Net lending (+) / net borrowing (-) in Tonga
Tonga: Net lending (+) / net borrowing (-) was 5.3% in 2023. ◆ Volatile
Net lending (+) / net borrowing (-) in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net lending (+) / net borrowing (-) in Tonga is 5.3%, measured in 2023. That is the highest value across all 11 years on record.
The figure is up 744.4% on the previous year and up 824.4% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Tonga peaked at 5.3% in 2023 and was at its lowest, -0.9%, in 2021.
Tonga ranks 8th of 156 countries on this measure, in the top 10%.
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 | 2.0% | -0.7% | 3.6% | 7 |
| 2020s | 2.2% | -0.9% | 5.3% | 4 |
Countries ranked near Tonga
- 5 Seychelles 7.2% compare
- 6 Macao 7.0% compare
- 7 Micronesia (country) 6.9% compare
- 9 Marshall Islands 5.0% compare
- 11 Samoa 4.4% compare
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)
- Interest payments 1.3% (2023)
- Grants and other revenue 56.2% (2023)
- Interest payments 1.7% (2023)
- Other taxes 0.1% (2023)
- Compensation of employees 33.8% (2023)
Frequently asked questions
- What is net lending (+) / net borrowing (-) in Tonga?
- Net lending (+) / net borrowing (-) 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 lending (+) / net borrowing (-) recorded in Tonga?
- The highest recorded value was 5.3% in 2023.
- What is the lowest net lending (+) / net borrowing (-) recorded in Tonga?
- The lowest recorded value was -0.9% in 2021.
- How does Tonga rank for net lending (+) / net borrowing (-)?
- Tonga ranks 8th out of 156 countries with data for 2023.
- Is net lending (+) / net borrowing (-) rising or falling in Tonga?
- Over the last ten years it is up 824.4%. 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 lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.