Tonga: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tonga
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
English
Publication Date:
February 27, 2003
ISBN/ISSN:
9781451837438/1934-7685
Stock No:
1TONEA0012003
Pages:
51
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