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
International Monetary Fund
|Country of origin:
International Monetary International Monetary Fund
||Electronic book text
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!