Tonga: Primary budget balance
* indicates monthly or quarterly data series
| Tonga |
Primary budget balance, percent of GDP |
|---|---|
| Latest value | 4.62 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1999 - 2024 |
| Average | 2.74 |
| Min - Max | -5.17 - 7.65 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 4.62 percent, a decline from 6.81 percent in 2023. In comparison, the world average is -1.04 percent, based on data from 179 countries. Historically, the average for Tonga from 1999 to 2024 is 2.74 percent. The minimum value, -5.17 percent, was reached in 2011 while the maximum of 7.65 percent was recorded in 2009.
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* indicates monthly or quarterly data series
| Recent values | Tonga: Primary budget balance |
|---|---|
| 2024 | 4.62 |
| 2023 | 6.81 |
| 2022 | 0.41 |
| 2021 | -0.52 |
| 2020 | 5.96 |
| 2019 | 3.99 |
| 2018 | 3.69 |
| 2017 | 4.40 |
Definition: The difference between a government's total revenue and its total expenditure, excluding interest payments on its outstanding debt. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 23.54 | 2024 | percent |
| Government spending, in dollars | 0.15 | 2024 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 4.17 | 2024 | percent |
| Primary budget balance | 4.62 | 2024 | percent |
| Tax revenue | 20.45 | 2023 | percent |
| Taxes on goods and services | 29.98 | 2023 | percent |
| Taxes on international trade | 4.84 | 2023 | percent |
| Income and profits taxes | 8.88 | 2023 | percent |
| Foreign aid | 129.55 | 2023 | million U.S. dollars |
| Government debt | 36.96 | 2024 | percent |
| Government debt in foreign currency, percent | 87.24 | 2017 | percent |
| Government debt held by non-residents | 87.24 | 2017 | percent |
| Short-term government debt | 0.45 | 2014 | percent |