Financial system deposits to GDP (%) in Tonga
Tonga: Financial system deposits to GDP (%) was 54.3% in 2020. ▲ Rising
Financial system deposits to GDP in Tonga, 1975–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Tonga recorded 54.3% for financial system deposits to gdp in 2020. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 17.8% on the previous year and up 36.0% over ten years.
Over the whole period, financial system deposits to gdp in Tonga peaked at 54.3% in 2020 and was at its lowest, 15.2%, in 1975.
Tonga ranks 102nd of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 46 years of available data.
Financial system deposits to GDP (%) in Tonga, year by year
| Year | % | Change |
|---|---|---|
| 1975 | 15.2% | — |
| 1976 | 20.1% | +32.7% |
| 1977 | 26.3% | +30.6% |
| 1978 | 23.9% | -8.9% |
| 1979 | 24.5% | +2.4% |
| 1980 | 24.2% | -1.0% |
| 1981 | 21.7% | -10.7% |
| 1982 | 22.6% | +4.4% |
| 1983 | 24.4% | +7.9% |
| 1984 | 25.3% | +3.7% |
| 1985 | 27.9% | +10.3% |
| 1986 | 27.7% | -0.5% |
| 1987 | 29.4% | +5.9% |
| 1988 | 26.2% | -10.8% |
| 1989 | 26.1% | -0.4% |
| 1990 | 28.9% | +10.8% |
| 1991 | 28.0% | -3.0% |
| 1992 | 24.6% | -12.2% |
| 1993 | 30.1% | +22.3% |
| 1994 | 23.6% | -21.4% |
| 1995 | 24.2% | +2.3% |
| 1996 | 24.9% | +3.1% |
| 1997 | 27.2% | +9.1% |
| 1998 | 29.5% | +8.3% |
| 1999 | 29.8% | +1.1% |
| 2000 | 33.6% | +12.7% |
| 2001 | 36.4% | +8.5% |
| 2002 | 35.2% | -3.5% |
| 2003 | 36.0% | +2.4% |
| 2004 | 38.4% | +6.5% |
| 2005 | 43.7% | +13.8% |
| 2006 | 39.8% | -8.9% |
| 2007 | 44.7% | +12.2% |
| 2008 | 40.8% | -8.7% |
| 2009 | 40.9% | +0.4% |
| 2010 | 39.9% | -2.5% |
| 2011 | 36.3% | -9.0% |
| 2012 | 39.1% | +7.5% |
| 2013 | 40.8% | +4.4% |
| 2014 | 43.1% | +5.6% |
| 2015 | 46.8% | +8.6% |
| 2016 | 48.5% | +3.6% |
| 2017 | 48.3% | -0.4% |
| 2018 | 49.6% | +2.7% |
| 2019 | 46.1% | -7.1% |
| 2020 | 54.3% | +17.8% |
Tonga compared with similar countries
- Tonga's 54.3% is below the median for upper middle income countries, which is 56.7%, 96% of the median. (55 countries reporting)
- Tonga's 54.3% is below the median for East Asia & Pacific, which is 81.6%, 67% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.0% | 15.2% | 26.3% | 5 |
| 1980s | 25.6% | 21.7% | 29.4% | 10 |
| 1990s | 27.1% | 23.6% | 30.1% | 10 |
| 2000s | 38.9% | 33.6% | 44.7% | 10 |
| 2010s | 43.8% | 36.3% | 49.6% | 10 |
| 2020s | 54.3% | 54.3% | 54.3% | 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 financial system deposits to gdp in Tonga?
- Financial system deposits to gdp in Tonga was 54.3% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Tonga?
- The highest recorded value was 54.3% in 2020.
- What is the lowest financial system deposits to gdp recorded in Tonga?
- The lowest recorded value was 15.2% in 1975.
- How does Tonga rank for financial system deposits to gdp?
- Tonga ranks 102nd out of 185 countries with data for 2020.
- Is financial system deposits to gdp rising or falling in Tonga?
- Over the last ten years it is up 36.0%. The long-run trend across the full record is rising.
- Where does this Tonga data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).