Tonga TO: GDP: Gross Value Added at Factor Cost: Services

Tonga TO: GDP: Gross Value Added at Factor Cost: Services data was reported at 697.871 TOP mn in 2023. This records an increase from the previous number of 624.897 TOP mn for 2022. Tonga TO: GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 345.754 TOP mn from Jun 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 697.871 TOP mn in 2023 and a record low of 122.667 TOP mn in 1994. Tonga TO: GDP: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tonga – Table TO.World Bank.WDI: Gross Domestic Product: Nominal. Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and retaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);;

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