Tonga's gross fixed capital formation (constant 2015 US$) was US$149.77 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 56.3% from US$95.83 million in 2014 (4.57% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$149.77 million | 2024 |
| Five years earlier | US$121.06 million | 2019 |
| Ten years earlier | US$95.83 million | 2014 |
| Highest | US$149.77 million | 2024 |
| Lowest | US$69.06 million | 1994 |
| Average since 2015 | US$126.23 million | 2015–2024 |
| First recorded | US$69.06 million |
What the numbers say
In 2024, Tonga's gross fixed capital formation (constant 2015 US$) rose 9.2% on 2023 (from US$137.21 million to US$149.77 million).
Across the 29 yearly changes before that (1995 to 2023), the average change was +3.6% and a typical year strayed about 15.7% from that (the standard deviation). This year's change was 0.4 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 30.9% in 2021 and the biggest yearly fall was 27.4% 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 the straight-line trend is upward, about US$3.98 million a year. A straight line explains 46% 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 28th 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 | US$149.77 million | 2024 |
| World | US$23.95 trillion | 2024 |
Closest to Tonga in the 2024 ranking
- Timor-Leste — 24th of 31: US$480.08 million
- Solomon Islands — 25th of 31: US$343.23 million
- Vanuatu — 26th of 31: US$280.36 million
- Kiribati — 28th of 31: US$90.99 million
- Lebanon — 29th of 31: US$88.48 million
- Palau — 30th of 31: US$87.75 million
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 31 values
| Year | Gross fixed capital formation (constant 2015 US$) |
|---|---|
| 2024 | 149,772,585 |
| 2023 | 137,209,797 |
| 2022 | 133,920,520 |
| 2021 | 146,760,923 |
| 2020 | 112,133,340 |
| 2019 | 121,060,778 |
| 2018 | 100,868,274 |
| 2017 | 138,901,020 |
| 2016 | 119,621,793 |
| 2015 | 102,014,653 |
Gross fixed capital formation (constant 2015 US$) in nearby economies
- Australia — US$417.59 billion (2025)
- Brunei Darussalam — US$3.67 billion (2025)
- Cambodia — US$13.09 billion (2025)
- Hong Kong SAR, China — US$65.17 billion (2025)
- Indonesia — US$408.01 billion (2025)
- Japan — US$1.25 trillion (2024)
- Kiribati — US$90.99 million (2024)
- Korea, Rep. — US$519.1 billion (2025)
- Lao PDR — US$4.87 billion (2016)
- Macao SAR, China
More economic policy & debt data for Tonga
- Grants, excluding technical cooperation (BoP, current US$) — 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$108.76 million (2023)
Reading data like this
Questions people ask
- What is Tonga's gross fixed capital formation (constant 2015 US$)?
- US$149.77 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1994?
- It is up 116.86% from US$69.06 million in 1994 (2.61% a year on average, compounded). The highest value was US$149.77 million in 2024 and the lowest US$69.06 million in 1994.
- How does Tonga rank?
- 28th highest of 31 economies with data for 2024.
- Is the latest change in gross fixed capital formation (constant 2015 US$) unusual for Tonga?
- In 2024, Tonga's gross fixed capital formation (constant 2015 US$) rose 9.2% on 2023 (from US$137.21 million to US$149.77 million). Across the 29 yearly changes before that (1995 to 2023), the average change was +3.6% and a typical year strayed about 15.7% from that (the standard deviation). This year's change was 0.4 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, 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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