Tonga - Gross capital formation

Gross capital formation (current US$)

The latest value for Gross capital formation (current US$) in Tonga was $121,304,600 as of 2020. Over the past 45 years, the value for this indicator has fluctuated between $173,103,400 in 2012 and $5,907,858 in 1976.

Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1975 $8,969,499
1976 $5,907,858
1977 $6,895,321
1978 $12,266,220
1979 $13,921,310
1980 $16,007,740
1981 $18,399,220
1982 $19,379,250
1983 $17,861,260
1984 $15,379,550
1985 $15,846,080
1986 $16,456,550
1987 $18,108,810
1988 $24,709,900
1989 $21,742,550
1990 $21,001,700
1991 $22,127,870
1992 $24,298,860
1993 $25,057,800
1994 $40,375,700
1995 $54,844,600
1996 $58,006,170
1997 $38,028,330
1998 $39,486,060
1999 $39,067,160
2000 $42,031,240
2001 $44,418,660
2002 $45,711,860
2003 $42,808,200
2004 $48,117,860
2005 $58,847,910
2006 $62,113,050
2007 $65,222,950
2008 $72,744,530
2009 $78,085,010
2010 $111,172,200
2011 $147,422,800
2012 $173,103,400
2013 $108,025,100
2014 $99,652,150
2015 $110,963,800
2016 $103,900,200
2017 $128,349,000
2018 $120,996,400
2019 $129,997,800
2020 $121,304,600

Gross capital formation (current LCU)

The value for Gross capital formation (current LCU) in Tonga was 280,225,800 as of 2020. As the graph below shows, over the past 45 years this indicator reached a maximum value of 295,341,900 in 2019 and a minimum value of 4,834,400 in 1976.

Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1975 6,851,800
1976 4,834,400
1977 6,218,200
1978 10,717,000
1979 12,454,000
1980 14,058,000
1981 16,011,000
1982 19,106,000
1983 19,826,000
1984 17,525,000
1985 22,690,000
1986 24,619,000
1987 25,863,000
1988 28,918,000
1989 27,363,000
1990 27,214,000
1991 28,691,000
1992 32,733,000
1993 34,680,000
1994 53,304,000
1995 69,702,000
1996 71,457,800
1997 48,048,800
1998 58,913,200
1999 61,831,600
2000 68,893,400
2001 86,936,200
2002 99,642,700
2003 93,985,400
2004 98,434,700
2005 114,064,900
2006 124,778,900
2007 130,622,000
2008 138,272,800
2009 162,861,900
2010 214,440,100
2011 270,093,400
2012 293,392,900
2013 187,294,000
2014 180,599,600
2015 215,613,700
2016 230,409,000
2017 283,715,500
2018 265,441,900
2019 295,341,900
2020 280,225,800

Gross capital formation (constant 2010 US$)

Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2015 110,963,800

Gross capital formation (annual % growth)

Definition: Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2017 21.35
2018 -23.18
2019 7.86
2020 -4.08

Gross capital formation (constant LCU)

Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2016 233,801,100
2017 283,715,500
2018 217,949,800
2019 235,087,200
2020 225,496,800

Gross capital formation (% of GDP)

Gross capital formation (% of GDP) in Tonga was 24.82 as of 2020. Its highest value over the past 45 years was 36.77 in 2012, while its lowest value was 16.74 in 1991.

Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1975 27.59
1976 19.67
1977 20.20
1978 29.51
1979 31.17
1980 30.06
1981 29.56
1982 31.22
1983 29.35
1984 23.94
1985 26.38
1986 24.13
1987 22.17
1988 23.17
1989 20.45
1990 18.49
1991 16.74
1992 17.73
1993 18.09
1994 20.60
1995 26.26
1996 26.12
1997 17.69
1998 20.62
1999 19.61
2000 20.52
2001 24.52
2002 25.01
2003 21.17
2004 20.86
2005 22.48
2006 21.25
2007 21.85
2008 21.12
2009 25.00
2010 30.31
2011 35.56
2012 36.77
2013 23.97
2014 22.65
2015 25.39
2016 24.71
2017 27.88
2018 24.73
2019 25.37
2020 24.82

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts