 $96,815,059 $68,195,856 $299,761,860
1987 $29,554,413 $98,066,620 $81,667,133 $308,711,663
1988 $38,278,810 $119,685,813 $106,657,267 $302,902,105
1989 $37,645,319 $110,957,795 $106,344,855 $304,083,141
1990 $36,534,295 $103,872,769 $113,563,822 $297,867,403
1991 $41,247,792 $98,005,325 $132,201,141 $316,975,459
1992 $61,491,369 $121,486,649 $137,066,291 $317,774,152
1993 $58,953,596 $121,360,309 $138,489,884 $329,652,735
1994 $67,055,334 $123,842,439 $195,990,986 $345,978,857
1995 $68,596,395 $127,250,841 $208,871,666 $367,526,974
1996 $81,456,854 $127,184,611 $222,100,576 $367,868,474
1997 $80,205,807 $128,681,743 $214,991,452 $365,659,284
1998 $74,905,706 $134,398,139 $191,504,893 $374,042,303
1999 $77,323,978 $129,137,484 $199,208,718 $382,654,487
2000 $74,910,527 $137,844,792 $204,848,488 $397,019,710
2001 $64,935,850 $133,510,774 $181,117,230 $402,945,154
2002 $74,743,869 $135,442,881 $182,764,281 $420,792,496
2003 $96,105,619 $133,309,024 $202,246,591 $421,010,490
2004 $104,085,892 $132,497,215 $230,678,011 $412,725,225
2005 $113,895,437 $134,209,649 $261,823,805 $410,010,934
2006 $112,338,353 $141,962,853 $292,232,703 $401,131,477
2007 $138,054,946 $146,299,931 $298,519,623 $391,246,363
2008 $147,017,895 $141,933,271 $344,438,844 $410,272,053
2009 $140,177,384 $142,695,171 $312,415,028 $389,228,468
2010 $165,458,433 $144,444,545 $366,887,375 $392,437,256
2011 $195,970,140 $149,158,821 $414,143,828 $418,745,062
2012 $207,001,546 $157,815,491 $471,122,971 $422,596,516
2013 $201,730,861 $170,016,084 $451,788,498 $424,261,219
2014 $200,287,282 $172,164,514 $440,997,735 $432,706,298
2015 $191,559,399 $191,559,399 $437,525,539 $437,525,539
2016 $206,467,819 $205,137,195 $420,828,255 $466,396,531
2017 $222,875,736 $212,828,030 $459,976,847 $481,332,040
2018 $233,514,717 $220,233,253 $489,714,530 $484,641,421
2019 $216,985,388 $227,422,300 $494,197,854 $483,631,267
2020 $220,897,999 $224,083,588 $496,856,304 $492,256,327
2021 $285,259,894 $243,085,289 $518,228,029 $494,041,269
2022 $270,040,457 $254,185,355 $518,180,029 $482,629,586
2023 $288,610,732 $260,926,379 $508,735,107 $492,688,338
2024 $307,862,547 $274,669,108 - -

Economic indicators

Kiribati Tonga
Gross domestic product
$308M
2024
$509M
2023
GDP rank
192/197
2024
191/197
2023
GDP growth
6.67%
2023-2024
-1.82%
2022-2023
GDP per capita
$2,289
2024
$4,864
2023
GDP per capita rank
151/197
2024
121/197
2023
GDP per capita, PPP
$3,702
2024
$7,853
2023
Government debt
$30.5M
2024
$224M
2023
Debt-to-GDP ratio
8.77%
2025
44.1%
2025
Government debt per person
$226.9
2024
$2,138
2023
Government debt per person rank
181/185
2024
117/185
2023
Average annual personal income after taxes
$2,170
2025
$4,126
2025
Income share by richest 10%
22.8%
2019
22%
2021
Income share by poorest 10%
4%
2019
4%
2021
Government expenditure, % of GDP
126.6%
2025
49.7%
2025
Consumer prices inflation
7.8%
2024-2025
3.18%
2023-2024
Unemployment rate
2.79%
2023
1.65%
2023
Population
138067
103744

GDP per capita in Kiribati vs Tonga

Kiribati's GDP per capita is $2,289, ranking 151/197, compared to $4,864 in Tonga, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), Kiribati ranks 169th at $3,702, while Tonga ranks 141st at $7,853.

