Tonga GDP Data & Country Report

Tonga Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Tonga; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

National Reserve Bank of Tonga

International Reserves

US$ 104.527 million (Source: World Bank; Data updated: November 2010)

Gross Domestic Product - GDP

US$ 378 million (2009 estimate)

GDP (Purchasing Power Parity)

770 million of International dollars (2009 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
3.5%	3.6%	3.1%	1.8%	0%	-0.2%	-0.3%	0.4%
2008	2009	2010	2011*
0.8%	-0.3%	0.3%	1.4%

*Estimate

GDP per capita - current prices

US$ 3,648 (2006 estimate)

GDP per capita - PPP

$7,429 International Dollars (2006 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0%	0%	0%	0%	0%

**Forecast

GDP - composition by sector

agriculture: 20.8%
industry: 18.1%
services: 61.1% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
7.3%(2008)	3.4%	4%	5.9%

*Estimate

Unemployment rate

2008	2009	2010	2011*
N/A	N/A	N/A(2009)	N/A

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
N/A	N/A	N/A	N/A	N/A

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
1.3%	-1%	-3.7%	-4.7%	-5.1%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
N/A	N/A	N/A

Largest companies in Tonga

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -43 million (2009 estimate)(After 2008)

Current account balance by percentage of GDP

-11.3% of GDP (2009 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

11.5% (2008)

(Data released on December 2010)

Shares in world total merchandising export

0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

N/A

Export commodities

squash, fish, vanilla beans, root crops

Total imports

US$139 million f.o.b. (2006)

Import commodities

foodstuffs, machinery and transport equipment, fuels, chemicals

Exports - major partners

US 36.7%, Japan 21.6%, NZ 10.1%, Fiji 5.8%, Samoa 4.9% (2007)

Imports - major partners

Fiji 32.5%, NZ 27.5%, US 9%, Australia 7.4%, China 5% (2007)

FDI inflows

2008	2009	2010
US$6 million	US$15 million(2009)	US$16 million(2009)

FDI outflows

2008	2009	2010
US$2 million	US$2 million	N/A

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
N/A	N/A(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 71 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 30 out of 183 countries(2009)

Registering property: 125 out of 183 countries

Paying Taxes: 31 out of 183 countries

Getting credit: 116 out of 183 countries

Protecting investors: 109 out of 183 countries

Trading across border: 60 out of 183 countries

Enforcing Contracts: 56 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

N/A

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 118 Score: 55.8 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+13

Total area

747 km² (2006)

Capital

Nuku'alofa (2009)

Currency

pa'anga (TOP) (2009)

Government type

constitutional monarchy (2009)

Languages

Tongan, English

Religions

Christian (Free Wesleyan Church claims over 30,000 adherents)

Total population

1980	1990	2000	2010*	2015**
0.09 million	0.1 million	0.1 million	0.1 million	0.1 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
17.6%	21.2%	23.2%	25%

Population median age

21.0 years (2006)

Population growth rate

0.4% (2009)

Life expectancy

73 years (2007)

Adult literacy

99% (2000/2007)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

81.97% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

12% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

1.6994 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Tonga GDP Data & Country Report | Global Finance