Papua New Guinea vs Tonga: Economic Indicators Comparison
Papua New Guinea with a GDP of $23.5B ranked the 114th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Papua New Guinea and Tonga ranked 32nd vs 89th and 137th vs 113th, respectively.
Gross Domestic Product & Income
| Stat |  Papua New Guinea |  Tonga |
|---|---|---|
| GDP | $23.5B | $450.4M |
| GDP growth, 1 year | 0% | 1.8% |
| GDP growth, 5-years average | 5% | 3% |
| Population | 8.3M | 108k |
| GDP per capita | $2.7k | $4.4k |
| GDP per capita growth | -2.76% | -0.87% |
| Purchasing Power Parity conversion factor | 2.06 | 1.49 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.63 | 0.68 |
| GDP per capita, PPP adjusted | $3.7k | $6.1k |
| GNI, Atlas method | $22.1B | $443.3M |
| GNI per capita | $2.6k | $4.3k |
| GNI, PPP adjusted | $36.3B | $672.5M |
| GNI per capita, PPP adjusted | $4.2k | $6.5k |
Financial system and Human development
| Stat | Papua New Guinea | Tonga |
|---|---|---|
| Income Tax Rate | 42% | 20% |
| Corporate Tax Rate | 30% | 25% |
| Inflation, consumer prices | 4.7% | 3.9% |
| Inflation, GDP deflator | 7.1% | 3.6% |
| Unemployment | 2.4% | 1% |
| Economic Freedom Index | 58.4 | 58.8 |
| Personal Freedom Index | 7.24 | 5.6 |
| Human Freedom Index | 6.99 | 5.6 |
| Property Rights Index | 54.9 | 60.9 |
| Judical Effectiveness Index | 48.4 | 26.5 |
| Business Freedom Index | 58.4 | 75 |
| Fiscal Health Index | 76.4 | 95.2 |
| Labor Freedom Index | 69.6 | 69.8 |
| Investment Freedom Index | 25 | 40 |
| Financial Freedom Index | 30 | 20 |
| Trade Freedom Index | 79.8 | 74 |
| Monetary Freedom Index | 70.7 | 71.4 |
| Government Spending Index | 86.4 | 42.8 |
| Tax Burden Index | 71.5 | 85.2 |
| Government Integrity Index | 29.7 | 44.2 |
| Corruption Perceptions Index | 28 | 50 |
| Life expectancy at birth, years | 64 | 70.7 |
| Suicide mortality rate, per 100,000 people | 6 | 3.5 |
| Mortality caused by road traffic injury, per 100,000 people | 14.2 | 16.8 |
| Intentional homicides, per 100,000 people | 7.9 | 1 |
| International tourism, number of arrivals | 140k | 54k |
Government debt & reserves
| Stat | Papua New Guinea | Tonga |
|---|---|---|
| Central government debt, % of GDP | 36.9% | 49.2% |
| External debt stocks, % of GNI | 78.4% | 41.3% |
| External debt stocks | $17.7B | $188.7M |
| Short-term debt, % of total reserves | 20.6% | 0% |
| Total debt service, % of exports and primary income | 26.1% | 7.2% |
| Adjusted net savings including particulate emission damage, % of GNI | 4.9% | 9.3% |
| Gross savings, % of GDP | 30.4% | 16.5% |
| Gross capital formation, % of GDP | 20% | 33.4% |
| Total reserves including gold | $2.2B | $227.2M |
| Foreign direct investment net inflows | $335.2M | $15M |
Exports, imports and economic structure
| Stat | Papua New Guinea | Tonga |
|---|---|---|
| Exports of goods and services, % of GDP | 72.2% | 22.3% |
| Imports of goods and services, % of GDP | 58.9% | 75.9% |
| Current account balance (balance of payments) | $5.5B | -$28.6M |
| Revenue excluding grants, % of GDP | 15.9% | 25.6% |
| Grants excluding technical cooperation, BoP | $268.9M | $64.2M |
| Personal remittances received | $2.9M | $183.3M |
| Industry including construction value added, % of GDP | 36.4% | 17.3% |
| Agriculture, forestry and fishing value added, % of GDP | 17.6% | 17.2% |
| Charges for the use of intellectual property, payments BoP | $139k | $183 |
| Charges for the use of intellectual property, receipts BoP | N/A | $2.3k |
| Expense, % of GDP | 19.1% | 31.4% |
| Government Expenditure, % of GDP | 21.3% | 43.7% |
