Tonga Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Tonga's reserves in months of imports was 11.4 in 2025, ranked 7th globally. This represents a 6.0% increase from 2024. Data from World Bank, covering 1977–2025.
Overview
Tonga's reserves in months of imports stood at 11.4 in 2025, a rise of +0.7 from 2024. Based on recent trends, this figure is projected to reach 11.4 by 2025. Tonga ranked 7th globally.
Tonga’s foreign‑exchange reserves cover 11.45 months of imports in 2025, ranking it seventh worldwide and reflecting a substantial increase from the 5.54‑month level recorded in 1977. The upward trajectory accelerated after the all‑time trough of 2.90 months in 2002, reaching a peak of 13.76 months in 2021 before moderating to the current level. By comparison, Israel holds 13.69 months and Iraq 14.17 months, indicating that Tonga’s reserve buffer is approaching the range of more diversified economies despite its small size and reliance on remittances and tourism. The 43‑year coverage series shows that reserve accumulation has been driven by prudent fiscal management and occasional external assistance, yet the slight decline from the 2021 high suggests sensitivity to external shocks such as commodity price volatility or natural disasters. Continued diversification of export markets and strengthening of fiscal buffers would be needed to sustain or improve the reserve coverage in the coming years.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 11.0 | - | - |
| 2026* trend | 11.2 | - | - |
| 2025* trend | 11.4 | - | - |
| 2025 | 11.4 | +0.7 | #7 |
| 2024 | 10.8 | −1.1 | #8 |
| 2023 | 11.9 | −1.2 | #10 |
| 2022 | 13.0 | −0.7 | #9 |
| 2021 | 13.8 | +2.9 | #12 |
| 2020 | 10.9 | +3.3 | #27 |
| 2019 | 7.6 | −0.0 | #32 |
| 2018 | 7.6 | +0.2 | #25 |
| 2017 | 7.4 | −0.2 | #37 |
| 2016 | 7.6 | +0.6 | #33 |
| 2015 | 7.0 | +0.0 | #34 |
| 2014 | 7.0 | +0.7 | #26 |
| 2013 | 6.3 | +0.2 | #38 |
| 2012 | 6.2 | −0.2 | #37 |
| 2011 | 6.3 | +0.9 | #34 |
Detected Pattern
Analysis
Tonga matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw reserves in months of imports improve within 24 months. View full analysis →
Frequently Asked Questions
Tonga's reserves in months of imports was 11.4 in 2025. Ranked 7th globally. This represents a 6.0% increase from the previous year.
Tonga's reserves in months of imports peaked at 13.8 in 2021.
The lowest reserves in months of imports in Tonga was 2.9 in 2002.
Tonga ranks 7th globally in reserves in months of imports as of 2025.
The World Bank indicator code is FI.RES.TOTL.MO. Data sourced from World Bank.
Tonga's reserves in months of imports is projected to reach 11.4 by 2025 based on trend extrapolation.
The reserves in months of imports of Tonga in 2025 was 11.4. This ranks 7th in the world.
Cite this page
@misc{historysaid_tonga_reserves-months-imports,
title = {Tonga Reserves in Months of Imports},
url = {https://historysaid.com/tonga/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}