IMF Staff Country Reports

Tonga: Recent Economic Developments

Publication Date:

July 24, 1995

Summary:

This paper reviews economic developments in Tonga during 1990–95. During 1990/91–1991/92, GDP rose by an average of 3.4 percent, fueled by a fourfold increase in squash exports. In 1992/93, GDP growth quickened to 3.7 percent, largely on the basis of a rebound in construction and a rise in domestically oriented manufacturing production—and despite a sharp fall in squash exports. In 1993/94, growth reached 4.7 percent, as squash exports again increased, construction boomed, and commerce accelerated.

Series:

Country Report No. 1995/067

Subject:

Commercial banks Expenditure Exports Financial institutions Imports International trade Monetary base Money

Notes:

This report on recent economic developments in Tonga was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.