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Economy of Myanmar vs Tonga compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $591M for Tonga, ranking 85/197 and 191/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $256M (37% of GDP) in Tonga.

Myanmar vs Tonga GDP by year

Myanmar
Tonga
1x
Year GDP, current $
Myanmar Tonga
2024 $74,068,349,524 -
2023 $66,757,619,000 $591,139,749
2022 $62,253,049,903 $556,514,555
2021 $66,345,291,149 $519,306,353
2020 $79,006,113,670 $506,571,468
2019 $75,065,106,243 $506,031,239
2018 $67,860,515,993 $493,530,783
2017 $66,053,040,475 $459,976,850
2016 $63,298,361,984 $420,828,262
2015 $59,607,290,408 $437,525,514
2014 $65,531,374,210 $440,997,738
2013 $60,269,732,855 $451,788,498
2012 $59,937,796,648 $471,122,971
2011 $59,977,326,086 $414,143,828
2010 $49,540,813,342 $366,887,375
2009 $36,906,181,381 $312,415,028
2008 $31,862,554,102 $344,438,844
2007 $20,182,477,481 $298,519,623
2006 $14,502,553,710 $292,232,703
2005 $11,986,972,419 $261,823,805
2004 $10,567,354,056 $230,678,011
2003 $10,467,109,978 $202,246,591
2002 $6,777,632,512 $182,764,281
2001 $6,477,790,688 $181,117,230
2000 $8,905,066,164 $204,848,488
1999 $8,486,832,801 $199,208,718
1998 $6,459,461,639 $191,504,893
1997 $4,722,288,496 $214,991,452
1996 $6,123,556,717 $222,100,576
1995 $5,289,174,943 $208,871,666
1994 $4,432,257,174 $195,990,986
1993 $3,163,020,035 $138,489,884
1992 $2,411,552,289 $137,066,291
1991 $2,069,832,687 $132,201,141
1990 $2,115,193,513 $113,563,822
1989 $2,013,448,229 $106,344,855
1988 $1,541,088,312 $106,657,267
1987 $1,562,448,077 $81,667,133
1986 $1,582,873,750 $68,195,856
1985 $1,478,908,173 $60,058,663
1984 $1,304,063,253 $64,248,355
1983 $1,381,573,615 $60,863,964
1982 $1,481,165,468 $62,068,161
1981 $1,111,000,765 $62,242,013
1980 $1,038,225,167 $53,260,077
1979 $952,265,043 $44,667,002
1978 $935,408,775 $41,567,472
1977 $873,579,932 $34,139,388
1976 $1,204,699,849 $30,036,417
1975 $1,061,107,354 $32,506,742
1974 $1,225,589,878 -
1973 $719,754,655 -
1972 $662,213,083 -
1971 $587,448,405 -
1970 $563,555,631 -
1969 $571,854,215 -
1968 $559,956,130 -
1967 $420,359,036 -
1966 $293,103,479 -
1965 $367,053,117 -
1964 $411,419,906 -
1963 $598,998,419 -
1962 $634,528,872 -
1961 $605,581,577 -
1960 $545,098,448 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Myanmar vs Tonga by year

Myanmar
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 - -
2023 $1,233 $5,953 $5,652 $7,803
2022 $1,158 $5,732 $5,298 $7,296
2021 $1,243 $5,178 $4,923 $6,929
2020 $1,490 $5,741 $4,792 $6,676
2019 $1,426 $6,101 $4,789 $6,473
2018 $1,298 $5,581 $4,675 $6,393
2017 $1,273 $4,706 $4,366 $6,229
2016 $1,229 $4,460 $3,988 $5,920
2015 $1,167 $4,459 $4,124 $5,472
2014 $1,293 $4,376 $4,137 $5,336
2013 $1,199 $4,144 $4,219 $5,120
2012 $1,203 $3,845 $4,384 $4,996
2011 $1,214 $3,579 $3,850 $4,855
2010 $1,011 $3,348 $3,416 $4,465
2009 $758 $3,040 $2,914 $4,384
2008 $658 $2,748 $3,218 $4,600
2007 $419 $2,459 $2,797 $4,316
2006 $303 $2,153 $2,750 $4,327
2005 $252.7 $1,860 $2,478 $4,315
2004 $224.5 $1,601 $2,195 $4,235
2003 $224.3 $1,385 $1,936 $4,231
2002 $146.6 $1,204 $1,759 $4,171
2001 $141.5 $1,069 $1,754 $3,955
2000 $196.6 $949 $1,995 $3,834
1999 $189.5 $825 $1,952 $3,636
1998 $146 $742 $1,889 $3,527
1997 $108 $702 $2,136 $3,434
1996 $141.9 $661 $2,215 $3,410
1995 $124.1 $618 $2,084 $3,347
1994 $105.4 $573 $1,957 $3,088
1993 $76.2 $529 $1,383 $2,882
1992 $58.9 $494 $1,370 $2,716
1991 $51.2 $447 $1,323 $2,652
1990 $53.1 $441 $1,139 $2,416
1989 $51.3 - $1,070 -
1988 $39.9 - $1,078 -
1987 $41.1 - $830 -
1986 $42.4 - $696 -
1985 $40.4 - $613 -
1984 $36.3 - $656 -
1983 $39.3 - $621 -
1982 $43 - $633 -
1981 $32.8 - $636 -
1980 $31.2 - $545 -
1979 $29.2 - $458 -
1978 $29.3 - $428 -
1977 $27.9 - $353 -
1976 $39.2 - $315 -
1975 $35.2 - $349 -
1974 $41.4 - - -
1973 $24.8 - - -
1972 $23.3 - - -
1971 $21.1 - - -
1970 $20.7 - - -
1969 $21.5 - - -
1968 $21.5 - - -
1967 $16.5 - - -
1966 $11.8 - - -
1965 $15.1 - - -
1964 $17.3 - - -
1963 $25.8 - - -
1962 $27.9 - - -
1961 $27.3 - - -
1960 $25.1 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Tonga ranks 144th at $7,803.

