Current account balance in Tonga
Tonga: Current account balance was -43.52 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Tonga, 1971–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Tonga recorded -43.52 million BoP, current US$ for current account balance in 2024.
That represents a change of up 7.2% on the previous year and down 57.5% over ten years.
Over the whole period, current account balance in Tonga peaked at 12.78 million BoP, current US$ in 1990 and was at its lowest, -93.85 million BoP, current US$, in 2009.
That places Tonga 82nd out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Tonga, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1971 | -614,880 BoP, current US$ | — |
| 1972 | -1.48 million BoP, current US$ | +139.9% |
| 1973 | -1.24 million BoP, current US$ | -16.0% |
| 1974 | 804,644 BoP, current US$ | -164.9% |
| 1975 | 244,682 BoP, current US$ | -69.6% |
| 1976 | -2.09 million BoP, current US$ | -954.6% |
| 1977 | -2.05 million BoP, current US$ | -1.9% |
| 1978 | -716,571 BoP, current US$ | -65.1% |
| 1979 | -2.40 million BoP, current US$ | +235.5% |
| 1980 | -3.22 million BoP, current US$ | +33.9% |
| 1981 | -7.47 million BoP, current US$ | +132.1% |
| 1982 | 3.39 million BoP, current US$ | -145.4% |
| 1983 | 798,991 BoP, current US$ | -76.4% |
| 1984 | -257,299 BoP, current US$ | -132.2% |
| 1985 | -2.09 million BoP, current US$ | +711.3% |
| 1986 | 538,242 BoP, current US$ | -125.8% |
| 1987 | 4.88 million BoP, current US$ | +806.6% |
| 1988 | -11.24 million BoP, current US$ | -330.4% |
| 1989 | -1.88 million BoP, current US$ | -83.3% |
| 1990 | 12.78 million BoP, current US$ | -779.3% |
| 1991 | -1.90 million BoP, current US$ | -114.9% |
| 1992 | -1.77 million BoP, current US$ | -7.0% |
| 1993 | 3.27 million BoP, current US$ | -285.0% |
| 1994 | -18.57 million BoP, current US$ | -667.7% |
| 2001 | -13.15 million BoP, current US$ | -29.2% |
| 2002 | -6.33 million BoP, current US$ | -51.8% |
| 2003 | -12.82 million BoP, current US$ | +102.4% |
| 2004 | -7.54 million BoP, current US$ | -41.2% |
| 2005 | -24.33 million BoP, current US$ | +222.7% |
| 2006 | -23.70 million BoP, current US$ | -2.6% |
| 2007 | -49.24 million BoP, current US$ | +107.8% |
| 2008 | -62.71 million BoP, current US$ | +27.4% |
| 2009 | -93.85 million BoP, current US$ | +49.6% |
| 2010 | -87.44 million BoP, current US$ | -6.8% |
| 2011 | -83.87 million BoP, current US$ | -4.1% |
| 2012 | -69.82 million BoP, current US$ | -16.8% |
| 2013 | -42.80 million BoP, current US$ | -38.7% |
| 2014 | -27.63 million BoP, current US$ | -35.4% |
| 2015 | -47.80 million BoP, current US$ | +73.0% |
| 2016 | -34.71 million BoP, current US$ | -27.4% |
| 2017 | -34.96 million BoP, current US$ | +0.7% |
| 2018 | -35.78 million BoP, current US$ | +2.3% |
| 2019 | -39.35 million BoP, current US$ | +10.0% |
| 2020 | -33.59 million BoP, current US$ | -14.6% |
| 2021 | -49.57 million BoP, current US$ | +47.6% |
| 2022 | -47.06 million BoP, current US$ | -5.1% |
| 2023 | -46.90 million BoP, current US$ | -0.3% |
| 2024 | -43.52 million BoP, current US$ | -7.2% |
Tonga compared with similar countries
- Tonga's -43.52 million BoP, current US$ is above the median for upper middle income countries, which is -814.98 million BoP, current US$, 5% of the median. (57 countries reporting)
- Tonga's -43.52 million BoP, current US$ is below the median for East Asia & Pacific, which is 22.41 million BoP, current US$. (33 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Tonga changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | -954.6% | 244,682 BoP, current US$ | -2.09 million BoP, current US$ |
| 1987 | +806.6% | 538,242 BoP, current US$ | 4.88 million BoP, current US$ |
| 1990 | +779.3% | -1.88 million BoP, current US$ | 12.78 million BoP, current US$ |
| 1985 | -711.3% | -257,299 BoP, current US$ | -2.09 million BoP, current US$ |
| 1994 | -667.7% | 3.27 million BoP, current US$ | -18.57 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.06 million BoP, current US$ | -2.40 million BoP, current US$ | 804,644 BoP, current US$ | 9 |
| 1980s | -1.65 million BoP, current US$ | -11.24 million BoP, current US$ | 4.88 million BoP, current US$ | 10 |
| 1990s | -1.24 million BoP, current US$ | -18.57 million BoP, current US$ | 12.78 million BoP, current US$ | 5 |
| 2000s | -32.63 million BoP, current US$ | -93.85 million BoP, current US$ | -6.33 million BoP, current US$ | 9 |
| 2010s | -50.42 million BoP, current US$ | -87.44 million BoP, current US$ | -27.63 million BoP, current US$ | 10 |
| 2020s | -44.13 million BoP, current US$ | -49.57 million BoP, current US$ | -33.59 million BoP, current US$ | 5 |
Countries ranked near Tonga
- 79 Comoros -24.62 million BoP, current US$ compare
- 80 Central African Republic -24.68 million BoP, current US$ compare
- 81 Chad -37.74 million BoP, current US$ compare
- 83 Kiribati -61.35 million BoP, current US$ compare
- 84 Solomon Islands -66.23 million BoP, current US$ compare
- 85 Estonia -69.99 million BoP, current US$ compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.25 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0019 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 12.03 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -12.08 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -560.68 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0187 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -115.95 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 9.39 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Tonga?
- Current account balance in Tonga was -43.52 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Tonga?
- The highest recorded value was 12.78 million BoP, current US$ in 1990.
- What is the lowest current account balance recorded in Tonga?
- The lowest recorded value was -93.85 million BoP, current US$ in 2009.
- How does Tonga rank for current account balance?
- Tonga ranks 82nd out of 200 countries with data for 2024.
- Is current account balance rising or falling in Tonga?
- Over the last ten years it is down 57.5%. The long-run trend across the full record is volatile.
- Where does this Tonga data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.