Tonga: Lending interest rate

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Tonga: Interest rates on bank credit to the private sector

: For that indicator, The World Bank provides data for Tonga from 1980 to 2018. The average value for Tonga during that period was 10.78 percent with a minumum of 7.87 percent in 2017 and a maximum of 13.5 percent in 1990. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The lending interest rate in Tonga shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
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