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%.  -  Note: The estimated sectoral contributions to GDP may contain some inaccuracies due to the high level of informality in the economy and the fact that some payments are received as remittances. This may apply especially to the fisheries sector, among others.  -   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}