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National Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

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Page 1: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

National Reserve Bank of Tonga

Pangike Pule Fakafonua ‘o Tonga

Quarterly Bulletin

September 2012Volume 23, Number 3

Page 2: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Issued by: National Reserve Bank of TongaSalote RoadNuku’alofaTonga.

Enquiries: Phone: (676) 24-057Facsimile: (676) 24-201Email : [email protected]: 94079763 NRBT GSwift BIC code: NRBTTONU

Convention and Symbols:... Not available or applicable- - Nilp Provisional estimatesNRBT National Reserve Bank of TongaWBOT Westpac Bank of TongaTDB Tonga Development BankMBf MBf Bank LtdANZ ANZ BankNMFI Non-Monetary Financial InstitutionNFPE Non Financial Public Enterprises

Postal Address: Private Mail Bag No. 25Post OfficeNuku’alofaTongaSouth Pacific

Subscription: Research DepartmentNational Reserve Bank of TongaPrivate Mail Bag No. 25Post OfficeNuku’alofaTongaSouth Pacific

Discrepancies between the sum of the constituent items and the total, as shown in some tables, are due to rounding.Revisions to previously published statistics are included as they occur.

The contents of this publication may be reproduced provided the source is acknowledged.

Printed in Tonga by Taulua Press.

ISSN 1018-8835

Page 3: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Contents

List of Statistical Tables

Statistical Tables

Notes to Statistical Tables

1

S1

S43

Page 4: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

List of Statistical Tables

A. Money and Banking AggregatesA1. Monetary Survey

Monetary SurveyA2. Banking Survey

Banking SurveyA3. Monetary Survey: Changes in Domestic LiquidityA4. Denominations of Currency Issued

B. Financial InstitutionsB1. National Reserve Bank of Tonga: Assets

National Reserve Bank of Tonga: LiabilitiesB2. Commercial Banks: Assets

Commercial Banks: LiabilitiesB3. Non-Monetary Financial Institutions: Assets

Non-Monetary Financial Institutions: LiabilitiesB4. Commercial Banks: Classification of DepositsB5. Commercial Banks: Private Sector Time Deposits

Maturity StructureB6. Commercial Banks: Classification of LendingB7. NMFI: Classification of Lending

C. Interest RatesC1. Selected Interest Rates on DepositsC2. Selected Interest Rates on Bank LendingC3. Overseas Interest Rates

D. Domestic Activity and PricesD1. Indicators of Economic ActivityD2. Agricultural Products Marketed in Tonga: ValuesD3. Agricultural Products Marketed in Tonga: VolumesD4. Agricultural Products Marketed in Tonga: Unit ValuesD5. Consumer Price Index

E. Government OperationsE1. Government Revenue and Expenditure

Government Recurrent Expenditure: by FunctionE2. Government of Tonga: National Debt OutstandingE3. Government of Tonga: Domestic Loans Outstanding

S1S2S3S4S5S6

S7S8S9

S10S11S12S13

S14S15S16

S17S18S19

S20S21S22S23S24

S25S26S26

1

Page 5: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

List of Statistical Tables

F. External Activity and PricesF1. Gross Official Foreign ReservesF2. Balance of Payments (OET - Basis)F3. Principal Exports: Value f.o.b.F4. Selected Export Values, Volumes, and Unit ValuesF5. Direction of Trade: Exports, f.o.b.F6. Tourist StatisticsF7. Principal Imports: Value, c.i.f.F8. Imports by Institutional SectorF9. Imports by End UseF10. Selected Import Values, Volumes, and Unit ValuesF11. Direction of Trade: Imports, c.i.f.F12. International Commodity Prices: Export GoodsF13. Selected Foreign Exchange Rates: End of PeriodF14. Selected Foreign Exchange Rates: Period AverageF15. Real and Nominal Exchange Rates: Period Average

G. Economic Development in Selected Foreign CountriesG1. Growth of Real GDP

Notes to Statistical Tables

S27S28S29S30S31S32S33S34S35S36S37S38S39S40S41

S42

S43

2

Page 6: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S1

Foreign balances Net domestic credit Net credit to Other

End Net Gross Foreign Government NFPE Private NMFI itemsof: assets assets liabilities Total (net) sector 3/ (net) 2/

2007/08 79.9 99.9 -20.0 286.5 -29.1 3.7 311.8 -4.2 -79.32008/09 121.3 154.0 -32.7 273.9 -32.7 3.9 302.8 -11.7 -106.12009/10 164.8 186.7 -21.9 243.1 -29.1 19.6 252.6 -8.1 -108.42010/11 215.2 221.6 -6.5 208.4 -32.5 13.2 227.7 -10.9 -113.42011/12 235.3 251.0 -15.7 165.8 -47.1 10.4 202.5 -7.2 -104.6

2006Q3 77.3 96.9 -19.6 236.7 -4.9 3.6 238.0 -4.9 -61.0Q4 76.2 95.9 -19.7 235.8 -7.8 3.1 240.5 -4.3 -57.0

2007Q1 76.8 99.7 -22.9 234.7 -17.6 2.7 249.6 -6.9 -59.7Q2 81.7 103.6 -21.9 251.3 -11.7 2.5 260.5 -6.3 -65.7Q3 93.5 113.8 -20.4 259.4 -10.4 2.4 267.4 -5.7 -74.7Q4 103.6 123.1 -19.5 258.7 -24.8 3.8 279.7 -6.2 -71.1

2008Q1 84.1 105.5 -21.4 264.9 -30.5 3.9 291.6 -5.3 -66.5Q2 79.9 99.9 -20.0 286.5 -29.1 3.7 311.8 -4.2 -79.3Q3 116.8 143.7 -26.9 272.8 -36.2 3.7 305.3 -8.3 -109.7Q4 119.6 148.9 -29.3 284.0 -27.3 3.5 307.8 -9.3 -106.9

2009Q1 112.3 149.9 -37.5 272.2 -38.3 3.8 306.7 -16.8 -95.1Q2 121.3 154.0 -32.7 273.9 -32.7 3.9 302.8 -11.7 -106.1Q3 151.3 177.2 -25.9 253.2 -33.7 3.6 283.3 -11.2 -106.2Q4 147.4 172.2 -24.8 256.1 -29.2 3.5 281.9 -8.2 -107.6

2010Q1 142.0 171.7 -29.7 251.8 -25.3 8.8 268.3 -7.7 -101.4Q2 164.8 186.7 -21.9 243.1 -29.1 19.6 252.6 -8.1 -108.4Q3 166.0 185.8 -19.8 244.8 -22.9 18.3 249.4 -6.7 -117.3Q4 180.7 195.3 -14.6 247.4 -15.2 15.0 247.6 -6.8 -115.8

2011Q1 164.1 171.4 -7.3 245.0 -12.2 14.1 243.0 -8.0 -116.0Q2 215.2 221.6 -6.5 208.4 -32.5 13.2 227.7 -10.9 -113.4Q3 212.3 219.9 -7.6 197.0 -39.1 12.2 223.9 -10.0 -109.7Oct 224.4 232.2 -7.8 194.8 -41.2 11.9 224.1 -8.5 -114.0Nov 219.5 227.5 -8.0 197.6 -38.2 11.5 224.2 -7.7 -114.3Dec 219.8 242.2 -22.4 191.6 -35.4 11.2 215.9 -8.4 -103.12012Jan 206.4 237.1 -30.7 174.9 -40.2 11.0 204.1 -6.7 -93.4Feb 205.0 236.0 -31.0 181.9 -35.7 10.8 206.9 -7.9 -96.2Mar 214.2 245.5 -31.3 172.2 -44.9 10.8 206.3 -8.0 -99.1Apr 214.0 245.6 -31.6 172.2 -41.0 10.7 202.6 -9.6 -90.8May 235.2 250.1 -14.9 159.0 -53.2 10.4 201.8 -7.1 -96.2Jun 235.3 251.0 -15.7 165.8 -47.1 10.4 202.5 -7.2 -104.6Jul 246.3 256.5 -10.2 169.4 -42.5 10.2 201.7 -6.9 -103.2Aug 251.5 258.8 -7.3 169.7 -43.2 10.1 202.7 -6.6 -106.0Sep 248.0 254.7 -6.8 170.2 -38.6 10.1 198.7 -7.1 -104.1

Source: National Reserve Bank of TongaSee Notes to Statistical Tables

Table A1: MONETARY SURVEY(Millions of pa'anga) 1/

Page 7: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S2

Total Domestic liquidity

End domestic Money (M1) Quasi-moneyof: liquidity Total Currency Demand Total Savings Term Foreign

M2 M1 outside banks deposits quasi-money deps. deps. curr. a/cs

2007/08 282.8 72.6 18.8 53.8 210.2 48.8 150.1 11.32008/09 277.3 77.9 21.9 56.0 199.4 43.6 143.0 12.82009/10 291.5 90.1 26.8 63.3 201.4 46.4 142.9 12.02010/11 299.2 96.9 27.3 69.7 202.3 51.0 139.5 11.82011/12 294.4 119.3 31.3 88.0 175.1 41.4 121.8 11.9

