Tonga: Trade openness
* indicates monthly or quarterly data series
| Tonga |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 94.14 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1975 - 2023 |
| Average | 81.52 |
| Min - Max | 60.78 - 112.15 |
| Source | The World Bank |
The latest value from 2023 is 94.14 percent, an increase from 75.32 percent in 2022. In comparison, the world average is 94.72 percent, based on data from 161 countries. Historically, the average for Tonga from 1975 to 2023 is 81.52 percent. The minimum value, 60.78 percent, was reached in 1999 while the maximum of 112.15 percent was recorded in 1975.
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Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 85.30 | 2023 | percent |
| Trade openness | 94.14 | 2023 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 18.75 | 2023 | percent |
| Exports, billion dollars | 0.10 | 2023 | billion U.S. dollars |
| Growth of exports | 101.21 | 2023 | percent |
| Imports, percent of GDP | 75.39 | 2023 | percent |
| Imports, billion dollars | 0.38 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.97 | 2023 | percent |
| Foreign Direct Investment, billion dollars | -0.01 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1993 | million dollars (current) |
| Current account, percent of GDP | -6.72 | 2024 | percent |
| Trade balance, percent of GDP | -56.64 | 2023 | percent |
| Trade balance, in dollars | -0.27 | 2024 | billion U.S. dollars |
| Reserves | 0.38 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 45.03 | 2022 | percent |
| Remittances | 256.87 | 2024 | million U.S. dollars |
| Net errors and omissions | -22.70 | 2024 | million USD |
| External debt | 30.72 | 2024 | percent |
| Short-term external debt | 0.00 | 2023 | percent |
| Short-term debt to reserves | 0.00 | 2023 | percent |