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Economy of Netherlands vs Tonga compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.21T compared to $591M for Tonga, ranking 19/197 and 191/197 by economy size, respectively.

The Netherlands has $532B in government debt (43.8% of GDP), compared to $256M (37% of GDP) in Tonga.

Netherlands vs Tonga GDP by year

Netherlands
Tonga
1x
Year GDP, current $
Netherlands Tonga
2024 $1,214,927,698,573 -
2023 $1,135,475,867,551 $591,139,749
2022 $1,046,540,797,549 $556,514,555
2021 $1,054,472,123,450 $519,306,353
2020 $932,560,861,701 $506,571,468
2019 $928,903,005,576 $506,031,239
2018 $929,733,599,797 $493,530,783
2017 $848,233,537,846 $459,976,850
2016 $797,163,949,290 $420,828,262
2015 $775,743,675,303 $437,525,514
2014 $901,556,501,756 $440,997,738
2013 $883,951,539,007 $451,788,498
2012 $845,689,017,066 $471,122,971
2011 $913,140,741,333 $414,143,828
2010 $852,464,982,433 $366,887,375
2009 $878,954,223,140 $312,415,028
2008 $957,901,566,041 $344,438,844
2007 $853,499,460,873 $298,519,623
2006 $737,593,995,289 $292,232,703
2005 $688,133,699,636 $261,823,805
2004 $661,224,886,143 $230,678,011
2003 $582,435,617,082 $202,246,591
2002 $475,529,972,123 $182,764,281
2001 $432,536,219,669 $181,117,230
2000 $417,649,282,154 $204,848,488
1999 $447,778,514,140 $199,208,718
1998 $438,612,530,549 $191,504,893
1997 $417,506,211,882 $214,991,452
1996 $451,372,549,020 $222,100,576
1995 $452,967,334,614 $208,871,666
1994 $379,688,232,232 $195,990,986
1993 $354,070,495,966 $138,489,884
1992 $363,497,050,125 $137,066,291
1991 $327,982,316,124 $132,201,141
1990 $318,799,003,994 $113,563,822
1989 $258,716,904,292 $106,344,855
1988 $262,295,966,105 $106,657,267
1987 $245,406,949,521 $81,667,133
1986 $201,157,708,221 $68,195,856
1985 $144,057,523,222 $60,058,663
1984 $144,124,462,912 $64,248,355
1983 $153,671,294,109 $60,863,964
1982 $158,712,765,536 $62,068,161
1981 $164,375,775,854 $62,242,013
1980 $195,439,301,707 $53,260,077
1979 $179,933,827,310 $44,667,002
1978 $156,089,077,205 $41,567,472
1977 $127,203,923,857 $34,139,388
1976 $109,329,386,564 $30,036,417
1975 $100,397,061,694 $32,506,742
1974 $87,371,810,804 -
1973 $71,946,639,603 -
1972 $54,787,070,173 -
1971 $44,644,730,576 -
1970 $38,220,884,519 -
1969 $34,086,038,090 -
1968 $30,097,635,751 -
1967 $27,143,828,099 -
1966 $24,741,480,717 -
1965 $22,721,869,808 -
1964 $20,232,048,553 -
1963 $17,193,744,109 -
1962 $15,847,582,341 -
1961 $14,599,836,396 -
1960 $13,282,979,015 -

