Gross fixed capital formation (current US$) in Tonga
Tonga: Gross fixed capital formation (current US$) was 169.33 million current US$ in 2024. ◆ Volatile
Latest (2024)
169.33 million current US$
Change on year
up 9.5%
World rank
177th
of 181 countries
All-time high
169.33 million current US$
in 2024
All-time low
5.94 million current US$
in 1976
Years of data
50
1975–2024
Gross fixed capital formation in Tonga, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross fixed capital formation in Tonga stood at 169.33 million current US$. That is the highest value across all 50 years on record.
That represents a change of up 9.5% on the previous year and up 77.8% over ten years.
Over the whole period, gross fixed capital formation in Tonga peaked at 169.33 million current US$ in 2024 and was at its lowest, 5.94 million current US$, in 1976.
Tonga ranks 177th of 181 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (current US$) in Tonga, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | 7.41 million current US$ | — |
| 1976 | 5.94 million current US$ | -19.8% |
| 1977 | 6.55 million current US$ | +10.2% |
| 1978 | 10.26 million current US$ | +56.7% |
| 1979 | 12.56 million current US$ | +22.4% |
| 1980 | 15.47 million current US$ | +23.1% |
| 1981 | 17.62 million current US$ | +13.9% |
| 1982 | 18.20 million current US$ | +3.3% |
| 1983 | 16.37 million current US$ | -10.0% |
| 1984 | 15.13 million current US$ | -7.6% |
| 1985 | 13.97 million current US$ | -7.6% |
| 1986 | 15.35 million current US$ | +9.9% |
| 1987 | 18.35 million current US$ | +19.6% |
| 1988 | 22.22 million current US$ | +21.1% |
| 1989 | 21.49 million current US$ | -3.3% |
| 1990 | 20.45 million current US$ | -4.8% |
| 1991 | 20.30 million current US$ | -0.7% |
| 1992 | 21.70 million current US$ | +6.9% |
| 1993 | 21.90 million current US$ | +0.9% |
| 1994 | 40.94 million current US$ | +87.0% |
| 1995 | 53.02 million current US$ | +29.5% |
| 1996 | 56.14 million current US$ | +5.9% |
| 1997 | 40.70 million current US$ | -27.5% |
| 1998 | 38.12 million current US$ | -6.3% |
| 1999 | 38.95 million current US$ | +2.2% |
| 2000 | 40.41 million current US$ | +3.7% |
| 2001 | 41.99 million current US$ | +3.9% |
| 2002 | 43.73 million current US$ | +4.2% |
| 2003 | 40.70 million current US$ | -6.9% |
| 2004 | 45.46 million current US$ | +11.7% |
| 2005 | 56.69 million current US$ | +24.7% |
| 2006 | 59.97 million current US$ | +5.8% |
| 2007 | 60.37 million current US$ | +0.7% |
| 2008 | 68.95 million current US$ | +14.2% |
| 2009 | 75.94 million current US$ | +10.1% |
| 2010 | 105.15 million current US$ | +38.5% |
| 2011 | 115.64 million current US$ | +10.0% |
| 2012 | 164.84 million current US$ | +42.5% |
| 2013 | 100.31 million current US$ | -39.1% |
| 2014 | 95.24 million current US$ | -5.1% |
| 2015 | 102.02 million current US$ | +7.1% |
| 2016 | 101.83 million current US$ | -0.2% |
| 2017 | 122.81 million current US$ | +20.6% |
| 2018 | 110.76 million current US$ | -9.8% |
| 2019 | 131.21 million current US$ | +18.5% |
| 2020 | 118.58 million current US$ | -9.6% |
| 2021 | 163.84 million current US$ | +38.2% |
| 2022 | 154.12 million current US$ | -5.9% |
| 2023 | 154.63 million current US$ | +0.3% |
| 2024 | 169.33 million current US$ | +9.5% |
Tonga compared with similar countries
- Tonga's 169.33 million current US$ is below the median for upper middle income countries, which is 10.71 billion current US$, 2% of the median. (51 countries reporting)
- Tonga's 169.33 million current US$ is below the median for East Asia & Pacific, which is 6.21 billion current US$, 3% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.54 million current US$ | 5.94 million current US$ | 12.56 million current US$ | 5 |
| 1980s | 17.42 million current US$ | 13.97 million current US$ | 22.22 million current US$ | 10 |
| 1990s | 35.22 million current US$ | 20.30 million current US$ | 56.14 million current US$ | 10 |
| 2000s | 53.42 million current US$ | 40.41 million current US$ | 75.94 million current US$ | 10 |
| 2010s | 114.98 million current US$ | 95.24 million current US$ | 164.84 million current US$ | 10 |
| 2020s | 152.10 million current US$ | 118.58 million current US$ | 169.33 million current US$ | 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 fixed capital formation in Tonga?
- Gross fixed capital formation in Tonga was 169.33 million current US$ 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 169.33 million current US$ in 2024.
- What is the lowest gross fixed capital formation recorded in Tonga?
- The lowest recorded value was 5.94 million current US$ in 1976.
- How does Tonga rank for gross fixed capital formation?
- Tonga ranks 177th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Tonga?
- Over the last ten years it is up 77.8%. 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 (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.