Gross fixed capital formation in Tonga
Tonga: Gross fixed capital formation was 26.2% in 2024. ▲ Rising
Gross fixed capital formation in Tonga, 1975–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross fixed capital formation in Tonga stood at 26.2%.
That represents a change of up 21.1% over ten years.
Over the whole period, gross fixed capital formation in Tonga peaked at 35.0% in 2012 and was at its lowest, 15.4%, in 1991.
That places Tonga 49th out of 180 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Gross fixed capital formation in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 22.8% | — |
| 1976 | 19.8% | -13.2% |
| 1977 | 19.2% | -3.1% |
| 1978 | 24.7% | +28.7% |
| 1979 | 28.1% | +13.9% |
| 1980 | 29.0% | +3.3% |
| 1981 | 28.3% | -2.5% |
| 1982 | 29.3% | +3.6% |
| 1983 | 26.9% | -8.3% |
| 1984 | 23.5% | -12.5% |
| 1985 | 23.3% | -1.2% |
| 1986 | 22.5% | -3.2% |
| 1987 | 22.5% | -0.2% |
| 1988 | 20.8% | -7.3% |
| 1989 | 20.2% | -3.0% |
| 1990 | 18.0% | -10.9% |
| 1991 | 15.4% | -14.7% |
| 1992 | 15.8% | +3.1% |
| 1993 | 15.8% | -0.1% |
| 1994 | 20.9% | +32.1% |
| 1995 | 25.4% | +21.5% |
| 1996 | 25.3% | -0.4% |
| 1997 | 18.9% | -25.1% |
| 1998 | 19.9% | +5.1% |
| 1999 | 19.6% | -1.8% |
| 2000 | 19.7% | +0.9% |
| 2001 | 23.2% | +17.5% |
| 2002 | 23.9% | +3.2% |
| 2003 | 20.1% | -15.9% |
| 2004 | 19.7% | -2.1% |
| 2005 | 21.7% | +9.9% |
| 2006 | 20.5% | -5.2% |
| 2007 | 20.2% | -1.4% |
| 2008 | 20.0% | -1.0% |
| 2009 | 24.3% | +21.4% |
| 2010 | 28.7% | +17.9% |
| 2011 | 27.9% | -2.6% |
| 2012 | 35.0% | +25.3% |
| 2013 | 22.2% | -36.5% |
| 2014 | 21.6% | -2.7% |
| 2015 | 23.3% | +8.0% |
| 2016 | 24.2% | +3.8% |
| 2017 | 26.7% | +10.3% |
| 2018 | 22.4% | -15.9% |
| 2019 | 25.9% | +15.5% |
| 2020 | 23.4% | -9.7% |
| 2021 | 31.5% | +34.8% |
| 2022 | 27.7% | -12.2% |
| 2023 | 26.2% | -5.5% |
| 2024 | 26.2% | -0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.9% | 19.2% | 28.1% | 5 |
| 1980s | 24.6% | 20.2% | 29.3% | 10 |
| 1990s | 19.5% | 15.4% | 25.4% | 10 |
| 2000s | 21.3% | 19.7% | 24.3% | 10 |
| 2010s | 25.8% | 21.6% | 35.0% | 10 |
| 2020s | 27.0% | 23.4% | 31.5% | 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)
- Services, value added (constant LCU), per capita 5,071 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 2.96 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 12.1 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8578 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 5,331 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 12.69 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 2.04 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 12,657 current LCU per person (2024)
Frequently asked questions
- What is gross fixed capital formation in Tonga?
- Gross fixed capital formation in Tonga was 26.2% 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 35.0% in 2012.
- What is the lowest gross fixed capital formation recorded in Tonga?
- The lowest recorded value was 15.4% in 1991.
- How does Tonga rank for gross fixed capital formation?
- Tonga ranks 49th out of 180 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Tonga?
- Over the last ten years it is up 21.1%. 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 (% of GDP). 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 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.