Tonga: Remittances, percent of GDP

* indicates monthly or quarterly data series
 Tonga

Remittances as percent of GDP

 Latest value 46.22
 Year 2021
 Measure percent
 Data availability 1975 - 2021
 Average 24.66
 Min - Max 12.22 - 46.22
 Source The World Bank
For that indicator, we provide data for Tonga from 1975 to 2021. The average value for Tonga during that period was 24.66 percent with a minimum of 12.22 percent in 1981 and a maximum of 46.22 percent in 2021. The latest value from 2021 is 46.22 percent. For comparison, the world average in 2021 based on 182 countries is 5.54 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 - Remittances, percent of GDP - Recent values chart

Historical chart
Tonga - Remittances, percent of GDP - historical chart - 1975-2021




Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.


 Related indicators Latest value Reference Measure
 Terms of trade 98.03 2021 percent
 Trade openness 73.37 2021 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 12.52 2021 percent
 Exports, billion dollars 0.06 2021 billion U.S. dollars
 Growth of exports -48.85 2021 percent
 Imports, percent of GDP 60.84 2021 percent
 Imports, billion dollars 0.29 2021 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.81 2021 percent
 Foreign Direct Investment, billion dollars 0.00 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -5.16 2022 percent
 Current account, in dollars -0.03 2022 billion U.S. dollars
 Trade balance, percent of GDP -48.32 2021 percent
 Trade balance, in dollars -0.27 2022 billion U.S. dollars
 Reserves 0.38 2022 billion U.S. dollars
 Remittances, percent of GDP 46.22 2021 percent
 Remittances 217.33 2022 million U.S. dollars
 Net errors and omissions -3.23 2022 million USD
 External debt 45.14 2021 percent
 Short-term external debt 0.00 2022 percent
 Short-term debt to reserves 0.00 2022 percent
 Foreign exchange reserves 0.89 9/2023 billion
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