Subsidies and other transfers in Tonga
Tonga: Subsidies and other transfers was 51.31 million current LCU in 2023. ▲ Rising
Subsidies and other transfers in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Tonga recorded 51.31 million current LCU for subsidies and other transfers in 2023.
The figure is down 16.4% on the previous year and up 246.7% over ten years.
Over the whole period, subsidies and other transfers in Tonga peaked at 61.40 million current LCU in 2022 and was at its lowest, 14.80 million current LCU, in 2013.
That places Tonga 148th out of 153 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 22.96 million current LCU | 14.80 million current LCU | 29.06 million current LCU | 7 |
| 2020s | 48.69 million current LCU | 26.87 million current LCU | 61.40 million current LCU | 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)
- Interest payments 1.7% (2023)
- Other taxes 0.1% (2023)
Frequently asked questions
- What is subsidies and other transfers in Tonga?
- Subsidies and other transfers in Tonga was 51.31 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Tonga?
- The highest recorded value was 61.40 million current LCU in 2022.
- What is the lowest subsidies and other transfers recorded in Tonga?
- The lowest recorded value was 14.80 million current LCU in 2013.
- How does Tonga rank for subsidies and other transfers?
- Tonga ranks 148th out of 153 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Tonga?
- Over the last ten years it is up 246.7%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.