Net acquisition of financial assets in Tonga
Tonga: Net acquisition of financial assets was 74.11 million current LCU in 2023. ◆ Volatile
Net acquisition of financial assets in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, net acquisition of financial assets in Tonga stood at 74.11 million current LCU. That is the highest value across all 11 years on record.
Compared with earlier readings it is up 425.0% on the previous year and up 746.0% over ten years.
Over the whole period, net acquisition of financial assets in Tonga peaked at 74.11 million current LCU in 2023 and was at its lowest, -22.80 million current LCU, in 2022.
That places Tonga 87th out of 134 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.04 million current LCU | -11.47 million current LCU | 46.36 million current LCU | 7 |
| 2020s | 31.14 million current LCU | -22.80 million current LCU | 74.11 million current LCU | 4 |
Countries ranked near Tonga
- 84 San Marino 124.44 million current LCU compare
- 85 Solomon Islands 109.70 million current LCU compare
- 86 Andorra 88.35 million current LCU compare
- 88 Nauru 57.10 million current LCU compare
- 89 Samoa 55.45 million current LCU compare
- 90 Saint Vincent and the Grenadines 35.11 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 net acquisition of financial assets in Tonga?
- Net acquisition of financial assets in Tonga was 74.11 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net acquisition of financial assets recorded in Tonga?
- The highest recorded value was 74.11 million current LCU in 2023.
- What is the lowest net acquisition of financial assets recorded in Tonga?
- The lowest recorded value was -22.80 million current LCU in 2022.
- How does Tonga rank for net acquisition of financial assets?
- Tonga ranks 87th out of 134 countries with data for 2023.
- Is net acquisition of financial assets rising or falling in Tonga?
- Over the last ten years it is up 746.0%. The long-run trend across the full record is volatile.
- 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 Net acquisition of financial assets (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. 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.