2006Q3 248.1 64.6 20.1 44.5 183.5 52.2 120.0 11.4Q4 250.6 70.1 21.7 48.4 180.6 47.0 120.4 13.2

2007Q1 244.9 68.7 16.4 52.3 176.2 45.9 121.4 8.9Q2 261.0 73.8 18.5 55.3 187.2 49.3 125.2 12.8Q3 272.3 79.9 19.3 60.6 192.5 51.1 130.2 11.2Q4 284.9 87.9 22.7 65.2 197.0 51.1 136.9 9.0

2008Q1 277.2 72.6 18.0 54.6 204.6 47.4 147.1 10.1Q2 282.8 72.6 18.8 53.8 210.2 48.8 150.1 11.3Q3 271.5 66.3 19.6 46.8 205.2 48.5 140.1 16.6Q4 287.4 77.3 24.8 52.5 210.1 45.9 142.0 22.1

2009Q1 272.7 79.7 21.2 58.5 193.0 42.9 136.8 13.3Q2 277.3 77.9 21.9 56.0 199.4 43.6 143.0 12.8Q3 286.9 85.2 23.8 61.3 201.7 45.5 147.0 9.1Q4 287.7 84.9 25.7 59.2 202.7 45.0 148.5 9.2

2010Q1 284.7 80.3 22.8 57.6 204.4 44.0 148.2 12.2Q2 291.5 90.1 26.8 63.3 201.4 46.4 142.9 12.0Q3 286.8 86.2 24.7 61.6 200.6 47.6 143.8 9.2Q4 305.5 98.5 28.5 70.0 207.0 49.9 146.3 10.7

2011Q1 285.1 79.0 24.7 54.3 206.1 46.7 147.2 12.2Q2 299.2 96.9 27.3 69.7 202.3 51.0 139.5 11.8Q3 289.6 99.9 25.7 74.1 189.7 52.4 129.2 8.1Oct 296.2 100.2 26.2 74.0 196.0 51.9 130.5 13.6Nov 295.2 108.7 25.8 82.9 186.5 51.1 124.6 10.8Dec 299.9 115.0 30.2 84.8 184.9 50.0 125.0 10.02012Jan 290.4 116.8 26.4 90.4 173.7 37.4 125.5 10.8Feb 279.5 113.8 24.6 89.2 165.7 38.7 118.7 8.2Mar 284.9 110.7 26.9 83.8 174.2 38.5 126.3 9.4Apr 291.8 110.6 27.2 83.4 181.1 38.7 127.3 15.1May 296.4 113.1 27.9 85.2 183.2 40.0 128.2 15.0Jun 294.4 119.3 31.3 88.0 175.1 41.4 121.8 11.9Jul 305.8 132.1 30.3 101.8 173.7 42.2 121.3 10.2Aug 308.2 132.4 31.1 101.3 175.8 41.8 123.1 10.9Sep 306.8 128.9 31.3 97.6 177.9 42.7 123.2 12.0

Table A1: MONETARY SURVEY(Millions of pa'anga)

Page 8: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S3

Net Long-Term Net domestic credit

End foreign foreign Total Government Nonfinancial Privateof: assets liabilities net public ents. sector

79.9 -0.6 332.9 -30.9 4.8 359.0121.3 -5.1 318.7 -34.7 4.7 348.7164.8 -4.4 282.0 -28.1 20.4 289.7215.2 -4.0 249.7 -31.4 13.6 267.5235.3 -5.4 209.8 -45.9 14.0 241.7

2006Q3 77.3 -0.6 279.8 -6.0 4.9 280.9Q4 76.2 -0.6 278.2 -9.0 4.4 282.7

2007Q1 76.8 -0.4 277.0 -18.8 4.0 291.8Q2 81.7 -0.6 295.2 -12.9 3.7 304.3Q3 93.5 -0.6 307.1 -11.6 3.5 315.1Q4 103.6 -0.6 306.6 -25.9 4.8 327.8

2008Q1 84.1 -0.6 311.9 -31.7 4.7 338.8Q2 79.9 -0.6 332.9 -30.9 4.8 359.0Q3 116.8 -0.6 317.3 -38.0 4.6 350.7Q4 119.6 -5.3 330.1 -29.0 4.3 354.8

2009Q1 112.3 -5.2 318.7 -40.1 4.6 354.1Q2 121.3 -5.1 318.7 -34.7 4.7 348.7Q3 151.3 -4.9 297.3 -35.6 4.5 328.4Q4 147.4 -4.7 291.2 -30.9 4.3 317.8

2010Q1 142.0 -4.5 286.9 -26.8 9.6 304.1Q2 164.8 -4.4 282.0 -28.1 20.4 289.7Q3 166.0 -4.3 285.0 -21.7 19.1 287.6Q4 180.7 -4.2 288.9 -14.0 15.7 287.3

2011Q1 164.1 -4.0 286.1 -10.9 14.7 282.4Q2 215.2 -4.0 249.7 -31.4 13.6 267.5Q3 212.3 -3.8 238.0 -38.0 12.5 263.6Oct 224.4 -3.8 237.0 -39.9 12.1 264.7Nov 219.5 -3.8 240.0 -36.9 11.9 264.9Dec 219.8 -3.7 233.8 -34.2 11.6 256.3

2012Jan 206.4 -5.7 216.9 -39.0 13.2 242.8Feb 205.0 -5.2 224.0 -34.5 13.2 245.3Mar 214.2 -5.1 214.3 -43.7 13.6 244.3Apr 214.0 -5.6 214.0 -39.8 13.7 240.1May 235.2 -5.0 202.1 -51.9 13.9 240.2Jun 235.3 -5.4 209.8 -45.9 14.0 241.7Jul 246.3 -5.3 213.4 -41.2 13.8 240.8Aug 251.5 -5.2 213.6 -42.0 13.8 241.9Sep 248.0 -5.2 214.1 -37.4 13.7 237.7

Source: National Reserve Bank of TongaSee Notes to Statistical Tables

2008/09

2011/12

2007/08

2010/112009/10

Table A2: BANKING SURVEY(Millions of pa'anga) 1/

Page 9: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S4

End Total Notes Government Other itemsof: domestic and Lending (net)

liquidity 2/ bills 3/ Funds 4/

287.2 18.7 5.0 101.1282.0 20.6 0.0 132.3296.4 23.8 0.0 122.2305.4 27.2 0.0 128.2301.4 24.4 0.0 121.7

2006Q3 253.9 16.8 6.0 79.8Q4 255.1 16.3 5.8 76.6

2007Q1 249.1 16.4 5.8 82.1Q2 265.5 21.3 5.4 84.0Q3 277.2 20.3 5.3 97.1Q4 289.5 20.5 5.2 94.5

2008Q1 281.3 20.1 4.9 88.9Q2 287.2 18.7 5.0 101.1Q3 276.2 18.8 4.9 133.7Q4 291.5 19.3 0.0 133.5

2009Q1 277.0 20.2 0.0 128.7Q2 282.0 20.6 0.0 132.3Q3 291.4 20.4 0.0 131.7Q4 292.3 20.2 0.0 121.4

2010Q1 289.4 21.3 0.0 113.7Q2 296.4 23.8 0.0 122.2Q3 292.2 23.9 0.0 130.6Q4 310.8 23.4 0.0 131.2

2011Q1 290.7 24.2 0.0 131.3Q2 305.4 27.2 0.0 128.2Q3 296.4 24.7 0.0 125.5Oct 303.3 27.6 0.0 126.3Nov 301.9 26.9 0.0 126.9Dec 306.0 26.0 0.0 117.9

2012Jan 296.4 22.5 0.0 119.1Feb 285.5 22.5 0.0 122.7Mar 291.1 22.1 0.0 125.8Apr 298.1 23.4 0.0 111.8May 303.0 21.3 0.0 119.3Jun 301.4 24.4 0.0 121.7Jul 312.8 24.4 0.0 125.2Aug 315.0 24.1 0.0 124.0Sep 313.8 24.4 0.0 124.6

2011/12

2007/082008/09

2010/112009/10

Table A2: BANKING SURVEY (Millions of pa'anga)

Page 10: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S5

Domestic liquidity Total Of which change in:During Inflows of Domestic money creation Other change in Money Quasi-period foreign Total Claims on Claims on Claims on Claims on domestic domestic (M1) moneyended: funds, central NFPE private NMFI factors, liquidity

net govt. 1/ sector 2/ net creation2007/08 -1.9 35.2 -17.4 1.3 51.3 2.1 -13.6 21.8 -1.2 23.02008/09 41.4 54.1 -12.7 -- -12.6 -3.7 0.1 -9.0 -7.5 -26.82009/10 43.5 32.7 10.8 -- -30.8 3.6 15.7 -50.2 3.7 -2.22010/11 50.4 34.9 15.5 -- -34.7 -3.4 -6.4 -24.9 -2.9 -5.12011/12 20.1 29.4 -9.3 -- -42.9 -14.6 -3.1 -25.2 3.7 8.8

