Current account balance as a proportion of gdp in Tonga
Tonga: Current account balance as a proportion of gdp was -5.91 in 2023. ◆ Volatile
Current account balance as a proportion of gdp in Tonga, 2001–2023
Source: Our World in Data.
Analysis
The most recent figure for current account balance as a proportion of gdp in Tonga is -5.91, measured in 2023.
Compared with earlier readings it is down 10.3% on the previous year and up 37.6% over ten years.
Over the whole period, current account balance as a proportion of gdp in Tonga peaked at -3.27 in 2004 and was at its lowest, -30.04, in 2009.
Tonga ranks 144th of 191 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 | -7.26 | — |
| 2002 | -3.47 | -52.2% |
| 2003 | -6.34 | +82.7% |
| 2004 | -3.27 | -48.4% |
| 2005 | -9.29 | +184.1% |
| 2006 | -8.11 | -12.7% |
| 2007 | -16.5 | +103.5% |
| 2008 | -18.21 | +10.4% |
| 2009 | -30.04 | +65.0% |
| 2010 | -23.83 | -20.7% |
| 2011 | -20.25 | -15.0% |
| 2012 | -14.82 | -26.8% |
| 2013 | -9.47 | -36.1% |
| 2014 | -6.27 | -33.8% |
| 2015 | -10.92 | +74.2% |
| 2016 | -7.47 | -31.6% |
| 2017 | -7.17 | -4.0% |
| 2018 | -7.01 | -2.2% |
| 2019 | -3.83 | -45.4% |
| 2020 | -5.73 | +49.6% |
| 2021 | -6.25 | +9.1% |
| 2022 | -5.36 | -14.2% |
| 2023 | -5.91 | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -11.39 | -30.04 | -3.27 | 9 |
| 2010s | -11.1 | -23.83 | -3.83 | 10 |
| 2020s | -5.81 | -6.25 | -5.36 | 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)
- GNI, Atlas method (current US$), annual growth rate 8.57 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.04 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 6,836 current US$ per person (2025)
- GNI (current US$), annual growth rate 4.23 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.06 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 6,973 current US$ per person (2025)
- GNI (current LCU), annual growth rate 5.16 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 2.55 current LCU per US$ of GDP (2025)
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 -5.91 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Tonga?
- The highest recorded value was -3.27 in 2004.
- What is the lowest current account balance as a proportion of gdp recorded in Tonga?
- The lowest recorded value was -30.04 in 2009.
- How does Tonga rank for current account balance as a proportion of gdp?
- Tonga ranks 144th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Tonga?
- Over the last ten years it is up 37.6%. The long-run trend across the full record is volatile.
- Where does this Tonga data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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