Fiscal Situation of General Government: Net Lending/borrowing for Tonga
TONGGXCNLG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-12.19
Year-over-Year Change
-408.37%
Date Range
1/1/1999 - 1/1/2029
Summary
The 'Fiscal Situation of General Government: Net Lending/borrowing for Tonga' series measures the difference between government revenue and expenditure as a percentage of GDP. This statistic is a key indicator of the government's fiscal health and sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The net lending/borrowing ratio reflects a government's overall fiscal balance, capturing both revenue and spending. It provides insight into a country's fiscal policy stance and ability to finance its activities, which is crucial for economic policymaking and assessment.
Methodology
This data is collected and calculated by the International Monetary Fund (IMF) based on national accounts information.
Historical Context
Governments and analysts closely monitor this metric to gauge the effectiveness of fiscal policy and a country's fiscal consolidation efforts.
Key Facts
- Tonga's net lending/borrowing ratio was -3.6% of GDP in 2020.
- A positive ratio indicates a fiscal surplus, while a negative ratio signals a fiscal deficit.
- Tonga has run fiscal deficits for much of the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the difference between Tonga's government revenue and expenditure as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The net lending/borrowing ratio is a key indicator of the government's fiscal health and sustainability, providing insight into its ability to finance its activities and the effectiveness of its fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts information.
Q: How is this trend used in economic policy?
A: Governments and analysts closely monitor this metric to assess the fiscal policy stance and a country's fiscal consolidation efforts.
Q: Are there update delays or limitations?
A: The data may be subject to revision and can have a delay in reporting, as it relies on national accounts information.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Net Lending/borrowing for Tonga (TONGGXCNLG01GDPPT), retrieved from FRED.