Tonga: Monetary freedom

The latest value from 2024 is 64.4 points, a decline from 72.7 points in 2023. In comparison, the world average is 67.58 points, based on data from 174 countries. Historically, the average for Tonga from 2009 to 2024 is 71.5 points. The minimum value, 63.5 points, was reached in 2010 while the maximum of 80.6 points was recorded in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Monetary Freedom index for Tonga from The Heritage Foundation reflects the stability of prices in Tonga and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.

Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.