Economic indicators

Myanmar Tonga
Gross domestic product
$74.1B
2024
$591M
2023
GDP rank
85/197
2024
191/197
2023
GDP growth
-0.97%
2023-2024
2.79%
2022-2023
GDP per capita
$1,359
2024
$5,652
2023
GDP per capita rank
165/197
2024
115/197
2023
GDP per capita, PPP
$5,997
2024
$7,803
2023
GDP per capita PPP rank
153/197
2024
144/197
2023
Government debt
$44B
2024
$256M
2023
Debt-to-GDP ratio
59.3%
2024
37%
2024
Government debt per person
$806
2024
$2,445
2023
Government debt per person rank
150/185
2024
111/185
2023
Average annual personal income after taxes
$1,646
2026
$3,886
2026
Income share by richest 10%
25.5%
2017
22%
2021
Income share by poorest 10%
3.8%
2017
4%
2021
Government expenditure, % of GDP
20.7%
2024
51.3%
2024
Consumer prices inflation
8.83%
2018-2019
3.18%
2023-2024
Unemployment rate
1.48%
2020
1.65%
2023
Population
55292116
103309

Spending and national debt comparison by year

Myanmar
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Myanmar Tonga
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 51.3% 37%
2023 21.4% 59.1% 48.2% 43.3%
2022 21.3% 56.1% 44.4% 43.2%
2021 20.9% 63.4% 44.6% 43%
2020 21.3% 49.1% 37.9% 42.6%
2019 20.5% 37.6% 39.9% 42.8%
2018 18.7% 39.9% 39.6% 45.8%
2017 19.7% 41.9% 39.7% 44.7%
2016 21.3% 35.7% 37.2% 49.4%
2015 23.7% 36.6% 37.4% 51.1%
2014 24.7% 34.5% 31.5% 47.4%
2013 23.9% 44.8% 34.3% 48.9%
2012 20% 48% 32% 60%
2011 15.6% 49.9% 32.6% 51.9%
2010 15.8% 54.4% 28.4% 44.7%
2009 14.4% 56.4% 23.9% 39.7%
2008 14.4% 59.8% 24% 34%
2007 15.7% 77.4% 23.2% 37.8%
2006 15.6% 103.1% 25.6% 39.6%
2005 14.6% 119% 19.8% 43.3%
2004 14.6% 126.6% 19.3% 52.2%
2003 14.3% 146% 20% 56.2%
2002 15.3% 190.6% 21.3% 60.7%
2001 19.1% 262% 19.1% 53.4%
2000 21.4% 164.5% 20% 43.6%
1999 22.8% 150.7% 18.8% 38.4%
1998 25.2% 208.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

