Economic Trivia

Tourism is the second-largest source of earnings for the country.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): New Zealand, Singapore, and United States
Top 3 Exported Goods (2014): Seafood, Vegetables, and Oil & Mineral Fuels

Top Industries Source: CIA World Factbook

Tourism; Construction; Fishing

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $718,636,613 (2021)
GDP Growth Rate (annual %) -2.668% (2021)
GDP Per Capita, PPP (current international) $6,779 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 191/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 10.971% (2022)
External debt stocks, total (DOD, current US$) $223,626,734 (2021)
Total tax rate (% of commercial profits) 27.5% (2019)
Real Interest Rate (5 year average %) -0.6% (2022)
Manufacturing, value added (% of GDP) 5.189% (2021)
Current Account Balance (BoP, current US$) ($31,432,414) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 37,459 (2022)
Employment in Agriculture (% of total employment) 30.381% (2021)
Employment in Industry (% of total employment) 26.919% (2021)
Employment in Services (% of total employment) 42.7% (2021)
Unemployment Rate 3.011% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $285,500,937 (2021)
Exports of goods and services (current US$) $58,759,863 (2021)
Total Merchandise Trade (% of GDP) 42.577% (2022)
FDI, net inflows (BoP, current US$) $2,867,487 (2022)
Commercial Service Exports (current US$) $42,414,329 (2022)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Tonga’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank