Gross capital formation in Tonga
Tonga: Gross capital formation was 26.4% in 2024. ▲ Rising
Gross capital formation in Tonga, 1975–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Tonga recorded 26.4% for gross capital formation in 2024.
The figure is up 1.8% on the previous year and up 16.8% over ten years.
Over the whole period, gross capital formation in Tonga peaked at 36.4% in 2012 and was at its lowest, 16.7%, in 1991.
That places Tonga 61st out of 186 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Gross capital formation in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 27.6% | — |
| 1976 | 19.7% | -28.7% |
| 1977 | 20.2% | +2.7% |
| 1978 | 29.5% | +46.1% |
| 1979 | 31.2% | +5.6% |
| 1980 | 30.1% | -3.6% |
| 1981 | 29.6% | -1.6% |
| 1982 | 31.2% | +5.6% |
| 1983 | 29.3% | -6.0% |
| 1984 | 23.9% | -18.4% |
| 1985 | 26.4% | +10.2% |
| 1986 | 24.1% | -8.5% |
| 1987 | 22.2% | -8.1% |
| 1988 | 23.2% | +4.5% |
| 1989 | 20.4% | -11.8% |
| 1990 | 18.5% | -9.5% |
| 1991 | 16.7% | -9.5% |
| 1992 | 17.7% | +5.9% |
| 1993 | 18.1% | +2.1% |
| 1994 | 20.4% | +12.6% |
| 1995 | 26.0% | +27.5% |
| 1996 | 25.9% | -0.3% |
| 1997 | 17.4% | -33.0% |
| 1998 | 20.5% | +17.9% |
| 1999 | 19.3% | -5.6% |
| 2000 | 20.3% | +4.9% |
| 2001 | 23.5% | +15.9% |
| 2002 | 24.3% | +3.4% |
| 2003 | 20.4% | -15.8% |
| 2004 | 20.0% | -2.0% |
| 2005 | 22.0% | +9.8% |
| 2006 | 20.8% | -5.3% |
| 2007 | 20.5% | -1.4% |
| 2008 | 20.4% | -0.9% |
| 2009 | 24.7% | +21.2% |
| 2010 | 29.2% | +18.2% |
| 2011 | 35.3% | +20.9% |
| 2012 | 36.4% | +3.3% |
| 2013 | 23.5% | -35.5% |
| 2014 | 22.6% | -3.8% |
| 2015 | 25.4% | +12.2% |
| 2016 | 24.7% | -2.6% |
| 2017 | 27.9% | +13.0% |
| 2018 | 24.5% | -12.1% |
| 2019 | 27.6% | +12.6% |
| 2020 | 24.6% | -11.0% |
| 2021 | 33.1% | +34.9% |
| 2022 | 27.3% | -17.5% |
| 2023 | 25.9% | -5.1% |
| 2024 | 26.4% | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.6% | 19.7% | 31.2% | 5 |
| 1980s | 26.0% | 20.4% | 31.2% | 10 |
| 1990s | 20.0% | 16.7% | 26.0% | 10 |
| 2000s | 21.7% | 20.0% | 24.7% | 10 |
| 2010s | 27.7% | 22.6% | 36.4% | 10 |
| 2020s | 27.5% | 24.6% | 33.1% | 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)
- Industry (including construction), value added (constant 2015 US$) 28.28 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1674 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 1,041 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 28.28 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.3334 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 2,072 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 8.54 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4954 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation in Tonga?
- Gross capital formation in Tonga was 26.4% 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 36.4% in 2012.
- What is the lowest gross capital formation recorded in Tonga?
- The lowest recorded value was 16.7% in 1991.
- How does Tonga rank for gross capital formation?
- Tonga ranks 61st out of 186 countries with data for 2024.
- Is gross capital formation rising or falling in Tonga?
- Over the last ten years it is up 16.8%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 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.