Kiribati
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
Year Current $
Kiribati Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1970 $201 - - -
1971 $210.7 - - -
1972 $256.2 - - -
1973 $422 - - -
1974 $1,131 - - -
1975 $730 - $349 -
1976 $548 - $315 -
1977 $520 - $353 -
1978 $611 - $428 -
1979 $573 - $458 -
1980 $542 - $545 -
1981 $568 - $636 -
1982 $519 - $633 -
1983 $483 - $621 -
1984 $527 - $656 -
1985 $393 - $613 -
1986 $382 - $696 -
1987 $424 - $830 -
1988 $536 - $1,078 -
1989 $515 - $1,070 -
1990 $488 $1,192 $1,139 $2,416
1991 $540 $1,139 $1,323 $2,652
1992 $792 $1,421 $1,370 $2,716
1993 $748 $1,431 $1,383 $2,882
1994 $838 $1,469 $1,957 $3,088
1995 $844 $1,518 $2,084 $3,347
1996 $986 $1,519 $2,215 $3,410
1997 $953 $1,535 $2,136 $3,434
1998 $874 $1,593 $1,889 $3,527
1999 $887 $1,526 $1,952 $3,636
2000 $845 $1,638 $1,995 $3,834
2001 $719 $1,591 $1,754 $3,955
2002 $810 $1,605 $1,759 $4,171
2003 $1,021 $1,578 $1,936 $4,231
2004 $1,083 $1,579 $2,195 $4,235
2005 $1,162 $1,617 $2,478 $4,315
2006 $1,123 $1,728 $2,750 $4,327
2007 $1,353 $1,792 $2,797 $4,316
2008 $1,411 $1,735 $3,218 $4,600
2009 $1,317 $1,718 $2,914 $4,384
2010 $1,522 $1,724 $3,416 $4,465
2011 $1,771 $1,786 $3,850 $4,855
2012 $1,844 $1,896 $4,384 $4,996
2013 $1,772 $2,049 $4,219 $5,120
2014 $1,737 $2,084 $4,137 $5,336
2015 $1,640 $2,311 $4,124 $5,472
2016 $1,743 $2,463 $3,988 $5,920
2017 $1,853 $2,562 $4,366 $6,229
2018 $1,913 $2,672 $4,639 $6,403
2019 $1,751 $2,763 $4,677 $6,489
2020 $1,752 $2,711 $4,700 $6,690
2021 $2,222 $3,020 $4,913 $7,035
2022 $2,070 $3,329 $4,933 $7,394
2023 $2,178 $3,486 $4,864 $7,853
2024 $2,289 $3,702 - -

Spending and national debt comparison

In 2024, Kiribati's government spending was $302M, accounting for 126.6% of its GDP, while Tonga's spent $245M, or 49.7% of GDP.

Debt-to-GDP ratio is 8.77% in Kiribati and 44.1% in Tonga, ranking 180/185 and 120/185, respectively.

Kiribati
Government spending

Government debt
Tonga
Government spending

Government debt
Year % of GDP
Kiribati Tonga
Government spending Government debt Government spending Government debt
1990 105.5% 7.72% - -
1991 82.1% 8.43% - -
1992 65.9% 7.31% - -
1993 55.3% 10.9% - -
1994 54.6% 12.3% - -
1995 69.6% 12.3% - -
1996 68.4% 11% - -
1997 70.9% 10.7% - -
1998 74.7% 9.81% - -
1999 77.6% 11.8% 18.8% 38.4%
2000 66% 12.7% 20% 43.6%
2001 101.3% 17% 19.1% 53.4%
2002 96.9% 13.3% 21.3% 60.7%
2003 84.4% 12.3% 20% 56.2%
2004 103.8% 13.6% 19.3% 52.2%
2005 95.6% 12.1% 19.8% 43.3%
2006 82.1% 12.9% 25.6% 39.6%
2007 77.3% 11.1% 23.2% 37.8%
2008 79.4% 13.9% 24% 34%
2009 74.7% 10.3% 23.9% 39.7%
2010 75.7% 9.43% 28.4% 44.7%
2011 80.9% 8.8% 32.6% 51.9%
2012 83.9% 8.13% 32% 60%
2013 78% 8.86% 34.3% 48.9%
2014 101.2% 8.97% 31.5% 47.4%
2015 90.9% 18.8% 37.4% 51.1%
2016 99% 21.2% 37.2% 49.4%
2017 92.1% 20.2% 39.7% 44.7%
2018 108.8% 19% 39.6% 45.8%
2019 108.3% 19% 39.9% 42.8%
2020 102.2% 21% 37.9% 42.6%
2021 84% 17.3% 44.6% 43%
2022 87.5% 16.3% 44.4% 43.8%
2023 95.3% 11.4% 48.2% 43.9%
2024 98.1% 9.92% 49.6% 38.2%
2025 126.6% 8.77% 49.7% 44.1%

Government deficit by year

In 2023, Kiribati's government surplus, the difference between spending and revenue, was $370K, equivalent to 0.13% of GDP. This compares to Tonga's surplus of $31.2M, or 6.14% of GDP.

Over the past 25 years, Kiribati recorded a fiscal deficit in 15 of those years, while Tonga ran a deficit in 7 years. On average, Kiribati posted an annual surplus equal to +0.26% of GDP, compared to surplus of +1.95% of GDP for Tonga.

