Gross savings in Tonga
Tonga: Gross savings was 18.5% in 2024. ▼ Falling
Gross savings in Tonga, 1981–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Tonga recorded 18.5% for gross savings in 2024.
The figure is down 0.6% on the previous year and up 19.0% over ten years.
Over the whole period, gross savings in Tonga peaked at 39.9% in 1982 and was at its lowest, 9.1%, in 2015.
That places Tonga 110th out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 38 years of available data.
Gross savings in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 17.9% | — |
| 1982 | 39.9% | +122.1% |
| 1983 | 32.6% | -18.1% |
| 1984 | 24.7% | -24.4% |
| 1985 | 19.6% | -20.6% |
| 1986 | 23.5% | +19.7% |
| 1987 | 26.7% | +13.8% |
| 1988 | 11.4% | -57.3% |
| 1989 | 19.6% | +71.8% |
| 1990 | 26.2% | +33.9% |
| 1991 | 9.1% | -65.2% |
| 1992 | 20.7% | +126.3% |
| 1993 | 20.8% | +0.7% |
| 1994 | 17.2% | -17.1% |
| 2001 | 22.4% | +30.0% |
| 2002 | 20.3% | -9.2% |
| 2003 | 18.0% | -11.7% |
| 2004 | 19.8% | +10.2% |
| 2005 | 13.6% | -31.3% |
| 2006 | 15.9% | +17.4% |
| 2007 | 13.2% | -17.1% |
| 2008 | 12.6% | -4.4% |
| 2009 | 13.9% | +9.6% |
| 2010 | 15.3% | +10.2% |
| 2011 | 19.6% | +28.2% |
| 2012 | 23.7% | +21.1% |
| 2013 | 20.4% | -14.0% |
| 2014 | 15.6% | -23.6% |
| 2015 | 9.1% | -41.4% |
| 2016 | 14.7% | +61.3% |
| 2017 | 20.7% | +40.5% |
| 2018 | 18.9% | -8.6% |
| 2019 | 20.2% | +6.7% |
| 2020 | 20.8% | +3.1% |
| 2021 | 26.8% | +28.9% |
| 2022 | 27.5% | +2.6% |
| 2023 | 18.6% | -32.2% |
| 2024 | 18.5% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 24.0% | 11.4% | 39.9% | 9 |
| 1990s | 18.8% | 9.1% | 26.2% | 5 |
| 2000s | 16.6% | 12.6% | 22.4% | 9 |
| 2010s | 17.8% | 9.1% | 23.7% | 10 |
| 2020s | 22.5% | 18.5% | 27.5% | 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 savings in Tonga?
- Gross savings in Tonga was 18.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Tonga?
- The highest recorded value was 39.9% in 1982.
- What is the lowest gross savings recorded in Tonga?
- The lowest recorded value was 9.1% in 2015.
- How does Tonga rank for gross savings?
- Tonga ranks 110th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Tonga?
- Over the last ten years it is up 19.0%. The long-run trend across the full record is falling.
- Where does this Tonga data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.