Tonga vs Venezuela: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Tonga |  Venezuela |
|---|---|---|
| GDP | $450.4M | $482.4B |
| GDP growth, 1 year | 1.8% | -18% |
| GDP growth, 5-years average | 3% | -12.2% |
| Population | 108k | 28.5M |
| GDP per capita | $4.4k | $16k |
| GDP per capita growth | -0.87% | -18.17% |
| Purchasing Power Parity conversion factor | 1.49 | 5.57 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.68 | 0.89 |
| GDP per capita, PPP adjusted | $6.1k | $8.8k |
| GNI, Atlas method | $443.3M | $392.9B |
| GNI per capita | $4.3k | $13k |
| GNI, PPP adjusted | $672.5M | $352.8B |
| GNI per capita, PPP adjusted | $6.5k | $12k |
Financial system and Human development
| Stat | Tonga | Venezuela |
|---|---|---|
| Income Tax Rate | 20% | 34% |
| Corporate Tax Rate | 25% | 34% |
| Inflation, consumer prices | 3.9% | 929789.5% |
| Inflation, GDP deflator | 3.6% | 748.1% |
| Unemployment | 1% | 8.4% |
| Economic Freedom Index | 58.8 | 25.2 |
| Personal Freedom Index | 5.6 | 6.33 |
| Human Freedom Index | 5.6 | 5.27 |
| Property Rights Index | 60.9 | 10.1 |
| Judical Effectiveness Index | 26.5 | 12.6 |
| Business Freedom Index | 75 | 30.8 |
| Fiscal Health Index | 95.2 | 0 |
| Labor Freedom Index | 69.8 | 27.7 |
| Investment Freedom Index | 40 | 0 |
| Financial Freedom Index | 20 | 10 |
| Trade Freedom Index | 74 | 58 |
| Monetary Freedom Index | 71.4 | 0 |
| Government Spending Index | 42.8 | 66.3 |
| Tax Burden Index | 85.2 | 72.8 |
| Government Integrity Index | 44.2 | 14.6 |
| Corruption Perceptions Index | 50 | 18 |
| Life expectancy at birth, years | 70.7 | 72.2 |
| Suicide mortality rate, per 100,000 people | 3.5 | 3.7 |
| Mortality caused by road traffic injury, per 100,000 people | 16.8 | 33.7 |
| Intentional homicides, per 100,000 people | 1 | 56.3 |
| International tourism, number of arrivals | 54k | 427k |
Government debt & reserves
| Stat | Tonga | Venezuela |
|---|---|---|
| Central government debt, % of GDP | 49.2% | 175.6% |
| External debt stocks, % of GNI | 41.3% | 33.9% |
| External debt stocks | $188.7M | $154.9B |
| Short-term debt, % of total reserves | 0% | 421.1% |
| Total debt service, % of exports and primary income | 7.2% | 69% |
| Adjusted net savings including particulate emission damage, % of GNI | 9.3% | 7.2% |
| Gross savings, % of GDP | 16.5% | 8.9% |
| Gross capital formation, % of GDP | 33.4% | -3.7% |
| Total reserves including gold | $227.2M | $9.8B |
| Foreign direct investment net inflows | $15M | $956M |
Exports, imports and economic structure
| Stat | Tonga | Venezuela |
|---|---|---|
| Exports of goods and services, % of GDP | 22.3% | 30.7% |
| Imports of goods and services, % of GDP | 75.9% | 36.4% |
| Current account balance (balance of payments) | -$28.6M | -$3.9B |
| Revenue excluding grants, % of GDP | 25.6% | N/A |
| Grants excluding technical cooperation, BoP | $64.2M | $125.8M |
| Personal remittances received | $183.3M | $297.1M |
| Industry including construction value added, % of GDP | 17.3% | 37.2% |
| Agriculture, forestry and fishing value added, % of GDP | 17.2% | 5% |
| Charges for the use of intellectual property, payments BoP | $183 | $258M |
| Charges for the use of intellectual property, receipts BoP | $2.3k | N/A |
| Expense, % of GDP | 31.4% | N/A |
| Government Expenditure, % of GDP | 43.7% | 33.5% |
