Tonga: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tonga
IMF Staff Country Reports, February 27, 2003
Source details
- Canonical URL
- Tonga: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tonga
Other formats
Bibliographic details
- Published: February 27, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451837438.002
Economic activity and growth
- Real GDP growth accelerated from about ½ percent in 2000/01 (fiscal year July–June) to 1½ percent in 2001/02.
- Economic activity rebounded modestly in 2001/02.
Agriculture and commodity performance
- Conditions in agriculture improved owing to record-high prices for squash and vanilla.
Construction and disaster recovery
- Construction rebounded sharply with the assistance provided by the international community to rebuild structures destroyed by Cyclone Waka.
Services and tourism
- Tourism and the service sector have been sluggish during most of the past two years.
Topics covered in the report
- Budget planning and preparation
- Central banks
- Credit
- Economic sectors
- International reserves
- Public enterprises
- Public financial management (PFM)
- Public sector
- Revenue administration
Source: Tonga: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tonga