Tonga: External debt

* indicates monthly or quarterly data series
 Tonga

External debt, percent of Gross National Income

 Latest value 45.14
 Year 2021
 Measure percent
 Data availability 1985 - 2021
 Average 37.07
 Min - Max 26.67 - 46.08
 Source The World Bank
For that indicator, we provide data for Tonga from 1985 to 2021. The average value for Tonga during that period was 37.07 percent with a minimum of 26.67 percent in 1997 and a maximum of 46.08 percent in 1990. The latest value from 2021 is 45.14 percent. For comparison, the world average in 2021 based on 118 countries is 62.74 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Tonga - External debt - Recent values chart

Historical chart
Tonga - External debt - historical chart - 1985-2021




The external debt of Tonga and other countries is reported as the total international obligations of the country as percent of its GDP. External debt of less than 60 percent of GDP is not a problem. At higher levels, paying the interest on the debt may start to become difficult.
Definition: Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

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 Related indicators Latest value Reference Measure
 Terms of trade 98.03 2021 percent
 Trade openness 73.37 2021 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 12.52 2021 percent
 Exports, billion dollars 0.06 2021 billion U.S. dollars
 Growth of exports -48.85 2021 percent
 Imports, percent of GDP 60.84 2021 percent
 Imports, billion dollars 0.29 2021 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.81 2021 percent
 Foreign Direct Investment, billion dollars 0.00 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -5.16 2022 percent
 Current account, in dollars -0.03 2022 billion U.S. dollars
 Trade balance, percent of GDP -48.32 2021 percent
 Trade balance, in dollars -0.27 2022 billion U.S. dollars
 Reserves 0.38 2022 billion U.S. dollars
 Remittances, percent of GDP 46.22 2021 percent
 Remittances 217.33 2022 million U.S. dollars
 Net errors and omissions -3.23 2022 million USD
 External debt 45.14 2021 percent
 Short-term external debt 0.00 2022 percent
 Short-term debt to reserves 0.00 2022 percent
 Foreign exchange reserves 0.89 9/2023 billion
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