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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
