Serbia vs Tonga: Economic Indicators Comparison

Serbia with a GDP of $50.6B ranked the 84th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Serbia and Tonga ranked 131st vs 89th and 90th vs 113th, respectively.

Gross Domestic Product & Income

StatSerbiaTonga
GDP$50.6B$450.4M
GDP growth, 1 year4.4%1.8%
GDP growth, 5-years average2%3%
Population7M108k
GDP per capita$7.2k$4.4k
GDP per capita growth4.97%-0.87%
Purchasing Power Parity conversion factor41.641.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.68
GDP per capita, PPP adjusted$18k$6.1k
GNI, Atlas method$44.6B$443.3M
GNI per capita$6.4k$4.3k
GNI, PPP adjusted$115.5B$672.5M
GNI per capita, PPP adjusted$17k$6.5k

Financial system and Human development

StatSerbiaTonga
Income Tax Rate10%20%
Corporate Tax Rate15%25%
Inflation, consumer prices2%3.9%
Inflation, GDP deflator2.1%3.6%
Unemployment13.5%1%
Economic Freedom Index6658.8
Personal Freedom Index7.845.6
Human Freedom Index7.195.6
Property Rights Index55.460.9
Judical Effectiveness Index46.826.5
Business Freedom Index72.675
Fiscal Health Index94.195.2
Labor Freedom Index66.969.8
Investment Freedom Index7040
Financial Freedom Index5020
Trade Freedom Index7874
Monetary Freedom Index80.771.4
Government Spending Index49.742.8
Tax Burden Index83.785.2
Government Integrity Index4444.2
Corruption Perceptions Index3950
Life expectancy at birth, years76.170.7
Suicide mortality rate, per 100,000 people15.63.5
Mortality caused by road traffic injury, per 100,000 people7.416.8
Intentional homicides, per 100,000 people1.11
International tourism, number of arrivals1.7M54k

Government debt & reserves

StatSerbiaTonga
Central government debt, % of GDP54.3%49.2%
External debt stocks, % of GNI71.7%41.3%
External debt stocks$34.3B$188.7M
Short-term debt, % of total reserves16.4%0%
Total debt service, % of exports and primary income22.3%7.2%
Adjusted net savings including particulate emission damage, % of GNI-3.2%9.3%
Gross savings, % of GDP18.6%16.5%
Gross capital formation, % of GDP22.7%33.4%
Total reserves including gold$12.9B$227.2M
Foreign direct investment net inflows$4.1B$15M

Exports, imports and economic structure

StatSerbiaTonga
Exports of goods and services, % of GDP50.8%22.3%
Imports of goods and services, % of GDP59.3%75.9%
Current account balance (balance of payments)-$2.6B-$28.6M
Revenue excluding grants, % of GDP32.8%25.6%
Grants excluding technical cooperation, BoP$334.6M$64.2M
Personal remittances received$4.3B$183.3M
Industry including construction value added, % of GDP25.5%17.3%
Agriculture, forestry and fishing value added, % of GDP6.3%17.2%
Charges for the use of intellectual property, payments BoP$289.7M$183
Charges for the use of intellectual property, receipts BoP$57.9M$2.3k
Expense, % of GDP36.9%31.4%
Government Expenditure, % of GDP40.9%43.7%

Compare with countries close by GDP per capita

Serbia vs

CountryGDP
per capita
Population
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
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
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
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

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