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Economy of Mexico vs Tonga compared: GDP & Debt

Updated on by Georank

Mexico has a GDP of $1.83T compared to $679M for Tonga, ranking 14/197 and 191/197 by economy size, respectively.

Mexico has $1.13T in government debt (61.8% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Mexico vs Tonga GDP by year

Mexico
Tonga
1x
Year GDP, current $
Mexico Tonga
2025 $1,832,641,364,776 $679,218,219
2024 $1,830,489,311,089 $647,488,244
2023 $1,794,410,347,718 $591,139,734
2022 $1,466,934,724,243 $556,514,556
2021 $1,316,569,466,834 $519,306,339
2020 $1,121,064,767,169 $506,571,487
2019 $1,304,106,204,006 $506,031,248
2018 $1,256,300,182,984 $493,530,767
2017 $1,190,721,475,853 $459,976,847
2016 $1,112,233,497,453 $420,828,255
2015 $1,213,294,467,654 $437,525,539
2014 $1,364,507,717,689 $440,997,735
2013 $1,327,436,290,439 $451,788,498
2012 $1,255,110,424,742 $471,122,971
2011 $1,229,013,703,417 $414,143,828
2010 $1,105,424,238,652 $366,887,375
2009 $943,437,414,951 $312,415,028
2008 $1,161,553,459,985 $344,438,844
2007 $1,102,355,554,880 $298,519,623
2006 $1,020,265,057,882 $292,232,703
2005 $917,571,853,437 $261,823,805
2004 $819,459,227,375 $230,678,011
2003 $765,549,967,889 $202,246,591
2002 $810,666,116,402 $182,764,281
2001 $796,064,590,549 $181,117,230
2000 $742,061,329,749 $204,848,488
1999 $631,249,359,702 $199,208,718
1998 $557,461,102,631 $191,504,893
1997 $523,449,530,464 $214,991,452
1996 $432,157,945,024 $222,100,576
1995 $380,157,469,867 $208,871,666
1994 $553,618,247,901 $195,990,986
1993 $530,160,763,663 $138,489,884
1992 $363,157,832,924 $137,066,291
1991 $313,139,656,146 $132,201,141
1990 $261,253,675,693 $113,563,822
1989 $221,403,098,267 $106,344,855
1988 $181,611,150,497 $106,657,267
1987 $147,542,558,209 $81,667,133
1986 $134,556,034,673 $68,195,856
1985 $195,241,069,482 $60,058,663
1984 $184,230,754,105 $64,248,355
1983 $156,167,000,433 $60,863,964
1982 $184,602,611,610 $62,068,161
1981 $263,797,827,860 $62,242,013
1980 $205,577,055,466 $53,260,077
1979 $134,531,900,899 $44,667,002
1978 $102,648,570,299 $41,567,472
1977 $81,912,018,784 $34,139,388
1976 $88,875,923,765 $30,036,417
1975 $88,000,000,000 $32,506,742
1974 $72,000,000,000 -
1973 $55,280,000,000 -
1972 $45,200,000,000 -
1971 $39,200,000,000 -
1970 $35,520,000,000 -
1969 $32,480,000,000 -
1968 $29,360,000,000 -
1967 $26,560,000,000 -
1966 $24,320,000,000 -
1965 $21,840,000,000 -
1964 $20,080,000,000 -
1963 $16,960,000,000 -
1962 $15,200,000,000 -
1961 $14,160,000,000 -
1960 $13,040,000,000 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/tonga | CC BY

