Resolving insolvency: Cost in Tonga
Tonga: Resolving insolvency: Cost was 22.0% in 2019. ▬ Flat
Resolving insolvency: Cost in Tonga, 2003–2019
Source: World Bank. Measured in % of estate.
Analysis
The most recent figure for resolving insolvency: cost in Tonga is 22.0%, measured in 2019. That is the highest value across all 17 years on record.
The figure is unchanged over ten years.
Over the whole period, resolving insolvency: cost in Tonga peaked at 22.0% in 2003 and was at its lowest, 22.0%, in 2003.
That places Tonga 29th out of 168 countries with data for 2019, putting it in the top quarter.
Resolving insolvency: Cost in Tonga, year by year
| Year | % of estate | Change |
|---|---|---|
| 2003 | 22.0% | — |
| 2004 | 22.0% | +0.0% |
| 2005 | 22.0% | +0.0% |
| 2006 | 22.0% | +0.0% |
| 2007 | 22.0% | +0.0% |
| 2008 | 22.0% | +0.0% |
| 2009 | 22.0% | +0.0% |
| 2010 | 22.0% | +0.0% |
| 2011 | 22.0% | +0.0% |
| 2012 | 22.0% | +0.0% |
| 2013 | 22.0% | +0.0% |
| 2014 | 22.0% | +0.0% |
| 2015 | 22.0% | +0.0% |
| 2016 | 22.0% | +0.0% |
| 2017 | 22.0% | +0.0% |
| 2018 | 22.0% | +0.0% |
| 2019 | 22.0% | +0.0% |
Tonga compared with similar countries
- Tonga's 22.0% is above the median for upper middle income countries, which is 15.0%, 1.5× the median. (50 countries reporting)
- Tonga's 22.0% is above the median for East Asia & Pacific, which is 18.0%, 1.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.0% | 22.0% | 22.0% | 7 |
| 2010s | 22.0% | 22.0% | 22.0% | 10 |
Countries ranked near Tonga
More reference data data for Tonga
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0105 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0092 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0197 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0197 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0353 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0269 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0446 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.1068 (2050)
- Emission Totals - Emissions (N2O) - Agricultural Soils 0.0799 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 9.35 (2050)
Frequently asked questions
- What is resolving insolvency: cost in Tonga?
- Resolving insolvency: cost in Tonga was 22.0% in 2019, according to the World Bank.
- What is the highest resolving insolvency: cost recorded in Tonga?
- The highest recorded value was 22.0% in 2003.
- What is the lowest resolving insolvency: cost recorded in Tonga?
- The lowest recorded value was 22.0% in 2003.
- How does Tonga rank for resolving insolvency: cost?
- Tonga ranks 29th out of 168 countries with data for 2019.
- Is resolving insolvency: cost rising or falling in Tonga?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Tonga data come from?
- The figures come from the World Bank, published as part of Resolving insolvency: Cost (% of estate). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost to resolve insolvency is the cost of the proceedings is recorded as a percentage of the value of the debtor’s estate, including court fees and government levies, fees of insolvency administrators, auctioneers, assessors and lawyers, and all other fees and costs.