Current account balance in Tonga
Tonga: Current account balance was -6.7% in 2024. ◆ Volatile
Current account balance in Tonga, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, current account balance in Tonga stood at -6.7%.
The figure is up 15.3% on the previous year and down 7.3% over ten years.
Over the whole period, current account balance in Tonga peaked at 11.3% in 1990 and was at its lowest, -30.0%, in 2009.
That places Tonga 153rd out of 199 countries with data for 2024, putting it in the bottom quarter.
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 | % of GDP | Change |
|---|---|---|
| 1975 | 0.8% | — |
| 1976 | -7.0% | -1024.9% |
| 1977 | -6.0% | -13.7% |
| 1978 | -1.7% | -71.3% |
| 1979 | -5.4% | +212.2% |
| 1980 | -6.0% | +12.3% |
| 1981 | -12.0% | +98.6% |
| 1982 | 5.5% | -145.5% |
| 1983 | 1.3% | -76.0% |
| 1984 | -0.4% | -130.5% |
| 1985 | -3.5% | +767.9% |
| 1986 | 0.8% | -122.7% |
| 1987 | 6.0% | +657.1% |
| 1988 | -10.5% | -276.4% |
| 1989 | -1.8% | -83.2% |
| 1990 | 11.3% | -736.1% |
| 1991 | -1.4% | -112.8% |
| 1992 | -1.3% | -10.3% |
| 1993 | 2.4% | -283.1% |
| 1994 | -9.5% | -501.1% |
| 2001 | -7.3% | -23.4% |
| 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 |
|---|---|---|---|---|
| 1970s | -3.9% | -7.0% | 0.8% | 5 |
| 1980s | -2.1% | -12.0% | 6.0% | 10 |
| 1990s | 0.3% | -9.5% | 11.3% | 5 |
| 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)
- Services, value added (constant LCU), per capita 5,071 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2.96 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 12.1 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8578 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 5,331 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 12.69 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 2.04 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 12,657 current LCU per person (2024)
Frequently asked questions
- What is current account balance in Tonga?
- Current account balance in Tonga was -6.7% 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 11.3% in 1990.
- What is the lowest current account balance recorded in Tonga?
- The lowest recorded value was -30.0% in 2009.
- How does Tonga rank for current account balance?
- Tonga ranks 153rd out of 199 countries with data for 2024.
- Is current account balance 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.