IMF Staff Country Reports

Tonga: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tonga

Publication Date:

February 27, 2003

Electronic Access:

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Summary:

This 2002 Article IV Consultation highlights that the economic activity in Tonga rebounded modestly in 2001/02, as real GDP growth accelerated from about ½ percent in 2000/01 (fiscal year July–June) to 1½ percent in 2001/02. Conditions in agriculture improved owing to record-high prices for squash and vanilla. Construction rebounded sharply with the assistance provided by the international community to rebuild structures destroyed by Cyclone Waka. Tourism and the service sector have been sluggish during most of the past two years.

Series:

Country Report No. 2003/036

Subject:

Budget planning and preparation Central banks Credit Economic sectors International reserves Public enterprises Public financial management (PFM) Public sector Revenue administration