Tonga: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Tonga |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -1.74 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1999 - 2021 |
| Average | 1.47 |
| Min - Max | -3.70 - 4.42 |
| Source | Asian Development Bank |
The latest value from 2021 is -1.74 percent, a decline from 0.91 percent in 2020. In comparison, the world average is -3.96 percent, based on data from 175 countries. Historically, the average for Tonga from 1999 to 2021 is 1.47 percent. The minimum value, -3.7 percent, was reached in 2011 while the maximum of 4.42 percent was recorded in 2008.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 30.70 | 2021 | percent |
| Government spending, in dollars | 0.16 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.74 | 2021 | percent |
| Tax revenue | 21.30 | 2020 | percent |
| Commercial tax rate | 27.50 | 2019 | percent |
| Tax preparation time | 200 | 2019 | hours |
| Number of taxes | 30 | 2019 | taxes |
| Taxes on goods and services | 32.51 | 2020 | percent |
| Taxes on international trade | 5.06 | 2020 | percent |
| Income and profits taxes | 10.61 | 2020 | percent |
| Foreign aid | 295.05 | 2022 | million U.S. dollars |