Tonga - Balance of payments
Since 1960, Tonga has had a growing trade deficit, offset by funds from the United Kingdom, New Zealand, Australia, and the Asian Development Bank (ADB).
The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of Tonga's exports was $9.3 million while imports totaled $70 million resulting in a trade deficit of $60.7 million.
The International Monetary Fund (IMF) reports that in 2001 Tonga had exports of goods totaling $6.66 billion and imports totaling $63.7 billion. The services credit totaled $17.1 million and debit $27.2 billion. The following table summarizes Tonga's balance of payments as reported by the IMF for 2001 in millions of US dollars.
|Balance on goods||-57,031|
|Balance on services||-10,027|
|Balance on income||3,409|
|Direct investment abroad||…|
|Direct investment in Tonga||1,001|
|Portfolio investment assets||…|
|Portfolio investment liabilities||…|
|Other investment assets||…|
|Other investment liabilities||…|
|Net Errors and Omissions||4,349|
|Reserves and Related Items||-1,645|