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: World Bank – processed by Our World in Data. Measured in %.
Analysis
Tonga recorded 3.1% for annual growth of the gross capital formation in 2023.
That represents a change of 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.
That places Tonga 86th out of 167 countries with data for 2023, putting it 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% | -754.5% |
| 2007 | -7.0% | -293.3% |
| 2008 | -7.9% | +12.9% |
| 2009 | 11.2% | -242.2% |
| 2010 | 29.0% | +159.1% |
| 2011 | 5.9% | -79.6% |
| 2012 | 22.5% | +280.4% |
| 2013 | -30.3% | -234.5% |
| 2014 | 8.6% | -128.4% |
| 2015 | 11.1% | +28.4% |
| 2016 | 9.7% | -12.7% |
| 2017 | 18.9% | +95.4% |
| 2018 | -23.2% | -222.8% |
| 2019 | 13.5% | -158.1% |
| 2020 | -6.4% | -147.4% |
| 2021 | 31.0% | -585.9% |
| 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)
- Industry (including construction), value added (constant 2015 US$) 28.28 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1674 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 1,041 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 28.28 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.3334 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 2,072 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 8.54 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4954 current US$ 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 World Bank – processed by Our World in Data.
- 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 86th out of 167 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 World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).