Short-term debt (% of total external debt) in Tonga
Tonga: Short-term debt (% of total external debt) was 0.0% in 2024. ◆ Volatile
Short-term debt in Tonga, 1985–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
In 2024, short-term debt in Tonga stood at 0.0%. That is the lowest value across all 40 years on record.
Compared with earlier readings it is down 100.0% over ten years.
Over the whole period, short-term debt in Tonga peaked at 17.2% in 1990 and was at its lowest, 0.0%, in 2007.
That places Tonga 118th out of 122 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt (% of total external debt) in Tonga, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1985 | 2.9% | — |
| 1986 | 1.7% | -42.3% |
| 1987 | 1.5% | -11.7% |
| 1988 | 1.6% | +5.0% |
| 1989 | 2.7% | +72.4% |
| 1990 | 17.2% | +534.9% |
| 1991 | 1.7% | -90.2% |
| 1992 | 2.0% | +15.7% |
| 1993 | 1.3% | -34.1% |
| 1994 | 1.7% | +32.4% |
| 1995 | 2.1% | +20.7% |
| 1996 | 2.1% | +0.5% |
| 1997 | 1.7% | -15.4% |
| 1998 | 1.1% | -39.6% |
| 1999 | 0.4% | -58.3% |
| 2000 | 0.5% | +19.9% |
| 2001 | 0.7% | +39.7% |
| 2002 | 0.9% | +28.0% |
| 2003 | 0.8% | -12.4% |
| 2004 | 0.8% | -4.2% |
| 2005 | 0.1% | -83.3% |
| 2006 | 0.2% | +23.2% |
| 2007 | 0.0% | -100.0% |
| 2008 | 0.0% | — |
| 2009 | 0.0% | — |
| 2010 | 0.0% | — |
| 2011 | 0.0% | +161.1% |
| 2012 | 0.0% | -1.1% |
| 2013 | 0.0% | -90.3% |
| 2014 | 0.0% | -55.6% |
| 2015 | 0.0% | -100.0% |
| 2016 | 0.0% | — |
| 2017 | 0.0% | — |
| 2018 | 0.0% | — |
| 2019 | 0.0% | — |
| 2020 | 0.0% | — |
| 2021 | 0.0% | — |
| 2022 | 0.0% | — |
| 2023 | 0.0% | — |
| 2024 | 0.0% | — |
Tonga compared with similar countries
- Tonga's 0.0% is below the median for upper middle income countries, which is 11.8%. (52 countries reporting)
- Tonga's 0.0% is below the median for East Asia & Pacific, which is 15.4%. (16 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) in Tonga changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +534.9% | 2.7% | 17.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.1% | 1.5% | 2.9% | 5 |
| 1990s | 3.1% | 0.4% | 17.2% | 10 |
| 2000s | 0.4% | 0.0% | 0.9% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 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 23.2% (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 short-term debt in Tonga?
- Short-term debt in Tonga was 0.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Tonga?
- The highest recorded value was 17.2% in 1990.
- What is the lowest short-term debt recorded in Tonga?
- The lowest recorded value was 0.0% in 2007.
- How does Tonga rank for short-term debt?
- Tonga ranks 118th out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Tonga?
- Over the last ten years it is down 100.0%. The long-run trend across the full record is volatile.
- Where does this Tonga data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.