Annual growth of the gross capital formation (%) in Tonga
Tonga: Annual growth of the gross capital formation (%) was 3.1% in 2023. ◆ Volatile
Annual growth of the gross capital formation in Tonga, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2023, annual growth of the gross capital formation in Tonga stood at 3.1%.
Compared with earlier readings it is up 120.5% on the previous year and up 110.1% over ten years.
Over the whole period, annual growth of the gross capital formation in Tonga peaked at 31.0% in 2021 and was at its lowest, -30.3%, in 2013.
Tonga ranks 90th of 175 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation (%) in Tonga, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -9.2% | — |
| 2001 | 15.3% | -265.7% |
| 2002 | 0.0% | -100.0% |
| 2003 | 11.7% | — |
| 2004 | -17.3% | -247.4% |
| 2005 | -0.6% | -96.8% |
| 2006 | 3.6% | -750.0% |
| 2007 | -7.0% | -293.2% |
| 2008 | -7.9% | +12.9% |
| 2009 | 11.2% | -242.2% |
| 2010 | 29.0% | +159.2% |
| 2011 | 5.9% | -79.6% |
| 2012 | 22.5% | +280.2% |
| 2013 | -30.3% | -234.5% |
| 2014 | 8.6% | -128.5% |
| 2015 | 11.1% | +28.4% |
| 2016 | 9.7% | -12.7% |
| 2017 | 18.9% | +95.5% |
| 2018 | -23.2% | -222.8% |
| 2019 | 13.5% | -158.1% |
| 2020 | -6.4% | -147.4% |
| 2021 | 31.0% | -586.2% |
| 2022 | -15.0% | -148.3% |
| 2023 | 3.1% | -120.5% |
Tonga compared with similar countries
- Tonga's 3.1% is below the median for upper middle income countries, which is 6.3%, 48% of the median. (45 countries reporting)
- Tonga's 3.1% is below the median for East Asia & Pacific, which is 3.1%, 99% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.0% | -17.3% | 15.3% | 10 |
| 2010s | 6.6% | -30.3% | 29.0% | 10 |
| 2020s | 3.2% | -15.0% | 31.0% | 4 |
Countries ranked near Tonga
More economy & growth data for Tonga
- Real gdp growth, annual growth rate -38.46 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0382 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 250.19 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3665 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0279 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 182.69 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Tonga?
- Annual growth of the gross capital formation in Tonga was 3.1% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Tonga?
- The highest recorded value was 31.0% in 2021.
- What is the lowest annual growth of the gross capital formation recorded in Tonga?
- The lowest recorded value was -30.3% in 2013.
- How does Tonga rank for annual growth of the gross capital formation?
- Tonga ranks 90th out of 175 countries with data for 2023.
- Is annual growth of the gross capital formation rising or falling in Tonga?
- Over the last ten years it is up 110.1%. The long-run trend across the full record is volatile.
- Where does this Tonga data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
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