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GROSS DOMESTIC PRODUCT 2015-16, TONGA

Economic activity as measured by Gross Domestic Product (GDP) at constant 2010-11 prices for 2015-16 shows an increase of 3.4 percent over the previous year, the third consecutive year of growth following the decline in 2012-13 due to completion of the reconstruction of the Nuku’alofa Central Business District. The GDP estimates for 2015-16 in constant 2010-11 prices was T$828.9 million, while the GDP per capita now stands at T$7,947.

Figure 1: GDP growth rate at constant 2010-11 prices

The positive economic growth in 2015-16 was driven by the following industries:

  • Construction contribute 1.0 percentage point
  • Finance and Insurance services contributed 0.6 percentage point
  • Fishing contributed 0.4 percentage point
  • Transport and Communication contributed 0.4 percentage point
  • Trade contributed 0.3 percentage point

Growth in these industries helped to make an overall growth of 3.4 percent, despite a decline in the Forestry and Education industry.

For the expenditure measure of GDP at constant 2010-11 prices where final consumption expenditure (FCE) was up 10.5 percent. Household consumption expenditure rose by 11.9 percent while Non-profit sector rose by 28.2 percent and Government sector decline by 0.9 percent.

Export of goods and services significantly increased by 34.8 percent, due to increase in exports of merchandise and services. Imports were up 16.6 percent, due to rise in imports of merchandise and services by 14.4 percent and 23.5 percent respectively. The following graph shows the movement of the components of GDP by Expenditures.

Figure 2: Components of GDP by Expenditure approach at constant 2010-11 prices.

Detailed information from this release is available from the Statistics Department.

Source: National Accounts (NA) report, Statistics Department.
Contact person: mailMrs Masiva Masila