External debt stocks in Tonga
Tonga: External debt stocks was 35.4% in 2023. ▲ Rising
External debt stocks in Tonga, 1985–2023
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2023, external debt stocks in Tonga stood at 35.4%.
That represents a change of down 8.2% on the previous year and down 17.8% over ten years.
Over the whole period, external debt stocks in Tonga peaked at 46.1% in 1990 and was at its lowest, 26.7%, in 1997.
That places Tonga 80th out of 121 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 39 years of available data.
External debt stocks in Tonga, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1985 | 39.1% | — |
| 1986 | 40.2% | +2.7% |
| 1987 | 42.4% | +5.6% |
| 1988 | 33.0% | -22.4% |
| 1989 | 35.4% | +7.3% |
| 1990 | 46.1% | +30.3% |
| 1991 | 33.4% | -27.4% |
| 1992 | 31.4% | -6.2% |
| 1993 | 31.7% | +1.0% |
| 1994 | 28.6% | -9.7% |
| 1995 | 30.2% | +5.4% |
| 1996 | 28.1% | -6.9% |
| 1997 | 26.7% | -5.1% |
| 1998 | 32.5% | +22.0% |
| 1999 | 37.9% | +16.6% |
| 2000 | 35.7% | -6.0% |
| 2001 | 39.3% | +10.1% |
| 2002 | 43.8% | +11.5% |
| 2003 | 46.0% | +5.1% |
| 2004 | 40.5% | -11.9% |
| 2005 | 34.1% | -15.8% |
| 2006 | 30.8% | -9.6% |
| 2007 | 31.9% | +3.7% |
| 2008 | 28.3% | -11.6% |
| 2009 | 35.7% | +26.2% |
| 2010 | 40.6% | +13.7% |
| 2011 | 44.9% | +10.6% |
| 2012 | 40.8% | -9.0% |
| 2013 | 43.1% | +5.6% |
| 2014 | 44.1% | +2.4% |
| 2015 | 41.7% | -5.5% |
| 2016 | 40.8% | -2.2% |
| 2017 | 40.4% | -1.1% |
| 2018 | 36.4% | -9.7% |
| 2019 | 35.4% | -2.8% |
| 2020 | 36.5% | +3.1% |
| 2021 | 40.8% | +11.7% |
| 2022 | 38.6% | -5.4% |
| 2023 | 35.4% | -8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 38.0% | 33.0% | 42.4% | 5 |
| 1990s | 32.7% | 26.7% | 46.1% | 10 |
| 2000s | 36.6% | 28.3% | 46.0% | 10 |
| 2010s | 40.8% | 35.4% | 44.9% | 10 |
| 2020s | 37.8% | 35.4% | 40.8% | 4 |
Countries ranked near Tonga
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 12.1 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8578 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 5,331 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 12.69 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 2.04 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 12,657 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.1 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6596 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is external debt stocks in Tonga?
- External debt stocks in Tonga was 35.4% in 2023, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Tonga?
- The highest recorded value was 46.1% in 1990.
- What is the lowest external debt stocks recorded in Tonga?
- The lowest recorded value was 26.7% in 1997.
- How does Tonga rank for external debt stocks?
- Tonga ranks 80th out of 121 countries with data for 2023.
- Is external debt stocks rising or falling in Tonga?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is rising.
- Where does this Tonga data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.