2006Q3 3.7 3.6 -1.5 -0.1 5.1 1.0 -4.4 3.9 -3.4 7.3Q4 0.5 -3.6 -2.3 -0.2 -1.1 -0.9 4.5 0.4 2.9 -2.4

2007Q1 3.9 3.4 -0.9 -0.2 4.6 0.2 -4.8 2.7 3.1 -0.4Q2 6.2 6.5 3.2 0.0 3.3 5.8 -3.2 15.3 3.4 11.9Q3 6.4 4.2 1.6 0.0 2.7 1.0 -4.2 7.4 8.2 -0.7Q4 21.6 -15.0 -16.3 0.5 0.9 -0.7 8.4 14.4 10.2 4.2

2008Q1 -6.0 2.0 -2.1 -0.1 4.1 1.3 3.1 0.3 -5.7 6.0Q2 0.5 8.0 1.9 -0.2 6.3 -0.9 -7.4 0.3 1.9 -1.6Q3 41.9 -24.1 -4.7 -0.1 -19.3 -0.8 -27.1 -10.1 -10.8 0.6Q4 -1.5 -0.9 0.0 -0.1 -0.9 0.2 -1.8 -4.0 -1.5 -2.4

2009Q1 0.3 -10.2 -7.8 1.6 -4.0 -1.5 10.2 -1.2 2.7 -3.9Q2 7.6 -0.5 1.8 0.1 -2.3 0.9 -4.1 3.9 -0.5 4.4Q3 13.1 -8.2 -3.0 -0.1 -5.1 -1.4 2.9 6.4 4.5 1.8Q4 -0.7 1.7 2.0 -0.1 -0.2 2.6 1.3 4.9 3.2 1.7

2010Q1 2.8 -4.0 -1.2 5.5 -8.2 0.3 -1.9 -2.7 -1.6 -1.1Q2 7.6 -10.8 -8.1 6.6 -9.3 1.6 3.9 2.3 4.8 -2.5Q3 -1.8 -1.7 1.8 -0.5 -3.0 1.4 0.0 -2.1 2.1 -4.2Q4 13.6 -4.0 -2.6 0.3 -1.7 -0.5 -0.9 8.2 4.4 3.8

2011Q1 -4.5 -1.4 -0.8 -0.3 -0.3 2.8 2.8 -0.3 -5.0 2.2Q2 38.5 -32.3 -19.1 -0.3 -12.9 -0.3 1.8 7.7 7.6 0.0Q3 -6.8 3.5 5.0 -0.3 -1.2 -0.2 -1.1 -4.6 3.6 -8.3Oct 12.1 -2.2 -2.1 -0.3 0.3 1.5 -4.3 7.1 0.3 6.3Nov -4.9 2.8 3.0 -0.3 0.1 0.9 -0.3 -1.5 8.5 -9.5Dec 0.3 -6.0 2.7 -0.4 -8.4 -0.8 11.2 4.7 6.3 -1.62012Jan -13.4 -5.1 -8.4 -0.2 -11.8 1.7 9.8 -7.0 1.8 -11.2Feb -1.4 -1.1 -0.2 -0.2 2.7 -1.2 -2.8 -6.6 -3.0 -8.0Mar 9.2 9.5 -0.3 0.0 -0.5 0.0 -2.9 15.7 -3.1 8.6Apr -0.2 0.2 -0.3 -0.1 -3.8 -1.6 8.4 6.8 0.0 6.9May 21.2 4.5 16.7 -0.3 -0.8 2.4 -5.5 22.6 2.5 2.1Jun 0.0 0.9 -0.9 -0.3 0.8 -0.1 -8.3 -7.5 6.2 -8.1Jul 11.0 5.5 5.5 0.1 -0.9 0.3 1.4 18.1 12.8 -1.4Aug 5.2 2.3 2.9 -0.1 1.0 0.3 -2.8 5.1 0.3 2.1Sep -3.5 -4.1 0.6 -0.1 -4.0 -0.5 2.0 -6.2 -3.6 2.1

Source: National Reserve Bank of Tonga.See Notes to Statistical Tables

Table A3: MONETARY SURVEY: CHANGES IN DOMESTIC LIQUIDITY(Millions of pa'anga)

Page 11: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S6

Total notes Notes on issue

End and coinof: on issue Total $1 $2 $5 $10 $20 $50 $100 Other 1/

2007/08 24.1 22.4 0.7 0.9 0.9 3.8 6.7 9.5 --2008/09 28.2 26.4 0.8 1.0 1.0 3.8 6.3 12.2 1.3 --2009/10 32.9 31.2 0.8 1.0 1.2 3.9 8.1 13.5 2.6 --2010/11 34.5 32.7 0.8 1.1 1.2 3.5 7.0 16.7 2.3 --2011/12 36.6 36.6 0.9 1.1 1.2 3.9 6.9 20.2 2.3 --

Q3 24.4 22.7 0.7 0.9 1.0 3.5 6.1 9.9 0.6 --Q4 31.7 29.9 0.8 1.0 1.1 4.3 8.4 13.5 0.8 --

Q1 26.2 24.5 0.8 0.9 1.0 3.5 6.1 11.0 1.2 --Q2 28.2 26.4 0.8 1.0 1.0 3.8 6.3 12.2 1.3 --Q3 29.8 28.1 0.8 0.9 1.0 4.1 6.9 12.8 1.4 --Q4 34.0 32.2 0.8 1.0 1.2 4.7 7.9 14.9 1.7 --

Q1 27.6 25.9 0.8 1.0 1.1 3.5 5.7 11.3 2.5 --Q2 32.9 31.2 0.8 1.0 1.2 3.9 8.1 13.5 2.6 --Q3 31.3 29.5 0.8 1.0 1.2 3.6 6.9 13.9 2.0 --Q4 35.8 34.0 0.9 1.1 1.3 3.8 7.6 16.8 2.5 --

Q1 31.0 29.1 0.8 1.1 1.2 3.2 5.8 14.5 2.4 --Q2 34.5 32.7 0.8 1.1 1.2 3.5 7.0 16.7 2.3 --Q3 32.2 30.3 0.9 1.1 1.2 3.5 6.0 15.5 2.2 --Q4 39.7 37.8 0.9 1.2 1.3 4.1 8.0 20.3 2.0 --

Q1 34.0 32.1 0.9 1.1 1.2 3.6 6.0 17.2 2.1 --Q2 36.6 36.6 0.9 1.1 1.2 3.9 6.9 20.2 2.3 --Q3 36.3 36.3 0.9 1.1 1.3 3.7 6.6 20.3 2.5 --

End Total coin Coin on issueof: on issue 1s 2s 5s 10s 20s 50s Other 2/

2007/08 1.7 0.1 0.1 0.2 0.4 0.4 0.5 0.02008/09 1.7 0.1 0.1 0.2 0.4 0.4 0.5 0.02009/10 1.8 0.1 0.1 0.2 0.4 0.4 0.5 0.02010/11 1.8 0.1 0.1 0.2 0.4 0.4 0.5 0.02011/12 1.9 0.1 0.1 0.3 0.5 0.5 0.5 0.0

Q3 1.7 0.1 0.1 0.2 0.4 0.4 0.5 0.0Q4 1.7 0.1 0.1 0.2 0.4 0.4 0.5 0.0

Q1 1.7 0.1 0.1 0.2 0.4 0.4 0.4 0.1Q2 1.7 0.1 0.1 0.2 0.4 0.4 0.5 0.0Q3 1.7 0.1 0.1 0.2 0.4 0.4 0.5 0.0Q4 1.8 0.1 0.1 0.2 0.4 0.4 0.5 0.0

Q1 1.7 0.1 0.1 0.2 0.4 0.4 0.5 0.0Q2 1.8 0.1 0.1 0.2 0.4 0.4 0.5 0.0Q3 1.8 0.1 0.1 0.2 0.4 0.4 0.5 0.0Q4 1.8 0.1 0.1 0.2 0.4 0.4 0.5 0.0

Q1 1.8 0.1 0.1 0.2 0.4 0.4 0.5 0.0Q2 1.8 0.1 0.1 0.2 0.4 0.4 0.5 0.0Q3 1.9 0.1 0.1 0.2 0.4 0.5 0.5 0.0Q4 1.9 0.1 0.1 0.3 0.5 0.5 0.5 0.0

Q1 1.9 0.1 0.1 0.3 0.5 0.5 0.5 0.0Q2 1.9 0.1 0.1 0.3 0.5 0.5 0.5 0.0Q3 1.9 0.1 0.1 0.3 0.5 0.5 0.6 0.0

Source: National Reserve Bank of Tonga.See Notes to Statistical Tables

Table A4: DENOMINATIONS OF CURRENCY ISSUED(Millions of pa'anga)

