Domestic credit to private sector in Tonga in 2024 was 41.67% of GDP. In 2023, the value was amounted to 41.43% of GDP. It has been growing in this country for already 3 years in a row. Since 1975, for the whole period of data from IMF, this indicator has increased in 15.49 times. The lowest domestic credit to private sector as a share of GDP in Tonga was recorded in 1975, with a value of 2.69%. The highest value was in 2007, when it reached 55.08% of GDP.
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.
Domestic credit to private sector | Tonga
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Primary data
Sum
In local currency
Sum in constant 2015 dollars
Per capita
Table
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Source:
World bank,
OECD,
IMF
World bank
https://www.worldbank.org
https://www.worldbank.org
OECD
http://oecdru.org
http://oecdru.org
IMF
https://www.imf.org
https://www.imf.org
Overview
Additional infomation:
About indicator
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.
