Domestic credit to private sector in Tonga
Tonga: Domestic credit to private sector was 39.2% in 2020. ▲ Rising
Domestic credit to private sector in Tonga, 1975–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Tonga is 39.2%, measured in 2020.
The figure is up 3.9% on the previous year and down 1.8% over ten years.
Over the whole period, domestic credit to private sector in Tonga peaked at 55.1% in 2007 and was at its lowest, 2.7%, in 1975.
That places Tonga 105th out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Domestic credit to private sector in Tonga, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 2.7% | — |
| 1976 | 8.5% | +215.8% |
| 1977 | 10.4% | +22.7% |
| 1978 | 10.4% | +0.3% |
| 1979 | 13.7% | +31.5% |
| 1980 | 15.6% | +13.7% |
| 1981 | 18.4% | +17.8% |
| 1982 | 22.2% | +20.7% |
| 1983 | 20.7% | -6.7% |
| 1984 | 21.5% | +3.7% |
| 1985 | 25.4% | +18.4% |
| 1986 | 24.7% | -2.8% |
| 1987 | 29.4% | +19.0% |
| 1988 | 36.2% | +23.1% |
| 1989 | 39.1% | +7.9% |
| 1990 | 37.7% | -3.6% |
| 1991 | 32.1% | -14.8% |
| 1992 | 30.1% | -6.1% |
| 1993 | 31.7% | +5.2% |
| 1994 | 30.3% | -4.3% |
| 1995 | 35.5% | +17.1% |
| 1996 | 35.6% | +0.2% |
| 1997 | 40.4% | +13.5% |
| 1998 | 42.3% | +4.6% |
| 1999 | 37.9% | -10.4% |
| 2000 | 40.5% | +7.0% |
| 2001 | 41.9% | +3.4% |
| 2002 | 44.0% | +5.1% |
| 2003 | 44.6% | +1.3% |
| 2004 | 40.6% | -9.1% |
| 2005 | 52.8% | +30.2% |
| 2006 | 48.2% | -8.7% |
| 2007 | 55.1% | +14.2% |
| 2008 | 52.3% | -5.1% |
| 2009 | 48.0% | -8.2% |
| 2010 | 39.9% | -16.8% |
| 2011 | 33.0% | -17.4% |
| 2012 | 30.6% | -7.1% |
| 2013 | 30.7% | +0.2% |
| 2014 | 31.6% | +2.9% |
| 2015 | 34.1% | +7.9% |
| 2016 | 37.4% | +9.8% |
| 2017 | 38.0% | +1.5% |
| 2018 | 39.6% | +4.4% |
| 2019 | 37.7% | -4.8% |
| 2020 | 39.2% | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.2% | 2.7% | 13.7% | 5 |
| 1980s | 25.3% | 15.6% | 39.1% | 10 |
| 1990s | 35.4% | 30.1% | 42.3% | 10 |
| 2000s | 46.8% | 40.5% | 55.1% | 10 |
| 2010s | 35.3% | 30.6% | 39.9% | 10 |
| 2020s | 39.2% | 39.2% | 39.2% | 1 |
Countries ranked near Tonga
More financial sector data for Tonga
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 45.37 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0051 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 33.13 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 45.37 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Tonga?
- Domestic credit to private sector in Tonga was 39.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Tonga?
- The highest recorded value was 55.1% in 2007.
- What is the lowest domestic credit to private sector recorded in Tonga?
- The lowest recorded value was 2.7% in 1975.
- How does Tonga rank for domestic credit to private sector?
- Tonga ranks 105th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Tonga?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is rising.
- Where does this Tonga data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.