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
For that indicator, we provide data for Tonga from 1999 to 2021. The average value for Tonga during that period was 1.47 percent with a minimum of -3.7 percent in 2011 and a maximum of 4.42 percent in 2008. The latest value from 2021 is -1.74 percent. For comparison, the world average in 2021 based on 171 countries is -4.02 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Tonga - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Tonga - Fiscal balance, percent of GDP - historical chart - 1999-2021




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.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 30.70 2021 percent
 Government spending, in dollars 0.14 2021 billion U.S. dollars
 Fiscal balance, percent of GDP -1.74 2021 percent
 Commercial tax rate 27.50 2019 percent
 Tax preparation time 200 2019 hours
 Number of taxes 30 2019 taxes
 Foreign aid 113.07 2021 million U.S. dollars
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