Interest payments in Tonga
Tonga: Interest payments was 8.19 million current LCU in 2023. ▼ Falling
Interest payments in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Tonga recorded 8.19 million current LCU for interest payments in 2023.
Compared with earlier readings it is up 30.9% on the previous year and up 14.6% over ten years.
Over the whole period, interest payments in Tonga peaked at 8.27 million current LCU in 2018 and was at its lowest, 4.12 million current LCU, in 2021.
That places Tonga 149th out of 155 countries with data for 2023, putting it 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 | 7.70 million current LCU | 7.14 million current LCU | 8.27 million current LCU | 7 |
| 2020s | 6.70 million current LCU | 4.12 million current LCU | 8.23 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 interest payments in Tonga?
- Interest payments in Tonga was 8.19 million current LCU 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 8.27 million current LCU in 2018.
- What is the lowest interest payments recorded in Tonga?
- The lowest recorded value was 4.12 million current LCU in 2021.
- How does Tonga rank for interest payments?
- Tonga ranks 149th out of 155 countries with data for 2023.
- Is interest payments rising or falling in Tonga?
- Over the last ten years it is up 14.6%. 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 (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
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.