Net lending (+) / net borrowing (-) in Tonga
Tonga: Net lending (+) / net borrowing (-) was 73.41 million current LCU in 2023. ◆ Volatile
Net lending (+) / net borrowing (-) in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Tonga recorded 73.41 million current LCU for net lending (+) / net borrowing (-) in 2023. That is the highest value across all 11 years on record.
The figure is up 811.6% on the previous year and up 1,391.1% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Tonga peaked at 73.41 million current LCU in 2023 and was at its lowest, -10.32 million current LCU, in 2022.
That places Tonga 33rd out of 156 countries with data for 2023, putting it in the top quarter.
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 | 20.05 million current LCU | -5.69 million current LCU | 37.03 million current LCU | 7 |
| 2020s | 28.51 million current LCU | -10.32 million current LCU | 73.41 million current LCU | 4 |
Countries ranked near Tonga
- 30 Seychelles 667.11 million current LCU compare
- 31 Samoa 125.16 million current LCU compare
- 32 Andorra 84.33 million current LCU compare
- 34 East Timor 50.88 million current LCU compare
- 35 Nauru 38.74 million current LCU compare
- 36 Micronesia (country) 25.83 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 lending (+) / net borrowing (-) in Tonga?
- Net lending (+) / net borrowing (-) in Tonga was 73.41 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Tonga?
- The highest recorded value was 73.41 million current LCU in 2023.
- What is the lowest net lending (+) / net borrowing (-) recorded in Tonga?
- The lowest recorded value was -10.32 million current LCU in 2022.
- How does Tonga rank for net lending (+) / net borrowing (-)?
- Tonga ranks 33rd out of 156 countries with data for 2023.
- Is net lending (+) / net borrowing (-) rising or falling in Tonga?
- Over the last ten years it is up 1,391.1%. 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 lending (+) / net borrowing (-) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.