26, Apr 2015, EDT. Welcome to the Tonga economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Tonga › Change country
National or Regional Currency: Pa'anga, TOP
Year of data: 2014 › Change year
Number of Indicators Listed: 29
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 106,440 (July 2014 est.)
Area: total: 747 sq km ; land: 717 sq km ; water: 30 sq km
Natural Resources: fish, fertile soil
Capital: name: Nuku'alofa ; geographic coordinates: 21 08 S, 175 12 W ; time difference: UTC+13 (18 hours ahead of Washington, DC, during Standard Time)
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.
More on the Tonga Economy
More on the Tonga Export, Import and Trade
GDP (Constant Prices, National Currency) for Tonga in year 2014 is TOP 0.807 Billion.
GDP (Current Prices, National Currency) for Tonga in year 2014 is TOP 0.852 Billion.
GDP (Current Prices, US Dollars) for Tonga in year 2014 is US$ 0.494 Billion.
GDP Deflator for Tonga in year 2014 is 105.603 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, US Dollars) for Tonga in year 2014 is US$ 4,759.93 .
GDP (PPP), US Dollars for Tonga in year 2014 is US$ 0.523 Billion.
GDP Per Capita (PPP), US Dollars for Tonga in year 2014 is US$ 5,042.51 .
Inflation, Average Consumer Prices (Indexed to Year 2000) for Tonga in year 2014 is 108.524 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Tonga in year 2014 is 109.454 (Index, Base Year 2000 = 100).
Population for Tonga in year 2014 is 0.104 Million .
General government revenue (National Currency) for Tonga in year 2014 is TOP 0.249 Billions.
General government total expenditure (National Currency) for Tonga in year 2014 is TOP 0.243 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Tonga in year 2014 is TOP 0.006 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Tonga in year 2014 is TOP 0.83 Billions.
Current Account Balance (US Dollars) for Tonga in year 2014 is US$ -0.016 Billion.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International