Current account balance in Tonga
Tonga: Current account balance was -43.52 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Tonga, 1971–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Tonga recorded -43.52 million BoP, current US$ for current account balance in 2024.
That represents a change of up 7.2% on the previous year and down 57.5% over ten years.
Over the whole period, current account balance in Tonga peaked at 12.78 million BoP, current US$ in 1990 and was at its lowest, -93.85 million BoP, current US$, in 2009.
That places Tonga 82nd out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.06 million BoP, current US$ | -2.40 million BoP, current US$ | 804,644 BoP, current US$ | 9 |
| 1980s | -1.65 million BoP, current US$ | -11.24 million BoP, current US$ | 4.88 million BoP, current US$ | 10 |
| 1990s | -1.24 million BoP, current US$ | -18.57 million BoP, current US$ | 12.78 million BoP, current US$ | 5 |
| 2000s | -32.63 million BoP, current US$ | -93.85 million BoP, current US$ | -6.33 million BoP, current US$ | 9 |
| 2010s | -50.42 million BoP, current US$ | -87.44 million BoP, current US$ | -27.63 million BoP, current US$ | 10 |
| 2020s | -44.13 million BoP, current US$ | -49.57 million BoP, current US$ | -33.59 million BoP, current US$ | 5 |
Countries ranked near Tonga
- 79 Comoros -24.62 million BoP, current US$ compare
- 80 Central African Republic -24.68 million BoP, current US$ compare
- 81 Chad -37.74 million BoP, current US$ compare
- 83 Kiribati -61.35 million BoP, current US$ compare
- 84 Solomon Islands -66.23 million BoP, current US$ compare
- 85 Estonia -69.99 million BoP, current US$ compare
More economy & growth data for Tonga
- Manufacturing, value added 63.22 million constant LCU (2024)
- Households and NPISHs final consumption expenditure 96.2% (2024)
- Final consumption expenditure 775.34 million current US$ (2024)
- Final consumption expenditure 1.84 billion current LCU (2024)
- Final consumption expenditure 642.46 million constant 2015 US$ (2024)
- Final consumption expenditure 0.9% (2024)
- Manufacturing, value added 5.5% (2024)
- Final consumption expenditure 119.7% (2024)
- Exports of goods and services 109.42 million current US$ (2024)
- Gross national expenditure 146.1% (2024)
Frequently asked questions
- What is current account balance in Tonga?
- Current account balance in Tonga was -43.52 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Tonga?
- The highest recorded value was 12.78 million BoP, current US$ in 1990.
- What is the lowest current account balance recorded in Tonga?
- The lowest recorded value was -93.85 million BoP, current US$ in 2009.
- How does Tonga rank for current account balance?
- Tonga ranks 82nd out of 199 countries with data for 2024.
- Is current account balance rising or falling in Tonga?
- Over the last ten years it is down 57.5%. The long-run trend across the full record is volatile.
- Where does this Tonga data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.