Net acquisition of financial assets in Tonga
Tonga: Net acquisition of financial assets was 5.3% 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 % of GDP.
Analysis
In 2023, net acquisition of financial assets in Tonga stood at 5.3%.
Compared with earlier readings it is up 394.4% on the previous year and up 462.5% over ten years.
Over the whole period, net acquisition of financial assets in Tonga peaked at 5.9% in 2020 and was at its lowest, -1.8%, in 2022.
Tonga ranks 11th of 134 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net acquisition of financial assets in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2013 | -1.5% | — |
| 2014 | 1.3% | -185.8% |
| 2015 | 1.0% | -21.1% |
| 2016 | 3.9% | +297.5% |
| 2017 | 4.6% | +15.8% |
| 2018 | 2.5% | -45.7% |
| 2019 | 2.0% | -17.8% |
| 2020 | 5.9% | +191.9% |
| 2021 | 0.3% | -94.6% |
| 2022 | -1.8% | -665.0% |
| 2023 | 5.3% | -394.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.0% | -1.5% | 4.6% | 7 |
| 2020s | 2.4% | -1.8% | 5.9% | 4 |
Countries ranked near Tonga
- 8 Timor-Leste 6.1% compare
- 9 Seychelles 6.0%
- 10 Maldives 5.7% compare
- 12 Azerbaijan 5.2% compare
- 13 New Zealand 5.1%
- 14 Bulgaria 5.0%
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 net acquisition of financial assets in Tonga?
- Net acquisition of financial assets in Tonga was 5.3% 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 5.9% in 2020.
- What is the lowest net acquisition of financial assets recorded in Tonga?
- The lowest recorded value was -1.8% in 2022.
- How does Tonga rank for net acquisition of financial assets?
- Tonga ranks 11th 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 462.5%. 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 (% of GDP). 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
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.