Tonga vs Vanuatu: Economic Indicators Comparison

Vanuatu with a GDP of $914.3M ranked the 186th largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Vanuatu and Tonga ranked 107th vs 89th and 133rd vs 113th, respectively.

Gross Domestic Product & Income

StatTongaVanuatu
GDP$450.4M$914.3M
GDP growth, 1 year1.8%3.2%
GDP growth, 5-years average3%2.7%
Population108k276k
GDP per capita$4.4k$3.1k
GDP per capita growth-0.87%0.67%
Purchasing Power Parity conversion factor1.49106.84
Price level ratio of PPP conversion factor GDP to market exchange rate0.680.97
GDP per capita, PPP adjusted$6.1k$2.9k
GNI, Atlas method$443.3M$915.5M
GNI per capita$4.3k$3.1k
GNI, PPP adjusted$672.5M$951.3M
GNI per capita, PPP adjusted$6.5k$3.3k

Financial system and Human development

StatTongaVanuatu
Income Tax Rate20%0%
Corporate Tax Rate25%0%
Inflation, consumer prices3.9%2.8%
Inflation, GDP deflator3.6%2.9%
Unemployment1%5.4%
Economic Freedom Index58.860.7
Personal Freedom Index5.66.7
Human Freedom Index5.66.7
Property Rights Index60.968.3
Judical Effectiveness Index26.536.1
Business Freedom Index7551.8
Fiscal Health Index95.278.4
Labor Freedom Index69.854.6
Investment Freedom Index4065
Financial Freedom Index2040
Trade Freedom Index7463.4
Monetary Freedom Index71.474.6
Government Spending Index42.861.1
Tax Burden Index85.297.1
Government Integrity Index44.237.4
Corruption Perceptions Index5046
Life expectancy at birth, years70.770.2
Suicide mortality rate, per 100,000 people3.54.5
Mortality caused by road traffic injury, per 100,000 people16.815.9
Intentional homicides, per 100,000 people12.1
International tourism, number of arrivals54k116k

Government debt & reserves

StatTongaVanuatu
Central government debt, % of GDP49.2%50.5%
External debt stocks, % of GNI41.3%45.9%
External debt stocks$188.7M$402.2M
Short-term debt, % of total reserves0%10.7%
Total debt service, % of exports and primary income7.2%2.1%
Adjusted net savings including particulate emission damage, % of GNI9.3%20.8%
Gross savings, % of GDP16.5%31.8%
Gross capital formation, % of GDP33.4%26.4%
Total reserves including gold$227.2M$420.6M
Foreign direct investment net inflows$15M$37.6M

Exports, imports and economic structure

StatTongaVanuatu
Exports of goods and services, % of GDP22.3%48.6%
Imports of goods and services, % of GDP75.9%49.4%
Current account balance (balance of payments)-$28.6M$85.4M
Revenue excluding grants, % of GDP25.6%30.3%
Grants excluding technical cooperation, BoP$64.2M$57.9M
Personal remittances received$183.3M$35.2M
Industry including construction value added, % of GDP17.3%11.1%
Agriculture, forestry and fishing value added, % of GDP17.2%25.8%
Charges for the use of intellectual property, payments BoP$183$543k
Charges for the use of intellectual property, receipts BoP$2.3k$718k
Expense, % of GDP31.4%25.6%
Government Expenditure, % of GDP43.7%36%

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

Vanuatu vs

CountryGDP
per capita
Population
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
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M