Tonga: Liquid liabilities, percent of GDP

The latest value from 2020 is 62.65 percent, an increase from 51.74 percent in 2019. In comparison, the world average is 85.21 percent, based on data from 155 countries. Historically, the average for Tonga from 1989 to 2020 is 41.07 percent. The minimum value, 26.49 percent, was reached in 1994 while the maximum of 62.65 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Ratio of liquid liabilities to GDP. Liquid liabilities are also known as broad money, or M3. They are the sum of currency and deposits in the central bank (M0), plus transferable deposits and electronic currency (M1), plus time and savings deposits, foreign currency transferable deposits, certificates of deposit, and securities repurchase agreements (M2), plus travelers checks, foreign currency time deposits, commercial paper, and shares of mutual funds or market funds held by residents.