FREE BOOKS

Author's List




PREV.   NEXT  
|<   666   667   668   669   670   671   672   673   674   675   676   677   678   679   680   681   682   683   684   685   686   687   688   689   690  
691   692   693   694   695   696   697   698   699   700   701   702   703   704   705   706   707   708   709   710   711   712   713   714   715   >>   >|  
xt to be held NA February 1993); results--percent of vote NA; seats--(29 total, 9 elected) 6 proreform, 3 traditionalist Communists: none known Member of: ACP, ADB, Commonwealth, FAO, ESCAP, GATT (de facto), IFAD, ITU, SPF, UNESCO, UPU, WHO Diplomatic representation: Ambassador Siosaia a'Ulupekotofa TUITA resides in London; US--the US has no offices in Tonga; the Ambassador to Fiji is accredited to Tonga and makes periodic visits Flag: red with a bold red cross on a white rectangle in the upper hoist-side corner - Economy Overview: The economy's base is agriculture, which employs about 70% of the labor force and contributes 50% to GDP. Coconuts, bananas, and vanilla beans are the main crops and make up two-thirds of exports. The country must import a high proportion of its food, mainly from New Zealand. The manufacturing sector accounts for only 10% of GDP. Tourism is the primary source of hard currency earnings, but the island remains dependent on sizable external aid and remittances to sustain its trade deficit. GDP: $86 million, per capita $850; real growth rate 3.6% (FY89 est.) Inflation rate (consumer prices): 8.2% (FY87) Unemployment rate: NA% Budget: revenues $54.8 million; expenditures $56.2 million, including capital expenditures of $16.9 million (FY88 est.) Exports: $9.1 million (f.o.b., FY88 est.); commodities--coconut oil, desiccated coconut, copra, bananas, taro, vanilla beans, fruits, vegetables, fish; partners--NZ 54%, Australia 30%, US 8%, Fiji 5% (FY87) Imports: $60.1 million (c.i.f., FY88 est.); commodities--food products, beverages and tobacco, fuels, machinery and transport equipment, chemicals, building materials; partners--NZ 39%, Australia 25%, Japan 9%, US 6%, EC 5% (FY87) External debt: $31.8 million (1987) Industrial production: growth rate 15% (FY86) Electricity: 5,000 kW capacity; 8 million kWh produced, 80 kWh per capita (1989) Industries: tourism, fishing Agriculture: dominated by coconut, copra, and banana production; vanilla beans, cocoa, coffee, ginger, black pepper Aid: US commitments, including Ex-Im (FY70-87), $15 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $220 million Currency: pa'anga (plural--pa'anga); 1 pa'anga (T$) = 100 seniti Exchange rates: pa'anga (T$) per US$1--1.23 (FY89 est.), 1.37 (FY88), 1.51 (FY87), 1.43 (FY86), 1.30 (FY85) Fiscal year: 1 July-30 June - Communications Highways: 1
PREV.   NEXT  
|<   666   667   668   669   670   671   672   673   674   675   676   677   678   679   680   681   682   683   684   685   686   687   688   689   690  
691   692   693   694   695   696   697   698   699   700   701   702   703   704   705   706   707   708   709   710   711   712   713   714   715   >>   >|  



Top keywords:

million

 

vanilla

 
coconut
 

growth

 

expenditures

 
including
 

production

 

partners

 
Australia
 

bananas


commodities

 

capita

 

Ambassador

 

commitments

 
desiccated
 

Currency

 

plural

 

fruits

 

countries

 

Imports


bilateral

 

vegetables

 

seniti

 

Fiscal

 

prices

 

consumer

 

Highways

 

Communications

 

Exchange

 
capital

Unemployment

 

Budget

 

revenues

 
Exports
 
products
 
capacity
 

pepper

 

produced

 
Industrial
 

Inflation


Electricity

 
coffee
 
banana
 
dominated
 

Agriculture

 

ginger

 
Industries
 

tourism

 

fishing

 

Western