Current account balance as a proportion of GDP in Tonga
Tonga: Current account balance as a proportion of GDP was -6.7% in 2024. ◆ Volatile
Latest (2024)
-6.7%
Change on year
up 15.3%
World rank
137th
of 177 countries
All-time high
-3.3%
in 2004
All-time low
-30.0%
in 2009
Years of data
24
2001–2024
Current account balance as a proportion of GDP in Tonga, 2001–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, current account balance as a proportion of gdp in Tonga stood at -6.7%.
That represents a change of up 15.3% on the previous year and down 7.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Tonga peaked at -3.3% in 2004 and was at its lowest, -30.0%, in 2009.
Tonga ranks 137th of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Tonga, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | -7.3% | — |
| 2002 | -3.5% | -52.3% |
| 2003 | -6.3% | +82.9% |
| 2004 | -3.3% | -48.5% |
| 2005 | -9.3% | +184.4% |
| 2006 | -8.1% | -12.7% |
| 2007 | -16.5% | +103.4% |
| 2008 | -18.2% | +10.4% |
| 2009 | -30.0% | +65.0% |
| 2010 | -23.8% | -20.7% |
| 2011 | -20.3% | -15.0% |
| 2012 | -14.8% | -26.8% |
| 2013 | -9.5% | -36.1% |
| 2014 | -6.3% | -33.9% |
| 2015 | -10.9% | +74.4% |
| 2016 | -8.2% | -24.5% |
| 2017 | -7.6% | -7.9% |
| 2018 | -7.2% | -4.6% |
| 2019 | -7.8% | +7.3% |
| 2020 | -6.6% | -14.7% |
| 2021 | -9.5% | +44.0% |
| 2022 | -8.5% | -11.4% |
| 2023 | -7.9% | -6.2% |
| 2024 | -6.7% | -15.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -11.4% | -30.0% | -3.3% | 9 |
| 2010s | -11.6% | -23.8% | -6.3% | 10 |
| 2020s | -7.9% | -9.5% | -6.6% | 5 |
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 (constant LCU), per capita 606.89 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 30.22 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.1767 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 1,098 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual 30.9 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 0.4196 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 2,608 current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) 28.28 % change on previous year (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Tonga?
- Current account balance as a proportion of gdp in Tonga was -6.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Tonga?
- The highest recorded value was -3.3% in 2004.
- What is the lowest current account balance as a proportion of gdp recorded in Tonga?
- The lowest recorded value was -30.0% in 2009.
- How does Tonga rank for current account balance as a proportion of gdp?
- Tonga ranks 137th out of 177 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Tonga?
- Over the last ten years it is down 7.3%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).