Fiscal Balance in Tonga
The fiscal balance in Tonga averaged 2.4% of GDP in the decade leading to 2021. The fiscal balance in 2021 was -0.6% of GDP. For more fiscal balance information, visit our dedicated page.
Tonga Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Tonga from 2012 to 2023.
Source: Macrobond.
Tonga Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | 4.4 | 6.7 | -0.6 | -0.2 | 6.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Tongan fiscal balance projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Tongan fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Tongan fiscal balance projections.
Want to get access to the full dataset of Tongan fiscal balance forecasts? Send an email to info@focus-economics.com.