Tonga M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Tonga's m2 money supply growth was -0.50% in 2025, ranked 112th globally. This represents a 106.2% decrease from 2024. Data from World Bank, covering 1990–2025.
Overview
Tonga's m2 money supply growth stood at -0.50% in 2025, a decline of +8.48pp from 2024. Based on recent trends, this figure is projected to reach -0.50% by 2025. Tonga ranked 112th globally.
Tonga’s M2 money‑supply growth has slipped to –0.50 % in 2025, placing the kingdom at 112th globally and marking a modest contraction after decades of modest expansion. The indicator rose from 20.69 % in 1990 and peaked at 24.74 % in 1993, a period of rapid monetary broadening that coincided with post‑cold‑war fiscal stimulus across the Pacific. The only recorded trough came a year earlier, in 1992, when growth turned negative at –4.73 %, reflecting a brief shock to domestic credit channels. Over the 36‑year series, the recent slowdown mirrors the performance of peer small‑state economies such as Guinea‑Bissau (–0.59 % in 2025) and New Zealand (–0.12 % in 2025), suggesting regional pressures on liquidity. If fiscal reforms and external financing improve, Tonga could reverse the current decline and re‑establish modest positive growth in the medium term.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -7.12% | - | - |
| 2026* trend | -3.81% | - | - |
| 2025* trend | -0.50% | - | - |
| 2025 | -0.50% | −8.48pp | #112 |
| 2024 | 7.99% | +5.99pp | #43 |
| 2023 | 1.99% | −1.62pp | #22 |
| 2022 | 3.61% | −12.51pp | #22 |
| 2021 | 16.12% | −1.36pp | #107 |
| 2020 | 17.48% | +17.98pp | #102 |
| 2019 | -0.50% | −8.47pp | #17 |
| 2018 | 7.97% | −1.48pp | #83 |
| 2017 | 9.45% | −4.31pp | #90 |
| 2016 | 13.76% | −2.43pp | #120 |
| 2015 | 16.19% | +7.29pp | #122 |
| 2014 | 8.89% | +5.76pp | #78 |
| 2013 | 3.13% | −9.61pp | #19 |
| 2012 | 12.74% | +14.28pp | #94 |
| 2011 | -1.54% | −7.89pp | #7 |
Detected Pattern
Analysis
Tonga matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Tonga's m2 money supply growth was -0.50% in 2025. Ranked 112th globally. This represents a 106.2% decrease from the previous year.
Tonga's m2 money supply growth peaked at 24.74% in 1993.
The lowest m2 money supply growth in Tonga was -4.73% in 1992.
Tonga ranks 112th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Tonga's m2 money supply growth is projected to reach -0.50% by 2025 based on trend extrapolation.
The m2 money supply growth of Tonga in 2025 was -0.50%. This ranks 112th in the world.
Cite this page
@misc{historysaid_tonga_m2-growth,
title = {Tonga M2 Money Supply Growth},
url = {https://historysaid.com/tonga/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}