Luxembourg vs Tonga: Reserves and related items
Reserves and related items over time
- Luxembourg
- Tonga
How they compare
Luxembourg currently reports 7.88 million BoP, current US$ against 5.35 million BoP, current US$ in Tonga, a difference of 2.53 million BoP, current US$.
That makes Luxembourg's figure about 1.5 times Tonga's.
The two have swapped places 13 times across 23 shared years of data; in 2002 it was Luxembourg ahead.
Globally, Luxembourg ranks 124th and Tonga ranks 127th of 194 countries.
Individual pages
About this data
Reserves and related items is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency.Also included are net credit and loans from the IMF (excluding reserve position) and total exceptional financing. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.