Finance of Tonga -

09.02.2023 12:39 (zuletzt bearbeitet: 09.02.2023 12:42)

The monthly minimum wage in Tonga is $70. Tonga has a national debt equal to 48.4% of the country's gross domestic product (GDP) estimated in 2014. In terms of consumer prices, the inflation rate in Tonga is 2%. The currency of Tonga is Tonga Pa'anga. The plural form of the word Tongan pa'anga is paanga. The symbol used for this currency is T$ and is abbreviated as TOP. Tongan pa'anga is divided into seniti; there are 100 in a pa'anga. Consumers spend around $338 million every year. The ratio of consumer spending to GDP in Tonga is 76.82% and the ratio of consumer spending to world consumer market is 0.1%. The corporate tax in Tonga is 25%. Personal income tax ranges from 0% to 20% depending on your specific situation and income level. VAT in Tonga is 15% and is known as sales tax. In 2013, Tonga received US$78.2 million in foreign aid. In 2014, foreign aid totaled $93.7.

Gross domestic product
Total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Tonga is US$502 billion. The Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) per capita in Tonga was last recorded at $4,605,167. PPP in Tonga is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Tonga is 0 billion. Based on this statistic, Tonga is considered a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. Gross domestic product (GDP) per capita in Tonga was last seen at $4,036. The average citizen in Tonga has modest net worth. Countries with low wealth per capita often have slightly lower life expectancies and a lower quality of life for their citizens. Finding a highly skilled workforce can be difficult in low-prosperity countries, as citizens sometimes find it difficult to obtain the training required for specialized industries. Workers can be found at low wages compared to countries with higher wealth per capita. The annual GDP growth rate in Tonga averaged 2.4% in 2014. According to this percentage, Tonga is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.

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