Tonga: Gross fixed capital formation (% of GDP)

Key figures

What the numbers say

In 2024, Tonga's gross fixed capital formation (% of GDP) fell 0.01 percentage points on 2023 (from 26.16% to 26.15%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.34 percentage points and a typical year strayed about 4.14 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 8.14 percentage points in 2021 and the biggest yearly fall was 12.79 percentage points in 2013. 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 23% 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 12th highest value of the 38 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

• Bahrain — 9th of 38: 28.88%
• Japan — 10th of 38: 27.81%
• Timor-Leste — 11th of 38: 27.01%
• Bahamas, The — 13th of 38: 25.75%
• Oman — 14th of 38: 25.54%
• Vanuatu — 15th of 38: 24.37%

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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 50 values

Gross fixed capital formation (% of GDP) in nearby economies

• Australia — 24.33% (2025)
• Brunei Darussalam — 26.91% (2025)
• Cambodia — 30.91% (2025)
• China — 39.65% (2024)
• Fiji — 20.09% (2024)
• French Polynesia — 21.91% (2024)
• Hong Kong SAR, China — 16.94% (2025)
• Indonesia — 28.77% (2025)
• Japan — 27.81% (2024)
• Kiribati — 29.04% (2024)

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

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Questions people ask

What is Tonga's gross fixed capital formation (% of GDP)?

26.15% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1975?

It is up 3.37 percentage points from 22.78% in 1975. The highest value was 34.99% in 2012 and the lowest 15.36% in 1991.

How does Tonga rank?

12th highest of 38 economies with data for 2024.

Is the latest change in gross fixed capital formation (% of GDP) unusual for Tonga?

In 2024, Tonga's gross fixed capital formation (% of GDP) fell 0.01 percentage points on 2023 (from 26.16% to 26.15%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.34 percentage points and a typical year strayed about 4.14 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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.ZS, 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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