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.

All labels observed (1)

Label Occurrences
Economy of Tonga canonical 1

How this entity was disambiguated

Statements (52)

Predicate Object
instanceOf national economy
characteristic open economy
small economy
country Tonga
currencyCode TOP
developmentStatus lower-middle-income economy
exchangeRatePeg basket of currencies
governedBy Government of Tonga
National Reserve Bank of Tonga
hasPolicy fixed exchange rate regime
importantSourceOfIncome agricultural exports
foreign aid
remittances from overseas Tongans
tourism receipts
importantTradingPartner Australia
China
Fiji
Japan
New Zealand
United States
internationalMembership Asian Development Bank
International Monetary Fund
World Bank
keyTourismAttraction beach tourism
whale watching
laborExportDestination Australia
New Zealand
United States
locatedIn Oceania
Pacific Islands region
linked to: Pacific Islands
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
structuralCharacteristic high dependence on foreign aid
high dependence on remittances
narrow export base
vulnerability to external shocks
vulnerability to natural disasters
usesCurrency Tongan paʻanga

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Tongan paʻanga category Economy of Tonga