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. 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. Tonga had 39,000 visitors in 2006. 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, moderate inflation, pressures for democratic reform, and rising civil service expenditures are major issues facing the government.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates: Fiscal year:
NOTE: 1) The information regarding Tonga on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Tonga Economy 2013 information contained here. All suggestions for corrections of any errors about Tonga Economy 2013 should be addressed to the CIA.
$786 million (2012 est.)
country comparison to the world: 211
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$476 million (2012 est.)
1.4% (2012 est.)
country comparison to the world: 153
$7,500 (2012 est.)
country comparison to the world: 135
note:
data are in 2012 US dollars
agriculture: 20.9%
industry:
16.6%
services:
62.5% (2012 est.)
39,960 (2007)
country comparison to the world: 196
agriculture: 31.8%
industry:
30.6%
services:
2,003% (2003 est.)
13% (FY03/04 est.)
country comparison to the world: 133
24% (FY03/04)
lowest 10%: NA%
highest 10%:
NA%
revenues: $115.1 million
expenditures:
$115.1 million (2012 est.)
24.2% of GDP (2012 est.)
country comparison to the world: 131
0% of GDP (2012 est.)
country comparison to the world: 43
4.5% (2012 est.)
country comparison to the world: 126
11.9% (31 December 2012 est.)
country comparison to the world: 73
$67.82 million (31 December 2012 est.)
country comparison to the world: 185
$169.2 million (31 December 2012 est.)
country comparison to the world: 187
$164.2 million (31 December 2012 est.)
country comparison to the world: 183
$NA
squash, coconuts, copra, bananas, vanilla beans, cocoa, coffee, ginger, black pepper; fish
tourism, construction, fishing
1% (2003 est.)
country comparison to the world: 138
-$48.1 million (2012 est.)
country comparison to the world: 63
$11.4 million (2012 est.)
country comparison to the world: 214
squash, fish, vanilla beans, root crops
Hong Kong 19.9%, Japan 14.3%, US 10.6%, South Korea 10.1%, Fiji 8.9%, NZ 8.6%, Samoa 7.5%, Brazil 5.3%, American Samoa 4.7% (2011)
$124.2 million (2012 est.)
country comparison to the world: 209
foodstuffs, machinery and transport equipment, fuels, chemicals
Fiji 36.7%, NZ 24.9%, US 10.5%, China 7.2% (2011)
$118.3 million (31 December 2012 est.)
country comparison to the world: 161
$118.6 million (31 December 2012 est.)
country comparison to the world: 189
pa'anga (TOP) per US dollar -
1 July - 30 June
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 11-Mar-13