Tonga Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Tonga's gross savings was 18.65% in 2023, ranked 120th globally. This represents a 32.2% decrease from 2022. Data from World Bank, covering 1981–2023.
Overview
Tonga's gross savings stood at 18.65% in 2023, a decline of +8.85% from 2022. Tonga ranked 120th globally.
Tonga’s gross savings ratio has hovered around the high‑teens for most of the 37‑year series, standing at 18.65 percent in 2023, which places the kingdom at rank 120 globally. The indicator surged to an all‑time peak of 39.85 percent in 1982, a level that has never been approached again, and then fell to a trough of 9.12 percent in 2015 before rebounding modestly. Compared with peers of similar rank, Tonga’s 2023 savings rate is slightly below the Bahamas (18.94 percent) and Nigeria (18.87 percent) but above Guinea‑Bissau (18.04 percent) and Honduras (17.75 percent). The post‑trough recovery suggests a gradual re‑accumulation of domestic resources, yet the persistence of a modest savings share indicates limited capacity for large‑scale investment without external financing. If fiscal reforms and higher private‑sector returns materialise, the upward trajectory could accelerate, raising the savings ratio toward the levels seen in the early 1980s.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2023 | 18.65% | −8.85% | #120 |
| 2022 | 27.50% | +0.70% | #57 |
| 2021 | 26.80% | +6.00% | #67 |
| 2020 | 20.79% | +0.63% | #95 |
| 2019 | 20.16% | +1.27% | #111 |
| 2018 | 18.89% | −1.78% | #116 |
| 2017 | 20.68% | +5.96% | #101 |
| 2016 | 14.72% | +5.59% | #140 |
| 2015 | 9.12% | −6.46% | #167 |
| 2014 | 15.58% | −4.81% | #129 |
| 2013 | 20.39% | −3.31% | #99 |
| 2012 | 23.70% | +4.12% | #70 |
| 2011 | 19.58% | +4.31% | #96 |
| 2010 | 15.27% | +1.41% | #136 |
| 2009 | 13.86% | +1.22% | #133 |
Detected Pattern
Analysis
Tonga matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Tonga's gross savings was 18.65% in 2023. Ranked 120th globally. This represents a 32.2% decrease from the previous year.
Tonga's gross savings peaked at 39.85% in 1982.
The lowest gross savings in Tonga was 9.12% in 2015.
Tonga ranks 120th globally in gross savings as of 2023.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Tonga in 2023 was 18.65%. This ranks 120th in the world.
Cite this page
@misc{historysaid_tonga_gross-savings,
title = {Tonga Gross Savings},
url = {https://historysaid.com/tonga/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}