GDP per capita in Mexico vs Tonga by year

Mexico
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mexico Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $13,889 - $6,547 -
2024 $13,988 $26,185 $6,215 -
2023 $13,831 $25,243 $5,652 $7,803
2022 $11,406 $23,135 $5,298 $7,296
2021 $10,314 $20,783 $4,923 $6,929
2020 $8,841 $19,354 $4,792 $6,676
2019 $10,370 $20,964 $4,789 $6,473
2018 $10,085 $20,921 $4,675 $6,393
2017 $9,649 $20,489 $4,366 $6,229
2016 $9,098 $20,105 $3,988 $5,920
2015 $10,021 $19,071 $4,124 $5,472
2014 $11,391 $18,821 $4,137 $5,336
2013 $11,217 $18,170 $4,219 $5,120
2012 $10,744 $18,005 $4,384 $4,996
2011 $10,664 $17,267 $3,850 $4,855
2010 $9,729 $15,909 $3,416 $4,465
2009 $8,424 $15,191 $2,914 $4,384
2008 $10,524 $15,681 $3,218 $4,600
2007 $10,134 $15,032 $2,797 $4,316
2006 $9,513 $14,540 $2,750 $4,327
2005 $8,672 $13,260 $2,478 $4,315
2004 $7,850 $12,658 $2,195 $4,235
2003 $7,434 $12,066 $1,936 $4,231
2002 $7,983 $11,762 $1,759 $4,171
2001 $7,953 $11,739 $1,754 $3,955
2000 $7,524 $11,705 $1,995 $3,834
1999 $6,500 $11,031 $1,952 $3,636
1998 $5,833 $10,756 $1,889 $3,527
1997 $5,567 $10,182 $2,136 $3,434
1996 $4,674 $9,496 $2,215 $3,410
1995 $4,184 $8,933 $2,084 $3,347
1994 $6,202 $9,466 $1,957 $3,088
1993 $6,048 $9,041 $1,383 $2,882
1992 $4,221 $9,470 $1,370 $2,716
1991 $3,709 $9,079 $1,323 $2,652
1990 $3,154 $8,578 $1,139 $2,416
1989 $2,725 - $1,070 -
1988 $2,279 - $1,078 -
1987 $1,888 - $830 -
1986 $1,757 - $696 -
1985 $2,602 - $613 -
1984 $2,506 - $656 -
1983 $2,170 - $621 -
1982 $2,621 - $633 -
1981 $3,829 - $636 -
1980 $3,055 - $545 -
1979 $2,049 - $458 -
1978 $1,604 - $428 -
1977 $1,315 - $353 -
1976 $1,465 - $315 -
1975 $1,492 - $349 -
1974 $1,256 - - -
1973 $993 - - -
1972 $837 - - -
1971 $748 - - -
1970 $699 - - -
1969 $660 - - -
1968 $616 - - -
1967 $576 - - -
1966 $545 - - -
1965 $506 - - -
1964 $481 - - -
1963 $420 - - -
1962 $388 - - -
1961 $374 - - -
1960 $355 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/tonga | CC BY

Mexico's GDP per capita is $13,889, ranking 76/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Mexico ranks 80th at $26,185, while Tonga ranks 144th at $7,803.

Economic indicators

Mexico Tonga
Gross domestic product
$1.83T
2025
$679M
2025
GDP rank
14/197
2025
191/197
2025
GDP growth
0.56%
2024-2025
2.8%
2024-2025
GDP per capita
$13,889
2025
$6,547
2025
GDP per capita rank
76/197
2025
110/197
2025
GDP per capita, PPP
$26,185
2024
$7,803
2023
GDP per capita PPP rank
80/197
2024
144/197
2023
Government debt
$1.13T
2025
$186M
2025
Debt-to-GDP ratio
61.8%
2025
27.4%
2025
Government debt per person
$8,577
2025
$1,793
2025
Government debt per person rank
66/185
2025
123/185
2025
Average annual personal income after taxes
$10,482
2026
$4,104
2026
Market capitalization of domestic companies
$560B
2025
n/a
Number of millionaires
333,000
2026
n/a
Number of billionaires
22
2026
n/a
Income share by richest 10%
33.4%
2024
22%
2021
Income share by poorest 10%
2.1%
2024
4%
2021
Government expenditure, % of GDP
29.8%
2025
46.8%
2025
Consumer prices inflation
3.81%
2024-2025
5.59%
2024-2025
Central bank interest rate
6.5%
2026
n/a
Unemployment rate
2.54%
2025
1.65%
2023
Population
133551566
103283