Deficit/surplus
Kiribati

Tonga
Year Deficit/surplus, % of GDP
Kiribati Tonga
1990 -4.62% -
1991 3.87% -
1992 0.79% -
1993 6.27% -
1994 0.74% -
1995 -5.14% -
1996 -20.2% -
1997 5.92% -
1998 14.6% -
1999 -1.81% 1.55%
2000 -0.03% 1.35%
2001 -10.9% 2.23%
2002 3.13% 2.59%
2003 -8.93% 2.37%
2004 -19.2% 4.23%
2005 -9.96% 4.23%
2006 -12.3% 1.34%
2007 -12.5% 5.39%
2008 -15.8% 2.14%
2009 -8.56% 6.85%
2010 -7.8% -1.22%
2011 -17.6% -6.02%
2012 -5.43% -1.74%
2013 11.8% -1.3%
2014 35% 6.38%
2015 42.5% -2.75%
2016 20.1% 1.47%
2017 34.1% 3.58%
2018 5.18% 2.92%
2019 10.8% 3.28%
2020 3.57% 5.25%
2021 -10.8% -0.87%
2022 -18.3% -0.69%
2023 0.13% 6.14%
2024 -22% 3.49%
2025 -15.1% -7.9%

Inflation comparison by year

Over the past 29 years, Kiribati has recorded an average annual inflation rate of 2.11%, compared with 5.11% in Tonga. In 2024, inflation was 7.8% in Kiribati and 3.18% in Tonga.

Inflation
Kiribati

Tonga
Year Inflation
Kiribati Tonga Kiribati Tonga
1996 -1.7% 3%
1997 2.6% 2.12%
1998 3.7% 3.27%
1999 1.8% 4.46%
2000 0.4% 6.33%
2001 6% 8.29%
2002 3.2% 10.4%
2003 1.6% 11.6%
2004 -0.7% 11%
2005 -0.4% 8.67%
2006 -1% 6.15%
2007 3.6% 5.84%
2008 13.7% 10.4%
2009 9.8% 1.43%
2010 -3.9% 3.53%
2011 1.5% 6.27%
2012 -3% 1.15%
2013 -1.5% 0.78%
2014 2.1% 2.51%
2015 0.6% -1.05%
2016 1.9% 2.58%
2017 0.4% 7.52%
2018 0.6% 5.03%
2019 -1.8% 1.18%
2020 2.6% -0.35%
2021 2.1% 5.64%
2022 5.3% 11%
2023 9.3% 6.35%
2024 2.5% 3.18%
2025 7.8% -

Top exports between countries

Kiribati
Export category Export value
Tonga
Export category Export value
Raw agricultural goods $2K

Balance of trade

Kiribati Tonga
Current account balance
-$59.5M
2024
-$21.2M
2024
Current account balance ranking
81/189
2024
76/189
2024
Current account balance, % of GDP
-19.3%
2024
-5.91%
2023
Goods imports
$227M
2024
$232M
2024
Goods exports
$8.49M
2024
$10.8M
2024
Service imports
$108M
2024
$161M
2024
Service exports
$7M
2024
$109M
2024
Imports of goods and services, % of GDP
94.9%
2024
75.4%
2023
Exports of goods and services, % of GDP
6.27%
2024
18.8%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Kiribati Tonga
Economic freedom 50.9 58.5
Economic freedom ranking 159/197 106/197
Property rights 68.5 67.9
Government integrity 48.9 45.8
Judicial effectiveness 59.9 65.7
Tax burden 72.9 84.9
Government spending 0 28.9
Fiscal health 19.7 96.3
Business freedom 62.8 59.5
Labor freedom 65.3 56.6
Monetary freedom 72.5 61
Trade freedom 80 75.4
Investment freedom 30 40
Financial freedom 30 20

Economic freedom by year comparison

The Economic Freedom Index for Kiribati is 50.9, ranking 159/197, compared to 58.5 for Tonga, ranking 106/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Kiribati
Tonga
Year Economic freedom index
Kiribati Tonga
2009 45.7 54.1
2010 43.7 53.4
2011 44.8 55.8
2012 46.9 57
2013 45.9 56
2014 46.3 58.2
2015 46.4 59.3
2016 46.2 59.6
2017 50.9 63
2018 50.8 63.1
2019 47.3 57.7
2020 45.2 58.8
2021 44.4 57.5
2022 59.2 60.8
2023 58.8 60
2024 51.3 59.2
2025 50.9 58.5

More economic indicators

Kiribati Tonga
Services, % of GDP
65.7%
2022
50.2%
2023
Industry, % of GDP
9.86%
2022
13.5%
2023
Agriculture, forestry, and fishing, % of GDP
27.8%
2022
17.5%
2023
GNI, Atlas method
$487M
2024
$578M
2023
GNI per capita, PPP
$5,990
2024
$8,560
2023
Total reserves including gold n/a
$377M
2024
Total reserves ranking n/a
163/177
2024
Net foreign direct investment
-$8.06M
2024
$13.3M
2024
Net inflows of foreign direct investment
$8.07M
2024
-$12.1M
2024
Net outflows of foreign direct investment
$16.4K
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
n/a
3.17%
2023
Poverty at national poverty lines
5.5%
2023
20.6%
2021
Gross capital formation, % of GDP
20.4%
2022
27%
2023

GDP per capita map

GDP per capita

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Economy vs Kiribati vs Tonga
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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.