Tongan economy grows 1.5% [1]
Wednesday, July 9, 2014 - 20:50. Updated on Thursday, July 10, 2014 - 09:08.
An Asian Development Bank report has stated that the Tongan economy grew 1.5% for the year 2014 (ending 30 June).
According to the report Pacific Economic Monitor, the International Monetary Fund (IMF) estimated that the economy grew by 1.5% up from 0.3% in 2013.
The growth was attributed to a recovery in agriculture, tourism and wholesale/retail trade.
The outlook for 2015 was also positive at 2.5%.