External balance on goods and services in Tonga
Tonga: External balance on goods and services was -673.00 million current LCU in 2024. ◆ Volatile
Latest (2024)
-673.00 million current LCU
Change on year
up 3.8%
World rank
91st
of 193 countries
All-time high
-7.18 million current LCU
in 1977
All-time low
-699.92 million current LCU
in 2023
Years of data
50
1975–2024
External balance on goods and services in Tonga, 1975–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Tonga recorded -673.00 million current LCU for external balance on goods and services in 2024.
That represents a change of up 3.8% on the previous year and down 106.0% over ten years.
Over the whole period, external balance on goods and services in Tonga peaked at -7.18 million current LCU in 1977 and was at its lowest, -699.92 million current LCU, in 2023.
Tonga ranks 91st of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Tonga, year by year
| Year | current LCU | Change |
|---|---|---|
| 1975 | -7.32 million current LCU | — |
| 1976 | -7.30 million current LCU | -0.3% |
| 1977 | -7.18 million current LCU | -1.7% |
| 1978 | -14.19 million current LCU | +97.8% |
| 1979 | -17.47 million current LCU | +23.1% |
| 1980 | -17.61 million current LCU | +0.8% |
| 1981 | -22.68 million current LCU | +28.8% |
| 1982 | -22.66 million current LCU | -0.1% |
| 1983 | -34.13 million current LCU | +50.6% |
| 1984 | -26.61 million current LCU | -22.0% |
| 1985 | -36.21 million current LCU | +36.1% |
| 1986 | -45.06 million current LCU | +24.4% |
| 1987 | -39.28 million current LCU | -12.8% |
| 1988 | -54.94 million current LCU | +39.9% |
| 1989 | -50.46 million current LCU | -8.2% |
| 1990 | -45.95 million current LCU | -8.9% |
| 1991 | -64.55 million current LCU | +40.5% |
| 1992 | -46.80 million current LCU | -27.5% |
| 1993 | -53.01 million current LCU | +13.3% |
| 1994 | -73.98 million current LCU | +39.6% |
| 1995 | -98.75 million current LCU | +33.5% |
| 1996 | -102.86 million current LCU | +4.2% |
| 1997 | -81.85 million current LCU | -20.4% |
| 1998 | -111.76 million current LCU | +36.6% |
| 1999 | -92.29 million current LCU | -17.4% |
| 2000 | -104.36 million current LCU | +13.1% |
| 2001 | -126.45 million current LCU | +21.2% |
| 2002 | -148.70 million current LCU | +17.6% |
| 2003 | -152.93 million current LCU | +2.8% |
| 2004 | -164.43 million current LCU | +7.5% |
| 2005 | -205.65 million current LCU | +25.1% |
| 2006 | -218.59 million current LCU | +6.3% |
| 2007 | -261.79 million current LCU | +19.8% |
| 2008 | -266.31 million current LCU | +1.7% |
| 2009 | -306.89 million current LCU | +15.2% |
| 2010 | -324.10 million current LCU | +5.6% |
| 2011 | -351.69 million current LCU | +8.5% |
| 2012 | -350.23 million current LCU | -0.4% |
| 2013 | -329.96 million current LCU | -5.8% |
| 2014 | -326.69 million current LCU | -1.0% |
| 2015 | -403.61 million current LCU | +23.5% |
| 2016 | -361.77 million current LCU | -10.4% |
| 2017 | -444.25 million current LCU | +22.8% |
| 2018 | -472.94 million current LCU | +6.5% |
| 2019 | -501.01 million current LCU | +5.9% |
| 2020 | -496.65 million current LCU | -0.9% |
| 2021 | -548.68 million current LCU | +10.5% |
| 2022 | -614.44 million current LCU | +12.0% |
| 2023 | -699.92 million current LCU | +13.9% |
| 2024 | -673.00 million current LCU | -3.8% |
Tonga compared with similar countries
- Tonga's -673.00 million current LCU is above the median for upper middle income countries, which is -2.10 billion current LCU, 32% of the median. (53 countries reporting)
- Tonga's -673.00 million current LCU is below the median for East Asia & Pacific, which is -190.00 million current LCU, 3.5× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -10.69 million current LCU | -17.47 million current LCU | -7.18 million current LCU | 5 |
| 1980s | -34.96 million current LCU | -54.94 million current LCU | -17.61 million current LCU | 10 |
| 1990s | -77.18 million current LCU | -111.76 million current LCU | -45.95 million current LCU | 10 |
| 2000s | -195.61 million current LCU | -306.89 million current LCU | -104.36 million current LCU | 10 |
| 2010s | -386.62 million current LCU | -501.01 million current LCU | -324.10 million current LCU | 10 |
| 2020s | -606.54 million current LCU | -699.92 million current LCU | -496.65 million current LCU | 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)
- 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 external balance on goods and services in Tonga?
- External balance on goods and services in Tonga was -673.00 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Tonga?
- The highest recorded value was -7.18 million current LCU in 1977.
- What is the lowest external balance on goods and services recorded in Tonga?
- The lowest recorded value was -699.92 million current LCU in 2023.
- How does Tonga rank for external balance on goods and services?
- Tonga ranks 91st out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Tonga?
- Over the last ten years it is down 106.0%. 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 External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.