Private credit by deposit money banks and other financial in Tonga
Tonga: Private credit by deposit money banks and other financial was 38.8% in 2020. ▲ Rising
Private credit by deposit money banks and other financial in Tonga, 1975–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, private credit by deposit money banks and other financial in Tonga stood at 38.8%.
The figure is up 3.8% on the previous year and down 2.8% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Tonga peaked at 55.1% in 2007 and was at its lowest, 2.7%, in 1975.
That places Tonga 106th 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.
Private credit by deposit money banks and other financial in Tonga, year by year
| Year | % | 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% | +3.5% |
| 2002 | 44.1% | +5.1% |
| 2003 | 44.6% | +1.3% |
| 2004 | 40.6% | -9.0% |
| 2005 | 52.9% | +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% | -7.2% |
| 2013 | 30.7% | +0.2% |
| 2014 | 31.5% | +2.6% |
| 2015 | 33.9% | +7.8% |
| 2016 | 37.2% | +9.8% |
| 2017 | 37.8% | +1.7% |
| 2018 | 39.4% | +4.2% |
| 2019 | 37.4% | -5.2% |
| 2020 | 38.8% | +3.8% |
Tonga compared with similar countries
- Tonga's 38.8% is below the median for upper middle income countries, which is 50.2%, 77% of the median. (55 countries reporting)
- Tonga's 38.8% is below the median for East Asia & Pacific, which is 114.2%, 34% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial 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 |
|---|---|---|---|
| 1976 | +215.8% | 2.7% | 8.5% |
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 | 35.1% | 30.6% | 39.9% | 10 |
| 2020s | 38.8% | 38.8% | 38.8% | 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 private credit by deposit money banks and other financial in Tonga?
- Private credit by deposit money banks and other financial in Tonga was 38.8% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Tonga?
- The highest recorded value was 55.1% in 2007.
- What is the lowest private credit by deposit money banks and other financial recorded in Tonga?
- The lowest recorded value was 2.7% in 1975.
- How does Tonga rank for private credit by deposit money banks and other financial?
- Tonga ranks 106th out of 187 countries with data for 2020.
- Is private credit by deposit money banks and other financial rising or falling in Tonga?
- Over the last ten years it is down 2.8%. 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 Private credit by deposit money banks and other financial institutions 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
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)