Net incurrence of liabilities, total in Tonga
Tonga: Net incurrence of liabilities, total was 693,426 current LCU in 2023. ◆ Volatile
Net incurrence of liabilities, total in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net incurrence of liabilities, total in Tonga is 693,426 current LCU, measured in 2023.
The figure is up 105.6% on the previous year and up 112.0% over ten years.
Over the whole period, net incurrence of liabilities, total in Tonga peaked at 14.05 million current LCU in 2021 and was at its lowest, -13.41 million current LCU, in 2019.
That places Tonga 122nd out of 136 countries with data for 2023, putting it in the bottom 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 | 137,354 current LCU | -13.41 million current LCU | 13.94 million current LCU | 7 |
| 2020s | 2.64 million current LCU | -12.48 million current LCU | 14.05 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 net incurrence of liabilities, total in Tonga?
- Net incurrence of liabilities, total in Tonga was 693,426 current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Tonga?
- The highest recorded value was 14.05 million current LCU in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Tonga?
- The lowest recorded value was -13.41 million current LCU in 2019.
- How does Tonga rank for net incurrence of liabilities, total?
- Tonga ranks 122nd out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Tonga?
- Over the last ten years it is up 112.0%. 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 incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.