Laos vs Tonga: Economic Indicators Comparison

Laos with a GDP of $18B ranked the 118th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Laos and Tonga ranked 11th vs 89th and 140th vs 113th, respectively.

Gross Domestic Product & Income

StatLaosTonga
GDP$18B$450.4M
GDP growth, 1 year6.5%1.8%
GDP growth, 5-years average7%3%
Population6.9M108k
GDP per capita$2.5k$4.4k
GDP per capita growth4.62%-0.87%
Purchasing Power Parity conversion factor2901.21.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.68
GDP per capita, PPP adjusted$7.9k$6.1k
GNI, Atlas method$17.3B$443.3M
GNI per capita$2.5k$4.3k
GNI, PPP adjusted$50.1B$672.5M
GNI per capita, PPP adjusted$7.1k$6.5k

Financial system and Human development

StatLaosTonga
Income Tax Rate24%20%
Corporate Tax Rate24%25%
Inflation, consumer prices2%3.9%
Inflation, GDP deflator1.9%3.6%
Unemployment0.6%1%
Economic Freedom Index55.558.8
Personal Freedom Index5.85.6
Human Freedom Index6.25.6
Property Rights Index42.560.9
Judical Effectiveness Index37.326.5
Business Freedom Index54.375
Fiscal Health Index53.395.2
Labor Freedom Index58.669.8
Investment Freedom Index3540
Financial Freedom Index2020
Trade Freedom Index8274
Monetary Freedom Index76.871.4
Government Spending Index86.642.8
Tax Burden Index8785.2
Government Integrity Index3244.2
Corruption Perceptions Index2950
Life expectancy at birth, years67.370.7
Suicide mortality rate, per 100,000 people8.63.5
Mortality caused by road traffic injury, per 100,000 people16.616.8
Intentional homicides, per 100,000 people71
International tourism, number of arrivals3.8M54k

Government debt & reserves

StatLaosTonga
Central government debt, % of GDP63%49.2%
External debt stocks, % of GNI90.2%41.3%
External debt stocks$15.6B$188.7M
Short-term debt, % of total reserves41.2%0%
Total debt service, % of exports and primary income14.6%7.2%
Adjusted net savings including particulate emission damage, % of GNI-1.2%9.3%
Gross savings, % of GDP17.6%16.5%
Gross capital formation, % of GDP29%33.4%
Total reserves including gold$980.4M$227.2M
Foreign direct investment net inflows$1.3B$15M

Exports, imports and economic structure

StatLaosTonga
Exports of goods and services, % of GDP33.2%22.3%
Imports of goods and services, % of GDP41.9%75.9%
Current account balance (balance of payments)-$1.4B-$28.6M
Revenue excluding grants, % of GDPN/A25.6%
Grants excluding technical cooperation, BoP$337.3M$64.2M
Personal remittances received$238.7M$183.3M
Industry including construction value added, % of GDP31.5%17.3%
Agriculture, forestry and fishing value added, % of GDP15.7%17.2%
Charges for the use of intellectual property, payments BoPN/A$183
Charges for the use of intellectual property, receipts BoPN/A$2.3k
Expense, % of GDPN/A31.4%
Government Expenditure, % of GDP21.1%43.7%

Compare with countries close by GDP per capita

Laos vs

CountryGDP
per capita
Population
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M

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