North Macedonia vs Tonga: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, North Macedonia and Tonga ranked 110th vs 89th and 100th vs 113th, respectively.

Gross Domestic Product & Income

StatNorth MacedoniaTonga
GDP$12.7B$450.4M
GDP growth, 1 year2.7%1.8%
GDP growth, 5-years average2.6%3%
Population2.1M108k
GDP per capita$6.1k$4.4k
GDP per capita growth2.62%-0.87%
Purchasing Power Parity conversion factor19.381.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.68
GDP per capita, PPP adjusted$16k$6.1k
GNI, Atlas method$11.4B$443.3M
GNI per capita$5.5k$4.3k
GNI, PPP adjusted$32.6B$672.5M
GNI per capita, PPP adjusted$16k$6.5k

Financial system and Human development

StatNorth MacedoniaTonga
Income Tax Rate10%20%
Corporate Tax Rate10%25%
Inflation, consumer prices1.5%3.9%
Inflation, GDP deflator4.3%3.6%
Unemployment21.6%1%
Economic Freedom Index69.558.8
Personal Freedom Index8.175.6
Human Freedom Index7.555.6
Property Rights Index62.560.9
Judical Effectiveness Index42.726.5
Business Freedom Index80.675
Fiscal Health Index87.795.2
Labor Freedom Index6769.8
Investment Freedom Index6540
Financial Freedom Index6020
Trade Freedom Index86.274
Monetary Freedom Index77.771.4
Government Spending Index7142.8
Tax Burden Index91.585.2
Government Integrity Index42.244.2
Corruption Perceptions Index3750
Life expectancy at birth, years75.670.7
Suicide mortality rate, per 100,000 people7.93.5
Mortality caused by road traffic injury, per 100,000 people6.416.8
Intentional homicides, per 100,000 people1.51
International tourism, number of arrivals707k54k

Government debt & reserves

StatNorth MacedoniaTonga
Central government debt, % of GDP39.5%49.2%
External debt stocks, % of GNI72%41.3%
External debt stocks$8.7B$188.7M
Short-term debt, % of total reserves40.9%0%
Total debt service, % of exports and primary income16.6%7.2%
Adjusted net savings including particulate emission damage, % of GNI15.4%9.3%
Gross savings, % of GDP33%16.5%
Gross capital formation, % of GDP33%33.4%
Total reserves including gold$3.3B$227.2M
Foreign direct investment net inflows$648.7M$15M

Exports, imports and economic structure

StatNorth MacedoniaTonga
Exports of goods and services, % of GDP60.3%22.3%
Imports of goods and services, % of GDP72.9%75.9%
Current account balance (balance of payments)-$25.6M-$28.6M
Revenue excluding grants, % of GDP26.8%25.6%
Grants excluding technical cooperation, BoP$133.8M$64.2M
Personal remittances received$344.5M$183.3M
Industry including construction value added, % of GDP23.6%17.3%
Agriculture, forestry and fishing value added, % of GDP7.2%17.2%
Charges for the use of intellectual property, payments BoP$188.8M$183
Charges for the use of intellectual property, receipts BoP$11.8M$2.3k
Expense, % of GDP27.9%31.4%
Government Expenditure, % of GDP31.1%43.7%

Compare with countries close by GDP per capita

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
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

Tonga vs

CountryGDP
per capita
Population
Fiji
$6.3k
906k
Suriname
$6.2k
563k
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
Mongolia
$4.1k
3.08M
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