Gross domestic savings (% of GDP) in Tonga
Tonga: Gross domestic savings (% of GDP) was -19.7% in 2024. ▼ Falling
Gross domestic savings in Tonga, 1975–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Tonga recorded -19.7% for gross domestic savings in 2024.
Compared with earlier readings it is up 20.7% on the previous year and down 6.7% over ten years.
Over the whole period, gross domestic savings in Tonga peaked at -1.9% in 1975 and was at its lowest, -24.9%, in 2023.
Tonga ranks 179th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Gross domestic savings (% of GDP) in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | -1.9% | — |
| 1976 | -10.0% | +428.9% |
| 1977 | -3.1% | -68.9% |
| 1978 | -9.6% | +207.5% |
| 1979 | -12.6% | +31.2% |
| 1980 | -7.6% | -39.5% |
| 1981 | -12.3% | +62.0% |
| 1982 | -5.8% | -52.8% |
| 1983 | -21.2% | +264.0% |
| 1984 | -12.4% | -41.5% |
| 1985 | -15.7% | +26.9% |
| 1986 | -20.0% | +27.4% |
| 1987 | -11.5% | -42.6% |
| 1988 | -20.8% | +81.2% |
| 1989 | -17.3% | -17.2% |
| 1990 | -12.7% | -26.2% |
| 1991 | -20.9% | +64.3% |
| 1992 | -7.6% | -63.6% |
| 1993 | -9.6% | +25.5% |
| 1994 | -4.3% | -54.9% |
| 1995 | -5.5% | +28.6% |
| 1996 | -5.7% | +3.1% |
| 1997 | -8.3% | +44.8% |
| 1998 | -12.2% | +47.7% |
| 1999 | -4.4% | -63.7% |
| 2000 | -5.5% | +24.0% |
| 2001 | -6.4% | +15.7% |
| 2002 | -13.0% | +103.8% |
| 2003 | -10.3% | -20.3% |
| 2004 | -11.7% | +12.7% |
| 2005 | -16.5% | +41.6% |
| 2006 | -14.9% | -10.0% |
| 2007 | -18.9% | +27.0% |
| 2008 | -18.6% | -1.5% |
| 2009 | -20.6% | +11.1% |
| 2010 | -12.9% | -37.5% |
| 2011 | -6.5% | -49.3% |
| 2012 | -5.5% | -15.7% |
| 2013 | -12.1% | +118.8% |
| 2014 | -18.5% | +53.3% |
| 2015 | -22.0% | +18.6% |
| 2016 | -16.9% | -23.1% |
| 2017 | -16.2% | -4.2% |
| 2018 | -18.9% | +16.6% |
| 2019 | -17.4% | -7.5% |
| 2020 | -16.0% | -8.2% |
| 2021 | -13.1% | -18.2% |
| 2022 | -15.8% | +20.4% |
| 2023 | -24.9% | +58.1% |
| 2024 | -19.7% | -20.7% |
Tonga compared with similar countries
- Tonga's -19.7% is below the median for upper middle income countries, which is 18.9%. (52 countries reporting)
- Tonga's -19.7% is below the median for East Asia & Pacific, which is 22.0%. (29 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) in Tonga changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | -428.9% | -1.9% | -10.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -7.4% | -12.6% | -1.9% | 5 |
| 1980s | -14.5% | -21.2% | -5.8% | 10 |
| 1990s | -9.1% | -20.9% | -4.3% | 10 |
| 2000s | -13.6% | -20.6% | -5.5% | 10 |
| 2010s | -14.7% | -22.0% | -5.5% | 10 |
| 2020s | -17.9% | -24.9% | -13.1% | 5 |
Countries ranked near Tonga
More economy & growth data for Tonga
- Real gdp growth, annual growth rate -38.46 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0382 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 250.19 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3665 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0279 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 182.69 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in Tonga?
- Gross domestic savings in Tonga was -19.7% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Tonga?
- The highest recorded value was -1.9% in 1975.
- What is the lowest gross domestic savings recorded in Tonga?
- The lowest recorded value was -24.9% in 2023.
- How does Tonga rank for gross domestic savings?
- Tonga ranks 179th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Tonga?
- Over the last ten years it is down 6.7%. 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 Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.