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Economy of Slovenia vs Tonga compared: GDP & Debt

Updated on by Georank team

Slovenia has a GDP of $73B compared to $591M for Tonga, ranking 86/197 and 191/197 by economy size, respectively.

Slovenia has $48.6B in government debt (66.6% of GDP), compared to $256M (37% of GDP) in Tonga.

Slovenia vs Tonga GDP by year

Slovenia
Tonga
1x
Year GDP, current $
Slovenia Tonga
2024 $72,972,015,197 -
2023 $69,255,264,238 $591,139,749
2022 $59,899,117,741 $556,514,555
2021 $61,540,813,362 $519,306,353
2020 $53,384,760,135 $506,571,468
2019 $53,909,922,736 $506,031,239
2018 $53,689,067,640 $493,530,783
2017 $48,153,200,135 $459,976,850
2016 $44,290,685,824 $420,828,262
2015 $42,709,468,275 $437,525,514
2014 $49,514,466,380 $440,997,738
2013 $47,867,056,859 $451,788,498
2012 $46,167,053,954 $471,122,971
2011 $51,199,194,599 $414,143,828
2010 $47,793,117,241 $366,887,375
2009 $49,975,540,955 $312,415,028
2008 $55,509,332,322 $344,438,844
2007 $47,880,266,543 $298,519,623
2006 $39,260,368,837 $292,232,703
2005 $35,947,936,824 $261,823,805
2004 $34,156,553,313 $230,678,011
2003 $29,360,575,032 $202,246,591
2002 $23,214,593,516 $182,764,281
2001 $20,668,868,707 $181,117,230
2000 $20,159,190,702 $204,848,488
1999 $22,609,669,084 $199,208,718
1998 $22,058,635,314 $191,504,893
1997 $20,726,878,752 $214,991,452
1996 $21,470,699,363 $222,100,576
1995 $21,367,422,159 $208,871,666
1994 $16,400,767,070 $195,990,986
1993 $14,449,298,372 $138,489,884
1992 $14,277,261,541 $137,066,291
1991 $14,454,495,059 $132,201,141
1990 $19,832,029,087 $113,563,822
1989 - $106,344,855
1988 - $106,657,267
1987 - $81,667,133
1986 - $68,195,856
1985 - $60,058,663
1984 - $64,248,355
1983 - $60,863,964
1982 - $62,068,161
1981 - $62,242,013
1980 - $53,260,077
1979 - $44,667,002
1978 - $41,567,472
1977 - $34,139,388
1976 - $30,036,417
1975 - $32,506,742

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

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

GDP per capita in Slovenia vs Tonga by year

Slovenia
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Slovenia Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $34,301 $57,186 - -
2023 $32,660 $56,064 $5,652 $7,803
2022 $28,360 $52,347 $5,298 $7,296
2021 $29,193 $45,914 $4,923 $6,929
2020 $25,392 $41,767 $4,792 $6,676
2019 $25,814 $42,373 $4,789 $6,473
2018 $25,888 $38,620 $4,675 $6,393
2017 $23,303 $36,180 $4,366 $6,229
2016 $21,448 $33,575 $3,988 $5,920
2015 $20,697 $31,336 $4,124 $5,472
2014 $24,013 $30,572 $4,137 $5,336
2013 $23,237 $29,634 $4,219 $5,120
2012 $22,442 $28,787 $4,384 $4,996
2011 $24,941 $28,716 $3,850 $4,855
2010 $23,330 $27,579 $3,416 $4,465
2009 $24,502 $27,229 $2,914 $4,384
2008 $27,462 $29,461 $3,218 $4,600
2007 $23,725 $27,468 $2,797 $4,316
2006 $19,563 $25,571 $2,750 $4,327
2005 $17,970 $23,682 $2,478 $4,315
2004 $17,104 $22,588 $2,195 $4,235
2003 $14,712 $20,916 $1,936 $4,231
2002 $11,639 $20,004 $1,759 $4,171
2001 $10,376 $18,763 $1,754 $3,955
2000 $10,136 $17,892 $1,995 $3,834
1999 $11,401 $17,007 $1,952 $3,636
1998 $11,132 $15,994 $1,889 $3,527
1997 $10,437 $15,257 $2,136 $3,434
1996 $10,797 $14,284 $2,215 $3,410
1995 $10,738 $13,637 $2,084 $3,347
1994 $8,244 $13,975 $1,957 $3,088
1993 $7,255 $12,976 $1,383 $2,882
1992 $7,151 $12,296 $1,370 $2,716
1991 $7,229 $12,698 $1,323 $2,652
1990 $9,925 $13,491 $1,139 $2,416
1989 - - $1,070 -
1988 - - $1,078 -
1987 - - $830 -
1986 - - $696 -
1985 - - $613 -
1984 - - $656 -
1983 - - $621 -
1982 - - $633 -
1981 - - $636 -
1980 - - $545 -
1979 - - $458 -
1978 - - $428 -
1977 - - $353 -
1976 - - $315 -
1975 - - $349 -

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

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

Slovenia's GDP per capita is $34,301, ranking 34/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Slovenia ranks 37th at $57,186, while Tonga ranks 144th at $7,803.

