Remittance inflows to GDP in Tonga

Tonga: Remittance inflows to GDP was 39.0% in 2020. β–² Rising

Latest (2020)
39.0%
Change on year
up 4.9%
World rank
1st
of 195 countries
All-time high
39.0%
in 2020
All-time low
12.2%
in 1981
Years of data
39
1975–2020

Remittance inflows to GDP in Tonga, 1975–2020

102030401975199720201975: 20.6 %1976: 17.9 %1977: 16.2 %1978: 14.6 %1979: 14.7 %1980: 13.3 %1981: 12.2 %1982: 13.1 %1983: 27.1 %1984: 21 %1985: 36.4 %1986: 30.6 %1987: 27.4 %1988: 15.6 %1989: 14 %1990: 21.1 %1991: 14.2 %1992: 15.6 %1993: 15.1 %2001: 29.2 %2002: 34 %2003: 29 %2004: 28.4 %2005: 26.3 %2006: 26.7 %2007: 27.4 %2008: 30 %2009: 26.2 %2010: 20.2 %2011: 20.3 %2012: 19.4 %2013: 27.2 %2014: 27.1 %2015: 29.6 %2016: 30 %2017: 34.5 %2018: 37.5 %2019: 37.2 %2020: 39 %

Source: World Development Indicators (WDI), World Bank. Measured in %.

Analysis

Tonga recorded 39.0% for remittance inflows to gdp in 2020. That is the highest value across all 39 years on record.

Compared with earlier readings it is up 4.9% on the previous year and up 93.2% over ten years.

Over the whole period, remittance inflows to gdp in Tonga peaked at 39.0% in 2020 and was at its lowest, 12.2%, in 1981.

Tonga ranks 1st of 195 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 39 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1970s 16.8% 14.6% 20.6% 5
1980s 21.1% 12.2% 36.4% 10
1990s 16.5% 14.2% 21.1% 4
2000s 28.6% 26.2% 34.0% 9
2010s 28.3% 19.4% 37.5% 10
2020s 39.0% 39.0% 39.0% 1

Countries ranked near Tonga

  1. 2 Kyrgyzstan 31.1% compare
  2. 3 Tajikistan 26.9% compare
  3. 4 Lebanon 25.6% compare

See the full ranking of 196 places β†’

More financial sector data for Tonga

All data for Tonga β†’

Frequently asked questions

What is remittance inflows to gdp in Tonga?
Remittance inflows to gdp in Tonga was 39.0% in 2020, according to World Development Indicators (WDI), World Bank.
What is the highest remittance inflows to gdp recorded in Tonga?
The highest recorded value was 39.0% in 2020.
What is the lowest remittance inflows to gdp recorded in Tonga?
The lowest recorded value was 12.2% in 1981.
How does Tonga rank for remittance inflows to gdp?
Tonga ranks 1st out of 195 countries with data for 2020.
Is remittance inflows to gdp rising or falling in Tonga?
Over the last ten years it is up 93.2%. The long-run trend across the full record is rising.
Where does this Tonga data come from?
The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.

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CSV Β· JSON β€” 39 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Remittance inflows to GDP (%)
Unit
%
Source
World Development Indicators (WDI), World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
196 places, 6,488 data points, 1970–2020
Last refreshed

Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.