Gross fixed capital formation in Tonga
Tonga: Gross fixed capital formation was 149.77 million constant 2015 US$ in 2024. ▲ Rising
Gross fixed capital formation in Tonga, 1994–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross fixed capital formation in Tonga stood at 149.77 million constant 2015 US$. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 9.2% on the previous year and up 56.3% over ten years.
Over the whole period, gross fixed capital formation in Tonga peaked at 149.77 million constant 2015 US$ in 2024 and was at its lowest, 69.06 million constant 2015 US$, in 1994.
Tonga ranks 156th of 161 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Gross fixed capital formation in Tonga, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1994 | 69.06 million constant 2015 US$ | — |
| 1995 | 89.12 million constant 2015 US$ | +29.0% |
| 1996 | 94.73 million constant 2015 US$ | +6.3% |
| 1997 | 69.59 million constant 2015 US$ | -26.5% |
| 1998 | 83.87 million constant 2015 US$ | +20.5% |
| 1999 | 84.37 million constant 2015 US$ | +0.6% |
| 2000 | 73.34 million constant 2015 US$ | -13.1% |
| 2001 | 85.91 million constant 2015 US$ | +17.1% |
| 2002 | 85.91 million constant 2015 US$ | +0.0% |
| 2003 | 95.91 million constant 2015 US$ | +11.6% |
| 2004 | 79.20 million constant 2015 US$ | -17.4% |
| 2005 | 78.78 million constant 2015 US$ | -0.5% |
| 2006 | 81.62 million constant 2015 US$ | +3.6% |
| 2007 | 75.92 million constant 2015 US$ | -7.0% |
| 2008 | 69.85 million constant 2015 US$ | -8.0% |
| 2009 | 77.66 million constant 2015 US$ | +11.2% |
| 2010 | 100.56 million constant 2015 US$ | +29.5% |
| 2011 | 105.99 million constant 2015 US$ | +5.4% |
| 2012 | 101.39 million constant 2015 US$ | -4.3% |
| 2013 | 86.76 million constant 2015 US$ | -14.4% |
| 2014 | 95.83 million constant 2015 US$ | +10.4% |
| 2015 | 102.02 million constant 2015 US$ | +6.5% |
| 2016 | 119.62 million constant 2015 US$ | +17.3% |
| 2017 | 138.90 million constant 2015 US$ | +16.1% |
| 2018 | 100.87 million constant 2015 US$ | -27.4% |
| 2019 | 121.06 million constant 2015 US$ | +20.0% |
| 2020 | 112.13 million constant 2015 US$ | -7.4% |
| 2021 | 146.76 million constant 2015 US$ | +30.9% |
| 2022 | 133.92 million constant 2015 US$ | -8.7% |
| 2023 | 137.21 million constant 2015 US$ | +2.5% |
| 2024 | 149.77 million constant 2015 US$ | +9.2% |
Tonga compared with similar countries
- Tonga's 149.77 million constant 2015 US$ is below the median for upper middle income countries, which is 11.14 billion constant 2015 US$, 1% of the median. (45 countries reporting)
- Tonga's 149.77 million constant 2015 US$ is below the median for East Asia & Pacific, which is 9.80 billion constant 2015 US$, 2% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 81.79 million constant 2015 US$ | 69.06 million constant 2015 US$ | 94.73 million constant 2015 US$ | 6 |
| 2000s | 80.41 million constant 2015 US$ | 69.85 million constant 2015 US$ | 95.91 million constant 2015 US$ | 10 |
| 2010s | 107.30 million constant 2015 US$ | 86.76 million constant 2015 US$ | 138.90 million constant 2015 US$ | 10 |
| 2020s | 135.96 million constant 2015 US$ | 112.13 million constant 2015 US$ | 149.77 million constant 2015 US$ | 5 |
Countries ranked near Tonga
- 153 San Marino 294.14 million constant 2015 US$ compare
- 154 Vanuatu 280.36 million constant 2015 US$ compare
- 155 Comoros 163.18 million constant 2015 US$ compare
- 157 Kiribati 90.99 million constant 2015 US$ compare
- 158 Lebanon 88.48 million constant 2015 US$ compare
- 159 Palau 87.75 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$), annual growth rate 9.39 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Tonga?
- Gross fixed capital formation in Tonga was 149.77 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Tonga?
- The highest recorded value was 149.77 million constant 2015 US$ in 2024.
- What is the lowest gross fixed capital formation recorded in Tonga?
- The lowest recorded value was 69.06 million constant 2015 US$ in 1994.
- How does Tonga rank for gross fixed capital formation?
- Tonga ranks 156th out of 161 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Tonga?
- Over the last ten years it is up 56.3%. 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 fixed 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 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 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.