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

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

GDP per capita in Netherlands vs Tonga by year

Netherlands
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $67,520 $86,174 - -
2023 $63,516 $81,729 $5,652 $7,803
2022 $59,123 $78,630 $5,298 $7,296
2021 $60,142 $68,574 $4,923 $6,929
2020 $53,468 $62,597 $4,792 $6,676
2019 $53,555 $62,345 $4,789 $6,473
2018 $53,955 $58,819 $4,675 $6,393
2017 $49,514 $56,038 $4,366 $6,229
2016 $46,809 $53,162 $3,988 $5,920
2015 $45,794 $50,957 $4,124 $5,472
2014 $53,457 $49,751 $4,137 $5,336
2013 $52,602 $49,622 $4,219 $5,120
2012 $50,474 $47,653 $4,384 $4,996
2011 $54,702 $47,004 $3,850 $4,855
2010 $51,306 $45,301 $3,416 $4,465
2009 $53,172 $44,959 $2,914 $4,384
2008 $58,247 $46,714 $3,218 $4,600
2007 $52,101 $44,203 $2,797 $4,316
2006 $45,124 $41,208 $2,750 $4,327
2005 $42,165 $37,778 $2,478 $4,315
2004 $40,611 $35,961 $2,195 $4,235
2003 $35,897 $34,286 $1,936 $4,231
2002 $29,447 $34,568 $1,759 $4,171
2001 $26,956 $33,259 $1,754 $3,955
2000 $26,225 $31,895 $1,995 $3,834
1999 $28,319 $29,316 $1,952 $3,636
1998 $27,924 $27,749 $1,889 $3,527
1997 $26,745 $26,062 $2,136 $3,434
1996 $29,064 $24,564 $2,215 $3,410
1995 $29,301 $23,480 $2,084 $3,347
1994 $24,683 $22,414 $1,957 $3,088
1993 $23,156 $21,443 $1,383 $2,882
1992 $23,939 $20,831 $1,370 $2,716
1991 $21,764 $20,177 $1,323 $2,652
1990 $21,322 $19,203 $1,139 $2,416
1989 $17,423 - $1,070 -
1988 $17,771 - $1,078 -
1987 $16,734 - $830 -
1986 $13,804 - $696 -
1985 $9,941 - $613 -
1984 $9,992 - $656 -
1983 $10,696 - $621 -
1982 $11,089 - $633 -
1981 $11,537 - $636 -
1980 $13,812 - $545 -
1979 $12,817 - $458 -
1978 $11,196 - $428 -
1977 $9,180 - $353 -
1976 $7,937 - $315 -
1975 $7,346 - $349 -
1974 $6,450 - - -
1973 $5,353 - - -
1972 $4,110 - - -
1971 $3,384 - - -
1970 $2,931 - - -
1969 $2,647 - - -
1968 $2,364 - - -
1967 $2,155 - - -
1966 $1,986 - - -
1965 $1,848 - - -
1964 $1,668 - - -
1963 $1,437 - - -
1962 $1,342 - - -
1961 $1,254 - - -
1960 $1,156 - - -

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

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

The Netherlands' GDP per capita is $67,520, ranking 13/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while Tonga ranks 144th at $7,803.

Economic indicators

Netherlands Tonga
Gross domestic product
$1.21T
2024
$591M
2023
GDP rank
19/197
2024
191/197
2023
GDP growth
1.08%
2023-2024
2.79%
2022-2023
GDP per capita
$67,520
2024
$5,652
2023
GDP per capita rank
13/197
2024
115/197
2023
GDP per capita, PPP
$86,174
2024
$7,803
2023
GDP per capita PPP rank
11/197
2024
144/197
2023
Government debt
$532B
2024
$256M
2023
Debt-to-GDP ratio
43.8%
2024
37%
2024
Government debt per person
$29,571
2024
$2,445
2023
Government debt per person rank
24/185
2024
111/185
2023
Average annual personal income after taxes
$47,815
2026
$3,886
2026
Market capitalization of domestic companies
$1.1T
2017
n/a
Number of millionaires
1,267,000
2025
n/a
Number of billionaires
13
2025
n/a
Income share by richest 10%
21.4%
2021
22%
2021
Income share by poorest 10%
3.6%
2021
4%
2021
Government expenditure, % of GDP
44.4%
2024
51.3%
2024
Consumer prices inflation
3.35%
2023-2024
3.18%
2023-2024
Unemployment rate
3.64%
2024
1.65%
2023
Population
18252623
103309

