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) | $662,479,517 (2018) |
| GDP Growth Rate (annual %) | 0.3% (2018) |
| GDP Per Capita, PPP (current international) | $6,420 (2018) |
GDP Country Rank 190/196 (2018)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 7.442% (2017) |
| External debt stocks, total (DOD, current US$) | $188,682,704 (2018) |
| Total tax rate (% of commercial profits) | 27.5% (2019) |
| Real Interest Rate (5 year average %) | 4.295% (2018) |
| Manufacturing, value added (% of GDP) | 6.206% (2016) |
| Current Account Balance (BoP, current US$) | ($28,631,790) (2018) |
Labor and Employment [1]
| Labor Force, Total | 40,750 (2019) |
| Employment in Agriculture (% of total employment) | 24.189% (2019) |
| Employment in Industry (% of total employment) | 29.105% (2019) |
| Employment in Services (% of total employment) | 46.706% (2019) |
| Unemployment Rate | 1.117% (2019) |
Trade [1]
| Imports of goods and services (current US$) | $341,918,133 (2018) |
| Exports of goods and services (current US$) | $100,419,364 (2018) |
| Total Merchandise Trade (% of GDP) | 53.958% (2018) |
| FDI, net inflows (BoP, current US$) | $15,047,474 (2018) |
| Commercial Service Exports (current US$) | $86,606,057 (2018) |
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.