Panama vs Tonga: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Panama and Tonga ranked 33rd vs 89th and 61st vs 113th, respectively.

Gross Domestic Product & Income

StatPanamaTonga
GDP$65.1B$450.4M
GDP growth, 1 year3.9%1.8%
GDP growth, 5-years average5%3%
Population4.1M108k
GDP per capita$16k$4.4k
GDP per capita growth1.94%-0.87%
Purchasing Power Parity conversion factor0.611.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.610.68
GDP per capita, PPP adjusted$26k$6.1k
GNI, Atlas method$60B$443.3M
GNI per capita$14k$4.3k
GNI, PPP adjusted$98.4B$672.5M
GNI per capita, PPP adjusted$24k$6.5k

Financial system and Human development

StatPanamaTonga
Income Tax Rate25%20%
Corporate Tax Rate25%25%
Inflation, consumer prices0.8%3.9%
Inflation, GDP deflator0.7%3.6%
Unemployment3.9%1%
Economic Freedom Index67.258.8
Personal Freedom Index7.735.6
Human Freedom Index7.535.6
Property Rights Index58.860.9
Judical Effectiveness Index3026.5
Business Freedom Index70.875
Fiscal Health Index91.295.2
Labor Freedom Index43.369.8
Investment Freedom Index7540
Financial Freedom Index7020
Trade Freedom Index79.274
Monetary Freedom Index79.471.4
Government Spending Index85.742.8
Tax Burden Index85.385.2
Government Integrity Index37.244.2
Corruption Perceptions Index3750
Life expectancy at birth, years78.170.7
Suicide mortality rate, per 100,000 people4.33.5
Mortality caused by road traffic injury, per 100,000 people14.316.8
Intentional homicides, per 100,000 people9.71
International tourism, number of arrivals1.8M54k

Government debt & reserves

StatPanamaTonga
Central government debt, % of GDP39.4%49.2%
External debt stocks, % of GNIN/A41.3%
External debt stocksN/A$188.7M
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary incomeN/A7.2%
Adjusted net savings including particulate emission damage, % of GNI25.3%9.3%
Gross savings, % of GDP29.1%16.5%
Gross capital formation, % of GDP41.7%33.4%
Total reserves including gold$2.1B$227.2M
Foreign direct investment net inflows$5.9B$15M

Exports, imports and economic structure

StatPanamaTonga
Exports of goods and services, % of GDP42.3%22.3%
Imports of goods and services, % of GDP45.3%75.9%
Current account balance (balance of payments)-$6.8B-$28.6M
Revenue excluding grants, % of GDPN/A25.6%
Grants excluding technical cooperation, BoP$22.3M$64.2M
Personal remittances received$537.9M$183.3M
Industry including construction value added, % of GDP29.2%17.3%
Agriculture, forestry and fishing value added, % of GDP2.2%17.2%
Charges for the use of intellectual property, payments BoP$39.4M$183
Charges for the use of intellectual property, receipts BoP$21.7M$2.3k
Expense, % of GDPN/A31.4%
Government Expenditure, % of GDP21.8%43.7%

Compare with countries close by GDP per capita

Panama vs

CountryGDP
per capita
Population
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B

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
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