Resolving insolvency: Recovery rate in Tonga
Tonga: Resolving insolvency: Recovery rate was 28.2 cents on the dollar in 2019. ▲ Rising
Resolving insolvency: Recovery rate in Tonga, 2003–2019
Source: World Bank. Measured in cents on the dollar.
Analysis
Tonga recorded 28.2 cents on the dollar for resolving insolvency: recovery rate in 2019.
That represents a change of down 0.4% on the previous year and up 10.6% over ten years.
Over the whole period, resolving insolvency: recovery rate in Tonga peaked at 28.3 cents on the dollar in 2017 and was at its lowest, 25.3 cents on the dollar, in 2005.
Tonga ranks 116th of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Resolving insolvency: Recovery rate in Tonga, year by year
| Year | cents on the dollar | Change |
|---|---|---|
| 2003 | 26 cents on the dollar | — |
| 2004 | 26.8 cents on the dollar | +3.1% |
| 2005 | 25.3 cents on the dollar | -5.6% |
| 2006 | 25.9 cents on the dollar | +2.4% |
| 2007 | 25.6 cents on the dollar | -1.2% |
| 2008 | 25.5 cents on the dollar | -0.4% |
| 2009 | 25.5 cents on the dollar | +0.0% |
| 2010 | 25.5 cents on the dollar | +0.0% |
| 2011 | 25.9 cents on the dollar | +1.6% |
| 2012 | 26 cents on the dollar | +0.4% |
| 2013 | 26.3 cents on the dollar | +1.2% |
| 2014 | 27.1 cents on the dollar | +3.0% |
| 2015 | 27.6 cents on the dollar | +1.8% |
| 2016 | 28 cents on the dollar | +1.4% |
| 2017 | 28.3 cents on the dollar | +1.1% |
| 2018 | 28.3 cents on the dollar | +0.0% |
| 2019 | 28.2 cents on the dollar | -0.4% |
Tonga compared with similar countries
- Tonga's 28.2 cents on the dollar is below the median for upper middle income countries, which is 33.45 cents on the dollar, 84% of the median. (56 countries reporting)
- Tonga's 28.2 cents on the dollar is below the median for East Asia & Pacific, which is 29.3 cents on the dollar, 96% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.8 cents on the dollar | 25.3 cents on the dollar | 26.8 cents on the dollar | 7 |
| 2010s | 27.12 cents on the dollar | 25.5 cents on the dollar | 28.3 cents on the dollar | 10 |
Countries ranked near Tonga
- 113 Bangladesh 29.1 cents on the dollar compare
- 114 Morocco 28.7 cents on the dollar compare
- 115 Mali 28.3 cents on the dollar compare
- 117 Guatemala 28.1 cents on the dollar compare
- 117 Lesotho 28.1 cents on the dollar compare
- 119 Nigeria 27.8 cents on the dollar compare
- 119 Gambia 27.8 cents on the dollar compare
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: recovery rate in Tonga?
- Resolving insolvency: recovery rate in Tonga was 28.2 cents on the dollar in 2019, according to the World Bank.
- What is the highest resolving insolvency: recovery rate recorded in Tonga?
- The highest recorded value was 28.3 cents on the dollar in 2017.
- What is the lowest resolving insolvency: recovery rate recorded in Tonga?
- The lowest recorded value was 25.3 cents on the dollar in 2005.
- How does Tonga rank for resolving insolvency: recovery rate?
- Tonga ranks 116th out of 191 countries with data for 2019.
- Is resolving insolvency: recovery rate rising or falling in Tonga?
- Over the last ten years it is up 10.6%. The long-run trend across the full record is rising.
- Where does this Tonga data come from?
- The figures come from the World Bank, published as part of Resolving insolvency: Recovery rate (cents on the dollar). 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 recovery rate is recorded as cents on the dollar recovered by secured creditors through judicial reorganization, liquidation or debt enforcement (foreclosure or receivership) proceedings. The calculation takes into account the outcome: whether the business emerges from the proceedings as a going concern or the assets are sold piecemeal.