Gross savings in Tonga
Tonga: Gross savings was 17.3% in 2024. ▼ Falling
Gross savings in Tonga, 1981–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
The most recent figure for gross savings in Tonga is 17.3%, measured in 2024.
Compared with earlier readings it is down 0.1% on the previous year and up 11.8% over ten years.
Over the whole period, gross savings in Tonga peaked at 38.0% in 1982 and was at its lowest, 9.0%, in 1991.
Tonga ranks 123rd of 177 countries on this measure, 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 GNI | Change |
|---|---|---|
| 1981 | 16.9% | — |
| 1982 | 38.0% | +124.8% |
| 1983 | 31.8% | -16.2% |
| 1984 | 23.9% | -24.8% |
| 1985 | 18.8% | -21.5% |
| 1986 | 22.2% | +18.5% |
| 1987 | 25.7% | +15.3% |
| 1988 | 10.7% | -58.4% |
| 1989 | 18.8% | +76.5% |
| 1990 | 25.6% | +35.8% |
| 1991 | 9.0% | -64.9% |
| 1992 | 20.4% | +127.8% |
| 1993 | 20.6% | +1.0% |
| 1994 | 16.5% | -20.1% |
| 2001 | 22.3% | +35.3% |
| 2002 | 20.0% | -10.5% |
| 2003 | 17.9% | -10.5% |
| 2004 | 19.6% | +9.6% |
| 2005 | 13.6% | -30.5% |
| 2006 | 15.7% | +15.1% |
| 2007 | 13.0% | -16.9% |
| 2008 | 12.4% | -4.5% |
| 2009 | 13.4% | +8.1% |
| 2010 | 14.8% | +10.0% |
| 2011 | 19.0% | +28.7% |
| 2012 | 23.0% | +21.0% |
| 2013 | 19.9% | -13.6% |
| 2014 | 15.5% | -22.2% |
| 2015 | 9.0% | -41.6% |
| 2016 | 14.5% | +60.5% |
| 2017 | 19.9% | +37.2% |
| 2018 | 18.0% | -9.3% |
| 2019 | 18.9% | +5.0% |
| 2020 | 19.4% | +2.5% |
| 2021 | 25.5% | +31.4% |
| 2022 | 26.3% | +3.0% |
| 2023 | 17.3% | -34.1% |
| 2024 | 17.3% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 23.0% | 10.7% | 38.0% | 9 |
| 1990s | 18.4% | 9.0% | 25.6% | 5 |
| 2000s | 16.4% | 12.4% | 22.3% | 9 |
| 2010s | 17.3% | 9.0% | 23.0% | 10 |
| 2020s | 21.2% | 17.3% | 26.3% | 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 17.3% 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 38.0% in 1982.
- What is the lowest gross savings recorded in Tonga?
- The lowest recorded value was 9.0% in 1991.
- How does Tonga rank for gross savings?
- Tonga ranks 123rd out of 177 countries with data for 2024.
- Is gross savings rising or falling in Tonga?
- Over the last ten years it is up 11.8%. 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 GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.