Tonga: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| 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 Industries Source: CIA World Factbook | Tourism; Construction; Fishing |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $643,425,798 (2017) |
| GDP Growth Rate (annual %) | 2.7% (2017) |
| GDP Per Capita, PPP (current international) | $5,957 (2017) |
GDP Country Rank 189/195 (2017)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.58% (2016) |
| External debt stocks, total (DOD, current US$) | $159,855,000 (2016) |
| Total tax rate (% of commercial profits) | 27.5% (2017) |
| Real Interest Rate (5 year average %) | 4.632% (2017) |
| Manufacturing, value added (% of GDP) | 6.206% (2016) |
| Current Account Balance (BoP, current US$) | ($56,482,608) (2015) |
Labor and Employment [1]
| Labor Force, Total | 41,220 (2017) |
| Employment in Agriculture (% of total employment) | 31.692% (2017) |
| Employment in Industry (% of total employment) | 31.552% (2017) |
| Employment in Services (% of total employment) | 36.755% (2017) |
| Unemployment Rate | 1.129% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $273,541,465 (2016) |
| Exports of goods and services (current US$) | $85,586,294 (2016) |
| Total Merchandise Trade (% of GDP) | 53.983% (2017) |
| FDI, net inflows (BoP, current US$) | $8,855,570 (2016) |
| Commercial Service Exports (current US$) | $64,296,876 (2015) |
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.