Tonga: Trade (% of GDP)
In , Tonga's Trade (% of GDP) was 79.62.
That's up 13.5% from 2022, the highest value since .
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 88.05
- Trough
- 66.35
- 1-year change
- +13.5%
- 5-year change
- -7.5%
- -1.6% / yr
- 10-year change
- -3.8%
- -0.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 79.6239 | |
| 70.1273 | |
| 68.5461 | |
| 81.8495 | |
| 88.0454 | |
| 86.1040 | |
| 88.0435 | |
| 87.7772 | |
| 81.3902 | |
| 74.7304 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Tonga's Trade (% of GDP) in 2023?
- In 2023, Tonga's Trade (% of GDP) was 79.62, according to World Bank Open Data.
- Is Tonga's Trade (% of GDP) rising or falling?
- Tonga's Trade (% of GDP) rose 13.5% from 2022 to 2023.
- How does Tonga's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so Tonga is below the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.