Tonga Economic information

Tonga is an island country located in the South Pacific Ocean. Its economy is largely based on agriculture, fishing and tourism. The agricultural sector accounts for approximately 20% of Tonga's GDP. Major agricultural products include coconut, bananas, coffee, cocoa, taro and sweet potatoes. Agricultural activities are generally carried out by small-scale family businesses. The fishing industry is also important to Tonga. Fishing is an important source of export revenues as the country is surrounded by rich fish stocks. Tuna, shrimp and other seafood are the main export products. The tourism industry makes a significant contribution to the Tonga economy. The country's natural beauties, coral reefs, white sand beaches and diving opportunities attract the attention of tourists. Tourism accounts for approximately 30% of Tonga's GDP. Tonga has a trade deficit, meaning the country imports more goods and services. Major exports include fish, coconut products, agricultural products and handicrafts. Imports are generally carried out to meet basic needs such as food, consumables, fuel and vehicles. Tonga also has an economy dependent on foreign aid. Foreign aid helps the country finance development projects. As a result, Tonga's economy is based on agriculture, fishing and tourism. The country has a foreign trade deficit and is dependent on foreign aid.