Tonga's public and publicly guaranteed debt service (% of exports of goods, services and primary income) was 23.22% in 2024, the latest year in the World Bank's World Development Indicators. That is up 16.5 percentage points from 6.73% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 23.22% | 2024 |
| Five years earlier | 3.49% | 2019 |
| Ten years earlier | 6.73% | 2014 |
| Highest | 23.22% | 2024 |
| Lowest | 3% | 1985 |
| Average since 2015 | 7.98% | 2015–2024 |
| First recorded | 3% | 1985 |
What the numbers say
In 2024, Tonga's public and publicly guaranteed debt service (% of exports of goods, services and primary income) rose 12.81 percentage points on 2023 (from 10.41% to 23.22%).
Across the 30 yearly changes before that (1987 to 2023), the average change was +0.14 percentage points and a typical year strayed about 1.74 percentage points from that (the standard deviation). This year's change was 7.3 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 12.81 percentage points in 2024 and the biggest yearly fall was 3.16 percentage points in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 1.26 percentage points a year. A straight line explains 41% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Tonga had the 8th highest value of the 101 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Tonga | 23.22% | 2024 |
| Upper middle income | 4.17% | 2024 |
Closest to Tonga in the 2024 ranking
- Angola — 4th of 101: 26.22%
- El Salvador — 5th of 101: 25.85%
- Kenya — 6th of 101: 25.7%
- Dominica — 8th of 101: 22.58%
- Côte d'Ivoire — 9th of 101: 19.04%
- Colombia — 10th of 101: 18.92%
What this measures
Public and publicly guaranteed debt service to exports of goods, services, and income. 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. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 34 values
| Year | Public and publicly guaranteed debt service (% of exports of goods, services and primary income) |
|---|---|
| 2024 | 23.22 |
| 2023 | 10.41 |
| 2022 | 10.64 |
| 2021 | 4.86 |
| 2020 | 3.98 |
| 2019 | 3.49 |
| 2018 | 6.66 |
| 2017 | 4.04 |
| 2016 | 5.14 |
| 2015 | 7.39 |
Public and publicly guaranteed debt service (% of exports of goods, services and primary income) in nearby economies
More economic policy & debt data for Tonga
- Grants, excluding technical cooperation (BoP, current US$) — US$121.36 million (2023)
- Technical cooperation grants (BoP, current US$) — US$9.6 million (2023)
- Net official development assistance and official aid received (current US$) — US$129.55 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$129.55 million (2023)
- Net official development assistance received (current US$) — US$129.55 million (2023)
- Net official development assistance received (constant 2023 US$) — US$129.55 million (2023)
- Net ODA received per capita (current US$) — US$1,239 (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$108.76 million (2023)
Reading data like this
Questions people ask
- What is Tonga's public and publicly guaranteed debt service (% of exports of goods, services and primary income)?
- 23.22% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1985?
- It is up 20.23 percentage points from 3% in 1985. The highest value was 23.22% in 2024 and the lowest 3% in 1985.
- How does Tonga rank?
- 8th highest of 101 economies with data for 2024.
- Is the latest change in public and publicly guaranteed debt service (% of exports of goods, services and primary income) unusual for Tonga?
- In 2024, Tonga's public and publicly guaranteed debt service (% of exports of goods, services and primary income) rose 12.81 percentage points on 2023 (from 10.41% to 23.22%). Across the 30 yearly changes before that (1987 to 2023), the average change was +0.14 percentage points and a typical year strayed about 1.74 percentage points from that (the standard deviation). This year's change was 7.3 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator DT.TDS.DPPG.XP.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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