Tonga: Monetary freedom

* indicates monthly or quarterly data series
 Tonga

Monetary freedom index (0-100)

 Latest value 64.40
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 71.50
 Min - Max 63.50 - 80.60
 Source The Heritage Foundation
For that indicator, we provide data for Tonga from 2009 to 2024. The average value for Tonga during that period was 71.5 points with a minimum of 63.5 points in 2010 and a maximum of 80.6 points in 2017. The latest value from 2024 is 64.4 points. For comparison, the world average in 2024 based on 174 countries is 67.58 points. 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 - Monetary freedom - Recent values chart

Historical chart
Tonga - Monetary freedom - historical chart - 2009-2024




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.

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 Related indicators Latest value Reference Measure
 Property rights 63 2024 points
 Freedom from corruption 45 2024 points
 Fiscal freedom 96 2024 points
 Business freedom 60 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 64.40 2024 points
 Trade freedom 72 2024 points
 Investment freedom 40 2024 points
 Financial freedom 20 2024 points
 Economic freedom, overall index 59 2024 index points
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