Spending and national debt comparison by year

Netherlands
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Netherlands Tonga
Government spending Government debt Government spending Government debt
2024 44.4% 43.8% 51.3% 37%
2023 44% 45.9% 48.2% 43.3%
2022 43.3% 48.4% 44.4% 43.2%
2021 45.9% 50.5% 44.6% 43%
2020 47.8% 53.4% 37.9% 42.6%
2019 42.1% 47.7% 39.9% 42.8%
2018 42.4% 51.6% 39.6% 45.8%
2017 42.8% 56% 39.7% 44.7%
2016 43.9% 60.9% 37.2% 49.4%
2015 45.3% 63.8% 37.4% 51.1%
2014 46.7% 67.2% 31.5% 47.4%
2013 47.5% 67.2% 34.3% 48.9%
2012 47.6% 65.7% 32% 60%
2011 47.8% 61.2% 32.6% 51.9%
2010 48.9% 58.9% 28.4% 44.7%
2009 48.4% 56.3% 23.9% 39.7%
2008 44.3% 54.4% 24% 34%
2007 43.3% 42.7% 23.2% 37.8%
2006 44% 45% 25.6% 39.6%
2005 43.4% 49.6% 19.8% 43.3%
2004 44.7% 50.1% 19.3% 52.2%
2003 45.8% 49.8% 20% 56.2%
2002 44.8% 48.7% 21.3% 60.7%
2001 44.1% 49.4% 19.1% 53.4%
2000 43.2% 52.2% 20% 43.6%
1999 44.3% 58.6% 18.8% 38.4%
1998 44.6% 62.7% - -
1997 45.7% 65.7% - -
1996 47.3% 71.2% - -
1995 53.9% 73% - -
1994 49.4% 73.5% - -
1993 50.9% 76.7% - -
1992 50.2% 75.6% - -
1991 49.6% 74.8% - -
1990 48.8% 75% - -
1989 54.5% 73.7% - -
1988 56.4% 73.7% - -
1987 58.5% 71.3% - -
1986 57% 68.9% - -
1985 57.3% 67.1% - -
1984 58.1% 61.9% - -
1983 59.1% 58.4% - -
1982 59.1% 52.4% - -
1981 56.8% 46.9% - -
1980 55.2% 43.6% - -
1979 53.7% 39.5% - -
1978 52.3% 38.1% - -
1977 50.6% 34.9% - -
1976 50.8% 35.2% - -
1975 50.8% 36.1% - -
1974 46.4% 36.3% - -
1973 44.6% 38.1% - -
1972 44.9% 41.3% - -
1971 44.6% 43.7% - -
1970 43.2% 46.1% - -
1969 42.1% 48.2% - -
1968 25.4% 54.4% - -
1967 24.1% 55% - -
1966 24.4% 55.6% - -
1965 23.4% 55.8% - -
1964 22.3% 57.1% - -
1963 21.9% 61.7% - -
1962 22.1% 63.8% - -
1961 22.2% 65.9% - -
1960 20.4% 66.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, the Netherlands' government spending was $540B, accounting for 44.4% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 43.8% in the Netherlands and 37% in Tonga, ranking 123/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Tonga
1x
Year Deficit/surplus, % of GDP
Netherlands Tonga
2024 -0.94% 4.17%
2023 -0.37% 6.14%
2022 0.002% -0.1%
2021 -2.26% -0.87%
2020 -3.72% 5.25%
2019 1.91% 3.28%
2018 1.49% 2.92%
2017 1.35% 3.58%
2016 0.23% 1.47%
2015 -1.84% -2.75%
2014 -2.17% 6.38%
2013 -2.87% -1.3%
2012 -3.83% -1.74%
2011 -4.42% -6.02%
2010 -5.3% -1.22%
2009 -5.06% 6.85%
2008 -0.06% 2.14%
2007 -0.16% 5.39%
2006 0.04% 1.34%
2005 -0.51% 4.23%
2004 -1.82% 4.23%
2003 -3.19% 2.37%
2002 -2.23% 2.59%
2001 -0.47% 2.23%
2000 1.14% 1.35%
1999 0.28% 1.55%
1998 -1.34% -
1997 -1.6% -
1996 -1.91% -
1995 -8.72% -
1994 -3.53% -
1993 -3.13% -
1992 -3.12% -
1991 -2.05% -
1990 -4.08% -
1989 -5% -
1988 -4.23% -
1987 -5.39% -
1986 -4.62% -
1985 -3.6% -
1984 -5.25% -
1983 -5.47% -
1982 -6.17% -
1981 -4.92% -
1980 -3.95% -
1979 -2.46% -
1978 -2.09% -
1977 -0.75% -
1976 -2.02% -
1975 -2.82% -
1974 -0.26% -
1973 0.54% -
1972 -0.7% -
1971 -1.58% -
1970 -1.52% -
1969 -1.14% -
1968 -3.06% -
1967 -1.97% -
1966 -2.37% -
1965 -1.15% -
1964 -1.2% -
1963 -0.54% -
1962 -1.38% -
1961 -0.38% -
1960 0.9% -
1959 -0.74% -
1958 -0.89% -
1957 0.3% -
1956 -0.83% -
1955 -0.25% -
1954 0.76% -
1953 -2.95% -
1952 2.19% -
1951 2.13% -
1950 0.81% -
1949 2.3% -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 -3.19% -
1938 -0.37% -
1937 0.02% -
1936 -0.41% -
1935 -0.69% -
1934 -0.92% -
1933 -2.55% -
1932 -1.97% -
1931 -1.66% -
1930 -0.55% -
1929 -1.16% -
1928 -0.62% -
1927 -0.33% -
1926 -0.78% -
1925 -2.04% -
1924 -3.37% -
1923 -2.62% -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -0.45% -
1912 -0.47% -
1911 -0.13% -
1910 -0.93% -
1909 -0.34% -
1908 -0.57% -
1907 0.03% -
1906 0.16% -
1905 0.1% -
1904 -0.72% -
1903 0.09% -
1902 -0.14% -
1901 0.03% -
1900 0.06% -
1899 -0.13% -
1898 -0.48% -
1897 -0.45% -
1896 0.08% -
1895 -0.06% -
1894 0.12% -
1893 -0.76% -
1892 -1.72% -
1891 -0.06% -
1890 -0.06% -
1889 0.04% -
1888 -0.31% -
1887 -0.37% -
1886 -0.08% -
1885 -0.55% -
1884 0% -
1883 -2.1% -
1882 -1.11% -
1881 -1.06% -
1880 0.21% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2023, the Netherlands' government deficit, the difference between spending and revenue, was $4.21B, equivalent to 0.37% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, the Netherlands recorded a fiscal deficit in 17 of those years, while Tonga ran a deficit in 7 years. On average, the Netherlands posted an annual deficit equal to 1.35% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Netherlands

