Montenegro vs Tonga: Economic Indicators Comparison
Montenegro with a GDP of $5.5B ranked the 153rd largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Montenegro and Tonga ranked 67th vs 89th and 81st vs 113th, respectively.
Gross Domestic Product & Income
| Stat |  Montenegro |  Tonga |
|---|---|---|
| GDP | $5.5B | $450.4M |
| GDP growth, 1 year | 4.5% | 1.8% |
| GDP growth, 5-years average | 3.5% | 3% |
| Population | 622k | 108k |
| GDP per capita | $8.8k | $4.4k |
| GDP per capita growth | 5.08% | -0.87% |
| Purchasing Power Parity conversion factor | 0.36 | 1.49 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.43 | 0.68 |
| GDP per capita, PPP adjusted | $19k | $6.1k |
| GNI, Atlas method | $5.2B | $443.3M |
| GNI per capita | $8.4k | $4.3k |
| GNI, PPP adjusted | $13B | $672.5M |
| GNI per capita, PPP adjusted | $21k | $6.5k |
Financial system and Human development
| Stat | Montenegro | Tonga |
|---|---|---|
| Income Tax Rate | 9% | 20% |
| Corporate Tax Rate | 9% | 25% |
| Inflation, consumer prices | 2.6% | 3.9% |
| Inflation, GDP deflator | 3.2% | 3.6% |
| Unemployment | 15.5% | 1% |
| Economic Freedom Index | 61.5 | 58.8 |
| Personal Freedom Index | 8.12 | 5.6 |
| Human Freedom Index | 7.67 | 5.6 |
| Property Rights Index | 59.1 | 60.9 |
| Judical Effectiveness Index | 55.3 | 26.5 |
| Business Freedom Index | 70.8 | 75 |
| Fiscal Health Index | 23.4 | 95.2 |
| Labor Freedom Index | 74.8 | 69.8 |
| Investment Freedom Index | 75 | 40 |
| Financial Freedom Index | 50 | 20 |
| Trade Freedom Index | 83.8 | 74 |
| Monetary Freedom Index | 80.3 | 71.4 |
| Government Spending Index | 32.1 | 42.8 |
| Tax Burden Index | 85.4 | 85.2 |
| Government Integrity Index | 47.5 | 44.2 |
| Corruption Perceptions Index | 45 | 50 |
| Life expectancy at birth, years | 76.7 | 70.7 |
| Suicide mortality rate, per 100,000 people | 10.3 | 3.5 |
| Mortality caused by road traffic injury, per 100,000 people | 10.7 | 16.8 |
| Intentional homicides, per 100,000 people | 2.4 | 1 |
| International tourism, number of arrivals | 2.1M | 54k |
Government debt & reserves
| Stat | Montenegro | Tonga |
|---|---|---|
| Central government debt, % of GDP | 72.1% | 49.2% |
| External debt stocks, % of GNI | 144.1% | 41.3% |
| External debt stocks | $8B | $188.7M |
| Short-term debt, % of total reserves | 17.2% | 0% |
| Total debt service, % of exports and primary income | 63.7% | 7.2% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 9.3% |
| Gross savings, % of GDP | 14.9% | 16.5% |
| Gross capital formation, % of GDP | 31.9% | 33.4% |
| Total reserves including gold | $1.2B | $227.2M |
| Foreign direct investment net inflows | $485.7M | $15M |
Exports, imports and economic structure
| Stat | Montenegro | Tonga |
|---|---|---|
| Exports of goods and services, % of GDP | 42.9% | 22.3% |
| Imports of goods and services, % of GDP | 66.7% | 75.9% |
| Current account balance (balance of payments) | -$943M | -$28.6M |
| Revenue excluding grants, % of GDP | N/A | 25.6% |
| Grants excluding technical cooperation, BoP | $57.7M | $64.2M |
| Personal remittances received | $588.9M | $183.3M |
| Industry including construction value added, % of GDP | 15.9% | 17.3% |
| Agriculture, forestry and fishing value added, % of GDP | 6.7% | 17.2% |
| Charges for the use of intellectual property, payments BoP | $6M | $183 |
| Charges for the use of intellectual property, receipts BoP | $432k | $2.3k |
| Expense, % of GDP | N/A | 31.4% |
| Government Expenditure, % of GDP | 47.6% | 43.7% |
