Tonga: Financial development

* indicates monthly or quarterly data series
 Tonga

Financial development

 Latest value 0.235
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.181
 Min - Max 0.093 - 0.240
 Source International Monetary Fund
For that indicator, we provide data for Tonga from 1980 to 2021. The average value for Tonga during that period was 0.181 index points with a minimum of 0.093 index points in 1980 and a maximum of 0.24 index points in 2017. The latest value from 2021 is 0.235 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. 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 - Financial development - Recent values chart

Historical chart
Tonga - Financial development - historical chart - 1980-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.


 Related indicators Latest value Reference Measure
 Financial development 0.235 2021 index points
 Financial institutions development 0.461 2021 index points
 Financial institutions development, depth 0.079 2021 index points
 Financial institutions development, access 0.567 2021 index points
 Financial institutions development, efficiency 0.677 2021 index points
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