Multilateral debt service in Tonga
Tonga: Multilateral debt service was 13.9% in 2024. ▲ Rising
Multilateral debt service in Tonga, 1985–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of public and publicly guaranteed debt service.
Analysis
The most recent figure for multilateral debt service in Tonga is 13.9%, measured in 2024. That is the lowest value across all 40 years on record.
Compared with earlier readings it is down 28.1% on the previous year and down 74.3% over ten years.
Over the whole period, multilateral debt service in Tonga peaked at 72.0% in 2005 and was at its lowest, 13.9%, in 2024.
That places Tonga 110th out of 123 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 40 years of available data.
Multilateral debt service in Tonga, year by year
| Year | % of public and publicly guaranteed debt service | Change |
|---|---|---|
| 1985 | 37.2% | — |
| 1986 | 34.2% | -8.2% |
| 1987 | 36.9% | +8.1% |
| 1988 | 36.5% | -1.1% |
| 1989 | 48.1% | +31.5% |
| 1990 | 47.6% | -1.0% |
| 1991 | 45.8% | -3.8% |
| 1992 | 44.1% | -3.6% |
| 1993 | 48.7% | +10.3% |
| 1994 | 41.7% | -14.4% |
| 1995 | 41.0% | -1.6% |
| 1996 | 44.7% | +9.0% |
| 1997 | 34.1% | -23.7% |
| 1998 | 38.9% | +14.2% |
| 1999 | 37.7% | -3.0% |
| 2000 | 34.3% | -9.0% |
| 2001 | 61.4% | +78.9% |
| 2002 | 42.5% | -30.8% |
| 2003 | 53.4% | +25.6% |
| 2004 | 53.6% | +0.4% |
| 2005 | 72.0% | +34.4% |
| 2006 | 67.8% | -5.9% |
| 2007 | 62.4% | -7.9% |
| 2008 | 57.8% | -7.5% |
| 2009 | 56.5% | -2.1% |
| 2010 | 51.7% | -8.6% |
| 2011 | 56.1% | +8.5% |
| 2012 | 50.9% | -9.2% |
| 2013 | 48.6% | -4.6% |
| 2014 | 54.1% | +11.3% |
| 2015 | 51.7% | -4.5% |
| 2016 | 54.8% | +6.1% |
| 2017 | 61.0% | +11.4% |
| 2018 | 38.8% | -36.4% |
| 2019 | 61.9% | +59.5% |
| 2020 | 55.5% | -10.3% |
| 2021 | 71.4% | +28.6% |
| 2022 | 29.6% | -58.5% |
| 2023 | 19.3% | -34.8% |
| 2024 | 13.9% | -28.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 38.6% | 34.2% | 48.1% | 5 |
| 1990s | 42.4% | 34.1% | 48.7% | 10 |
| 2000s | 56.2% | 34.3% | 72.0% | 10 |
| 2010s | 53.0% | 38.8% | 61.9% | 10 |
| 2020s | 37.9% | 13.9% | 71.4% | 5 |
Countries ranked near Tonga
More external debt data for Tonga
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 6.2% (2024)
- Net financial flows, IDA -97,000 NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -0.9311 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0001 NFL, current US$ per US$ of GDP (2024)
- Public and publicly guaranteed debt service 24.6% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 538.89 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is multilateral debt service in Tonga?
- Multilateral debt service in Tonga was 13.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest multilateral debt service recorded in Tonga?
- The highest recorded value was 72.0% in 2005.
- What is the lowest multilateral debt service recorded in Tonga?
- The lowest recorded value was 13.9% in 2024.
- How does Tonga rank for multilateral debt service?
- Tonga ranks 110th out of 123 countries with data for 2024.
- Is multilateral debt service rising or falling in Tonga?
- Over the last ten years it is down 74.3%. The long-run trend across the full record is rising.
- Where does this Tonga data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Multilateral debt service (% of public and publicly guaranteed debt service). Statizoid updates them automatically from the source API.
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About this data
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.