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

The latest value for External debt stocks, long-term (DOD, current US$) in Tonga was $184,825,800 as of 2020. Over the past 35 years, the value for this indicator has fluctuated between $189,424,800 in 2013 and $23,828,070 in 1985.

Definition: Long-term debt is debt that has an original or extended maturity of more than one year. It has three components: public, publicly guaranteed, and private nonguaranteed debt. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1985 $23,828,070
1986 $28,438,950
1987 $35,556,240
1988 $36,969,880
1989 $38,080,010
1990 $44,453,030
1991 $44,235,160
1992 $42,633,000
1993 $43,671,810
1994 $57,640,380
1995 $62,794,190
1996 $62,485,060
1997 $57,649,500
1998 $64,194,100
1999 $68,673,450
2000 $65,000,620
2001 $62,558,640
2002 $71,779,700
2003 $82,864,460
2004 $83,389,020
2005 $79,506,330
2006 $81,568,990
2007 $86,468,620
2008 $88,823,300
2009 $104,575,700
2010 $143,506,400
2011 $181,062,300
2012 $187,845,800
2013 $189,424,800
2014 $186,388,100
2015 $175,219,300
2016 $165,564,600
2017 $183,700,100
2018 $177,680,800
2019 $177,383,500
2020 $184,825,800

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

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt