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Tonga

Pule'anga Fakatu'i 'o Tonga

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

revenues

$276.025 million (2023 est.)

expenditures

$244.97 million (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$59.926 million (2022 est.)

Exports 2023

$95.345 million (2023 est.)

Exports 2024

$119.511 million (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$330.306 million (2022 est.)

Imports 2023

$383.475 million (2023 est.)

Imports 2024

$392.888 million (2024 est.)

Industries

tourism, construction, fishing

Labor force

34,800 (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: central government debt as a % of GDP

Public debt 2020

43.9% of GDP (2020 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

42% of GDP (2021 est.)

Remittances 2022

41.9% of GDP (2022 est.)

Remittances 2023

50% of GDP (2023 est.)

Exchange rates

Currency

pa'anga (TOP) per US dollar -

Exchange rates 2020

2.3 (2020 est.)

Exchange rates 2021

2.265 (2021 est.)

Exchange rates 2022

2.328 (2022 est.)

Exchange rates 2023

2.364 (2023 est.)

Exchange rates 2024

2.373 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$159.276 million (2023 est.)

Economic overview

upper middle-income Pacific island economy; enormous diaspora and remittance reliance; key tourism and agricultural sectors; major fish exporter; rapidly growing Chinese infrastructure investments; rising methamphetamine hub

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

2.4% (2022 est.)

Unemployment rate 2023

2.3% (2023 est.)

Unemployment rate 2024

2.2% (2024 est.)

Exports - partners

Guyana 17%, USA 17%, NZ 15%, Australia 15%, UAE 12% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Fiji 27%, NZ 24%, China 21%, Australia 8%, USA 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2021

$7,000 (2021 est.)

Real GDP per capita 2022

$6,900 (2022 est.)

Real GDP per capita 2023

$7,100 (2023 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2021

0.4% (2021 est.)

Real GDP growth rate 2022

-2.3% (2022 est.)

Real GDP growth rate 2023

2.1% (2023 est.)

Agricultural products

coconuts, pumpkins/squash, cassava, sweet potatoes, vegetables, yams, taro, root vegetables, plantains, lemons/limes (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

refined petroleum, gold, processed fruits and nuts, cassava, fish (2023)

note: top five export commodities based on value in dollars

Imports - commodities

refined petroleum, plastic products, poultry, cars, sheep and goat meat (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

-$27.749 million (2022 est.)

Current account balance 2023

-$30.087 million (2023 est.)

Current account balance 2024

-$21.165 million (2024 est.)

Taxes and other revenues

23.8% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$508.735 million (2023 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

107.6% (2023 est.)

government consumption

29.1% (2023 est.)

investment in inventories

-0.3% (2023 est.)

investment in fixed capital

27.3% (2023 est.)

exports of goods and services

18.8% (2023 est.)

imports of goods and services

-75.4% (2023 est.)

Population below poverty line

20.6% (2021 est.)

note: % of population with income below national poverty line

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

11% (2022 est.)

Inflation rate (consumer prices) 2023

6.4% (2023 est.)

Inflation rate (consumer prices) 2024

3.2% (2024 est.)

Industrial production growth rate

-11.1% (2023 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2021

$742.114 million (2021 est.)

Real GDP (purchasing power parity) 2022

$724.972 million (2022 est.)

Real GDP (purchasing power parity) 2023

$740.082 million (2023 est.)

Youth unemployment rate (ages 15-24)

male

3.9% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

6.3% (2024 est.)

female

10% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$375.564 million (2022 est.)

Reserves of foreign exchange and gold 2023

$396.53 million (2023 est.)

Reserves of foreign exchange and gold 2024

$377.299 million (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

13.5% (2023 est.)

services

50.2% (2023 est.)

agriculture

17.5% (2023 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

4% (2021 est.)

highest 10%

22% (2021 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2021

27.1 (2021 est.)