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 |  Tonga |  Trinidad and Tobago |
|---|---|---|
| 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 | Tonga | Trinidad and Tobago |
|---|---|---|
| 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 | Tonga | Trinidad and Tobago |
|---|---|---|
| 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 | Tonga | Trinidad and Tobago |
|---|---|---|
| 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% |