Spending and national debt comparison by year

Mexico
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Mexico Tonga
Government spending Government debt Government spending Government debt
2025 29.8% 61.8% 46.8% 27.4%
2024 30.8% 59.1% 44.3% 31.9%
2023 28.6% 52.8% 41.5% 37.2%
2022 28.5% 53.8% 41.3% 40.2%
2021 26.7% 56.7% 44.5% 43%
2020 27.8% 58.5% 37.1% 41.7%
2019 25.3% 51.9% 39% 41.8%
2018 25% 52.2% 39.3% 45.5%
2017 25% 52.5% 39.7% 44.7%
2016 26.5% 55% 37.2% 49.4%
2015 26.6% 51% 37.4% 51.1%
2014 26.9% 47.1% 31.5% 47.4%
2013 26.7% 44.1% 34.3% 48.9%
2012 27% 40.8% 32% 60%
2011 26.6% 41.2% 32.6% 51.9%
2010 26.5% 40.2% 28.4% 44.7%
2009 26.5% 41.7% 23.9% 39.7%
2008 26.5% 40.6% 24% 34%
2007 22.5% 35.5% 23.2% 37.8%
2006 21.6% 35.8% 25.6% 39.6%
2005 21.2% 36.8% 19.8% 43.3%
2004 20.5% 38.9% 19.3% 52.2%
2003 21.5% 42.1% 20% 56.2%
2002 19.8% 39.9% 21.3% 60.7%
2001 19.5% 37.3% 19.1% 53.4%
2000 19.4% 38.5% 20% 43.6%
1999 20.1% 41.7% 18.8% 38.4%
1998 19.5% 39.7% - -
1997 20.7% 39.1% - -
1996 20.8% 42.5% - -
1995 18.9% 30.7% - -
1994 18.9% 26.8% - -
1993 18.2% 19.2% - -
1992 19% 21.5% - -
1991 20.1% 29.2% - -
1990 22.9% 35.7% - -
1989 19.2% 36% - -
1988 23.6% 36.5% - -
1987 26.7% 52.7% - -
1986 25.1% 47.8% - -
1985 21.4% 30.4% - -
1984 19.8% 25.2% - -
1983 21.6% 25.3% - -
1982 24.7% 29.8% - -
1981 20.1% 41.7% - -
1980 17.5% 31.4% - -
1979 16.5% 35.8% - -
1978 15.7% 39% - -
1977 15.5% 41.5% - -
1976 15.5% 31.3% - -
1975 14.7% 24.4% - -
1974 13.8% 21.7% - -
1973 12.7% 20% - -
1972 11.9% 17.9% - -
1971 10.6% 17% - -
1970 10.9% 17.1% - -
1969 11.8% 10.7% - -
1968 10.9% 7.85% - -
1967 10.4% 8.22% - -
1966 11.6% 5.14% - -
1965 10.7% 9.99% - -
1964 9.21% 6.22% - -
1963 8.51% 4.13% - -
1962 8.26% 4.2% - -
1961 8.01% 4.38% - -
1960 9.5% 4.58% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

GeoRank.org/economy/mexico/tonga | CC BY

In 2025, Mexico's government spending was $547B, accounting for 29.8% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 61.8% in Mexico and 27.4% in Tonga, ranking 73/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Mexico

Tonga
1x
Year Deficit/surplus, % of GDP
Mexico Tonga
2025 -4.86% 4.86%
2024 -5.78% 3.6%
2023 -4.3% 5.28%
2022 -4.32% -0.09%
2021 -3.75% -0.87%
2020 -4.29% 5.15%
2019 -2.27% 3.2%
2018 -2.14% 2.9%
2017 -1.03% 3.58%
2016 -2.68% 1.47%
2015 -3.86% -2.75%
2014 -4.37% 6.38%
2013 -3.56% -1.3%
2012 -3.57% -1.74%
2011 -3.2% -6.02%
2010 -3.8% -1.22%
2009 -3.94% 6.85%
2008 -0.68% 2.14%
2007 -1.46% 5.39%
2006 -1.23% 1.34%
2005 -1.43% 4.23%
2004 -1.35% 4.23%
2003 -2.24% 2.37%
2002 -2.18% 2.59%
2001 -2.57% 2.23%
2000 -2.69% 1.35%
1999 -4.49% 1.55%
1998 -4.49% -
1997 -3.48% -
1996 -3.66% -
1995 -2.28% -
1994 -2.25% -
1993 -1.51% -
1992 2.26% -
1991 1.49% -
1990 -3.11% -
1989 -4.75% -
1988 -8.76% -
1987 -11.6% -
1986 -11.2% -
1985 -7.2% -
1984 -5.79% -
1983 -6.03% -
1982 -11.4% -
1981 -4.9% -
1980 -1.75% -
1979 -2.15% -
1978 -1.88% -
1977 -2.43% -
1976 -3.14% -
1975 -2.64% -
1974 -3.33% -
1973 -2.75% -
1972 -2.3% -
1971 -1.43% -
1970 -1.71% -
1969 -2.74% -
1968 -2.06% -
1967 -2.12% -
1966 -3.2% -
1965 -2.51% -
1964 -1.44% -
1963 -0.92% -
1962 -0.79% -
1961 -0.88% -
1960 -1.36% -
1959 -0.73% -
1958 0.24% -
1957 -0.03% -
1956 0.52% -
1955 0.6% -
1954 -0.94% -
1953 -0.58% -
1952 0.42% -
1951 -0.26% -
1950 -0.2% -
1949 0.44% -
1948 -1.55% -
1947 -0.93% -
1946 0.66% -
1945 -1.11% -
1944 -1.12% -
1943 0.05% -
1942 -0.93% -
1941 -0.26% -
1940 -0.4% -
1939 -0.06% -
1938 -0.91% -
1937 -0.41% -
1936 -0.39% -
1935 0.26% -
1934 0.72% -
1933 -0.58% -
1932 0% -
1931 0.71% -
1930 0.21% -
1929 0.95% -
1928 0.24% -
1927 -0.3% -
1926 -0.29% -
1925 0.46% -
1924 1.34% -
1923 1.02% -
1922 1.13% -
1921 0.64% -
1920 0.91% -
1919 0.41% -
1918 -0.19% -
1917 0.63% -
1916 - -
1915 - -
1914 - -
1913 0.28% -
1912 -0.79% -
1911 -0.31% -
1910 0.1% -
1909 0.15% -
1908 -0.08% -
1907 0.43% -
1906 0.72% -
1905 0.35% -
1904 1.09% -
1903 3.82% -
1902 0.42% -
1901 0.62% -
1900 0.76% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/tonga | CC BY

