Private credit by deposit money banks to GDP in Tonga
Tonga: Private credit by deposit money banks to GDP was 38.8% in 2020. ▲ Rising
Private credit by deposit money banks to GDP in Tonga, 1975–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, private credit by deposit money banks to gdp in Tonga stood at 38.8%.
That represents a change of up 3.8% on the previous year and down 2.8% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Tonga peaked at 55.1% in 2007 and was at its lowest, 2.7%, in 1975.
That places Tonga 104th 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 to GDP 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% |
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
- 101 Venezuela, Bolivarian Republic of 39.5% compare
- 102 Seychelles 39.0% compare
- 103 Bangladesh 39.0% compare
- 105 Brunei Darussalam 38.8% compare
- 106 Hungary 38.3% compare
- 107 Lithuania 38.2% compare
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 to gdp in Tonga?
- Private credit by deposit money banks to gdp 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 to gdp recorded in Tonga?
- The highest recorded value was 55.1% in 2007.
- What is the lowest private credit by deposit money banks to gdp recorded in Tonga?
- The lowest recorded value was 2.7% in 1975.
- How does Tonga rank for private credit by deposit money banks to gdp?
- Tonga ranks 104th out of 187 countries with data for 2020.
- Is private credit by deposit money banks to gdp 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 to GDP (%). Statizoid updates them automatically from the source API.
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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 (IFS line 22d); 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).