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.


Current Account -12,858
Balance on goods -57,031
Balance on services -10,027
Balance on income 3,409
Current transfers 50,791
Capital Account 9,152
Financial Account 1,001
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
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