Tonga: Gross Value Added (GVA) at basic prices (constant 2015 US$)

Key figures

What the numbers say

In 2024, Tonga's gross Value Added (GVA) at basic prices (constant 2015 US$) rose 4.1% on 2023 (from US$410.3 million to US$427.12 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +1.2% and a typical year strayed about 2.6% from that (the standard deviation). This year's change was 1.1 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 6.7% in 1995 and the biggest yearly fall was 3.4% in 2006. 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$3.54 million a year. A straight line explains 64% 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 22nd highest value of the 25 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

• Timor-Leste — 19th of 25: US$1.62 billion
• Solomon Islands — 20th of 25: US$1.45 billion
• Vanuatu — 21st of 25: US$955.45 million
• Kiribati — 23rd of 25: US$273.29 million
• Palau — 24th of 25: US$233.52 million
• Marshall Islands — 25th of 25: US$211.17 million

What this measures

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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 50 values

Gross Value Added (GVA) at basic prices (constant 2015 US$) in nearby economies

• Australia — US$1.59 trillion (2025)
• Brunei Darussalam — US$14.03 billion (2025)
• Cambodia — US$38.08 billion (2025)
• Fiji — US$4.32 billion (2025)
• Hong Kong SAR, China — US$335.83 billion (2025)
• Indonesia — US$1.25 trillion (2025)
• Japan — US$4.72 trillion (2024)
• Kiribati — US$273.29 million (2024)
• Korea, Rep. — US$1.81 trillion (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)

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Questions people ask

What is Tonga's gross Value Added (GVA) at basic prices (constant 2015 US$)?

US$427.12 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1975?

It is up 125.89% from US$189.08 million in 1975 (1.68% a year on average, compounded). The highest value was US$427.12 million in 2024 and the lowest US$189.08 million in 1975.

How does Tonga rank?

22nd highest of 25 economies with data for 2024.

Is the latest change in gross Value Added (GVA) at basic prices (constant 2015 US$) unusual for Tonga?

In 2024, Tonga's gross Value Added (GVA) at basic prices (constant 2015 US$) rose 4.1% on 2023 (from US$410.3 million to US$427.12 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.2% and a typical year strayed about 2.6% from that (the standard deviation). This year's change was 1.1 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 NY.GDP.FCST.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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