Tonga vs Trinidad and Tobago: Economic Indicators Comparison

Trinidad and Tobago with a GDP of $23.8B ranked the 113th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Trinidad and Tobago and Tonga ranked 175th vs 89th and 53rd vs 113th, respectively.

Gross Domestic Product & Income

StatTongaTrinidad and Tobago
GDP$450.4M$23.8B
GDP growth, 1 year1.8%0.3%
GDP growth, 5-years average3%-1.5%
Population108k1.4M
GDP per capita$4.4k$17k
GDP per capita growth-0.87%-0.66%
Purchasing Power Parity conversion factor1.493.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.680.54
GDP per capita, PPP adjusted$6.1k$32k
GNI, Atlas method$443.3M$22.2B
GNI per capita$4.3k$16k
GNI, PPP adjusted$672.5M$43.1B
GNI per capita, PPP adjusted$6.5k$31k

Financial system and Human development

StatTongaTrinidad and Tobago
Income Tax Rate20%25%
Corporate Tax Rate25%25%
Inflation, consumer prices3.9%1.1%
Inflation, GDP deflator3.6%6.1%
Unemployment1%2.8%
Economic Freedom Index58.858.3
Personal Freedom Index5.66.88
Human Freedom Index5.66.81
Property Rights Index60.956.6
Judical Effectiveness Index26.542.1
Business Freedom Index7567.3
Fiscal Health Index95.215.9
Labor Freedom Index69.876
Investment Freedom Index4060
Financial Freedom Index2050
Trade Freedom Index7467.8
Monetary Freedom Index71.477.4
Government Spending Index42.866.5
Tax Burden Index85.282.6
Government Integrity Index44.237.4
Corruption Perceptions Index5041
Life expectancy at birth, years70.773.2
Suicide mortality rate, per 100,000 people3.513.6
Mortality caused by road traffic injury, per 100,000 people16.812.1
Intentional homicides, per 100,000 people130.9
International tourism, number of arrivals54k375k

Government debt & reserves

StatTongaTrinidad and Tobago
Central government debt, % of GDP49.2%45.3%
External debt stocks, % of GNI41.3%N/A
External debt stocks$188.7MN/A
Short-term debt, % of total reserves0%N/A
Total debt service, % of exports and primary income7.2%N/A
Adjusted net savings including particulate emission damage, % of GNI9.3%N/A
Gross savings, % of GDP16.5%N/A
Gross capital formation, % of GDP33.4%N/A
Total reserves including gold$227.2M$8.1B
Foreign direct investment net inflows$15M-$602.5M

Exports, imports and economic structure

StatTongaTrinidad and Tobago
Exports of goods and services, % of GDP22.3%N/A
Imports of goods and services, % of GDP75.9%N/A
Current account balance (balance of payments)-$28.6M$1.2B
Revenue excluding grants, % of GDP25.6%38.4%
Grants excluding technical cooperation, BoP$64.2M$2.4M
Personal remittances received$183.3M$138.7M
Industry including construction value added, % of GDP17.3%42%
Agriculture, forestry and fishing value added, % of GDP17.2%1%
Charges for the use of intellectual property, payments BoP$183$63.9M
Charges for the use of intellectual property, receipts BoP$2.3k$882k
Expense, % of GDP31.4%35.9%
Government Expenditure, % of GDP43.7%33.4%

Compare with countries close by GDP per capita

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

Trinidad and Tobago vs

CountryGDP
per capita
Population
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
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
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
Panama
$16k
4.1M
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