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Tonga GDP and Economic Data

Country Report 2017 - Includes Tonga real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Tonga economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Tonga best banks and safest banks are also available.

Countries with Lowest GDP Growth 2019

Countries with Lowest GDP Growth 2019

Of the 192 countries, South Sudan grew at the lowest rate with Libya, San Marino, Yemen, Greece, Venezuela, Ukraine, Central African Republic and Puerto Rico following it in the list of the lowest growing countries.

 
 
Source
Central bank

National Reserve Bank of Tonga

Source
International Reserves

USD 0.2 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Source
Gross Domestic Product - GDP

USD 0.4 billion (2017, estimate)

Source
GDP (Purchasing Power Parity)

Intl$ 0.6 billion (2017, estimate)

Source
Real GDP growth
2006 2007 2008 2009 2010 2011 2012
-2.5% -0.6% 2.7% 3% 3.2% 1.8% -1.1%
2013 2014 2015* 2016* 2017*    
-0.6% 2.9% 3.4% 2.7% 2.4%    

*Estimate

Source
GDP per capita - current prices

USD 4,256.9 (2017, estimate)

Source
GDP per capita - PPP

Intl$ 5,565.7 (2017, estimate)

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2017
0% 0% 0% 0% N/A

*Estimate

Source
 
 
Source
GDP - composition by sector
  • agriculture: 19.2% 
  • industry: 20.6% 
  • services: 60.1%

(2016 estimate)

Source
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Source
Inflation
2013 2014 2015 2016* 2017*
1.5% 1.2% -0.1% 0.1% 1.5%

*Estimate

Source
Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

 

Source
Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2015 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-0.2% 0.4% -1.1% -1.3% -0.1%

*Estimate   

Source
Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Source
Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Source
Largest companies

N/A

Source
 
 
Source
Current account balance

USD -0.1 billion (2017 estimate)

Source
Current account balance by percentage of GDP

-11.5% (2017 estimate)

Source
Exports as percent of GDP (Exports of goods and services)

17.5% (2015)

Source
Shares in world total merchandising export

0.0% (2015)​

Source
Shares in world total commercial services export

0.001% (2015)

Source
Total exports

USD 35.0 million (2016 estimate)

Source
Export commodities

Squash, fish, vanilla beans, root crops

Source
Total imports

USD 0.3 billion (2016 estimate)

Source
 
 
Source
Import commodities

Foodstuffs, machinery and transport equipment, fuels, chemicals

Source
Exports - major partners

Japan 16%, US 15.4%, Fiji 12.8%, NZ 12.5%, South Korea 11%, Samoa 10.7%, Australia 7.5%, American Samoa 6.8% (2015)

Source
Imports - major partners

Fiji 37.7%, NZ 21.2%, China 14.2%, US 6.4%, Australia 4.5% (2015)

Source
FDI inflows
2013 2014 2015
USD 51 million USD 56 million USD 13 million
Source
FDI outflows
2013 2014 2015
USD 7.5 million USD 11.5 million USD 5.3 million
Source
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Source
Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

Source
Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 85 out of 190 countries (2017)

Subcategories:

Starting a business: 55 out of 190 countries

Enforcing Contracts: 92 out of 190 countries

Registering Property: 158 out of 190 countries

Getting Credit: 44 out of 190 countries

Protecting Minority Investors: 123 out of 190 countries

Trading Across Borders: 100 out of 190 countries

Paying Taxes: 80 out of 190 countries

Dealing with Construction Permits: 14 out of 190 countries

Getting Electricity: 67 out of 190 countries

Resolving Insolvency: 132 out of 190 countries

Source
Global competitiveness ranking

N/A

Source
Index of Economic Freedom

Ranking: 95 / Score: 59.63 (Mostly unfree) (2016)

(100=totally free 0=totally repressed)

Source
 
 
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Time zone

UTC+13

Source
Total area

747 sq km

Source
Capital

Nuku'alofa

Source
Currency

pa'anga (TOP)

Source
Government type

Constitutional monarchy

Source
Languages

English and Tongan 87%, Tongan (official) 10.7%, English (official) 1.2%, other 1.1%, unspecified 0.03% (2006 est.)

Source
Religions

Protestant 64.9% (includes Free Wesleyan Church 37.3%, Free Church of Tonga 11.4%, Church of Tonga 7.2%, Tokaikolo Christian Church 2.6%, Assembly of God 2.3%, Seventh Day Adventist 2.2%, Constitutional Church of Tonga 0.9%, Anglican 0.8% and Full Gospel Church 0.2%), Mormon 16.8%, Roman Catholic 15.6%, other 1.1%, none 0.03%, unspecified 1.7% (2006 est.)

Source
Total population
1990 2000 2010 2016* 2021*
0.095 million 0.099 million 0.103 million 0.105 million 0.106 million

*Estimate

Source
 
 
Source
Urban population as % of total population
1960 1980 2000 2015
18% 21% 23% 24%
Source
Population median age

22.6 years (2016 estimate)

Source
Population growth rate

-0.01% (2016 estimate)

Source
Life expectancy

76.2 years (2016 estimate)

Source
Literacy

Total population: 99.4%
Male: 99.3%
Female: 99.4% (2015 est.)

(can read and write Tongan and/or English)

Source
% of population living on less than $3.10 a day

N/A

Source
Inequality of wealth distribution (Gini index)

N/A

Source
Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2017)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 12.43%   Mobile 69.09% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Source
Internet users as % of total population

45% (2015)

Source
Mercer Cost of living index

N/A

Source
CO2 emissions

2.0 (2013)

Source

World's Best Subcustodian Banks

2004
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