Economic indicators

Slovenia Tonga
Gross domestic product
$73B
2024
$591M
2023
GDP rank
86/197
2024
191/197
2023
GDP growth
1.73%
2023-2024
2.79%
2022-2023
GDP per capita
$34,301
2024
$5,652
2023
GDP per capita rank
34/197
2024
115/197
2023
GDP per capita, PPP
$57,186
2024
$7,803
2023
GDP per capita PPP rank
37/197
2024
144/197
2023
Government debt
$48.6B
2024
$256M
2023
Debt-to-GDP ratio
66.6%
2024
37%
2024
Government debt per person
$22,842
2024
$2,445
2023
Government debt per person rank
29/185
2024
111/185
2023
Average annual personal income after taxes
$22,215
2026
$3,886
2026
Market capitalization of domestic companies
$11.4B
2024
n/a
Income share by richest 10%
20.6%
2023
22%
2021
Income share by poorest 10%
4.1%
2023
4%
2021
Government expenditure, % of GDP
46.5%
2024
51.3%
2024
Consumer prices inflation
1.97%
2023-2024
3.18%
2023-2024
Unemployment rate
3.7%
2024
1.65%
2023
Population
2124138
103309

Spending and national debt comparison by year

Slovenia
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Slovenia Tonga
Government spending Government debt Government spending Government debt
2024 46.5% 66.6% 51.3% 37%
2023 46.4% 68.3% 48.2% 43.3%
2022 47.7% 72.8% 44.4% 43.2%
2021 49.9% 74.8% 44.6% 43%
2020 51.8% 80.2% 37.9% 42.6%
2019 43.8% 66% 39.9% 42.8%
2018 44.1% 71% 39.6% 45.8%
2017 44.6% 74.9% 39.7% 44.7%
2016 46.9% 79.4% 37.2% 49.4%
2015 49.5% 83.4% 37.4% 51.1%
2014 50.6% 81.1% 31.5% 47.4%
2013 57.7% 70.8% 34.3% 48.9%
2012 50% 54.1% 32% 60%
2011 51.4% 46.8% 32.6% 51.9%
2010 50.7% 38.6% 28.4% 44.7%
2009 50% 34.9% 23.9% 39.7%
2008 45.2% 21.9% 24% 34%
2007 43.5% 22.9% 23.2% 37.8%
2006 45.7% 26.2% 25.6% 39.6%
2005 46.7% 26.6% 19.8% 43.3%
2004 46.9% 27.1% 19.3% 52.2%
2003 47.6% 27% 20% 56.2%
2002 47.8% 27.7% 21.3% 60.7%
2001 49.2% 26.3% 19.1% 53.4%
2000 47.8% 26.1% 20% 43.6%
1999 47.2% 23.8% 18.8% 38.4%
1998 46.4% 22.8% - -
1997 45.4% 22.1% - -
1996 45.2% 21.6% - -
1995 53% 18.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Slovenia's government spending was $33.9B, accounting for 46.5% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 66.6% in Slovenia and 37% in Tonga, ranking 66/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Slovenia

Tonga
1x
Year Deficit/surplus, % of GDP
Slovenia Tonga
2024 -0.93% 4.17%
2023 -2.59% 6.14%
2022 -3.02% -0.1%
2021 -4.61% -0.87%
2020 -7.68% 5.25%
2019 0.68% 3.28%
2018 0.9% 2.92%
2017 0.05% 3.58%
2016 -2% 1.47%
2015 -2.84% -2.75%
2014 -4.53% 6.38%
2013 -11.2% -1.3%
2012 -4.2% -1.74%
2011 -6.69% -6.02%
2010 -5.56% -1.22%
2009 -5.87% 6.85%
2008 -1.44% 2.14%
2007 -0.08% 5.39%
2006 -1.26% 1.34%
2005 -1.38% 4.23%
2004 -1.98% 4.23%
2003 -2.66% 2.37%
2002 -2.47% 2.59%
2001 -4.58% 2.23%
2000 -3.77% 1.35%
1999 -3.04% 1.55%
1998 -2.39% -
1997 -2.37% -
1996 -1.16% -
1995 -8.19% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2023, Slovenia's government deficit, the difference between spending and revenue, was $1.79B, equivalent to 2.59% of GDP. This compares to Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Slovenia recorded a fiscal deficit in 22 of those years, while Tonga ran a deficit in 7 years. On average, Slovenia posted an annual deficit equal to 3.27% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Slovenia

