Economy of Tonga
E617726
The Economy of Tonga is a small, open Pacific island economy largely driven by agriculture, remittances from overseas Tongans, foreign aid, and a growing tourism sector.
Statements (52)
| Predicate | Object |
|---|---|
| instanceOf | national economy ⓘ |
| characteristic |
open economy
ⓘ
small economy ⓘ |
| country | Tonga NERFINISHED ⓘ |
| currencyCode | TOP ⓘ |
| developmentStatus | lower-middle-income economy ⓘ |
| exchangeRatePeg | basket of currencies ⓘ |
| governedBy |
Government of Tonga
NERFINISHED
ⓘ
National Reserve Bank of Tonga NERFINISHED ⓘ |
| hasPolicy | fixed exchange rate regime ⓘ |
| importantSourceOfIncome |
agricultural exports
ⓘ
foreign aid ⓘ remittances from overseas Tongans ⓘ tourism receipts ⓘ |
| importantTradingPartner |
Australia
NERFINISHED
ⓘ
China NERFINISHED ⓘ Fiji NERFINISHED ⓘ Japan NERFINISHED ⓘ New Zealand NERFINISHED ⓘ United States NERFINISHED ⓘ |
| internationalMembership |
Asian Development Bank
NERFINISHED
ⓘ
International Monetary Fund NERFINISHED ⓘ World Bank NERFINISHED ⓘ |
| keyTourismAttraction |
beach tourism
ⓘ
whale watching ⓘ |
| laborExportDestination |
Australia
NERFINISHED
ⓘ
New Zealand NERFINISHED ⓘ United States NERFINISHED ⓘ |
| locatedIn |
Oceania
ⓘ
Pacific Islands region NERFINISHED ⓘ |
| mainSector |
agriculture sector
ⓘ
construction sector ⓘ fishing sector ⓘ public sector ⓘ services sector ⓘ tourism sector ⓘ |
| majorExport |
coconuts and coconut products
ⓘ
fish and marine products ⓘ root crops ⓘ squash pumpkins ⓘ vanilla ⓘ |
| majorImport |
foodstuffs
ⓘ
fuel ⓘ machinery and equipment ⓘ manufactured goods ⓘ |
| regionalMembership | Pacific Islands Forum NERFINISHED ⓘ |
| structuralCharacteristic |
high dependence on foreign aid
ⓘ
high dependence on remittances ⓘ narrow export base ⓘ vulnerability to external shocks ⓘ vulnerability to natural disasters ⓘ |
| usesCurrency | Tongan paʻanga NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.