Tonga's gross fixed capital formation (annual % growth) was 9.16% in 2024, the latest year in the World Bank's World Development Indicators. That is down 1.29 percentage points from 10.45% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 9.16% | 2024 |
| Five years earlier | 20.02% | 2019 |
| Ten years earlier | 10.45% | 2014 |
| Highest | 30.88% | 2021 |
| Lowest | -27.38% | 2018 |
| Average since 2015 | 5.88% | 2015–2024 |
| First recorded | 29.03% | 1995 |
What the numbers say
In 2024, Tonga's gross fixed capital formation (annual % growth) rose 6.7 percentage points on 2023 (from 2.46% to 9.16%).
Across the 28 yearly changes before that (1996 to 2023), the average change was −0.95 percentage points and a typical year strayed about 25.27 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 47.4 percentage points in 2019 and the biggest yearly fall was 43.5 percentage points in 2018. 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 11th highest value of the 31 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.
| Value | Year | |
|---|---|---|
| Tonga | 9.16% | 2024 |
| World | 2.2% | 2024 |
Closest to Tonga in the 2024 ranking
- Morocco — 7th of 31: 12.83%
- Palau — 8th of 31: 12.65%
- Bosnia and Herzegovina — 9th of 31: 10.24%
- Oman — 11th of 31: 7.13%
- Kosovo — 12th of 31: 6.96%
- Kazakhstan — 13th of 31: 6.5%
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 30 values
| Year | Gross fixed capital formation (annual % growth) |
|---|---|
| 2024 | 9.16 |
| 2023 | 2.46 |
| 2022 | -8.75 |
| 2021 | 30.88 |
| 2020 | -7.37 |
| 2019 | 20.02 |
| 2018 | -27.38 |
| 2017 | 16.12 |
| 2016 | 17.26 |
| 2015 | 6.46 |
| 2014 |
Gross fixed capital formation (annual % growth) in nearby economies
- Australia — 1.58% (2025)
- Brunei Darussalam — -6.03% (2025)
- Cambodia — 3.68% (2025)
- Hong Kong SAR, China — 4.34% (2025)
- Indonesia — 5.09% (2025)
- Japan — -0.57% (2024)
- Kiribati — 27.09% (2024)
- Korea, Rep. — -3.23% (2025)
- Lao PDR — 7% (2016)
- Macao SAR, China
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 gross fixed capital formation (annual % growth)?
- 9.16% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 19.88 percentage points from 29.03% in 1995. The highest value was 30.88% in 2021 and the lowest -27.38% in 2018.
- How does Tonga rank?
- 11th highest of 31 economies with data for 2024.
- Is the latest change in gross fixed capital formation (annual % growth) unusual for Tonga?
- In 2024, Tonga's gross fixed capital formation (annual % growth) rose 6.7 percentage points on 2023 (from 2.46% to 9.16%). Across the 28 yearly changes before that (1996 to 2023), the average change was −0.95 percentage points and a typical year strayed about 25.27 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in