Central government debt, total in Tonga
Tonga: Central government debt, total was 43.1% in 2020. ▼ Falling
Central government debt, total in Tonga, 2013–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2020, central government debt, total in Tonga stood at 43.1%.
That represents a change of up 0.1% on the previous year and down 11.9% over ten years.
Tonga ranks 55th of 83 countries on this measure, in the middle of the range.
Central government debt, total in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2013 | 48.9% | — |
| 2014 | 47.4% | -3.2% |
| 2015 | 51.1% | +7.9% |
| 2016 | 49.4% | -3.4% |
| 2017 | 45.6% | -7.6% |
| 2018 | 48.2% | +5.7% |
| 2019 | 43.1% | -10.8% |
| 2020 | 43.1% | +0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 47.7% | 43.1% | 51.1% | 7 |
| 2020s | 43.1% | 43.1% | 43.1% | 1 |
Countries ranked near Tonga
- 52 Saint Lucia 45.9%
- 53 Philippines 43.4%
- 54 Mongolia 43.3% compare
- 56 Tunisia 42.5%
- 57 Marshall Islands 41.6% compare
- 58 Georgia 40.1% compare
More economy & growth data for Tonga
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.3875 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.2 Percent per annum (2029)
- Imports of goods and services (constant 2015 US$), annual growth rate 0.8347 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.5345 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 3,322 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 4.35 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 3.85 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 7.83 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.4408 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 2,740 current LCU per person (2024)
Frequently asked questions
- What is central government debt, total in Tonga?
- Central government debt, total in Tonga was 43.1% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Tonga?
- The highest recorded value was 51.1% in 2015.
- What is the lowest central government debt, total recorded in Tonga?
- The lowest recorded value was 43.1% in 2019.
- How does Tonga rank for central government debt, total?
- Tonga ranks 55th out of 83 countries with data for 2020.
- Is central government debt, total rising or falling in Tonga?
- Over the last ten years it is down 11.9%. The long-run trend across the full record is falling.
- Where does this Tonga data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.