Gross capital formation in Tonga
Tonga: Gross capital formation was 150.61 million constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
150.61 million constant 2015 US$
Change on year
up 11.1%
World rank
157th
of 163 countries
All-time high
154.64 million constant 2015 US$
in 2021
All-time low
63.25 million constant 2015 US$
in 1997
Years of data
31
1994–2024
Gross capital formation in Tonga, 1994–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Tonga recorded 150.61 million constant 2015 US$ for gross capital formation in 2024.
The figure is up 11.1% on the previous year and up 50.8% over ten years.
Over the whole period, gross capital formation in Tonga peaked at 154.64 million constant 2015 US$ in 2021 and was at its lowest, 63.25 million constant 2015 US$, in 1997.
Tonga ranks 157th of 163 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Gross capital formation in Tonga, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1994 | 66.84 million constant 2015 US$ | — |
| 1995 | 91.09 million constant 2015 US$ | +36.3% |
| 1996 | 96.86 million constant 2015 US$ | +6.3% |
| 1997 | 63.25 million constant 2015 US$ | -34.7% |
| 1998 | 85.79 million constant 2015 US$ | +35.6% |
| 1999 | 83.01 million constant 2015 US$ | -3.2% |
| 2000 | 75.34 million constant 2015 US$ | -9.2% |
| 2001 | 86.88 million constant 2015 US$ | +15.3% |
| 2002 | 86.88 million constant 2015 US$ | +0.0% |
| 2003 | 97.08 million constant 2015 US$ | +11.7% |
| 2004 | 80.28 million constant 2015 US$ | -17.3% |
| 2005 | 79.84 million constant 2015 US$ | -0.6% |
| 2006 | 82.72 million constant 2015 US$ | +3.6% |
| 2007 | 76.96 million constant 2015 US$ | -7.0% |
| 2008 | 70.91 million constant 2015 US$ | -7.9% |
| 2009 | 78.83 million constant 2015 US$ | +11.2% |
| 2010 | 101.67 million constant 2015 US$ | +29.0% |
| 2011 | 107.70 million constant 2015 US$ | +5.9% |
| 2012 | 131.95 million constant 2015 US$ | +22.5% |
| 2013 | 91.98 million constant 2015 US$ | -30.3% |
| 2014 | 99.91 million constant 2015 US$ | +8.6% |
| 2015 | 110.96 million constant 2015 US$ | +11.1% |
| 2016 | 121.68 million constant 2015 US$ | +9.7% |
| 2017 | 144.66 million constant 2015 US$ | +18.9% |
| 2018 | 111.13 million constant 2015 US$ | -23.2% |
| 2019 | 126.08 million constant 2015 US$ | +13.5% |
| 2020 | 118.04 million constant 2015 US$ | -6.4% |
| 2021 | 154.64 million constant 2015 US$ | +31.0% |
| 2022 | 131.48 million constant 2015 US$ | -15.0% |
| 2023 | 135.51 million constant 2015 US$ | +3.1% |
| 2024 | 150.61 million constant 2015 US$ | +11.1% |
Tonga compared with similar countries
- Tonga's 150.61 million constant 2015 US$ is below the median for upper middle income countries, which is 14.20 billion constant 2015 US$, 1% of the median. (45 countries reporting)
- Tonga's 150.61 million constant 2015 US$ is below the median for East Asia & Pacific, which is 6.48 billion constant 2015 US$, 2% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 81.14 million constant 2015 US$ | 63.25 million constant 2015 US$ | 96.86 million constant 2015 US$ | 6 |
| 2000s | 81.57 million constant 2015 US$ | 70.91 million constant 2015 US$ | 97.08 million constant 2015 US$ | 10 |
| 2010s | 114.77 million constant 2015 US$ | 91.98 million constant 2015 US$ | 144.66 million constant 2015 US$ | 10 |
| 2020s | 138.06 million constant 2015 US$ | 118.04 million constant 2015 US$ | 154.64 million constant 2015 US$ | 5 |
Countries ranked near Tonga
- 154 Central African Republic 317.18 million constant 2015 US$ compare
- 155 San Marino 250.60 million constant 2015 US$ compare
- 156 Comoros 160.36 million constant 2015 US$ compare
- 158 Kiribati 94.93 million constant 2015 US$ compare
- 159 Lebanon 89.93 million constant 2015 US$ compare
- 160 Palau 85.63 million constant 2015 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$), annual growth rate 9.39 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Tonga?
- Gross capital formation in Tonga was 150.61 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Tonga?
- The highest recorded value was 154.64 million constant 2015 US$ in 2021.
- What is the lowest gross capital formation recorded in Tonga?
- The lowest recorded value was 63.25 million constant 2015 US$ in 1997.
- How does Tonga rank for gross capital formation?
- Tonga ranks 157th out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in Tonga?
- Over the last ten years it is up 50.8%. The long-run trend across the full record is rising.
- 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 Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.