Adjusted savings: gross savings in Tonga
Tonga: Adjusted savings: gross savings was 4.3% in 2021. ▼ Falling
Adjusted savings: gross savings in Tonga, 1981–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
In 2021, adjusted savings: gross savings in Tonga stood at 4.3%. That is the lowest value across all 35 years on record.
Compared with earlier readings it is down 80.0% on the previous year and down 72.8% over ten years.
Over the whole period, adjusted savings: gross savings in Tonga peaked at 38.0% in 1982 and was at its lowest, 4.3%, in 2021.
That places Tonga 172nd out of 178 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
Adjusted savings: gross savings in Tonga, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1981 | 16.9% | — |
| 1982 | 38.0% | +124.8% |
| 1983 | 31.8% | -16.2% |
| 1984 | 23.9% | -24.8% |
| 1985 | 18.8% | -21.5% |
| 1986 | 22.2% | +18.5% |
| 1987 | 25.7% | +15.3% |
| 1988 | 10.7% | -58.4% |
| 1989 | 18.8% | +76.5% |
| 1990 | 25.6% | +35.8% |
| 1991 | 9.0% | -64.9% |
| 1992 | 20.4% | +127.8% |
| 1993 | 20.6% | +1.0% |
| 1994 | 13.1% | -36.7% |
| 2001 | 19.2% | +47.2% |
| 2002 | 18.9% | -1.4% |
| 2003 | 15.2% | -19.9% |
| 2004 | 16.8% | +10.5% |
| 2005 | 12.6% | -24.8% |
| 2006 | 15.1% | +19.5% |
| 2007 | 10.9% | -27.5% |
| 2008 | 8.4% | -23.1% |
| 2009 | 7.7% | -8.7% |
| 2010 | 10.9% | +42.5% |
| 2011 | 15.9% | +45.4% |
| 2012 | 20.4% | +28.0% |
| 2013 | 15.5% | -23.8% |
| 2014 | 15.5% | -0.5% |
| 2015 | 9.6% | -37.9% |
| 2016 | 14.1% | +47.1% |
| 2017 | 20.8% | +47.6% |
| 2018 | 21.0% | +0.9% |
| 2019 | 26.2% | +24.7% |
| 2020 | 21.6% | -17.5% |
| 2021 | 4.3% | -80.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 23.0% | 10.7% | 38.0% | 9 |
| 1990s | 17.7% | 9.0% | 25.6% | 5 |
| 2000s | 13.9% | 7.7% | 19.2% | 9 |
| 2010s | 17.0% | 9.6% | 26.2% | 10 |
| 2020s | 13.0% | 4.3% | 21.6% | 2 |
Countries ranked near Tonga
More economy & growth data for Tonga
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.3875 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.2 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0554 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 344.3 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.1315 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 817.4 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0462 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 287.44 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 606.89 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 30.22 % change on previous year (2024)
Frequently asked questions
- What is adjusted savings: gross savings in Tonga?
- Adjusted savings: gross savings in Tonga was 4.3% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Tonga?
- The highest recorded value was 38.0% in 1982.
- What is the lowest adjusted savings: gross savings recorded in Tonga?
- The lowest recorded value was 4.3% in 2021.
- How does Tonga rank for adjusted savings: gross savings?
- Tonga ranks 172nd out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Tonga?
- Over the last ten years it is down 72.8%. The long-run trend across the full record is falling.
- Where does this Tonga data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.