Agriculture > products
squash, coconuts, copra, bananas, vanilla beans, cocoa, coffee, ginger, black pepper; fish |
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Current account balance
|
-$23,000,000.00 |
|
[67th of 181]
|
|
Definition: Economy > Current account balance |
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Source: CIA World Factbook, 28 July 2005 |
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Debt > External
|
$80,700,000.00 |
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[27th of 136]
|
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Definition: Economy > Debt > External |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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. |
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Definition: Economy > Economy > Overview |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
pa'anga per US dollar - 1.9716 (2004), 2.142 (2003), 2.1952 (2002), 2.1236 (2001), 1.7585 (2000) |
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Definition: Economy > Exchange rates |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
|
$22,000,000.00 |
|
[183rd of 189]
|
|
Definition: Economy > Exports |
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Source: CIA World Factbook, 28 July 2005 |
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Exports to US
|
$1,700,000.00 |
|
[165th of 224]
|
|
Definition: Economy > Exports to US |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$222,949,600.00 |
|
[167th of 203]
|
|
Definition: Economy > GDP |
|
Source: US Census Bureau |
|
GDP (purchasing power parity)
|
$526,000,000.00 |
|
[185th of 187]
|
|
Definition: Economy > GDP (purchasing power parity) |
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > PPP
|
$737,000,000.00 |
|
[159th of 163]
|
|
Definition: Economy > GDP > PPP |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > Real growth rate
|
-3.5% |
|
[185th of 198]
|
|
Definition: Economy > GDP > Real growth rate |
|
Source: World Bank. 2005. World Development Indicators 2005. |
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GDP growth > annual %
|
2.32 annual %
|
|
[137th of 187]
|
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Definition: Economy > GDP growth > annual % |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP per capita, PPP > current international $
|
8,176.82 PPP $
|
|
[62nd of 169]
|
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Definition: Economy > GDP per capita, PPP > current international $ |
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Source: World Development Indicators database |
|
Gross National Income
|
$154,218,000.00 |
|
[166th of 172]
|
|
Definition: Economy > Gross National Income |
|
Source: World Development Indicators database |
|
Human Development Index
|
0.81 |
|
[54th of 178]
|
|
Definition: Economy > Human Development Index |
|
Inflation rate (consumer prices)
|
5.9% |
|
[81st of 192]
|
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Definition: Economy > Inflation rate (consumer prices) |
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Source: Human Development Report 2006, United Nations Development Programme |
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Population below poverty line
|
24% |
|
[13th of 46]
|
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Definition: Economy > Population below poverty line |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Total reserves minus gold > current US$
|
46,864,170 $
|
|
[170th of 178]
|
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Definition: Economy > Total reserves minus gold > current US$ |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals
|
26,000 |
|
[139th of 152]
|
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Definition: Economy > Tourist arrivals |
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Source: World Development Indicators database |
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Tourist arrivals by region of origin > Europe
|
2,908 |
|
[170th of 195]
|
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Definition: Economy > Tourist arrivals by region of origin > Europe |
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Source: United Nations World Statistics Pocketbook and Statistical Yearbook |
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