Gross fixed capital formation (constant 2015 US$), annual growth rate in Tonga
Tonga: Gross fixed capital formation (constant 2015 US$), annual growth rate was 9.16 % change on previous year in 2024. ◆ Volatile
Gross fixed capital formation (constant 2015 US$), annual growth rate in Tonga, 1995–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross fixed capital formation (constant 2015 us$), annual growth rate in Tonga stood at 9.16 % change on previous year.
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 (constant 2015 us$), annual growth rate in Tonga peaked at 30.88 % change on previous year in 2021 and was at its lowest, -27.38 % change on previous year, in 2018.
Tonga ranks 43rd of 161 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant 2015 US$), annual growth rate in Tonga, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1995 | 29.03 % change on previous year | — |
| 1996 | 6.29 % change on previous year | -78.3% |
| 1997 | -26.53 % change on previous year | -521.5% |
| 1998 | 20.51 % change on previous year | -177.3% |
| 1999 | 0.5995 % change on previous year | -97.1% |
| 2000 | -13.07 % change on previous year | -2280.1% |
| 2001 | 17.13 % change on previous year | -231.1% |
| 2002 | 0 % change on previous year | -100.0% |
| 2003 | 11.65 % change on previous year | — |
| 2004 | -17.42 % change on previous year | -249.6% |
| 2005 | -0.5352 % change on previous year | -96.9% |
| 2006 | 3.6 % change on previous year | -773.5% |
| 2007 | -6.98 % change on previous year | -293.7% |
| 2008 | -8 % change on previous year | +14.5% |
| 2009 | 11.19 % change on previous year | -239.9% |
| 2010 | 29.48 % change on previous year | +163.4% |
| 2011 | 5.41 % change on previous year | -81.7% |
| 2012 | -4.34 % change on previous year | -180.4% |
| 2013 | -14.43 % change on previous year | +232.0% |
| 2014 | 10.45 % change on previous year | -172.4% |
| 2015 | 6.46 % change on previous year | -38.2% |
| 2016 | 17.26 % change on previous year | +167.3% |
| 2017 | 16.12 % change on previous year | -6.6% |
| 2018 | -27.38 % change on previous year | -269.9% |
| 2019 | 20.02 % change on previous year | -173.1% |
| 2020 | -7.37 % change on previous year | -136.8% |
| 2021 | 30.88 % change on previous year | -518.7% |
| 2022 | -8.75 % change on previous year | -128.3% |
| 2023 | 2.46 % change on previous year | -128.1% |
| 2024 | 9.16 % change on previous year | +272.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.98 % change on previous year | -26.53 % change on previous year | 29.03 % change on previous year | 5 |
| 2000s | -0.2432 % change on previous year | -17.42 % change on previous year | 17.13 % change on previous year | 10 |
| 2010s | 5.9 % change on previous year | -27.38 % change on previous year | 29.48 % change on previous year | 10 |
| 2020s | 5.27 % change on previous year | -8.75 % change on previous year | 30.88 % change on previous year | 5 |
Countries ranked near Tonga
- 40 Latvia 9.78 % change on previous year compare
- 41 Malaysia 9.61 % change on previous year compare
- 42 Mali 9.6 % change on previous year compare
- 44 Tanzania, United Republic of 9.03 % change on previous year compare
- 45 Mongolia 9.01 % change on previous year compare
- 46 Greece 8.88 % change on previous year 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)
- Exports of goods and services (current LCU), annual growth rate 26.2 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.4012 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 2,494 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 9.02 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.1271 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 789.98 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 9.51 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2615 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross fixed capital formation (constant 2015 us$), annual growth rate in Tonga?
- Gross fixed capital formation (constant 2015 us$), annual growth rate in Tonga was 9.16 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation (constant 2015 us$), annual growth rate recorded in Tonga?
- The highest recorded value was 30.88 % change on previous year in 2021.
- What is the lowest gross fixed capital formation (constant 2015 us$), annual growth rate recorded in Tonga?
- The lowest recorded value was -27.38 % change on previous year in 2018.
- How does Tonga rank for gross fixed capital formation (constant 2015 us$), annual growth rate?
- Tonga ranks 43rd out of 161 countries with data for 2024.
- Is gross fixed capital formation (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Gross fixed capital formation (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross fixed capital formation (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross fixed capital formation Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross fixed capital formation (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.