Tonga's terms of trade adjustment (constant LCU) was -19.57 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 53.19% from -41.81 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -19.57 million | 2024 |
| Five years earlier | 3.85 million | 2019 |
| Ten years earlier | -41.81 million | 2014 |
| Highest | 9.84 million | 2016 |
| Lowest | -56 million | 2007 |
| Average since 2015 | -11.48 million | 2015–2024 |
| First recorded | -17.11 million |
What the numbers say
In 2024, Tonga's terms of trade adjustment (constant LCU) rose 18.83 million on 2023 (from -38.4 million to -19.57 million).
Across the 29 yearly changes before that (1995 to 2023), the average change was −734,224 and a typical year strayed about 24.25 million from that (the standard deviation). This year's change was 0.8 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 54.09 million in 2008 and the biggest yearly fall was 41.63 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 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 17th highest value of the 29 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
- Marshall Islands — 14th of 29: 1.56 million
- Vanuatu — 15th of 29: 0
- Palau — 16th of 29: -7.95 million
- Bahamas, The — 18th of 29: -297.96 million
- New Zealand — 19th of 29: -628.28 million
- Oman — 20th of 29: -702.51 million
What this measures
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant 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 varies by country. This series is expressed in local currency units.
All 31 values
| Year | Terms of trade adjustment (constant LCU) |
|---|---|
| 2024 | -19,570,095 |
| 2023 | -38,402,250 |
| 2022 | 3,222,762 |
| 2021 | 3,908,991 |
| 2020 | -14,703,961 |
| 2019 | 3,852,192 |
| 2018 | -20,317,964 |
| 2017 | 0 |
| 2016 | 9,841,417 |
| 2015 | -42,589,307 |
| 2014 |
Terms of trade adjustment (constant LCU) in nearby economies
- American Samoa — 3.96 million (2022)
- Australia — -26.77 billion (2025)
- Brunei Darussalam — -970.77 million (2025)
- Cambodia — 5.99 trillion (2025)
- Guam — 1.01 million (2022)
- Hong Kong SAR, China — 24.07 billion (2025)
- Indonesia — -312.72 trillion (2025)
- Japan — -9.53 trillion (2024)
- Kiribati — 3.53 million (2024)
- Korea, Rep. — -41.6 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)
Reading data like this
Questions people ask
- What is Tonga's terms of trade adjustment (constant LCU)?
- -19.57 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1994?
- It is down 14.38% from -17.11 million in 1994. The highest value was 9.84 million in 2016 and the lowest -56 million in 2007.
- How does Tonga rank?
- 17th highest of 29 economies with data for 2024.
- Is the latest change in terms of trade adjustment (constant LCU) unusual for Tonga?
- In 2024, Tonga's terms of trade adjustment (constant LCU) rose 18.83 million on 2023 (from -38.4 million to -19.57 million). Across the 29 yearly changes before that (1995 to 2023), the average change was −734,224 and a typical year strayed about 24.25 million from that (the standard deviation). This year's change was 0.8 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 NY.TTF.GNFS.KN, 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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