Tonga

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Tonga


Population: 103,000
GDP per capita: $2,509
Capital: Nuku’alofa

Tonga has a small economy that is heavily reliant on remittances from Tongans living and working overseas and foreign aid to fund a large current account deficit. Tonga receives an average of 200 million pa'anga per year in remittances (A$133 million). In 2009, Tonga's GDP was US$259 million (IMF forecast). Economic growth was 2.6 per cent in financial year 2007-08 and is estimated to be 0.4 per cent for 2008-09.

Agriculture is the leading productive sector while the manufacturing sector is very small with stagnant export production in recent years. Tourism is modest but with potential for expansion.