Tonga
1x
Year Consumer prices inflation
Netherlands Tonga
2024 3.35% 3.18%
2023 3.84% 6.35%
2022 10% 11%
2021 2.68% 5.64%
2020 1.27% -0.35%
2019 2.63% 1.18%
2018 1.7% 5.03%
2017 1.38% 7.52%
2016 0.32% 2.58%
2015 0.6% -1.05%
2014 0.98% 2.51%
2013 2.51% 0.78%
2012 2.46% 1.15%
2011 2.34% 6.27%
2010 1.28% 3.53%
2009 1.19% 1.43%
2008 2.49% 10.4%
2007 1.61% 5.84%
2006 1.1% 6.15%
2005 1.69% 8.67%
2004 1.26% 11%
2003 2.09% 11.6%
2002 3.29% 10.4%
2001 4.16% 8.29%
2000 2.36% 6.33%
1999 2.16% 4.46%
1998 1.96% 3.27%
1997 2.11% 2.12%

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

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

Over the past 28 years, the Netherlands has recorded an average annual inflation rate of 2.31%, compared with 5.19% in Tonga. In 2024, inflation was 3.35% in the Netherlands and 3.18% in Tonga.

Top exports between countries

Netherlands
Export category Export value
Processed food, beverages & tobacco $131K
Machinery & equipment $109K
Chemicals & pharma $62K
Animal & marine products $36K
Metals $3K
Textiles & consumer goods $3K
Tonga
Export category Export value

Balance of trade

Netherlands Tonga
Current account balance
$111B
2024
-$43.5M
2024
Current account balance ranking
5/190
2024
83/190
2024
Current account balance, % of GDP
+9.13%
2024
-7.93%
2023
Goods imports
$606B
2024
$232M
2024
Goods exports
$693B
2024
$10.8M
2024
Service imports
$262B
2024
$161M
2024
Service exports
$308B
2024
$93.6M
2024
Imports of goods and services, % of GDP
71.4%
2024
64.9%
2023
Exports of goods and services, % of GDP
82.4%
2024
14.7%
2023

Economic freedom indices

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

Netherlands Tonga
Economic freedom 78.5 58.9
Economic freedom ranking 11/197 107/197
Property rights 96 71.1
Government integrity 86.8 45.1
Judicial effectiveness 96.1 64.9
Tax burden 54 85.6
Government spending 42.2 31
Fiscal health 95.9 97.3
Business freedom 85 59.2
Labor freedom 59.3 55.9
Monetary freedom 77 61
Trade freedom 79.4 75.4
Investment freedom 90 40
Financial freedom 80 20

Economic freedom comparison by year

Netherlands
Tonga
1x
Year Economic freedom index
Netherlands Tonga
2026 78.5 58.9
2025 78.2 58.5
2024 77.3 59.2
2023 78 60
2022 79.5 60.8
2021 76.8 57.5
2020 77 58.8
2019 76.8 57.7
2018 76.2 63.1
2017 75.8 63
2016 74.6 59.6
2015 73.7 59.3
2014 74.2 58.2
2013 73.5 56
2012 73.3 57
2011 74.7 55.8
2010 75 53.4
2009 77 54.1
2008 77.4 -
2007 75.5 -
2006 75.4 -
2005 72.9 -
2004 74.5 -
2003 74.6 -
2002 75.1 -
2001 73 -
2000 70.4 -
1999 70.2 -
1998 69.2 -
1997 70.4 -
1996 69.7 -

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

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

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, 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

Netherlands Tonga
Services, % of GDP
70.5%
2024
50%
2023
Industry, % of GDP
17.5%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
1.73%
2024
19%
2023
GNI, Atlas method
$1.12T
2024
$619M
2023
GNI per capita, PPP
$84,970
2024
$8,400
2023
Total reserves including gold
$79.1B
2024
$377M
2024
Total reserves ranking
34/177
2024
163/177
2024
Net foreign direct investment
$11.1B
2024
$13.3M
2024
Net inflows of foreign direct investment
-$17.1B
2024
-$12.1M
2024
Net outflows of foreign direct investment
-$5.93B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
2.76%
2023
Poverty at national poverty lines
14.5%
2021
20.6%
2021
Gross capital formation, % of GDP
19.7%
2024
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/netherlands/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 (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.