2012

2009

2008

2009

2012

2011

2008

2011

2010

2010

Page 12: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S7

End Total Official foreign reserves IMF currency Claims on Claims on Otherof: assets = Total IMF reserve Foreign subscription financial central assets

liabilities assets reserves institutions government holdings

2007/08 127.3 89.1 6.5 82.6 15.6 -- 9.7 12.92008/09 167.0 136.3 6.9 129.4 16.6 -- 0.0 14.22009/10 200.0 170.5 25.2 145.2 15.2 -- 0.0 14.32010/11 235.0 203.8 23.7 180.1 14.7 -- 0.0 16.62011/12 273.9 246.1 23.3 222.8 13.7 -- 0.0 14.1

2006Q3 128.6 85.3 6.1 79.2 15.3 -- 16.8 11.2Q4 126.9 84.2 6.2 78.0 15.3 -- 16.6 10.8

2007Q1 132.5 90.4 6.2 84.2 15.3 -- 16.3 10.5Q2 133.4 91.6 6.2 85.5 15.6 -- 16.0 10.2Q3 147.0 104.8 6.4 98.4 15.6 -- 16.0 10.6Q4 156.9 114.6 6.4 108.2 15.6 -- 16.0 10.7

2008Q1 140.5 96.3 6.5 89.8 15.6 -- 15.0 13.6Q2 127.3 89.1 6.5 82.6 15.6 -- 9.7 12.9Q3 159.3 128.5 6.7 121.8 15.6 -- 2.5 12.7Q4 152.1 123.9 7.2 116.7 15.6 -- 0.0 12.6

2009Q1 159.9 130.6 7.1 123.5 15.6 -- 0.0 13.7Q2 167.0 136.3 6.9 129.4 16.6 -- 0.0 14.2Q3 193.9 163.3 26.6 136.8 16.6 -- 0.0 14.0Q4 191.2 160.4 26.1 134.3 16.6 -- 0.0 14.3

2010Q1 186.4 155.5 25.6 129.9 16.6 -- 0.0 14.3Q2 200.0 170.5 25.2 145.2 15.2 -- 0.0 14.3Q3 207.2 172.7 25.7 147.0 15.2 -- 0.0 19.3Q4 207.1 177.5 24.5 153.0 15.2 -- 0.0 14.4

2011Q1 188.7 157.1 25.0 132.1 15.2 -- 0.0 16.3Q2 235.0 203.8 23.7 180.1 14.7 -- 0.0 16.6Q3 237.4 208.1 23.7 184.4 14.7 -- 0.0 14.7Oct 243.3 213.9 23.2 190.7 14.7 -- 0.0 14.8Nov 242.6 212.9 23.7 189.2 14.7 -- 0.0 15.0Dec 255.3 226.0 23.2 202.8 14.7 -- 0.0 14.62012Jan 258.6 229.5 22.9 206.6 14.7 -- 0.0 14.5Feb 259.6 230.6 22.9 207.8 14.7 -- 0.0 14.3Mar 268.3 239.2 23.2 216.0 14.7 -- 0.0 14.4Apr 269.2 240.3 23.2 217.1 14.7 -- 0.0 14.3May 273.0 245.0 23.7 221.3 13.7 -- 0.0 14.4Jun 273.9 246.1 23.3 222.8 13.7 -- 0.0 14.1Jul 279.9 251.1 22.8 228.3 13.7 -- 0.0 15.1Aug 281.9 252.7 23.2 229.5 13.7 -- 0.0 15.5Sep 277.1 247.9 23.1 224.8 13.7 -- 0.0 15.5

Source: National Reserve Bank of TongaSee Notes to Statistical Tables

Table B1: NATIONAL RESERVE BANK OF TONGA: ASSETS AND LIABILITIESA. ASSETS

(Millions of pa'anga)

Page 13: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S8

End Currency Required Domestic Reserve Central IMF NRBT Foreign Other Capital Revaluation of: on reserves banks money Government demand notes liabilities liabilities and reserves

issue 1/ demand demand deposits 2/ General deposits deposits reserves

2007/08 24.1 29.6 11.0 64.7 23.8 15.6 -- 3.1 4.9 12.8 2.322008/09 28.2 29.5 35.8 93.4 25.5 16.6 -- 10.4 3.6 13.8 3.832009/10 32.9 14.8 60.5 108.2 25.9 15.2 -- 10.4 21.6 14.4 4.372010/11 34.5 15.9 93.0 143.4 33.2 14.7 -- 4.0 24.6 14.7 0.362011/12 38.5 16.3 118.2 173.0 43.6 13.7 -- 7.0 20.7 15.0 0.90

2006Q3 24.0 29.8 8.9 62.8 20.3 15.3 12.0 4.7 2.3 9.2 2.08Q4 27.9 30.0 9.2 67.1 20.3 15.3 3.3 4.3 2.9 9.2 4.46

2007Q1 20.6 31.0 13.2 64.8 30.7 15.3 -- 4.2 3.4 9.2 4.95Q2 22.2 25.5 20.7 68.4 24.5 15.6 -- 4.7 6.0 9.2 4.92Q3 23.6 26.8 31.8 82.2 22.6 15.6 -- 4.8 3.2 12.8 5.74Q4 32.3 27.0 21.9 81.2 36.4 15.6 -- 4.9 3.2 12.8 2.85

2008Q1 23.3 28.6 17.4 69.3 32.9 15.6 -- 4.2 3.9 12.8 1.77Q2 24.1 29.6 11.0 64.7 23.8 15.6 -- 3.1 4.9 12.8 2.32Q3 24.4 28.6 30.5 83.5 30.0 15.6 -- 10.1 6.5 12.8 0.77Q4 31.7 29.7 10.6 71.9 26.2 15.6 8.0 12.1 2.6 13.8 1.97

2009Q1 26.2 29.4 19.4 75.0 27.3 15.6 10.0 12.5 2.9 13.8 2.80Q2 28.2 29.5 35.8 93.4 25.5 16.6 -- 10.4 3.6 13.8 3.83Q3 29.8 15.2 58.5 103.5 26.9 16.6 -- 5.0 23.5 13.8 4.68Q4 34.0 15.2 53.3 102.4 26.6 16.6 -- 4.5 21.6 14.4 5.17

2010Q1 27.6 15.1 45.6 88.4 26.4 16.6 -- 12.8 21.3 14.4 6.61Q2 32.9 14.8 60.5 108.2 25.9 15.2 -- 10.4 21.6 14.4 4.37Q3 31.3 15.1 61.8 108.1 32.3 15.2 -- 6.8 21.8 14.4 8.61Q4 35.8 15.3 67.2 118.2 26.5 15.2 -- 6.1 20.1 14.7 6.26

2011Q1 31.0 15.2 54.1 100.3 24.9 15.2 -- 5.6 21.1 14.7 6.86Q2 34.5 15.9 93.0 143.4 33.2 14.7 -- 4.0 24.6 14.7 0.36Q3 32.2 16.3 100.4 148.9 36.7 14.7 -- 4.5 22.1 14.7 -4.19Oct 34.2 16.1 107.4 157.7 34.5 14.7 -- 4.7 20.0 15.0 -3.28Nov 34.6 16.4 105.8 156.8 33.5 14.7 -- 5.0 19.9 15.0 -2.19Dec 39.7 16.3 101.1 157.1 30.4 14.7 -- 20.6 19.5 15.0 -2.022012Jan 33.0 16.3 111.4 160.8 29.9 14.7 -- 20.0 19.5 15.0 -1.27Feb 33.4 16.4 110.2 160.0 29.9 14.7 -- 20.8 19.4 15.0 -0.15Mar 34.0 15.9 121.3 171.2 26.9 14.7 -- 20.5 20.0 15.0 0.01Apr 35.1 16.3 122.7 174.1 24.6 14.7 -- 20.3 20.0 15.0 0.53May 34.9 16.4 126.6 177.9 40.1 13.7 -- 5.0 20.7 15.0 0.72Jun 38.5 16.3 118.2 173.0 43.6 13.7 -- 7.0 20.7 15.0 0.90Jul 39.7 15.8 122.2 177.7 44.7 13.7 -- 6.9 20.4 15.0 1.59Aug 38.7 15.9 124.4 178.9 44.4 13.7 -- 7.1 20.8 15.0 1.79Sep 38.2 15.8 123.9 178.0 41.9 13.7 -- 6.5 21.0 15.0 1.04

Table B1: NATIONAL RESERVE BANK OF TONGA: ASSETS AND LIABILITIESB. LIABILITIES

(Millions of pa'anga)

Page 14: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S9

End Foreign Claims Securities Claims Loans to: Other Totalof: assets on held: on assets assets central Government NMFI Government NFPE Private

bank sector 1/

2007/08 10.8 42.2 2.3 -- -- 3.7 311.8 32.9 403.72008/09 17.8 67.3 12.7 -- -- 3.9 302.8 43.7 448.02009/10 16.2 81.6 16.4 -- -- 19.6 252.6 45.2 431.62010/11 17.9 116.8 13.6 -- -- 13.2 227.7 54.0 443.12011/12 4.9 138.0 15.4 -- -- 10.4 202.5 59.0 430.22006

