Insurance and financial services (% of commercial service exports) in Tonga
Tonga: Insurance and financial services (% of commercial service exports) was 0.1% in 2017. ◆ Volatile
Insurance and financial services in Tonga, 1978–2017
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for insurance and financial services in Tonga is 0.1%, measured in 2017.
The figure is up 589.2% on the previous year and down 97.3% over ten years.
Over the whole period, insurance and financial services in Tonga peaked at 13.4% in 2008 and was at its lowest, 0.0%, in 2016.
That places Tonga 181st out of 190 countries with data for 2017, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service exports) in Tonga, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1978 | 0.7% | — |
| 1979 | 0.6% | -18.0% |
| 1980 | 1.3% | +127.0% |
| 1981 | 1.4% | +5.8% |
| 1982 | 2.5% | +83.2% |
| 1983 | 1.8% | -29.5% |
| 1984 | 1.1% | -39.3% |
| 1985 | 0.6% | -40.1% |
| 1986 | 0.7% | +7.9% |
| 1987 | 0.4% | -43.6% |
| 1988 | 0.1% | -80.0% |
| 1989 | 0.3% | +341.7% |
| 1990 | 0.2% | -36.7% |
| 1991 | 0.1% | -48.2% |
| 1992 | 0.6% | +434.7% |
| 1993 | 0.1% | -82.9% |
| 1994 | 0.1% | -13.8% |
| 2004 | 0.5% | +404.2% |
| 2005 | 0.8% | +85.1% |
| 2006 | 4.7% | +459.4% |
| 2007 | 3.4% | -26.9% |
| 2008 | 13.4% | +287.5% |
| 2009 | 1.5% | -89.1% |
| 2010 | 2.1% | +45.0% |
| 2011 | 0.3% | -87.0% |
| 2012 | 0.0% | -95.0% |
| 2013 | 1.1% | +7748.0% |
| 2014 | 0.5% | -56.4% |
| 2016 | 0.0% | -97.1% |
| 2017 | 0.1% | +589.3% |
Tonga compared with similar countries
- Tonga's 0.1% is below the median for upper middle income countries, which is 1.9%, 5% of the median. (53 countries reporting)
- Tonga's 0.1% is below the median for East Asia & Pacific, which is 1.5%, 6% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service exports) in Tonga changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +7748.0% | 0.0% | 1.1% |
| 2017 | +589.3% | 0.0% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.6% | 0.6% | 0.7% | 2 |
| 1980s | 1.0% | 0.1% | 2.5% | 10 |
| 1990s | 0.2% | 0.1% | 0.6% | 5 |
| 2000s | 4.0% | 0.5% | 13.4% | 6 |
| 2010s | 0.6% | 0.0% | 2.1% | 7 |
Countries ranked near Tonga
More private sector data for Tonga
- Merchandise trade 39.5% (2025)
- Food imports 29.9% (2025)
- Manufactures imports 48.5% (2025)
- Merchandise imports 255.00 million current US$ (2025)
- Commercial service imports 169.35 million current US$ (2025)
- Food exports 15.0% (2025)
- Manufactures exports 84.2% (2025)
- Merchandise exports 13.00 million current US$ (2025)
- Commercial service exports 102.80 million current US$ (2025)
- Merchandise exports (current US$), per capita 125.31 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Tonga?
- Insurance and financial services in Tonga was 0.1% in 2017, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Tonga?
- The highest recorded value was 13.4% in 2008.
- What is the lowest insurance and financial services recorded in Tonga?
- The lowest recorded value was 0.0% in 2016.
- How does Tonga rank for insurance and financial services?
- Tonga ranks 181st out of 190 countries with data for 2017.
- Is insurance and financial services rising or falling in Tonga?
- Over the last ten years it is down 97.3%. The long-run trend across the full record is volatile.
- Where does this Tonga data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.