Central government debt, total in Tonga
Tonga: Central government debt, total was 504.15 million current LCU in 2020. ▲ Rising
Central government debt, total in Tonga, 2013–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for central government debt, total in Tonga is 504.15 million current LCU, measured in 2020.
Compared with earlier readings it is up 1.9% on the previous year and up 31.6% over ten years.
That places Tonga 80th out of 83 countries with data for 2020, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 448.31 million current LCU | 378.48 million current LCU | 522.30 million current LCU | 7 |
| 2020s | 504.15 million current LCU | 504.15 million current LCU | 504.15 million current LCU | 1 |
Countries ranked near Tonga
- 77 Saint Vincent and the Grenadines 1.04 billion current LCU compare
- 78 Lesotho 1.01 billion current LCU compare
- 79 Malta 791.03 million current LCU compare
- 81 Palau 240.22 million current LCU compare
- 82 Micronesia (country) 103.65 million current LCU compare
- 83 Marshall Islands 96.80 million current LCU compare
More public sector data for Tonga
- Arms imports 7.00 million SIPRI trend indicator values (2020)
- Tax revenue 20.5% (2023)
- Taxes on income, profits and capital gains 8.9% (2023)
- Taxes on goods and services 30.0% (2023)
- Net investment in nonfinancial assets 6.8% (2023)
- Net lending (+) / net borrowing (-) 5.3% (2023)
- Interest payments 1.3% (2023)
- Grants and other revenue 56.2% (2023)
- Interest payments 1.7% (2023)
- Other taxes 0.1% (2023)
Frequently asked questions
- What is central government debt, total in Tonga?
- Central government debt, total in Tonga was 504.15 million current LCU 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 522.30 million current LCU in 2018.
- What is the lowest central government debt, total recorded in Tonga?
- The lowest recorded value was 378.48 million current LCU in 2014.
- How does Tonga rank for central government debt, total?
- Tonga ranks 80th 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 up 31.6%. The long-run trend across the full record is rising.
- 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 (current LCU). 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.