Mongolia vs Tonga: Economic Indicators Comparison

Mongolia with a GDP of $13.1B ranked the 134th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Mongolia and Tonga ranked 39th vs 89th and 118th vs 113th, respectively.

Gross Domestic Product & Income

StatMongoliaTonga
GDP$13.1B$450.4M
GDP growth, 1 year6.9%1.8%
GDP growth, 5-years average4.7%3%
Population3.1M108k
GDP per capita$4.1k$4.4k
GDP per capita growth5.32%-0.87%
Purchasing Power Parity conversion factor738.481.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.68
GDP per capita, PPP adjusted$13k$6.1k
GNI, Atlas method$11.6B$443.3M
GNI per capita$3.7k$4.3k
GNI, PPP adjusted$39.6B$672.5M
GNI per capita, PPP adjusted$13k$6.5k

Financial system and Human development

StatMongoliaTonga
Income Tax Rate10%20%
Corporate Tax Rate25%25%
Inflation, consumer prices7.7%3.9%
Inflation, GDP deflator8.1%3.6%
Unemployment6.3%1%
Economic Freedom Index55.958.8
Personal Freedom Index7.635.6
Human Freedom Index7.175.6
Property Rights Index50.360.9
Judical Effectiveness Index2326.5
Business Freedom Index63.675
Fiscal Health Index9.395.2
Labor Freedom Index75.769.8
Investment Freedom Index5040
Financial Freedom Index6020
Trade Freedom Index7474
Monetary Freedom Index74.271.4
Government Spending Index66.642.8
Tax Burden Index87.485.2
Government Integrity Index36.944.2
Corruption Perceptions Index3750
Life expectancy at birth, years69.570.7
Suicide mortality rate, per 100,000 people133.5
Mortality caused by road traffic injury, per 100,000 people16.516.8
Intentional homicides, per 100,000 people6.21
International tourism, number of arrivals529k54k

Government debt & reserves

StatMongoliaTonga
Central government debt, % of GDP73.3%49.2%
External debt stocks, % of GNI253.9%41.3%
External debt stocks$29.4B$188.7M
Short-term debt, % of total reserves87.3%0%
Total debt service, % of exports and primary income101.6%7.2%
Adjusted net savings including particulate emission damage, % of GNI-10.3%9.3%
Gross savings, % of GDP30.3%16.5%
Gross capital formation, % of GDP43.1%33.4%
Total reserves including gold$3.5B$227.2M
Foreign direct investment net inflows$2B$15M

Exports, imports and economic structure

StatMongoliaTonga
Exports of goods and services, % of GDP58.7%22.3%
Imports of goods and services, % of GDP64.2%75.9%
Current account balance (balance of payments)-$1.9B-$28.6M
Revenue excluding grants, % of GDP24.9%25.6%
Grants excluding technical cooperation, BoP$115.6M$64.2M
Personal remittances received$440.6M$183.3M
Industry including construction value added, % of GDP38.7%17.3%
Agriculture, forestry and fishing value added, % of GDP10.8%17.2%
Charges for the use of intellectual property, payments BoP$16.1M$183
Charges for the use of intellectual property, receipts BoP$1.4M$2.3k
Expense, % of GDP23.8%31.4%
Government Expenditure, % of GDP33.4%43.7%

Compare with countries close by GDP per capita

Mongolia vs

CountryGDP
per capita
Population
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
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
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

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
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
Bhutan
$3.2k
808k