Libya vs Tonga: Economic Indicators Comparison

Libya with a GDP of $48.4B ranked the 86th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Libya and Tonga ranked 144th vs 89th and 91st vs 113th, respectively.

Gross Domestic Product & Income

StatLibyaTonga
GDP$48.4B$450.4M
GDP growth, 1 year17.9%1.8%
GDP growth, 5-years average1.7%3%
Population6.7M108k
GDP per capita$7.2k$4.4k
GDP per capita growth6.37%-0.87%
Purchasing Power Parity conversion factor0.481.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.68
GDP per capita, PPP adjusted$11k$6.1k
GNI, Atlas method$42.8B$443.3M
GNI per capita$6.4k$4.3k
GNI, PPP adjusted$142.5B$672.5M
GNI per capita, PPP adjusted$21k$6.5k

Financial system and Human development

StatLibyaTonga
Income Tax Rate10%20%
Corporate Tax RateN/A25%
Inflation, consumer prices23.1%3.9%
Inflation, GDP deflator15.8%3.6%
Unemployment17.3%1%
Economic Freedom Index4758.8
Personal Freedom Index5.175.6
Human Freedom Index4.985.6
Property Rights Index30.160.9
Judical Effectiveness Index20.826.5
Business Freedom Index40.775
Fiscal Health IndexN/A95.2
Labor Freedom Index53.969.8
Investment Freedom Index540
Financial Freedom IndexN/A20
Trade Freedom IndexN/A74
Monetary Freedom Index53.671.4
Government Spending Index042.8
Tax Burden IndexN/A85.2
Government Integrity Index18.944.2
Corruption Perceptions Index1750
Life expectancy at birth, years72.570.7
Suicide mortality rate, per 100,000 people5.23.5
Mortality caused by road traffic injury, per 100,000 people26.116.8
Intentional homicides, per 100,000 people2.51
International tourism, number of arrivals142k54k

Government debt & reserves

StatLibyaTonga
Central government debt, % of GDP4.9%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 GNI35%9.3%
Gross savings, % of GDP67.3%16.5%
Gross capital formation, % of GDP29.8%33.4%
Total reserves including gold$85.3B$227.2M
Foreign direct investment net inflows$0$15M

Exports, imports and economic structure

StatLibyaTonga
Exports of goods and services, % of GDP62.2%22.3%
Imports of goods and services, % of GDP40.1%75.9%
Current account balance (balance of payments)-$4.7B-$28.6M
Revenue excluding grants, % of GDPN/A25.6%
Grants excluding technical cooperation, BoP$268.9M$64.2M
Personal remittances received$16M$183.3M
Industry including construction value added, % of GDP77.5%17.3%
Agriculture, forestry and fishing value added, % of GDP1.8%17.2%
Charges for the use of intellectual property, payments BoPN/A$183
Charges for the use of intellectual property, receipts BoP$10M$2.3k
Expense, % of GDPN/A31.4%
Government Expenditure, % of GDP105.8%43.7%

Compare with countries close by GDP per capita

Libya vs

CountryGDP
per capita
Population
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
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

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