Tonga: Lending interest rate

* indicates monthly or quarterly data series
 Tonga

Interest rates on bank credit to the private sector

 Latest value 7.86
 Year 2022
 Measure percent
 Data availability 2012 - 2022
 Average 8.32
 Min - Max 7.76 - 9.93
 Source The World Bank
For that indicator, we provide data for Tonga from 2012 to 2022. The average value for Tonga during that period was 8.32 percent with a minimum of 7.76 percent in 2021 and a maximum of 9.93 percent in 2012. The latest value from 2022 is 7.86 percent. For comparison, the world average in 2022 based on 91 countries is 11.75 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Tonga - Lending interest rate - Recent values chart

Historical chart
Tonga - Lending interest rate - historical chart - 2012-2022




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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 Related indicators Latest value Reference Measure
 Lending-deposit interest rate spread 5.76 2020 interest rate points
 Non-performing loans 3.50 2021 percent
 Bank credit to deposits 71.53 2020 percent
 Regulatory capital to risk-weighted assets 30.54 2020 percent
 Banking system capital to assets 22.06 2020 percent
 Lending interest rate 7.86 2022 percent
 Real interest rate -0.60 2022 percent
 Legal rights 10.00 2019 points
 Credit information sharing 4.00 2019 points
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