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

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 37% in Tonga, ranking 81/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Tonga
1x
Year Deficit/surplus, % of GDP
Myanmar Tonga
2024 -5.06% 4.17%
2023 -5.18% 6.14%
2022 -2.82% -0.1%
2021 -2.47% -0.87%
2020 -6.5% 5.25%
2019 -4.7% 3.28%
2018 -2.77% 2.92%
2017 -3.42% 3.58%
2016 -2.53% 1.47%
2015 -4.33% -2.75%
2014 -1.06% 6.38%
2013 -1.53% -1.3%
2012 -2.7% -1.74%
2011 -4.82% -6.02%
2010 -5.4% -1.22%
2009 -3.55% 6.85%
2008 -2.73% 2.14%
2007 -3.52% 5.39%
2006 -3.42% 1.34%
2005 -3.49% 4.23%
2004 -4.62% 4.23%
2003 -4.24% 2.37%
2002 -4.01% 2.59%
2001 -6.34% 2.23%
2000 -6.03% 1.35%
1999 -4.46% 1.55%
1998 -4.89% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

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

In 2023, Myanmar's government deficit, the difference between spending and revenue, was $3.46B, equivalent to 5.18% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Myanmar recorded a fiscal deficit in 25 of those years, while Tonga ran a deficit in 7 years. On average, Myanmar posted an annual deficit equal to 3.86% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Myanmar

Tonga
1x
Year Consumer prices inflation
Myanmar Tonga
2024 - 3.18%
2023 - 6.35%
2022 - 11%
2021 - 5.64%
2020 - -0.35%
2019 8.83% 1.18%
2018 6.87% 5.03%
2017 4.57% 7.52%
2016 6.93% 2.58%
2015 9.45% -1.05%
2014 4.95% 2.51%
2013 5.64% 0.78%
2012 1.47% 1.15%
2011 5.02% 6.27%
2010 7.72% 3.53%
2009 1.47% 1.43%
2008 26.8% 10.4%
2007 35% 5.84%
2006 20% 6.15%
2005 9.37% 8.67%
2004 4.53% 11%
2003 36.6% 11.6%
2002 57.1% 10.4%
2001 21.1% 8.29%
2000 -0.11% 6.33%
1999 18.4% 4.46%
1998 51.5% 3.27%
1997 29.7% 2.12%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 5.19% in Tonga. In 2019, inflation was 8.83% in Myanmar and 3.18% in Tonga.

Balance of trade

Myanmar Tonga
Current account balance
$67.7M
2019
-$43.5M
2024
Current account balance ranking
71/190
2019
83/190
2024
Current account balance, % of GDP
+0.09%
2019
-7.93%
2023
Goods imports
$13.7B
2019
$232M
2024
Goods exports
$10.8B
2019
$10.8M
2024
Service imports
$3.66B
2019
$161M
2024
Service exports
$6.68B
2019
$93.6M
2024
Imports of goods and services, % of GDP n/a
64.9%
2023
Exports of goods and services, % of GDP
24.3%
2025
14.7%
2023

Economic freedom indices

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

Myanmar Tonga
Economic freedom 44.5 58.9
Economic freedom ranking 180/197 107/197
Property rights 5.7 71.1
Government integrity 18.1 45.1
Judicial effectiveness 3.9 64.9
Tax burden 88.6 85.6
Government spending 86.6 31
Fiscal health 62.7 97.3
Business freedom 37.9 59.2
Labor freedom 53.2 55.9
Monetary freedom 57.5 61
Trade freedom 69.4 75.4
Investment freedom 30 40
Financial freedom 20 20

Economic freedom comparison by year

Myanmar
Tonga
1x
Year Economic freedom index
Myanmar Tonga
2026 44.5 58.9
2025 43.7 58.5
2024 42.2 59.2
2023 46.5 60
2022 49.6 60.8
2021 55.2 57.5
2020 54 58.8
2019 53.6 57.7
2018 53.9 63.1
2017 52.5 63
2016 48.7 59.6
2015 46.9 59.3
2014 46.5 58.2
2013 39.2 56
2012 38.7 57
2011 37.8 55.8
2010 36.7 53.4
2009 37.7 54.1
2008 39.5 -
2007 41 -
2006 40 -
2005 40.5 -
2004 43.6 -
2003 44.9 -
2002 45.5 -
2001 46.1 -
2000 47.9 -
1999 46.4 -
1998 45.7 -
1997 45.4 -
1996 45.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, 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

Myanmar Tonga
Services, % of GDP
41.4%
2024
50%
2023
Industry, % of GDP
37.8%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
19%
2023
GNI, Atlas method
$65.9B
2024
$619M
2023
GNI per capita, PPP
$5,890
2024
$8,400
2023
Total reserves including gold
$9.34B
2023
$377M
2024
Total reserves ranking
81/177
2023
163/177
2024
Net foreign direct investment
-$1.74B
2019
$13.3M
2024
Net inflows of foreign direct investment
$1.1B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$0
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
2.76%
2023
Poverty at national poverty lines
24.8%
2017
20.6%
2021
Gross capital formation, % of GDP n/a
25.9%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)

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.