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Oceania > Tonga > Economy

TONGAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
squash, coconuts, copra, bananas, vanilla beans, cocoa, coffee, ginger, black pepper; fish
Current account balance -$23,000,000.00 Time series [67th of 181]
Debt > External $80,700,000.00 Time series [27th of 136]
Economy > Overview
Tonga has a small, open, South Pacific island economy. It has a narrow export base in agricultural goods. Squash, vanilla beans, and yams are the main crops, and agricultural exports, including fish, make up two-thirds of total exports. The country must import a high proportion of its food, mainly from New Zealand. The country remains dependent on external aid and remittances from Tongan communities overseas to offset its trade deficit. Tourism is the second-largest source of hard currency earnings following remittances. The government is emphasizing the development of the private sector, especially the encouragement of investment, and is committing increased funds for health and education. Tonga has a reasonably sound basic infrastructure and well-developed social services. High unemployment among the young, a continuing upturn in inflation, pressures for democratic reform, and rising civil service expenditures are major issues facing the government.
Exchange rates
pa'anga per US dollar - 1.9716 (2004), 2.142 (2003), 2.1952 (2002), 2.1236 (2001), 1.7585 (2000)
Exports $22,000,000.00 Time series [183rd of 189]
Exports to US $1,700,000.00 [165th of 224]
GDP $222,949,600.00 Time series [167th of 203]
GDP (purchasing power parity) $526,000,000.00 Time series [185th of 187]
GDP > PPP $737,000,000.00 [159th of 163]
GDP > Real growth rate -3.5% Time series [185th of 198]
GDP growth > annual % 2.32 annual % Time series [137th of 187]
GDP per capita, PPP > current international $ 8,176.82 PPP $ Time series [62nd of 169]
Gross National Income $154,218,000.00 [166th of 172]
Human Development Index 0.81 [54th of 178]
Inflation rate (consumer prices) 5.9% Time series [81st of 192]
Population below poverty line 24% Time series [13th of 46]
Total reserves minus gold > current US$ 46,864,170 $ Time series [170th of 178]
Tourist arrivals 26,000 [139th of 152]
Tourist arrivals by region of origin > Europe 2,908 Time series [170th of 195]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization

ALTERNATIVE NAMES: Tonga, Kingdom of Tonga

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