Constant GDP per capita for Tonga
NYGDPPCAPKDTON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,710.35
Year-over-Year Change
21.00%
Date Range
1/1/1981 - 1/1/2023
Summary
The Constant GDP per capita for Tonga measures the total economic output of Tonga divided by its population, adjusted for inflation. This metric is a key indicator of a country's standard of living and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a commonly used statistic to compare the relative economic performance of different countries. The constant GDP per capita for Tonga represents the real purchasing power of the average Tongan citizen, providing important insights into the nation's economic progress over time.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers and economists rely on GDP per capita trends to inform economic and social policies.
Key Facts
- Tonga's constant GDP per capita was $5,786 in 2021.
- GDP per capita has grown by an average of 1.8% annually in Tonga over the past decade.
- Tonga is a small island nation in the South Pacific Ocean.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Tonga measures the total economic output of the country divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator of a country's standard of living and economic development, providing important insights for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and economists rely on GDP per capita trends to inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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Number of Identified Exporters to Tonga from Connecticut
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Citation
U.S. Federal Reserve, Constant GDP per capita for Tonga (NYGDPPCAPKDTON), retrieved from FRED.