Tonga: Recent Economic Developments

International Monetary Fund

No 1995/067, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; export; Tonga; firm; price; commercial activity; squash export receipt; Tongan authorities; New Zealand firm; gross revenue; tertiary sector; export quota; vanilla export; primary sector; Tongan economy; narrow money; Exports; Imports; Commercial banks; Monetary base; Australia and New Zealand (search for similar items in EconPapers)
Pages: 78
Date: 1995-07-24
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