Global Macro Expert
Beta Siller Advisory

Macro

Tonga

East Asia & Pacific · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 5.3%
Current prices2025
1USD bn
GDP per capita▲ 5.5%
Current prices2025
6,858USD
Real GDP growth▲ 1.1 pp
Annual change2025
2.8%
Inflation▼ 4.8 pp
Average consumer prices2025
3.2%
Government debt▼ 4.5 pp
General government, gross2025
27.4% of GDP
Current account▼ 2.0 pp
Balance2025
-5.3% of GDP
Population▼ 0.3%
Total2025
0.10million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-5.20.07.91995: 7.9%1996: 0.1%1997: -0.6%1998: 2.3%1999: 2.3%2000: 3.8%2001: 1.5%2002: 4.5%2003: 0.1%2004: -1.9%2005: -0.4%2006: -2.2%2007: -2.5%2008: 4.8%2009: -5.2%2010: 0.8%2011: 6.8%2012: 2.4%2013: -1.1%2014: 2.0%2015: 1.1%2016: 6.6%2017: 3.2%2018: 0.5%2019: -0.3%2020: 1.8%2021: -0.9%2022: -2.1%2023: 2.8%2024: 1.7%2025: 2.8%2026: 2.3% (IMF projection)2027: 1.3% (IMF projection)2028: 1.3% (IMF projection)2029: 1.3% (IMF projection)2030: 1.3% (IMF projection)2031: 1.3% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
-0.60.012.61995: -0.5%1996: 2.7%1997: 0.6%1998: 2.9%1999: 3.9%2000: 4.9%2001: 7.3%2002: 10.0%2003: 10.7%2004: 11.8%2005: 10.0%2006: 7.2%2007: 5.0%2008: 9.6%2009: 5.5%2010: 1.7%2011: 6.0%2012: 3.3%2013: 0.7%2014: 2.3%2015: 0.1%2016: -0.6%2017: 7.2%2018: 6.1%2019: 4.1%2020: 0.2%2021: 0.6%2022: 6.6%2023: 12.6%2024: 8.0%2025: 3.2%2026: 3.8% (IMF projection)2027: 6.2% (IMF projection)2028: 3.6% (IMF projection)2029: 3.6% (IMF projection)2030: 3.6% (IMF projection)2031: 3.6% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %-0.9-2.12.81.72.82.31.31.31.31.3
Inflation, average consumer prices %0.66.612.68.03.23.86.23.63.63.6
GDP, current prices USD bn1111111111
GDP per capita, current prices USD5,1975,5355,9796,4986,8587,2387,6257,8248,1198,419
GDP per capita, PPP Int. USD6,4676,7977,2637,5908,0448,4888,8129,0969,3979,714
General government gross debt % of GDP43.040.237.231.927.434.441.148.957.667.3
General government net lending/borrowing % of GDP-0.9-0.15.33.64.9-8.4-8.0-9.3-10.3-11.7
Current account balance % of GDP-6.3-5.0-5.1-3.3-5.3-7.4-7.5-6.8-6.2-6.0
Population million0.100.100.100.100.100.100.100.100.100.10

Government debt, % of GDP

General government gross debt
0.076.72000: 44%2001: 53%2002: 61%2003: 56%2004: 52%2005: 43%2006: 40%2007: 38%2008: 34%2009: 40%2010: 45%2011: 52%2012: 60%2013: 49%2014: 47%2015: 51%2016: 49%2017: 45%2018: 45%2019: 42%2020: 42%2021: 43%2022: 40%2023: 37%2024: 32%2025: 27%2026: 34% (IMF projection)2027: 41% (IMF projection)2028: 49% (IMF projection)2029: 58% (IMF projection)2030: 67% (IMF projection)2031: 77% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-23.80.02000: -5.0%2001: -11.7%2002: -7.8%2003: -2.6%2004: -4.6%2005: -9.5%2006: -6.6%2007: -12.5%2008: -6.2%2009: -18.1%2010: -23.8%2011: -20.2%2012: -16.4%2013: -9.6%2014: -6.3%2015: -10.9%2016: -7.5%2017: -7.1%2018: -7.0%2019: -3.7%2020: -5.6%2021: -6.3%2022: -5.0%2023: -5.1%2024: -3.3%2025: -5.3%2026: -7.4% (IMF projection)2027: -7.5% (IMF projection)2028: -6.8% (IMF projection)2029: -6.2% (IMF projection)2030: -6.0% (IMF projection)2031: -5.9% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199520.718.77.647.2
200517.816.77.351.3
201516.915.56.053.4
202418.617.75.549.5

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method6,840USD2025+62.1%
GNI, Atlas method1USD bn2025+58.4%
Exports of goods and services16.9% of GDP2024-0.0 pp
Imports of goods and services60.7% of GDP2024+2.9 pp
Life expectancy at birth73.1years2024+1.9%
Urban population21.2% of total2025-2.1 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)