Gross fixed capital formation in Tonga
Tonga: Gross fixed capital formation was 9.2% in 2024. ◆ Volatile
Gross fixed capital formation in Tonga, 1995–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, gross fixed capital formation in Tonga stood at 9.2%.
Compared with earlier readings it is up 272.8% on the previous year and down 12.3% over ten years.
Over the whole period, gross fixed capital formation in Tonga peaked at 30.9% in 2021 and was at its lowest, -27.4%, in 2018.
That places Tonga 44th out of 166 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Tonga, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1995 | 29.0% | — |
| 1996 | 6.3% | -78.3% |
| 1997 | -26.5% | -521.5% |
| 1998 | 20.5% | -177.3% |
| 1999 | 0.6% | -97.1% |
| 2000 | -13.1% | -2280.2% |
| 2001 | 17.1% | -231.1% |
| 2002 | 0.0% | -100.0% |
| 2003 | 11.6% | — |
| 2004 | -17.4% | -249.6% |
| 2005 | -0.5% | -96.9% |
| 2006 | 3.6% | -773.5% |
| 2007 | -7.0% | -293.7% |
| 2008 | -8.0% | +14.5% |
| 2009 | 11.2% | -239.9% |
| 2010 | 29.5% | +163.4% |
| 2011 | 5.4% | -81.7% |
| 2012 | -4.3% | -180.4% |
| 2013 | -14.4% | +232.0% |
| 2014 | 10.4% | -172.4% |
| 2015 | 6.5% | -38.2% |
| 2016 | 17.3% | +167.3% |
| 2017 | 16.1% | -6.6% |
| 2018 | -27.4% | -269.9% |
| 2019 | 20.0% | -173.1% |
| 2020 | -7.4% | -136.8% |
| 2021 | 30.9% | -518.8% |
| 2022 | -8.7% | -128.3% |
| 2023 | 2.5% | -128.1% |
| 2024 | 9.2% | +272.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.0% | -26.5% | 29.0% | 5 |
| 2000s | -0.2% | -17.4% | 17.1% | 10 |
| 2010s | 5.9% | -27.4% | 29.5% | 10 |
| 2020s | 5.3% | -8.7% | 30.9% | 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)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP -0.1975 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), per capita -1,227 current US$ per person (2024)
- Gross domestic savings (current LCU), annual growth rate 12.72 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP -0.4688 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita -2,914 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 8.57 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.04 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Tonga?
- Gross fixed capital formation in Tonga was 9.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Tonga?
- The highest recorded value was 30.9% in 2021.
- What is the lowest gross fixed capital formation recorded in Tonga?
- The lowest recorded value was -27.4% in 2018.
- How does Tonga rank for gross fixed capital formation?
- Tonga ranks 44th out of 166 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Tonga?
- Over the last ten years it is down 12.3%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.