Loading ...COUNTRY OVERVIEW –> Economic Overview
GNP:
US$220 million (2005 – to be updated)
GDP:
Information on GDP can be obtained from Tonga Now website or click here
Major Industries:
agriculture, tourism, fisheries and manufacturing
Major Exports:
fish, root crops, squash, vanilla & kava
Major Imports:
food & live animals, machines, transport, equipment, manufactured goods, minerals & fuels etc.
Merchandise Exports (FOB):
squash, fish, root crops, vanilla and copra
Merchandise Imports (CIF):
US$116.5 million (2005)
Average Foreign Exchange:
US$1 = T$2.01207 (2007)
Tonga’s natural resources are its land, its people and the sea. The economy depends heavily on agriculture. Crops are grown for subsistence and for sale on the local market. Traditional root crops and vegetables such as taro, kumara, cassava, watermelon and yams are also exported to New Zealand, Australia US and American Samoa.
There is also a growing industrial sector with food processing, fisheries products, agriculture and tourism being the principle industries. The Tourism industry contributes to the economy with foreign exchange earnings. Another important support for the economy is migrant remittances and foreign aid both playing an important role in adjusting the balance of payment.
