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Tonga: 2009 Article IV Consultation - Staff Report; Staff Supplement; Publicinformation Notice on the Executive Board Discussion; And Statement by the Executivedirector for Tonga (Electronic book text)
Tonga: 2009 Article IV Consultation - Staff Report; Staff Supplement; Publicinformation Notice on the Executive Board...
Tonga: 2009 Article IV Consultation - Staff Report; Staff Supplement; Publicinformation Notice on the Executive Board...

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Tonga: 2009 Article IV Consultation - Staff Report; Staff Supplement; Publicinformation Notice on the Executive Board Discussion; And Statement by the Executivedirector for Tonga (Electronic book text)

International Monetary International Monetary Fund

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1. Tonga is a small open economy vulnerable to domestic and external shocks. Domestic political disturbances in 2006 caused widespread damage in the capital, Nuku'alofa, and GDP contracted by around 13/4 percent in 2006/07.1 2 The economy rebounded by 21/2 percent the following year, leading up to the coronation of a new king in August 2008. However, given its reliance on imports (41 percent of GDP in 07/08) and remittances (31 percent of GDP) global economic developments over the last year have, in common with the rest of the Pacific (Box 1) renewed pressure on the economy

General

Imprint: International Monetary Fund
Country of origin: United States
Release date: 2009
Authors: International Monetary International Monetary Fund
Format: Electronic book text
Pages: 69
ISBN-13: 978-1-283-55265-3
Barcode: 9781283552653
Categories: Books
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LSN: 1-283-55265-5

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