Tonga: Recent Economic Developments
July 24, 1995
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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.
Subject: Commercial banks, Expenditure, Exports, Financial institutions, Imports, International trade, Monetary base, Money
Keywords: Australia and New Zealand, commercial activity, Commercial banks, CR, export, export quota, Exports, firm, gross revenue, Imports, ISCR, Monetary base, narrow money, New Zealand firm, price, primary sector, squash export receipt, tertiary sector, Tonga, Tongan authorities, Tongan economy, vanilla export
Pages:
78
Volume:
1995
DOI:
Issue:
067
Series:
Country Report No. 1995/067
Stock No:
1TONEA0011995
ISBN:
9781451837391
ISSN:
1934-7685
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.