Q3 11.7 53.2 1.8 -- 0.9 3.6 238.0 29.8 339.0Q4 11.8 46.7 0.8 -- 0.5 3.1 240.5 34.8 338.1

2007Q1 9.3 47.3 0.8 -- 0.6 2.7 249.6 32.5 342.8Q2 12.0 49.4 0.8 -- -- 2.5 260.5 32.8 357.9Q3 9.0 62.0 0.8 -- -- 2.4 267.4 29.6 371.2Q4 8.5 58.0 0.8 -- -- 3.8 279.7 34.5 385.3

2008Q1 9.2 50.2 0.8 -- -- 3.9 291.6 31.9 387.5Q2 10.8 42.2 2.3 -- -- 3.7 311.8 32.9 403.7Q3 15.2 62.6 9.5 -- -- 3.7 305.3 34.5 430.8Q4 25.0 55.4 12.0 -- -- 3.5 307.8 36.9 440.5

2009Q1 19.3 64.3 12.0 -- -- 3.8 306.7 43.0 449.1Q2 17.8 67.3 12.7 -- -- 3.9 302.8 43.7 448.0Q3 13.9 79.7 11.1 -- -- 3.6 283.3 48.5 440.1Q4 11.8 76.7 14.8 -- -- 3.5 281.9 44.0 432.7

2010Q1 16.2 63.8 16.4 -- -- 8.8 268.3 45.8 419.3Q2 16.2 81.6 16.4 -- -- 19.6 252.6 45.2 431.6Q3 13.1 83.9 20.6 -- -- 18.3 249.4 48.9 434.2Q4 17.8 88.7 20.6 -- -- 15.0 247.6 49.1 438.8

2011Q1 14.3 74.4 20.6 -- -- 14.1 243.0 51.8 418.2Q2 17.9 116.8 13.6 -- -- 13.2 227.7 54.0 443.1Q3 11.9 122.3 14.8 -- -- 12.2 223.9 53.2 438.3Oct 18.4 127.3 15.2 -- -- 11.9 224.1 51.7 448.5Nov 14.6 127.1 15.2 -- -- 11.5 224.2 52.3 444.9Dec 16.2 126.0 15.2 -- -- 11.2 215.9 52.2 436.6

2012Jan 7.6 133.5 15.2 -- -- 11.0 204.1 60.0 431.3Feb 5.3 133.4 15.2 -- -- 10.8 206.9 59.9 431.4Mar 6.2 142.4 15.2 -- -- 10.8 206.3 58.2 439.1Apr 5.3 146.9 15.2 -- -- 10.7 202.6 65.9 446.5May 5.1 148.1 15.2 -- -- 10.4 201.8 65.0 445.5Jun 4.9 138.0 15.4 -- -- 10.4 202.5 59.0 430.2Jul 5.9 143.5 15.4 -- -- 10.2 201.7 62.8 439.4Aug 6.1 144.0 15.4 -- -- 10.1 202.7 63.1 441.4Sep 6.8 142.9 15.4 -- -- 10.1 198.7 63.9 437.8

Source: National Reserve Bank of TongaSee Notes to Statistical Tables

Table B2: COMMERCIAL BANKS: ASSETS AND LIABILITIESA: ASSETS

(Millions of pa'anga)

Page 15: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S10

CapitalEnd Demand deposits Savings Time deposits Foreign Other andof: Govt Other deposits Govt Other liabilities liabilities reserves

2007/08 4.9 62.7 49.0 12.4 156.6 16.9 32.2 69.12008/09 4.2 66.8 43.8 15.8 156.5 22.4 34.7 103.92009/10 8.5 72.1 46.8 11.1 153.8 11.5 28.3 99.52010/11 9.2 80.7 51.1 3.6 151.0 2.4 38.2 106.82011/12 13.0 99.7 41.5 5.9 129.1 8.8 44.9 93.62006

Q3 4.1 51.0 52.4 -- 129.6 14.9 33.4 53.6Q4 5.3 57.8 47.3 -- 128.1 15.4 36.7 47.4

2007Q1 4.6 58.8 46.2 -- 130.4 18.7 34.1 50.0Q2 4.0 63.6 49.3 -- 136.0 17.2 32.8 55.2Q3 4.6 67.7 51.1 -- 140.0 15.6 33.2 59.0Q4 5.2 71.5 51.2 -- 145.8 14.7 30.3 66.7

2008Q1 8.4 61.5 47.6 5.0 155.3 17.3 26.9 65.4Q2 4.9 62.7 49.0 12.4 156.6 16.9 32.2 69.1Q3 10.1 62.1 48.6 17.1 158.7 16.8 38.8 87.8Q4 4.8 72.7 46.0 17.4 162.4 17.2 41.6 87.5

2009Q1 5.9 70.8 43.0 17.0 163.8 25.0 33.6 99.3Q2 4.2 66.8 43.8 15.8 156.5 22.4 34.7 103.9Q3 3.0 68.2 45.6 14.9 160.4 21.0 35.7 91.2Q4 9.8 68.0 45.1 7.7 157.0 20.3 32.7 92.2

2010Q1 5.5 68.4 44.1 9.7 157.1 16.9 28.0 89.5Q2 8.5 72.1 46.8 11.1 153.8 11.5 28.3 99.5Q3 4.1 68.8 47.7 7.1 152.3 13.0 41.9 99.2Q4 5.3 79.7 50.0 4.0 154.1 8.4 31.8 105.5

2011Q1 5.0 65.1 46.8 2.8 156.6 1.6 32.9 107.4Q2 9.2 80.7 51.1 3.6 151.0 2.4 38.2 106.8Q3 8.5 82.6 52.4 8.7 138.8 3.1 37.0 107.1Oct 11.0 87.0 51.9 10.8 139.6 3.2 36.1 108.4Nov 8.9 93.1 51.2 10.8 132.7 3.0 35.3 109.8Dec 9.4 94.2 50.0 10.8 133.9 1.7 34.6 102.0

2012Jan 14.1 98.8 37.4 11.4 142.3 10.7 43.3 90.4Feb 9.7 97.8 38.8 11.4 134.1 10.2 43.6 90.8Mar 21.5 92.1 38.5 11.7 143.3 10.7 44.0 92.0Apr 19.9 98.9 38.8 11.7 144.3 11.3 44.7 92.9May 17.4 98.8 40.0 10.8 144.7 9.9 45.0 93.5Jun 13.0 99.7 41.5 5.9 129.1 8.8 44.9 93.6Jul 7.2 110.5 42.3 5.9 132.5 3.4 46.3 95.2Aug 8.2 109.8 41.9 5.9 132.0 0.2 48.4 95.6Sep 6.2 107.8 42.7 5.9 134.9 0.3 49.1 96.4

Table B2: COMMERCIAL BANKS: ASSETS AND LIABILITIESB: LIABILITIES

(Millions of pa'anga)

Page 16: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S11

End Total Cash and Securities Loans Other

of: assets cash at bank held: Government NFPE Private 1/ assetsGovernment

2007/08 70.5 5.6 3.4 -- 1.0 47.3 13.22008/09 71.8 8.5 3.2 -- 0.8 46.0 13.32009/10 63.3 8.6 3.6 -- 0.8 37.1 13.12010/11 68.9 12.0 3.6 -- 0.4 39.8 12.92011/12 66.7 7.5 3.9 -- 3.6 39.4 12.42006

Q3 64.5 7.3 3.4 -- 1.4 42.9 9.5Q4 66.5 6.4 3.4 -- 1.4 42.2 13.1

2007Q1 66.4 6.3 3.4 -- 1.3 42.2 13.2Q2 71.4 9.6 3.4 -- 1.3 43.9 13.2Q3 71.4 6.2 3.4 -- 1.1 47.7 13.0Q4 71.9 6.6 3.4 -- 1.0 48.1 12.9

2008Q1 71.8 7.3 3.4 -- 0.9 47.2 13.1Q2 70.5 5.6 3.4 -- 1.0 47.3 13.2Q3 71.5 8.3 3.4 -- 0.9 45.4 13.5Q4 70.9 6.5 3.4 -- 0.8 47.0 13.2

2009Q1 73.0 8.0 3.4 -- 0.8 47.4 13.4Q2 71.8 8.5 3.2 -- 0.8 46.0 13.3Q3 72.1 9.2 3.3 -- 0.9 45.1 13.6Q4 62.4 8.5 3.5 -- 0.9 35.9 13.7

2010Q1 63.3 9.9 3.6 -- 0.8 35.8 13.1Q2 63.3 8.6 3.6 -- 0.8 37.1 13.1Q3 64.8 8.8 3.9 -- 0.7 38.2 13.2Q4 64.3 7.3 3.9 -- 0.6 39.6 12.9

