Interest payments in Tonga
Tonga: Interest payments was 1.7% in 2023. ▼ Falling
Interest payments in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Tonga stood at 1.7%.
That represents a change of up 36.7% on the previous year and down 48.7% over ten years.
Over the whole period, interest payments in Tonga peaked at 3.3% in 2013 and was at its lowest, 1.0%, in 2021.
Tonga ranks 129th of 152 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.7% | 2.3% | 3.3% | 7 |
| 2020s | 1.5% | 1.0% | 2.2% | 4 |
Countries ranked near Tonga
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)
- Other taxes 0.1% (2023)
- Compensation of employees 33.8% (2023)
Frequently asked questions
- What is interest payments in Tonga?
- Interest payments in Tonga was 1.7% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Tonga?
- The highest recorded value was 3.3% in 2013.
- What is the lowest interest payments recorded in Tonga?
- The lowest recorded value was 1.0% in 2021.
- How does Tonga rank for interest payments?
- Tonga ranks 129th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Tonga?
- Over the last ten years it is down 48.7%. 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.