Sectoral performances in the local economy were mixed over the month. Total agricultural export volumes rose by 432.5 tonnes, reflecting the commencement of the squash season and higher export of root crops. On-going construction activities continued to boost performance in the secondary sector, supported by a rise in business loans for construction and individual housing loans.

The total vehicle registrations declined over the month of June by 90 registrations (23.0%), recording a total of 301 registrations. This is higher than the monthly average of 231 vehicles in the past five years. Read more in the Vehicle Registration report for June 2018.

The total volume of agricultural exports declined over the month by 39.3 tonnes (8.3%) due to the seaonality of local produce and the damages of cyclone Gita on root crops in February 2018. Read more in the Agricultural Exports Volumes report for June 2018.

The registrations of new vehicles increased over the month for all types of automobiles which indicates strong activities in the transportation sector during May 2018. The total vehicle registrations rose over the month by 145 registrations (58.9%) Read more in the Vehicle Registration report for May 2018.

The Reserve Bank expects the volume of fisheries export to decline in the near term due to less foreign vessels with higher operation capacity which are available to fish the Tongan waters. Read more in the Marine Exports Volume for April 2018.

You are here: Home 2017 Releases News Economic Release