Tonga
1x
Year Consumer prices inflation
Slovenia Tonga
2024 1.97% 3.18%
2023 7.45% 6.35%
2022 8.83% 11%
2021 1.92% 5.64%
2020 -0.05% -0.35%
2019 1.63% 1.18%
2018 1.74% 5.03%
2017 1.43% 7.52%
2016 -0.05% 2.58%
2015 -0.53% -1.05%
2014 0.2% 2.51%
2013 1.77% 0.78%
2012 2.6% 1.15%
2011 1.8% 6.27%
2010 1.8% 3.53%
2009 0.84% 1.43%
2008 5.65% 10.4%
2007 3.66% 5.84%
2006 2.46% 6.15%
2005 2.45% 8.67%
2004 3.59% 11%
2003 5.54% 11.6%
2002 7.48% 10.4%
2001 8.38% 8.29%
2000 8.91% 6.33%
1999 6.16% 4.46%
1998 7.89% 3.27%
1997 8.36% 2.12%

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

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

Over the past 28 years, Slovenia has recorded an average annual inflation rate of 3.71%, compared with 5.19% in Tonga. In 2024, inflation was 1.97% in Slovenia and 3.18% in Tonga.

Top exports between countries

Slovenia
Export category Export value
Tonga
Export category Export value
Animal & marine products $1K

Balance of trade

Slovenia Tonga
Current account balance
$3.32B
2024
-$43.5M
2024
Current account balance ranking
37/190
2024
83/190
2024
Current account balance, % of GDP
+4.55%
2024
-7.93%
2023
Goods imports
$45.2B
2024
$232M
2024
Goods exports
$45.6B
2024
$10.8M
2024
Service imports
$9.52B
2024
$161M
2024
Service exports
$13.6B
2024
$93.6M
2024
Imports of goods and services, % of GDP
74.7%
2024
64.9%
2023
Exports of goods and services, % of GDP
80.9%
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.

Slovenia Tonga
Economic freedom 69.7 58.9
Economic freedom ranking 40/197 107/197
Property rights 87.6 71.1
Government integrity 66.1 45.1
Judicial effectiveness 91.6 64.9
Tax burden 55.5 85.6
Government spending 34.1 31
Fiscal health 83.5 97.3
Business freedom 78.7 59.2
Labor freedom 62.7 55.9
Monetary freedom 77.5 61
Trade freedom 79.4 75.4
Investment freedom 70 40
Financial freedom 50 20

Economic freedom comparison by year

Slovenia
Tonga
1x
Year Economic freedom index
Slovenia Tonga
2026 69.7 58.9
2025 68.3 58.5
2024 65.9 59.2
2023 68.5 60
2022 70.5 60.8
2021 68.3 57.5
2020 67.8 58.8
2019 65.5 57.7
2018 64.8 63.1
2017 59.2 63
2016 60.6 59.6
2015 60.3 59.3
2014 62.7 58.2
2013 61.7 56
2012 62.9 57
2011 64.6 55.8
2010 64.7 53.4
2009 62.9 54.1
2008 60.2 -
2007 59.6 -
2006 61.9 -
2005 59.6 -
2004 59.2 -
2003 57.7 -
2002 57.8 -
2001 61.8 -
2000 58.3 -
1999 61.3 -
1998 60.7 -
1997 55.6 -
1996 50.4 -

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

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

The Economic Freedom Index for Slovenia is 69.7, ranking 40/197, 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

Slovenia Tonga
Services, % of GDP
57.9%
2024
50%
2023
Industry, % of GDP
29.1%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
1.54%
2024
19%
2023
GNI, Atlas method
$67.6B
2024
$619M
2023
GNI per capita, PPP
$56,520
2024
$8,400
2023
Total reserves including gold
$2.83B
2024
$377M
2024
Total reserves ranking
118/177
2024
163/177
2024
Net foreign direct investment
-$405M
2024
$13.3M
2024
Net inflows of foreign direct investment
$1.87B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$1.46B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
2.76%
2023
Poverty at national poverty lines
12.7%
2022
20.6%
2021
Gross capital formation, % of GDP
21.5%
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/slovenia/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. TradeMap (2021, retrieved 2026-02-08)

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.