2011Q1 66.0 9.2 3.9 -- 0.5 39.3 13.1Q2 68.9 12.0 3.6 -- 0.4 39.8 12.9Q3 67.4 11.1 3.6 -- 0.3 39.7 12.6Oct 70.6 13.3 3.9 -- 0.3 40.6 12.5Nov 69.3 11.8 3.9 -- 0.4 40.7 12.5Dec 67.7 10.3 3.9 -- 0.5 40.4 12.6

2012Jan 63.7 6.2 3.9 -- 2.2 38.8 12.7Feb 64.0 6.2 3.9 -- 2.5 38.7 12.8Mar 63.6 6.2 3.9 -- 2.8 38.2 12.5Apr 65.0 7.9 3.9 -- 3.0 37.8 12.5May 63.7 5.2 3.9 -- 3.5 38.6 12.5Jun 66.7 7.5 3.9 -- 3.6 39.4 12.4Jul 66.8 7.5 3.9 -- 3.6 39.4 12.4Aug 66.6 7.3 3.9 -- 3.6 39.4 12.4Sep 67.0 8.0 3.9 -- 3.6 39.2 12.4

Source: National Reserve Bank of Tonga See Notes to Statistical Tables

Table B3: NONMONETARY FINANCIAL INSTITUTIONS: ASSETS AND LIABILITIESA. ASSETS

(Millions of pa'anga)

Page 17: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S12

End Foreign Government Bonds and Promissory Notes Liabilities Liabilities Other Capitalof: borrowing Lending Held by: to domestic to liabilities and

2/ Funds 3/ Govt. Banks Others banks NRBT reserves

2007/08 0.6 5.0 5.2 -- 18.7 -- -- 7.1 33.52008/09 5.1 0.0 5.2 -- 20.6 -- -- 7.6 33.02009/10 4.4 0.0 2.6 -- 23.8 -- -- 7.5 24.62010/11 4.0 0.0 2.6 -- 27.2 -- 1.0 8.3 25.22011/12 5.1 0.0 2.7 -- 24.4 -- -- 9.6 20.42006

Q3 0.6 6.0 4.6 -- 16.8 -- -- 7.3 28.9Q4 0.6 5.8 4.6 -- 16.3 -- -- 7.7 30.5

2007Q1 0.4 5.8 4.6 -- 16.4 -- -- 7.2 31.1Q2 0.6 5.4 4.6 -- 21.3 -- -- 7.4 31.5Q3 0.6 5.3 4.5 -- 20.3 -- -- 7.8 32.3Q4 0.6 5.2 4.5 -- 20.5 -- -- 8.4 32.3

2008Q1 0.6 4.9 4.5 -- 20.1 -- -- 8.2 32.8Q2 0.6 5.0 5.2 -- 18.7 -- -- 7.1 33.5Q3 0.6 4.9 5.2 -- 18.8 -- -- 8.2 33.4Q4 5.3 0.0 5.2 -- 19.3 -- -- 7.1 33.7

2009Q1 5.2 0.0 5.2 -- 20.2 -- -- 7.9 34.1Q2 5.1 0.0 5.2 -- 20.6 -- -- 7.6 33.0Q3 4.9 0.0 5.2 -- 20.4 -- -- 7.4 33.7Q4 4.7 0.0 5.2 -- 20.2 -- -- 7.8 24.1

2010Q1 4.5 0.0 5.2 -- 21.3 -- -- 7.1 23.9Q2 4.4 0.0 2.6 -- 23.8 -- -- 7.5 24.6Q3 4.3 0.0 2.6 -- 23.9 -- 0.5 8.3 24.8Q4 4.2 0.0 2.6 -- 23.4 -- 0.6 8.1 24.4

2011Q1 4.0 0.0 2.6 -- 24.2 -- 0.8 8.4 25.0Q2 4.0 0.0 2.6 -- 27.2 -- 1.0 8.3 25.2Q3 3.8 0.0 2.6 -- 24.7 -- 1.1 9.4 25.2Oct 3.8 0.0 2.6 -- 27.6 -- 1.1 9.7 25.2Nov 3.8 0.0 2.6 -- 26.9 -- 1.4 9.6 24.3Dec 3.7 0.0 2.6 -- 26.0 -- 1.4 9.0 24.6

2012 Jan 5.0 0.0 2.6 -- 22.5 -- -- 9.0 19.6 Feb 5.0 0.0 2.7 -- 22.5 -- -- 9.2 19.7 Mar 4.9 0.0 2.7 -- 22.1 -- -- 8.9 19.9 Apr 4.9 0.0 2.7 -- 23.4 -- -- 8.8 20.0 May 4.9 0.0 2.7 -- 21.3 -- -- 9.2 20.3 Jun 5.1 0.0 2.7 -- 24.4 -- -- 9.6 20.4 Jul 5.0 0.0 2.7 -- 24.4 -- -- 9.7 20.5 Aug 5.0 0.0 2.7 -- 24.1 -- -- 9.6 20.6 Sep 4.9 0.0 2.7 -- 24.4 -- -- 9.9 20.6

Table B3: NONMONETARY FINANCIAL INSTITUTIONS: ASSETS AND LIABILITIESB. LIABILITIES

(Millions of pa'anga)

Page 18: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S13

End Totalof: domestic Total Demand Time Tonga Total Demand Savings Time Foreign Total Demand Time deposits Trust Curr. a/cs

2007/08 290.4 17.2 4.9 12.4 -- 220.7 51.2 53.7 104.4 11.3 52.5 3.7 48.82008/09 292.2 20.0 4.2 15.8 -- 218.5 49.2 48.8 107.8 12.8 53.7 7.8 45.92009/10 297.9 19.6 8.5 11.1 -- 199.7 53.6 51.9 82.2 12.0 78.5 10.4 68.12010/11 302.2 12.9 9.2 3.6 -- 214.6 56.7 57.5 88.7 11.8 74.7 14.3 60.52011/12 277.2 18.9 13.0 5.9 --- 228.2 72.0 41.4 71.9 11.9 61.2 8.3 52.9

2006Q3 243.2 4.1 4.1 -- -- 229.1 40.3 58.3 119.1 11.4 10.0 5.0 5.0Q4 243.5 5.3 5.3 -- -- 212.7 42.0 52.0 105.5 13.2 25.5 7.2 18.3

2007Q1 244.6 4.6 4.6 -- -- 194.0 47.8 50.6 86.8 8.9 46.0 5.6 40.3Q2 257.6 4.0 4.0 -- -- 210.6 51.9 54.1 91.8 12.8 43.1 4.2 38.8Q3 268.6 4.6 4.6 -- -- 218.5 55.2 56.2 95.9 11.2 45.5 6.7 38.8Q4 278.5 5.2 5.2 -- -- 227.4 60.2 56.0 102.2 9.0 45.9 6.0 39.9

2008Q1 282.5 13.4 8.4 5.0 -- 215.4 51.2 52.0 102.2 10.1 53.6 4.2 49.4Q2 290.4 17.2 4.9 12.4 -- 220.7 51.2 53.7 104.4 11.3 52.5 3.7 48.8Q3 292.5 27.2 10.1 17.1 -- 209.9 44.4 53.5 95.4 16.6 55.4 3.6 51.8Q4 298.6 22.3 4.8 17.4 -- 231.7 47.9 50.4 111.3 22.1 44.7 5.5 39.2

2009Q1 295.8 23.0 5.9 17.0 -- 208.0 52.2 47.5 95.0 13.3 64.9 8.0 56.9Q2 292.2 20.0 4.2 15.8 -- 218.5 49.2 48.8 107.8 12.8 53.7 7.8 45.9Q3 296.9 17.9 3.0 14.9 -- 201.9 55.5 50.3 86.9 9.1 77.1 6.6 70.5Q4 292.4 17.5 9.8 7.7 -- 195.6 51.4 49.9 85.2 9.2 79.4 10.6 68.8

2010Q1 289.7 15.2 5.5 9.7 -- 198.2 50.5 48.9 86.6 12.2 76.3 8.9 67.4Q2 297.9 19.6 8.5 11.1 -- 199.7 53.6 51.9 82.2 12.0 78.5 10.4 68.1Q3 285.7 11.2 4.1 7.1 -- 205.0 56.8 53.2 85.8 9.2 69.4 5.9 63.5Q4 298.6 9.4 5.3 4.0 -- 210.9 59.7 55.5 85.0 10.7 78.4 11.2 67.2

