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
Stat | ||
---|---|---|
GDP | $450.4M | $23.8B |
GDP growth, 1 year | 1.8% | 0.3% |
GDP growth, 5-years average | 3% | -1.5% |
Population | 108k | 1.4M |
GDP per capita | $4.4k | $17k |
GDP per capita growth | -0.87% | -0.66% |
Purchasing Power Parity conversion factor | 1.49 | 3.62 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 0.68 | 0.54 |
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
Stat | ||
---|---|---|
Income Tax Rate | 20% | 25% |
Corporate Tax Rate | 25% | 25% |
Inflation, consumer prices | 3.9% | 1.1% |
Inflation, GDP deflator | 3.6% | 6.1% |
Unemployment | 1% | 2.8% |
Economic Freedom Index | 58.8 | 58.3 |
Personal Freedom Index | 5.6 | 6.88 |
Human Freedom Index | 5.6 | 6.81 |
Property Rights Index | 60.9 | 56.6 |
Judical Effectiveness Index | 26.5 | 42.1 |
Business Freedom Index | 75 | 67.3 |
Fiscal Health Index | 95.2 | 15.9 |
Labor Freedom Index | 69.8 | 76 |
Investment Freedom Index | 40 | 60 |
Financial Freedom Index | 20 | 50 |
Trade Freedom Index | 74 | 67.8 |
Monetary Freedom Index | 71.4 | 77.4 |
Government Spending Index | 42.8 | 66.5 |
Tax Burden Index | 85.2 | 82.6 |
Government Integrity Index | 44.2 | 37.4 |
Corruption Perceptions Index | 50 | 41 |
Life expectancy at birth, years | 70.7 | 73.2 |
Suicide mortality rate, per 100,000 people | 3.5 | 13.6 |
Mortality caused by road traffic injury, per 100,000 people | 16.8 | 12.1 |
Intentional homicides, per 100,000 people | 1 | 30.9 |
International tourism, number of arrivals | 54k | 375k |
Government debt & reserves
Stat | ||
---|---|---|
Central government debt, % of GDP | 49.2% | 45.3% |
External debt stocks, % of GNI | 41.3% | N/A |
External debt stocks | $188.7M | N/A |
Short-term debt, % of total reserves | 0% | N/A |
Total debt service, % of exports and primary income | 7.2% | N/A |
Adjusted net savings including particulate emission damage, % of GNI | 9.3% | N/A |
Gross savings, % of GDP | 16.5% | N/A |
Gross capital formation, % of GDP | 33.4% | N/A |
Total reserves including gold | $227.2M | $8.1B |
Foreign direct investment net inflows | $15M | -$602.5M |
Exports, imports and economic structure
Stat | ||
---|---|---|
Exports of goods and services, % of GDP | 22.3% | N/A |
Imports of goods and services, % of GDP | 75.9% | N/A |
Current account balance (balance of payments) | -$28.6M | $1.2B |
Revenue excluding grants, % of GDP | 25.6% | 38.4% |
Grants excluding technical cooperation, BoP | $64.2M | $2.4M |
Personal remittances received | $183.3M | $138.7M |
Industry including construction value added, % of GDP | 17.3% | 42% |
Agriculture, forestry and fishing value added, % of GDP | 17.2% | 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 GDP | 31.4% | 35.9% |
Government Expenditure, % of GDP | 43.7% | 33.4% |