Tonga's external balance on goods and services (current LCU) was -673 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 106% from -326.69 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -673 million | 2024 |
| Five years earlier | -501.01 million | 2019 |
| Ten years earlier | -326.69 million | 2014 |
| Highest | -7.18 million | 1977 |
| Lowest | -699.92 million | 2023 |
| Average since 2015 | -521.63 million | 2015–2024 |
| First recorded | -7.32 million |
What the numbers say
In 2024, Tonga's external balance on goods and services (current LCU) rose 26.92 million on 2023 (from -699.92 million to -673 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was −21.56 million and a typical year strayed about 30.76 million from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 41.84 million in 2016 and the biggest yearly fall was 85.48 million in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 35.55 million a year. A straight line explains 92% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Tonga had the 18th highest value of the 34 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Tonga in the 2024 ranking
- Palau — 15th of 34: -129.93 million
- Kiribati — 16th of 34: -484.01 million
- Bahamas, The — 17th of 34: -581.9 million
- Fiji — 19th of 34: -1.37 billion
- Timor-Leste — 20th of 34: -1.39 billion
- Solomon Islands — 21st of 34: -4.05 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 50 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2024 | -672,999,000 |
| 2023 | -699,921,300 |
| 2022 | -614,437,400 |
| 2021 | -548,684,900 |
| 2020 | -496,647,300 |
| 2019 | -501,008,500 |
| 2018 | -472,935,600 |
| 2017 | -444,247,700 |
| 2016 | -361,768,600 |
| 2015 | -403,605,400 |
External balance on goods and services (current LCU) in nearby economies
- American Samoa — -268 million (2022)
- Australia — 16.32 billion (2025)
- Brunei Darussalam — 3.84 billion (2025)
- Cambodia — 2.48 trillion (2025)
- China — 5.87 trillion (2025)
- Fiji — -1.37 billion (2024)
- French Polynesia — -194.1 billion (2024)
- Guam — -3.88 billion (2022)
- Hong Kong SAR, China — 95.62 billion (2025)
More economic policy & debt data for Tonga
- Grants, excluding technical cooperation (BoP, current US$) — US$121.36 million (2023)
- Technical cooperation grants (BoP, current US$) — US$9.6 million (2023)
- Net official development assistance and official aid received (current US$) — US$129.55 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$129.55 million (2023)
- Net official development assistance received (current US$) — US$129.55 million (2023)
- Net official development assistance received (constant 2023 US$) — US$129.55 million (2023)
- Net ODA received per capita (current US$) — US$1,239 (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$108.76 million (2023)
Reading data like this
Questions people ask
- What is Tonga's external balance on goods and services (current LCU)?
- -673 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is down 9,091% from -7.32 million in 1975. The highest value was -7.18 million in 1977 and the lowest -699.92 million in 2023.
- How does Tonga rank?
- 18th highest of 34 economies with data for 2024.
- Is the latest change in external balance on goods and services (current LCU) unusual for Tonga?
- In 2024, Tonga's external balance on goods and services (current LCU) rose 26.92 million on 2023 (from -699.92 million to -673 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −21.56 million and a typical year strayed about 30.76 million from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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