household debts in Tonga

Gross debt in Tonga

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Tonga in the period from 1998 to 2021 was between 69.0 million and 256.2 million USD. The hightest level within the past 23 years was reached in 2012. However, the liabilities in 2021 have been only 223 million USD

Based on the number of inhabitants, this is a debt of 2,104 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt for the last 23 years in millions of USD

YearTonga totalTonga per capitaEU per capita
199869.00 M USD711 USD14,079 USD
199976.50 M USD785 USD14,032 USD
200089.24 M USD911 USD11,232 USD
200196.71 M USD982 USD11,255 USD
2002110.87 M USD1,120 USD12,258 USD
2003113.71 M USD1,142 USD15,286 USD
2004120.52 M USD1,203 USD17,595 USD
2005113.49 M USD1,125 USD18,327 USD
2006115.58 M USD1,136 USD18,877 USD
2007112.89 M USD1,100 USD20,898 USD
2008117.12 M USD1,133 USD24,086 USD
2009124.10 M USD1,194 USD25,361 USD
2010164.10 M USD1,578 USD26,496 USD
2011214.94 M USD2,076 USD29,231 USD
2012256.21 M USD2,494 USD28,174 USD
2013220.99 M USD2,171 USD29,981 USD
2014208.84 M USD2,067 USD30,648 USD
2015223.64 M USD2,107 USD25,918 USD
2016207.81 M USD1,966 USD26,261 USD
2017209.85 M USD1,991 USD27,024 USD
2018224.41 M USD2,134 USD28,448 USD
2019211.59 M USD2,016 USD27,168 USD
2020211.47 M USD2,009 USD30,783 USD
2021223.11 M USD2,104 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Tonga       European Union

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