Interest payments in Tonga
Tonga: Interest payments was 1.3% in 2023. ▼ Falling
Interest payments in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for interest payments in Tonga is 1.3%, measured in 2023.
The figure is up 12.8% on the previous year and down 57.4% over ten years.
Over the whole period, interest payments in Tonga peaked at 2.9% in 2013 and was at its lowest, 0.8%, in 2021.
Tonga ranks 139th of 155 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Interest payments in Tonga, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2013 | 2.9% | — |
| 2014 | 2.4% | -19.8% |
| 2015 | 2.4% | +3.4% |
| 2016 | 2.1% | -12.9% |
| 2017 | 1.9% | -12.2% |
| 2018 | 1.8% | -3.2% |
| 2019 | 1.7% | -8.5% |
| 2020 | 1.7% | +0.7% |
| 2021 | 0.8% | -52.1% |
| 2022 | 1.1% | +39.6% |
| 2023 | 1.3% | +12.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.2% | 1.7% | 2.9% | 7 |
| 2020s | 1.2% | 0.8% | 1.7% | 4 |
Countries ranked near Tonga
More public sector data for Tonga
- Arms imports 7.00 million SIPRI trend indicator values (2020)
- Arms imports (SIPRI trend indicator values), per capita 66.22 SIPRI trend indicator values per person (2020)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0138 SIPRI trend indicator values per US$ of GDP (2020)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2020)
- Arms imports (SIPRI trend indicator values), per square kilometre 9,722 SIPRI trend indicator values per square kilometre (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)
Frequently asked questions
- What is interest payments in Tonga?
- Interest payments in Tonga was 1.3% 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 2.9% in 2013.
- What is the lowest interest payments recorded in Tonga?
- The lowest recorded value was 0.8% in 2021.
- How does Tonga rank for interest payments?
- Tonga ranks 139th out of 155 countries with data for 2023.
- Is interest payments rising or falling in Tonga?
- Over the last ten years it is down 57.4%. 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 revenue). Statizoid updates them automatically from the source API.
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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 a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.