The Marshall Islands vs Tonga: Economic Indicators Comparison

Tonga with a GDP of $450.4M ranked the 190th largest economy in the world, while the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, Tonga and the Marshall Islands ranked 113th vs 123rd, respectively.

Gross Domestic Product & Income

StatMarshall IslandsTonga
GDP$221.3M$450.4M
GDP growth, 1 year3.62%1.8%
GDP growth, 5-years averageN/A3%
Population53k108k
GDP per capita$3.8k$4.4k
GDP per capita growth2.99%-0.87%
Purchasing Power Parity conversion factor0.951.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.950.68
GDP per capita, PPP adjusted$4k$6.1k
GNI, Atlas method$283.7M$443.3M
GNI per capita$4.9k$4.3k
GNI, PPP adjusted$297.6M$672.5M
GNI per capita, PPP adjusted$5.1k$6.5k

Financial system and Human development

StatMarshall IslandsTonga
Income Tax RateN/A20%
Corporate Tax RateN/A25%
Inflation, consumer pricesN/A3.9%
Inflation, GDP deflator0.3%3.6%
Unemployment4.7%1%
Economic Freedom Index5858.8
Personal Freedom Index6.25.6
Human Freedom Index6.25.6
Property Rights IndexN/A60.9
Judical Effectiveness IndexN/A26.5
Business Freedom IndexN/A75
Fiscal Health IndexN/A95.2
Labor Freedom IndexN/A69.8
Investment Freedom IndexN/A40
Financial Freedom IndexN/A20
Trade Freedom IndexN/A74
Monetary Freedom IndexN/A71.4
Government Spending IndexN/A42.8
Tax Burden IndexN/A85.2
Government Integrity IndexN/A44.2
Corruption Perceptions Index6450
Life expectancy at birth, years65.270.7
Suicide mortality rate, per 100,000 people13.5
Mortality caused by road traffic injury, per 100,000 people5.716.8
Intentional homicides, per 100,000 people41
International tourism, number of arrivals6.8k54k

Government debt & reserves

StatMarshall IslandsTonga
Central government debt, % of GDP48.9%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 GNIN/A9.3%
Gross savings, % of GDP17.2%16.5%
Gross capital formation, % of GDP23.4%33.4%
Total reserves including goldN/A$227.2M
Foreign direct investment net inflows$9.8M$15M

Exports, imports and economic structure

StatMarshall IslandsTonga
Exports of goods and services, % of GDP40.4%22.3%
Imports of goods and services, % of GDP85.3%75.9%
Current account balance (balance of payments)$53M-$28.6M
Revenue excluding grants, % of GDP32.2%25.6%
Grants excluding technical cooperation, BoP$50.6M$64.2M
Personal remittances received$31.5M$183.3M
Industry including construction value added, % of GDP12.8%17.3%
Agriculture, forestry and fishing value added, % of GDP15.2%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 GDP57.9%31.4%
Government Expenditure, % of GDPN/A43.7%

Compare with countries close by GDP per capita

Marshall Islands vs

CountryGDP
per capita
Population
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
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
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

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
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
Bhutan
$3.2k
808k