Tonga - External debt stocks, total (DOD, current US$)

The latest value for External debt stocks, total (DOD, current US$) in Tonga was $188,682,700 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $199,476,800 in 2013 and $453,600 in 1970.

Definition: Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 $453,600
1971 $467,071
1972 $976,810
1973 $2,207,040
1974 $3,111,763
1975 $2,811,266
1976 $2,357,347
1977 $3,006,606
1978 $4,095,164
1979 $6,375,611
1980 $22,455,640
1981 $21,171,190
1982 $21,926,510
1983 $20,311,770
1984 $19,347,570
1985 $24,548,070
1986 $28,928,950
1987 $36,096,240
1988 $37,559,880
1989 $39,140,010
1990 $53,683,030
1991 $44,995,160
1992 $43,483,000
1993 $44,241,810
1994 $58,640,380
1995 $64,114,190
1996 $63,805,060
1997 $58,676,000
1998 $64,879,600
1999 $78,049,430
2000 $73,965,560
2001 $71,355,540
2002 $81,495,990
2003 $93,415,980
2004 $94,356,380
2005 $89,030,080
2006 $91,618,900
2007 $96,867,970
2008 $98,959,550
2009 $114,892,400
2010 $153,652,300
2011 $191,201,700
2012 $197,997,000
2013 $199,476,800
2014 $195,792,300
2015 $184,322,300
2016 $177,977,700
2017 $196,852,300
2018 $188,682,700

Development Relevance: External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels.

Statistical Concept and Methodology: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Sum

Periodicity: Annual


Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt