National Accounts: Real Gross Domestic Product for Tonga
TONNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.24
Year-over-Year Change
-63.15%
Date Range
1/1/1990 - 1/1/2029
Summary
The National Accounts: Real Gross Domestic Product (GDP) for Tonga measures the total inflation-adjusted value of economic output in Tonga. It is a key indicator of the overall health and growth of the Tongan economy.
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
Real GDP is a comprehensive measure of a country's economic activity, accounting for changes in the volume of goods and services produced. It is an essential statistic for economists and policymakers to assess Tonga's macroeconomic performance and guide fiscal and monetary policy decisions.
Methodology
The data is calculated by the Tonga Department of Statistics based on the System of National Accounts framework.
Historical Context
Real GDP growth is closely monitored by the Tongan government, international financial institutions, and markets to gauge the country's economic trends and outlook.
Key Facts
- Tonga is a small island nation in the South Pacific.
- The Tongan economy is heavily dependent on tourism and agriculture.
- Real GDP growth averaged 2.8% per year from 2010 to 2019.
FAQs
Q: What does this economic trend measure?
A: The National Accounts: Real Gross Domestic Product for Tonga measures the total inflation-adjusted value of economic output produced within Tonga's borders.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a comprehensive indicator of Tonga's overall economic performance and is closely monitored by policymakers, international institutions, and markets to assess the country's macroeconomic conditions and growth trajectory.
Q: How is this data collected or calculated?
A: The data is calculated by the Tonga Department of Statistics based on the System of National Accounts framework.
Q: How is this trend used in economic policy?
A: Real GDP growth is a key metric used by the Tongan government and international financial institutions to guide fiscal and monetary policy decisions and evaluate the overall health of the Tongan economy.
Q: Are there update delays or limitations?
A: The Tonga Department of Statistics publishes the real GDP data on a quarterly basis, with a typical delay of 2-3 months.
Related Trends
National Accounts: Real Total Domestic Demand for Tonga
TONNTDDRPCPPPT
Value of Exports to Tonga from Florida
FLTONA052SCEN
Number of Identified Exporters to Tonga from Kentucky
KYTONA475SCEN
Life Expectancy at Birth, Total for Tonga
SPDYNLE00INTON
Number of Identified Exporters to Tonga from Virginia
VATONA475SCEN
Remittance Inflows to GDP for Tonga
DDOI11TOA156NWDB
Citation
U.S. Federal Reserve, National Accounts: Real Gross Domestic Product for Tonga (TONNGDPRPCPPPT), retrieved from FRED.