2011Q1 282.1 7.9 5.0 2.8 -- 203.2 45.9 52.5 92.6 12.2 71.0 8.9 62.0Q2 302.2 12.9 9.2 3.6 -- 214.6 56.7 57.5 88.7 11.8 74.7 14.3 60.5Q3 298.0 17.2 8.5 8.7 -- 216.8 61.3 59.3 88.1 8.1 64.0 15.1 48.9Oct 307.6 21.8 11.0 10.8 -- 220.0 62.5 59.2 84.7 13.6 65.8 12.7 53.1Nov 303.8 19.8 8.9 10.8 -- 216.3 63.4 58.1 84.0 10.8 67.7 20.9 46.9Dec 304.7 20.2 9.4 10.8 -- 216.5 66.7 56.3 83.6 10.0 68.0 19.6 48.42012Jan 319.0 25.5 14.1 11.4 -- 206.7 73.5 44.4 76.3 12.4 86.9 19.8 67.0Feb 307.9 21.0 9.7 11.4 -- 198.6 73.4 45.8 69.3 10.1 88.2 20.9 67.3Mar 324.0 33.1 21.5 11.7 -- 200.9 68.5 45.6 75.5 11.2 90.0 21.2 68.8Apr 332.3 31.6 19.9 11.7 -- 205.3 69.2 46.0 73.4 16.7 95.3 23.4 71.9May 327.3 28.2 17.4 10.8 -- 207.9 70.8 47.5 73.0 16.7 91.2 19.0 72.2Jun 277.2 18.9 13.0 5.9 --- 197.2 72.0 41.4 71.9 11.9 61.2 8.3 52.9Jul 285.4 13.2 7.2 5.9 -- 203.4 79.6 42.2 71.4 10.2 68.8 17.1 51.6Aug 286.9 14.1 8.2 5.9 -- 200.0 76.8 41.7 70.5 10.9 72.8 18.4 54.4Sep 282.7 12.1 6.2 5.9 -- 192.7 68.9 42.6 69.1 12.0 77.8 21.9 55.9

Source: National Reserve Bank of Tonga.

Table B4: COMMERCIAL BANKS: CLASSIFICATION OF DEPOSITS(Millions of pa'anga)

OthersPrivateGovernment

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S14

End 3 months 6 months 12 months 24 months 36 months 48 months Totalof:

2007/08 89.5 30.4 23.4 7.1 17.2 3.5 171.12008/09 64.5 17.8 32.9 5.4 34.9 3.6 159.12009/10 61.5 16.9 36.0 24.6 17.3 0.0 156.32010/11 68.0 36.8 27.6 10.7 10.2 0.2 153.62011/12 39.4 27.4 45.6 15.8 1.4 1.9 131.42006

Q3 54.7 20.2 29.0 6.6 22.1 -- 132.6Q4 53.1 18.9 32.2 17.7 8.8 0.0 130.6

2007Q1 58.1 20.2 26.6 17.9 10.4 0.0 133.2Q2 67.9 17.6 25.6 18.3 9.5 -- 139.0Q3 65.8 25.6 26.1 18.6 5.9 -- 142.0Q4 72.9 26.5 33.6 7.0 7.7 -- 147.7

2008Q1 70.9 32.1 33.0 8.8 13.7 3.5 162.0Q2 89.5 30.4 23.4 7.1 17.2 3.5 171.1Q3 87.6 19.5 29.2 4.7 18.6 3.5 163.0Q4 80.0 14.3 33.5 3.9 29.8 3.5 165.0

2009Q1 69.5 27.0 32.5 3.7 29.6 3.5 165.8Q2 64.5 17.8 32.9 5.4 34.9 3.6 159.1Q3 55.3 31.3 37.3 9.9 25.6 3.5 163.0Q4 65.3 18.2 33.5 22.5 16.3 3.5 159.4

2010Q1 54.6 36.9 25.6 25.6 16.7 -- 159.5Q2 61.5 16.9 36.0 24.6 17.3 -- 156.3Q3 60.7 15.3 39.4 24.2 15.2 -- 154.8Q4 64.4 23.1 41.9 11.6 15.3 0.2 156.6

2011Q1 70.2 26.7 38.6 12.0 11.4 0.2 159.1Q2 68.0 36.8 27.6 10.7 10.2 0.2 153.6Q3 75.1 22.1 28.4 6.7 8.8 0.2 141.4Oct 75.9 21.9 27.2 6.7 10.6 -- 142.2Nov 70.0 21.1 26.9 6.7 10.4 0.2 135.3Dec 58.2 33.1 24.7 8.9 11.5 0.2 136.5

2012Jan 58.3 31.3 21.5 22.0 1.7 1.9 136.7Feb 41.6 37.4 24.3 23.0 1.7 1.9 129.9Mar 38.4 30.3 31.6 17.1 2.1 1.9 121.4Apr 56.1 27.8 29.9 20.0 1.5 3.2 138.6May 55.3 21.9 40.1 18.3 1.4 1.9 138.9Jun 39.4 27.4 45.6 15.8 1.4 1.9 131.4Jul 36.5 21.5 45.3 21.9 0.9 1.8 127.9Aug 34.7 25.8 44.9 23.7 0.9 2.0 132.0Sep 34.7 32.6 39.3 22.7 1.0 1.8 132.1

Source: National Reserve Bank of Tonga.See Notes to Statistical Tables

Table B5: COMMERCIAL BANKS: PRIVATE SECTOR TIME DEPOSITS MATURITY STRUCTURE

(Millions of pa'anga) 1/

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S15

Total loans and advances outstanding to:End Nonfinancial Private:of:

Governmentpublic

enterprises Total Agriculture Indust. 1/ Housing Other 2/ Total

2007/08 -- 3.7 311.7 13.8 150.0 109.6 38.3 315.42008/09 -- 3.9 302.7 12.8 159.6 101.8 28.5 306.52009/10 -- 19.6 252.5 9.3 119.9 93.7 29.5 272.12010/11 -- 13.2 227.7 6.4 108.3 84.9 28.0 240.82011/12 -- 10.1 202.1 5.7 84.9 76.7 34.7 212.12006

Q3 0.9 3.6 237.9 12.7 86.3 100.3 38.6 242.4Q4 0.5 3.1 240.4 11.8 90.3 101.5 36.8 243.9

2007Q1 0.6 2.7 249.5 11.8 94.7 104.9 38.0 252.8Q2 -- 2.5 260.4 12.3 102.8 106.1 39.2 262.9Q3 -- 2.4 266.5 11.7 115.0 102.5 37.3 268.9Q4 -- 3.8 279.6 12.1 122.3 104.3 41.0 283.4

2008Q1 -- 3.9 291.5 12.7 131.4 105.8 41.5 295.4Q2 -- 3.7 311.7 13.8 150.0 109.6 38.3 315.4Q3 -- 3.7 305.2 14.5 153.5 103.0 34.1 308.9Q4 -- 3.5 307.7 13.4 160.2 102.2 31.9 311.2

2009Q1 -- 3.8 306.6 12.3 162.9 101.7 29.7 310.5Q2 -- 3.9 302.7 12.8 159.6 101.8 28.5 306.5Q3 -- 3.6 283.2 12.3 143.3 98.8 28.8 286.8Q4 -- 3.5 281.8 11.3 143.5 97.1 29.8 285.2

2010Q1 -- 8.8 268.2 9.5 133.4 95.7 29.5 277.0Q2 -- 19.6 252.5 9.3 119.9 93.7 29.5 272.1Q3 -- 18.3 249.3 9.2 119.1 91.4 29.5 267.6Q4 -- 15.0 247.5 9.0 119.0 89.3 30.3 262.5

2011Q1 -- 14.1 242.9 8.8 117.0 88.4 28.8 257.1Q2 -- 13.2 227.7 6.4 108.3 84.9 28.0 240.8Q3 -- 12.2 223.8 6.4 104.3 84.5 28.6 236.0Oct -- 11.9 224.0 6.4 104.3 84.1 29.2 235.9Nov -- 11.5 224.1 6.2 104.4 83.6 29.9 235.7Dec -- 11.2 215.8 5.2 99.0 81.9 29.8 227.0

2012Jan -- 11.0 203.9 5.9 87.9 78.5 31.6 214.9Feb -- 10.8 206.7 6.0 89.1 78.6 32.9 217.4Mar -- 10.8 206.1 6.0 89.0 78.1 33.1 216.9Apr -- 10.7 202.4 4.6 87.5 77.8 32.4 213.0May -- 10.4 201.5 5.9 86.0 77.4 32.2 211.9Jun -- 10.1 202.1 5.7 84.9 76.7 34.7 212.1Jul -- 10.2 201.5 5.8 84.6 75.7 35.3 211.6Aug -- 10.1 202.5 6.1 84.1 75.4 36.8 212.6Sep -- 10.1 198.5 5.3 82.2 74.0 36.9 208.6

Source: National Reserve Bank of TongaSee Notes to Statistical Tables

Table B6: COMMERCIAL BANKS: CLASSIFICATION OF LENDING(Millions of pa'anga)

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S16

As at, or Outstanding loans

during periodNonfinancial

publicPrivate: Total

ended: enterprises Agriculture Industry Other 1/ 2/

2007/08 1.0 18.1 8.9 20.2 48.32008/09 0.8 17.2 8.5 20.2 46.82009/10 0.8 6.7 8.0 22.3 37.92010/11 0.4 4.9 11.7 22.9 39.92011/12 3.6 4.0 11.8 23.6 43.0

