Tonga GDP Per Capita 2023

[ Nominal GDP Per Capita in USD ]

Year -

$5,651.59

Source: world bank Nominal/PPP
Summary:

Tonga GDP Per Capita expanded from 1975 to 2023, increasing from $349.47 to $5,651.59 .The compound annual growth rate (CAGR) averaged 5.97% over the period. The economy recorded its peak level in 2023 and its lowest level in 1976. Growth volatility remained high. The maximum drawdown reached 20.83%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.

Latest GDP Per Capita of Tonga 2023 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20232023
Latest GDP Per Capita$ 5,651.59 dollars$ 7,802.67 Int dollars
Growth (YoY)6.674%6.942%
Net Change vs Previous Year$ 353.57 dollars$ 506.50 Int dollars
% of World GDP Per Capita5.29%4.14%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
Tonga GDP | Tonga GDP Growth

Tonga Annual GDP Per Capita From 1960 to 2023

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
1960------
1961------
1962------
1963------
1964------
1965------
1966------
1967------
1968------
1969------
1970------
1971------
1972------
1973------
1974------
1975349.47-----
1976315.09-34.38-9.837 %---
1977352.9537.8612.015 %---
1978427.6374.6821.158 %---
1979457.9230.297.082 %---
1980544.7586.8418.964 %---
1981635.7190.9616.697 %---
1982633.48-2.24-0.352 %---
1983621.07-12.4-1.958 %---
1984655.6634.595.569 %---
1985612.94-42.72-6.515 %---
1986695.8182.8613.519 %---
1987830.15134.3519.308 %---
19881077.68247.5329.817 %---
19891069.84-7.85-0.728 %---
19901139.0669.226.47 %2415.76--
19911323.4184.3516.184 %2652.48236.729.799 %
19921370.3646.963.548 %2716.363.832.406 %
19931383.4713.110.957 %2882.3165.996.111 %
19941956.66573.1941.431 %3087.69205.397.126 %
19952084.03127.376.509 %3346.8259.118.392 %
19962214.91130.896.28 %3409.5462.741.875 %
19972135.52-79.39-3.585 %3433.8424.30.713 %
19981888.83-246.69-11.552 %3527.0393.192.714 %
19991952.1563.313.352 %3635.7108.673.081 %
20001995.0842.932.199 %3833.93198.235.452 %
20011753.52-241.56-12.108 %3955.23121.33.164 %
20021759.485.960.34 %4170.94215.715.454 %
20031936.04176.5610.035 %4231.4560.521.451 %
20042195.45259.4113.399 %4235.123.670.087 %
20052477.73282.2812.857 %4314.5579.431.875 %
20062750.35272.6211.003 %4327.4512.90.299 %
20072797.0746.721.699 %4315.94-11.5-0.266 %
20083218.45421.3915.065 %4600.35284.46.59 %
20092914.24-304.22-9.452 %4383.81-216.54-4.707 %
20103416.08501.8517.22 %4465.4681.651.863 %
20113849.99433.9112.702 %4855.43389.978.733 %
20124384.17534.1813.875 %4996.44141.022.904 %
20134219.25-164.92-3.762 %5119.69123.252.467 %
20144136.59-82.66-1.959 %5335.92216.224.223 %
20154123.9-12.69-0.307 %5471.8135.882.547 %
20163987.99-135.92-3.296 %5920.16448.368.194 %
20174365.93377.949.477 %6229.07308.915.218 %
20184675.05309.127.08 %6392.6163.532.625 %
20194788.83113.792.434 %6473.3280.721.263 %
20204792.363.530.074 %6675.6202.283.125 %
20214922.8130.442.722 %6929.18253.573.799 %
20225298.02375.227.622 %7296.17366.995.296 %
20235651.59353.576.674 %7802.67506.56.942 %
2024------

Tonga Economic Phases (1975 - 2023)

From 1975 to 2023, Tonga economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.

  • High Growth (1977–1981) indicating robust economic expansion
  • Contraction (1982–1983) indicating temporary slowdown
  • High Growth (1986–1988) indicating robust economic expansion
  • High Growth (1990–1991) indicating robust economic expansion
  • Expansion (1992–1993) indicating steady moderate growth
  • High Growth (1994–1996) indicating robust economic expansion
  • Expansion (1999–2000) indicating steady moderate growth
  • High Growth (2003–2006) indicating robust economic expansion
  • High Growth (2010–2012) indicating robust economic expansion
  • Contraction (2013–2016) indicating temporary slowdown
  • High Growth (2017–2018) indicating robust economic expansion
  • Expansion (2019–2021) indicating steady moderate growth
  • High Growth (2022–2023) indicating robust economic expansion

The most remarkable growth occurred in 1994 with an increase of 41.431%, while the largest decline was in 2001 at -12.108%.