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Indicators of economy in Tonga

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Tonga, on the other hand, reached USD 4,426 per capita, or 469.23 million USD for the whole country. Tonga is currently at number 203 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant, taking purchasing power parity into account, then Tonga ranks 130th in the list of the richest countries.

Inflation in Tonga in 2022 was around 10.97%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.

The index for perceived corruption in the public sector is 31, which is below average by global standards.


Back to overview: Tonga

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic were not insignificant in Tonga 2020. Overall, gross domestic product in 2020 fell from 512.06 million US dollars to 484.81 million US dollars. With a drop of 5.3 percent, the economy in Tonga suffered more significant losses than other countries. The tourism sector alone slumped by around 16 percent. The unemployment rate rose from 2.2 to 2.7 percent. The country's gross debt fell by 2.0 percent. The inflation rate fell from 1.2 percent previously to -0.3 percent by the end of 2020.

In 2021, gross domestic product declined again, falling to 469.23 million U.S. dollars (=91.6% of 2019).

Income and purchasing power

The average monthly income in Tonga is 411 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 23.2 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Tonga than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 90.9 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

Economic performance 2021

 Tonga
Total		Tonga
per capita		EU
Total		EU
per capita
GDP469.23 m USD4,426.00 USD17.177 tn USD33,384.92 USD
Gross national product522.27 m USD4,926.27 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in millions of USD 1975 - 2021


› Debt budget development
› Development of inflation
› Corruption in Tonga
› Cost of living in a global comparison


Imports and Exports 2022

 Tonga
Total		Tonga
per capita		EU
Total		EU
per capita
Imports285.68 m USD2,694.66 USD8.916 tn USD17,329.02 USD
Exports58.75 m USD554.16 USD9.554 tn USD18,569.19 USD


Development of imports and exports in millions of USD 1971 - 2022

Exports
Imports



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