Ludwig von Mises Institute

Tonga

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Country summary

Capital

Nuku'alofa

Borders

(N/A)

Government type

constitutional monarchy

Population

120,898 (July 2010 est.)[1]

Population growth

1.482% (2010 est.)[1]

Life expectancy

70.73 years[1]

Unemployment

13% (FY03/04 est.)[1]

Index of Economic Freedom

127[2]

Corruption Perceptions Index

99[3]

Doing Business ranking

52[4]


Tonga - unique among Pacific nations - never completely lost its indigenous governance. The archipelagos of "The Friendly Islands" were united into a Polynesian kingdom in 1845. Tonga became a constitutional monarchy in 1875 and a British protectorate in 1900; it withdrew from the protectorate and joined the Commonwealth of Nations in 1970. Tonga remains the only monarchy in the Pacific.[1]

Economical characteristics[edit]

  • Currency: Paʻanga (ISO code: TOP)
  • Central bank discount rate: [1]
  • Commercial banks lending rate: 12.47% (31 December 2009 )[1]
  • Stock of money (M1): $36.16 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $100.7 million (31 December 2008)[1]


Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 162 155 137 149 173 203 218 238 259 278
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Tonga", from The World Factbook. Referenced 2010-10-05.
  2. Heritage Foundation. "Tonga", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  3. Transparency International. "Tonga", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-05.
  4. Doing Business. "Tonga", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  5. World Bank. "Tonga: GDP", from World Bank Data. Referenced 2010-10-05.
  6. World Bank. "Tonga: government debt", from World Bank Data. Referenced 2010-10-05.
  7. World Bank. "Tonga: government revenue", from World Bank Data. Referenced 2010-10-05.
  8. World Bank. "Tonga: government expenses", from World Bank Data. Referenced 2010-10-05.

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