In 2025, Mexico's government deficit, the difference between spending and revenue, was $89B, equivalent to 4.86% of GDP. This compares to Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, Mexico recorded a fiscal deficit in 27 of those years, while Tonga ran a deficit in 7 years. On average, Mexico posted an annual deficit equal to 3.04% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Mexico

Tonga
1x
Year Consumer prices inflation
Mexico Tonga
2025 3.81% 5.59%
2024 4.72% 3.18%
2023 5.53% 6.35%
2022 7.9% 11%
2021 5.69% 5.64%
2020 3.4% -0.35%
2019 3.64% 1.18%
2018 4.9% 5.03%
2017 6.04% 7.52%
2016 2.82% 2.58%
2015 2.72% -1.05%
2014 4.02% 2.51%
2013 3.81% 0.78%
2012 4.11% 1.15%
2011 3.41% 6.27%
2010 4.16% 3.53%
2009 5.3% 1.43%
2008 5.12% 10.4%
2007 3.97% 5.84%
2006 3.63% 6.15%
2005 3.99% 8.67%
2004 4.69% 11%
2003 4.55% 11.6%
2002 5.03% 10.4%
2001 6.37% 8.29%
2000 9.49% 6.33%
1999 16.6% 4.46%
1998 15.9% 3.27%
1997 20.6% 2.12%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/tonga | CC BY

Over the past 29 years, Mexico has recorded an average annual inflation rate of 6.07%, compared with 5.2% in Tonga. In 2025, inflation was 3.81% in Mexico and 5.59% in Tonga.

Balance of trade

Mexico Tonga
Current account balance
-$8.2B
2025
-$43.5M
2024
Current account balance ranking
171/190
2025
76/190
2024
Current account balance, % of GDP
-0.45%
2025
-6.72%
2024
Goods imports
$665B
2025
$232M
2024
Goods exports
$666B
2025
$10.8M
2024
Service imports
$75.4B
2025
$161M
2024
Service exports
$64B
2025
$93.6M
2024
Imports of goods and services, % of GDP
40.3%
2025
60.7%
2024
Exports of goods and services, % of GDP
39.6%
2025
16.9%
2024

Economic freedom indices

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

Mexico Tonga
Economic freedom 59.8 58.9
Economic freedom ranking 102/197 107/197
Property rights 37.6 71.1
Government integrity 28.8 45.1
Judicial effectiveness 40.4 64.9
Tax burden 75.4 85.6
Government spending 74.6 31
Fiscal health 56.7 97.3
Business freedom 67 59.2
Labor freedom 57.3 55.9
Monetary freedom 70.6 61
Trade freedom 74.2 75.4
Investment freedom 75 40
Financial freedom 60 20

Economic freedom comparison by year

Mexico
Tonga
1x
Year Economic freedom index
Mexico Tonga
2026 59.8 58.9
2025 61.3 58.5
2024 62 59.2
2023 63.2 60
2022 63.7 60.8
2021 65.5 57.5
2020 66 58.8
2019 64.7 57.7
2018 64.8 63.1
2017 63.6 63
2016 65.2 59.6
2015 66.4 59.3
2014 66.8 58.2
2013 67 56
2012 65.3 57
2011 67.8 55.8
2010 68.3 53.4
2009 65.8 54.1
2008 66.2 -
2007 66 -
2006 64.7 -
2005 65.2 -
2004 66 -
2003 65.3 -
2002 63 -
2001 60.6 -
2000 59.3 -
1999 58.5 -
1998 57.9 -
1997 57.1 -
1996 61.2 -
1995 63.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/mexico/tonga | CC BY

The Economic Freedom Index for Mexico is 59.8, ranking 102/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mexico Tonga
Services, % of GDP
58.9%
2025
49.5%
2024
Industry, % of GDP
30.6%
2025
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
3.88%
2025
18.6%
2024
GNI, Atlas method
$1.81T
2025
$709M
2025
GNI per capita, PPP
$25,070
2025
$9,240
2025
Total reserves including gold
$256B
2025
$413M
2025
Total reserves ranking
17/177
2025
162/177
2025
Net foreign direct investment
-$31.8B
2025
$13.3M
2024
Net inflows of foreign direct investment
$45.5B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$13B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
3.77%
2024
6.33%
2024
Poverty at national poverty lines
29.6%
2024
20.6%
2021
Gross capital formation, % of GDP
22.6%
2025
26.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/mexico/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.