Discrepancy in expenditure estimate of GDP in Tonga
Tonga: Discrepancy in expenditure estimate of GDP was -110.96 million constant LCU in 2024. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Tonga, 2017–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for discrepancy in expenditure estimate of gdp in Tonga is -110.96 million constant LCU, measured in 2024. That is the lowest value across all 8 years on record.
The figure is down 46.4% on the previous year and down 2,807.1% over ten years.
That places Tonga 119th out of 153 countries with data for 2024, putting it in the bottom quarter.
Discrepancy in expenditure estimate of GDP in Tonga, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2017 | -3.82 million constant LCU | — |
| 2018 | -3.72 million constant LCU | -2.7% |
| 2019 | -35.94 million constant LCU | +867.1% |
| 2020 | -24.71 million constant LCU | -31.2% |
| 2021 | -2.34 million constant LCU | -90.5% |
| 2022 | -5.73 million constant LCU | +144.3% |
| 2023 | -75.82 million constant LCU | +1223.9% |
| 2024 | -110.96 million constant LCU | +46.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -14.49 million constant LCU | -35.94 million constant LCU | -3.72 million constant LCU | 3 |
| 2020s | -43.91 million constant LCU | -110.96 million constant LCU | -2.34 million constant LCU | 5 |
Countries ranked near Tonga
- 116 Bolivia, Plurinational State of -56.17 million constant LCU compare
- 117 Montenegro -98.97 million constant LCU compare
- 118 Cyprus -110.64 million constant LCU compare
- 120 Palestine, State of -118.60 million constant LCU compare
- 121 Belize -190.11 million constant LCU compare
- 122 Kosovo -268.68 million constant LCU 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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.1 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6596 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Tonga?
- Discrepancy in expenditure estimate of gdp in Tonga was -110.96 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Tonga?
- The highest recorded value was -2.34 million constant LCU in 2021.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Tonga?
- The lowest recorded value was -110.96 million constant LCU in 2024.
- How does Tonga rank for discrepancy in expenditure estimate of gdp?
- Tonga ranks 119th out of 153 countries with data for 2024.
- Is discrepancy in expenditure estimate of gdp rising or falling in Tonga?
- Over the last ten years it is down 2,807.1%. The long-run trend across the full record is volatile.
- Where does this Tonga data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Discrepancy in expenditure estimate of GDP (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.