TONGA

Country risk rating

D4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD0.512bn (World ranking 198, World Bank 2020)
Population 0.1mn (World ranking 192, World Bank 2020)
Form of state Constitutional Monarchy
Head of government Pōhiva Tuʻiʻonetoa (Prime Minister)
Next elections 2021, legislative
  • A pro-business political environment
  • Well-educated, English-speaking workforce
  • Vulnerability to natural disasters (cyclones, earthquakes)
  • Very small population with high levels of poverty and unemployment
  • Persistently large current account deficits
  • High dependency on foreign assistance from Australia, China and New Zealand
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