1. Emerging and dynamic economy

One of the Pacific’s largest and fastest-growing economies, with strong purchasing power, low inflation, and solid employment, outperforming regional averages and offering stable growth potential.

Dynamic emerging economy with outstanding performance

• Tonga’s Economic Momentum: Tonga stands out in the Pacific for its strong economic growth, outperforming regional peers and showing solid momentum for the years ahead.

^{Note: GDP size and growth at current USD prices.   -   Source: World Bank}

• Diversified economy: Agriculture, Wholesale & retail, and  Public administration collectively contribute to over 40% of the GDP. 
• Service oriented economy: Services account for over 62% of the GDP.

^{Other: Health 6.1%, Manufacturing 5.5%, Accommodation and food 3.1%, Fishing 2.9%, Utilities 2.3%, ITC 2.3% and Others 5.5%.   -   Source: Tonga Statistics Department (GDP at current prices)}

Emerging and dynamic economy 

^{Note: GDP at current USD prices. Inflation: Average consumer prices. *GDP per capita between USD 4,466 and USD 13,845.   -   Source: The World Bank}

Foreign Direct Investment (FDI) in Tonga

• Strong recovery in recent years: Despite disinvestments in 2017 and 2019, FDI inflows have rebounded steadily since 2020, reaching US$4.9 million in 2023, the highest level in 4 years. This upward trend reflects renewed interest and improving economic conditions.
• Top investors: China, Australia and New Zealand stand out as top 3 source of investment in Tonga, accounting over 70% of the certified projects. 
• Leading recipient sectors: Professional services, Tourism, and Retail and wholesale emerged as the top 3 sectors receiving FDI in Tonga, accounting for over 65% of the certified projects.

^{¹ FIC: Number of Foreign Investment Certificates issued by the Ministry of Trade and Economic Development to investors.  -  Source: World Bank Data base - Ministry of Commerce, Industry and Labour}