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 174 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% |
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
- 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)
- Gross capital formation (constant 2015 US$), annual growth rate 11.14 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2326 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 1,446 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 2.44 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.6068 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 3,772 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 2.98 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 1.44 current LCU per US$ of GDP (2024)
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 174 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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