External balance on goods and services in Tonga
Tonga: External balance on goods and services was -43.8% in 2024. ▼ Falling
External balance on goods and services in Tonga, 1975–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Tonga recorded -43.8% for external balance on goods and services in 2024.
The figure is up 12.7% on the previous year and down 7.1% over ten years.
Over the whole period, external balance on goods and services in Tonga peaked at -23.3% in 1977 and was at its lowest, -50.5%, in 1983.
Tonga ranks 184th of 193 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
External balance on goods and services in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | -29.5% | — |
| 1976 | -29.7% | +0.7% |
| 1977 | -23.3% | -21.5% |
| 1978 | -39.1% | +67.7% |
| 1979 | -43.7% | +11.9% |
| 1980 | -37.7% | -13.9% |
| 1981 | -41.9% | +11.2% |
| 1982 | -37.0% | -11.5% |
| 1983 | -50.5% | +36.4% |
| 1984 | -36.3% | -28.0% |
| 1985 | -42.1% | +15.8% |
| 1986 | -44.2% | +4.9% |
| 1987 | -33.7% | -23.7% |
| 1988 | -44.0% | +30.7% |
| 1989 | -37.7% | -14.3% |
| 1990 | -31.2% | -17.2% |
| 1991 | -37.7% | +20.6% |
| 1992 | -25.3% | -32.7% |
| 1993 | -27.7% | +9.1% |
| 1994 | -28.6% | +3.4% |
| 1995 | -37.2% | +30.1% |
| 1996 | -37.6% | +1.1% |
| 1997 | -30.1% | -19.9% |
| 1998 | -39.1% | +29.8% |
| 1999 | -29.3% | -25.2% |
| 2000 | -31.1% | +6.2% |
| 2001 | -35.7% | +14.8% |
| 2002 | -37.3% | +4.6% |
| 2003 | -34.4% | -7.7% |
| 2004 | -34.8% | +1.2% |
| 2005 | -40.5% | +16.3% |
| 2006 | -37.2% | -8.1% |
| 2007 | -43.8% | +17.6% |
| 2008 | -40.7% | -7.1% |
| 2009 | -47.1% | +15.8% |
| 2010 | -45.8% | -2.8% |
| 2011 | -46.4% | +1.2% |
| 2012 | -43.9% | -5.4% |
| 2013 | -42.1% | -4.0% |
| 2014 | -40.9% | -3.0% |
| 2015 | -47.5% | +16.1% |
| 2016 | -38.8% | -18.3% |
| 2017 | -43.7% | +12.7% |
| 2018 | -43.7% | -0.0% |
| 2019 | -43.6% | -0.2% |
| 2020 | -42.4% | -2.6% |
| 2021 | -46.4% | +9.3% |
| 2022 | -48.6% | +4.8% |
| 2023 | -50.1% | +3.2% |
| 2024 | -43.8% | -12.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -33.1% | -43.7% | -23.3% | 5 |
| 1980s | -40.5% | -50.5% | -33.7% | 10 |
| 1990s | -32.4% | -39.1% | -25.3% | 10 |
| 2000s | -38.3% | -47.1% | -31.1% | 10 |
| 2010s | -43.6% | -47.5% | -38.8% | 10 |
| 2020s | -46.3% | -50.1% | -42.4% | 5 |
Countries ranked near Tonga
- 181 Cuba -39.9% compare
- 182 Palau -40.4% compare
- 183 Naoero -41.9% compare
- 185 Marshall Islands -43.8% compare
- 186 Northern Mariana Islands -48.6% compare
- 187 Micronesia, Federated States of -48.8% 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 capital formation (constant 2015 US$), annual growth rate 11.14 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2326 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 1,446 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 2.44 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.6068 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 3,772 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 2.98 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 1.44 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is external balance on goods and services in Tonga?
- External balance on goods and services in Tonga was -43.8% 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 -23.3% in 1977.
- What is the lowest external balance on goods and services recorded in Tonga?
- The lowest recorded value was -50.5% in 1983.
- How does Tonga rank for external balance on goods and services?
- Tonga ranks 184th 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 7.1%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 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.