Net investment in nonfinancial assets in Tonga
Tonga: Net investment in nonfinancial assets was 6.8% in 2023. ▲ Rising
Net investment in nonfinancial assets in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Tonga recorded 6.8% for net investment in nonfinancial assets in 2023.
The figure is up 28.5% on the previous year and up 67.5% over ten years.
Over the whole period, net investment in nonfinancial assets in Tonga peaked at 8.5% in 2021 and was at its lowest, 4.1%, in 2013.
That places Tonga 20th out of 156 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Net investment in nonfinancial assets in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2013 | 4.1% | — |
| 2014 | 5.4% | +32.9% |
| 2015 | 4.3% | -19.8% |
| 2016 | 6.0% | +37.9% |
| 2017 | 8.0% | +34.2% |
| 2018 | 8.3% | +2.7% |
| 2019 | 8.4% | +1.3% |
| 2020 | 5.5% | -33.9% |
| 2021 | 8.5% | +54.4% |
| 2022 | 5.3% | -37.7% |
| 2023 | 6.8% | +28.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.4% | 4.1% | 8.4% | 7 |
| 2020s | 6.6% | 5.3% | 8.5% | 4 |
Countries ranked near Tonga
More public sector data for Tonga
- Arms imports 7.00 million SIPRI trend indicator values (2020)
- Arms imports (SIPRI trend indicator values), per capita 66.22 SIPRI trend indicator values per person (2020)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0138 SIPRI trend indicator values per US$ of GDP (2020)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2020)
- Arms imports (SIPRI trend indicator values), per square kilometre 9,722 SIPRI trend indicator values per square kilometre (2020)
- Tax revenue 20.5% (2023)
- Taxes on income, profits and capital gains 8.9% (2023)
- Taxes on goods and services 30.0% (2023)
- Net lending (+) / net borrowing (-) 5.3% (2023)
- Interest payments 1.3% (2023)
Frequently asked questions
- What is net investment in nonfinancial assets in Tonga?
- Net investment in nonfinancial assets in Tonga was 6.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net investment in nonfinancial assets recorded in Tonga?
- The highest recorded value was 8.5% in 2021.
- What is the lowest net investment in nonfinancial assets recorded in Tonga?
- The lowest recorded value was 4.1% in 2013.
- How does Tonga rank for net investment in nonfinancial assets?
- Tonga ranks 20th out of 156 countries with data for 2023.
- Is net investment in nonfinancial assets rising or falling in Tonga?
- Over the last ten years it is up 67.5%. The long-run trend across the full record is rising.
- Where does this Tonga data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net investment in nonfinancial assets (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.