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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 12,230 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 2021 was around 5.64%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 23.5 percent lower.
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 3.1 to 3.6 percent. The inflation rate fell from 1.2 percent previously to -0.3 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

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



Imports and Exports 2021

 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 - 2021

Exports
Imports



Tonga: AirportsThe 6 airports in TongaThe 6 biggest airports in Tonga
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Greece: TourismDevelopment and importance of tourism for GreeceInternational travelers and tourism sector revenues from 1995-2020 in Greece, including comparison with other countries in Southern Europe