Tonga GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Tonga's GDP changed from approximately $71M in 1980 to $581M in 2024, showing an overall 718.3% sharply increased during the period.
The lowest GDP was recorded in 1980 at $71M, and the highest in 2024 at $581M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.9%.
For comparison, the average annual growth rate of Fiji was 3.5%, and that of Samoa was 4.9%.

Overview of Tonga's GDP (1980–2024)

The Gross Domestic Product (GDP) of Tonga recorded a 718.3% sharply increased from 1980 to 2024.
The average GDP during this period was $274M 955K, and the median was $218M.
GDP fluctuated within a range of $510M, with a standard deviation of $155M 362K.
The average annual change was $11M 470K.


Tonga GDP from 1980 to 2024

The total market value of goods and services produced annually in Tonga.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1980, $71M
    • Highest GDP: 2024, $581M
    • Most Recent GDP: 2024, $581M

    Notable Annual GDP Changes

    • 2012: Significant increase in GDP
    • 2009: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Tonga's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $511M → $490M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $299M → $312M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $203M → $181M
    • Outcome: sharply declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $222M → $212M
    • Outcome: declined

    Key Economic Indicators of Tonga (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 71M
    $ 770.30
    $ 723.13
    $ 67M
    15.8 %
    -4.613 %
    0 %
    0 %
    92,000 people
    1981
    $ 79M
    $ 850.55
    $ 897.51
    $ 83M
    14 %
    2.915 %
    0 %
    0 %
    93,000 people
    1982
    $ 79M
    $ 843.21
    $ 1,069.20
    $ 100M
    12.8 %
    4.704 %
    0 %
    0 %
    93,000 people
    1983
    $ 77M
    $ 818.46
    $ 1,163.07
    $ 110M
    5.8 %
    5.843 %
    0 %
    0 %
    94,000 people
    1984
    $ 81M
    $ 854.27
    $ 1,718.30
    $ 164M
    44.1 %
    5.396 %
    0 %
    0 %
    95,000 people
    1985
    $ 76M
    $ 802.93
    $ 1,881.75
    $ 178M
    5.6 %
    3.675 %
    0 %
    0 %
    95,000 people
    1986
    $ 90M
    $ 959.29
    $ 2,099.61
    $ 198M
    8.8 %
    -1.439 %
    0 %
    0 %
    94,000 people
    1987
    $ 98M
    $ 1,037.13
    $ 2,182.52
    $ 206M
    1.7 %
    6.024 %
    0 %
    0 %
    94,000 people
    1988
    $ 115M
    $ 1,213.22
    $ 2,169.55
    $ 206M
    -3.5 %
    -5.906 %
    0 %
    0 %
    95,000 people
    1989
    $ 139M
    $ 1,461.36
    $ 2,268.09
    $ 216M
    1.1 %
    -1.291 %
    0 %
    0 %
    95,000 people
    1990
    $ 144M
    $ 1,498.50
    $ 2,451.32
    $ 235M
    4.7 %
    -11.438 %
    0 %
    0 %
    96,000 people
    1991
    $ 169M
    $ 1,750.86
    $ 2,667.72
    $ 257M
    5.9 %
    -8.673 %
    0 %
    0 %
    96,000 people
    1992
    $ 178M
    $ 1,832.84
    $ 2,611.79
    $ 253M
    -3.8 %
    -5.921 %
    0 %
    0 %
    97,000 people
    1993
    $ 183M
    $ 1,884.49
    $ 2,658.71
    $ 259M
    -0.1 %
    -5.025 %
    0 %
    0 %
    97,000 people
    1994
    $ 189M
    $ 1,948.14
    $ 2,776.78
    $ 270M
    1.979 %
    -9.185 %
    0 %
    0 %
    97,000 people
    1995
    $ 207M
    $ 2,123.28
    $ 3,049.59
    $ 297M
    7.93 %
    -8.748 %
    0 %
    0 %
    97,000 people
    1996
    $ 218M
    $ 2,228.29
    $ 3,097.86
    $ 303M
    0.09 %
    -4.893 %
    0 %
    0 %
    98,000 people
    1997
    $ 222M
    $ 2,263.66
    $ 3,126.02
    $ 306M
    -0.636 %
    -0.706 %
    0 %
    0 %
    98,000 people
    1998
    $ 212M
    $ 2,153.24
    $ 3,220.76
    $ 317M
    2.306 %
    -8.588 %
    0 %
    0 %
    98,000 people
    1999
    $ 197M
    $ 1,994.28
    $ 3,327.60
    $ 328M
    2.296 %
    -0.49 %
    0 %
    2.293 %
    99,000 people