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Tonga: 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tonga

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2003. "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 2003/036, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/036
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