2006Q3 1.4 18.3 6.6 18.1 44.3Q4 1.4 17.7 6.2 18.4 43.6

2007Q1 1.3 18.0 6.1 18.1 43.6Q2 1.3 18.5 6.7 18.7 45.1Q3 1.1 18.9 9.7 19.0 48.8Q4 1.0 18.6 9.8 19.7 49.1

2008Q1 0.9 18.3 9.3 19.7 48.1Q2 1.0 18.1 8.9 20.2 48.3Q3 0.9 18.6 7.2 19.7 46.3Q4 0.8 18.6 8.5 19.9 47.8

2009Q1 0.8 18.9 8.6 20.0 48.2Q2 0.8 17.2 8.5 20.2 46.8Q3 0.9 17.1 8.0 20.0 45.9Q4 0.9 7.1 7.3 21.6 36.8

2010Q1 0.8 6.9 7.5 21.4 36.6Q2 0.8 6.7 8.0 22.3 37.9Q3 0.7 6.5 8.8 22.9 38.9Q4 0.6 5.0 11.8 22.8 40.3

2011Q1 0.5 5.0 11.4 22.9 39.9Q2 0.4 4.9 11.7 22.9 39.9Q3 0.3 4.9 12.1 22.3 39.7Oct 0.3 5.0 12.8 22.5 40.6Nov 0.4 3.8 13.3 23.3 40.7Dec 0.5 3.4 13.2 23.5 40.6

2012Jan 2.2 3.3 11.8 23.6 40.9Feb 2.5 3.3 11.7 23.5 41.0Mar 2.8 3.2 11.6 23.4 41.0Apr 3.0 3.2 11.4 23.2 40.8May 3.5 3.5 11.4 23.6 42.1Jun 3.6 4.0 11.8 23.6 43.0Jul 3.6 4.1 11.7 23.6 43.0Aug 3.6 4.2 11.5 23.7 43.0Sep 3.6 4.3 11.4 23.5 42.8

Source: National Reserve Bank of Tonga See Notes to Statistical Tables

Table B7: NON-MONETARY FINANCIAL INSTITUTIONS:CLASSIFICATION OF LENDING

(Millions of pa'anga)

Page 22: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S17

By original maturity Weighted WeightedEnd 1/ average average on termof: on savings and savings

3 months 6 months 12 months 24 months 36 months 48 months deposits deposits2/ 3/

2007/08 6.20 6.66 7.04 7.04 7.06 7.34 3.20 5.752008/09 5.90 5.96 6.33 6.58 6.64 6.74 2.06 5.262009/10 4.14 4.31 4.61 4.73 4.74 4.24 1.52 3.782010/11 3.70 3.92 4.17 4.32 4.32 3.10 1.57 3.392011/12 3.61 3.70 4.96 4.29 4.39 3.01 1.95 3.54

Q3 5.13 5.47 5.97 6.33 6.75 7.00 3.18 4.79 Q4 5.13 5.47 5.97 6.33 6.75 7.00 3.23 4.82

Q2 5.75 6.17 6.67 6.92 7.10 7.15 3.24 5.40 Q3 5.58 5.92 6.42 6.75 7.00 7.00 3.23 5.25 Q4 4.83 5.50 5.75 5.83 5.92 6.38 3.24 4.78

Q1 5.25 5.75 6.17 6.25 6.42 6.13 3.26 5.11 Q2 5.60 5.93 6.25 6.42 6.50 6.25 3.27 5.23 Q3 5.60 5.93 6.25 6.42 6.50 6.25 3.18 5.08 Q4 5.60 5.93 6.25 6.42 6.50 6.25 3.22 5.22

Q1 5.92 6.17 6.75 6.92 7.08 7.13 3.24 5.58 Q2 6.25 6.77 7.17 7.08 7.08 7.38 3.21 5.63 Q3 6.25 6.77 7.08 7.08 7.08 7.38 3.22 5.71 Q4 6.25 6.77 7.08 7.08 7.08 7.38 3.18 5.77

Q1 6.25 6.77 7.08 7.08 7.08 7.38 3.19 5.78 Q2 6.25 6.77 7.08 7.08 7.08 7.38 3.20 5.74 Q3 6.25 6.77 7.08 7.08 7.08 7.38 3.19 5.73 Q4 6.25 6.77 7.08 7.08 7.08 7.38 3.18 5.74

Q1 6.25 6.77 7.08 7.08 7.08 7.38 3.21 5.88 Q2 6.03 6.35 6.92 6.92 7.00 7.25 3.22 5.67 Q3 6.24 6.52 6.94 7.33 7.38 7.38 2.40 5.62 Q4 6.10 6.10 6.36 6.83 6.96 6.75 2.12 5.42

Q1 5.75 5.72 6.13 6.12 6.17 6.43 1.86 5.09 Q2 5.52 5.48 5.90 6.05 6.05 6.43 1.84 4.91 Q3 4.52 4.68 5.00 5.12 5.13 5.88 1.59 4.11 Q4 4.30 4.45 4.77 4.88 4.88 4.00 1.39 3.85

Q1 4.03 4.18 4.50 4.62 4.62 4.00 1.58 3.71 Q2 3.70 3.92 4.17 4.32 4.32 3.10 1.53 3.43 Q3 3.70 3.92 4.17 4.32 4.32 3.10 1.54 3.42 Q4 3.70 3.92 4.17 4.32 4.32 3.10 1.51 3.37

Q1 3.70 3.92 4.17 4.32 4.32 3.10 1.60 3.41 Q2 3.70 3.92 4.17 4.32 4.32 3.10 1.61 3.35 Q3 3.70 3.92 4.17 4.32 4.32 3.10 1.57 3.26 Q4 3.70 3.92 4.17 4.32 4.32 3.10 1.53 3.29

Q1 4/ 3.33 3.73 5.84 5.24 4.54 2.91 2.30 3.86 Q2 3.73 3.25 5.67 3.27 4.40 2.91 2.41 3.76 Q3 3.64 5.55 4.97 3.34 4.20 1.04 2.42 3.93

Source: National Reserve Bank of TongaSee Notes to Statistical Tables

2007

2006

2012

Table C1: SELECTED INTEREST RATES ON DEPOSITS( Percent per annum )

2011

2010

2003

2005

2004

2009

2008

Page 23: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S18

Selected rates on Selected rates onEnd commercial banks' loans NMFI loans

of: Prime range Residential Prime range Business loans Small scalerate homes rate maximum rate subsistence1/ 2/ 3/ 4/ 5/

2007/08 10.00 11.50 11.00 15.50 11.502008/09 10.00 11.92 10.50 15.00 11.002009/10 9.58 9.97 10.00 14.50 10.502010/11 9.58 9.17 8.00 14.00 10.002011/12 9.58 4.42 8.00 14.00 10.002004

Q3 9.00 10.17 10.00 16.50 10.50Q4 9.00 10.33 10.00 15.50 10.50

2005Q1 9.00 10.00 10.00 15.50 10.50Q2 9.00 10.25 10.00 15.50 10.50Q3 9.00 10.33 10.00 15.50 10.50Q4 9.00 10.33 10.00 15.50 10.50

2006Q1 9.00 10.33 10.00 15.50 10.50Q2 9.38 10.75 11.00 15.50 11.50Q3 9.38 10.75 11.00 15.50 11.50Q4 9.38 10.75 11.00 15.50 11.50

2007Q1 9.25 10.75 11.00 15.50 11.50Q2 9.50 10.92 11.00 15.50 11.50Q3 9.50 10.92 11.00 15.50 11.50Q4 9.50 10.92 11.00 15.50 11.50

2008Q1 9.50 10.83 11.00 15.50 11.50Q2 10.00 11.50 11.00 15.50 11.50Q3 10.00 11.50 11.00 15.50 11.50Q4 9.88 11.42 11.00 15.50 11.50

2009Q1 10.00 12.17 11.00 15.50 11.50Q2 10.00 11.92 10.50 15.00 11.00Q3 9.70 11.72 10.50 15.00 11.00Q4 9.70 10.13 10.50 15.00 11.00

2010Q1 9.58 9.97 10.50 15.00 11.00Q2 9.58 9.97 10.00 14.50 10.50Q3 9.58 9.97 9.50 14.00 10.00Q4 9.58 9.97 8.00 14.00 10.00

2011Q1 9.58 9.97 8.00 14.00 10.00Q2 9.58 9.17 8.00 14.00 10.00Q3 9.58 8.97 8.00 14.00 10.00Q4 9.58 8.97 8.00 14.00 10.00

2012 Q1 6/ 9.58 5.82 8.00 14.00 10.00

Q2 9.58 4.42 8.00 14.00 10.00Q3 9.58 5.94 8.00 14.00 10.00

Source: National Reserve Bank of TongaSee Notes to Statistical Tables

Table C2: SELECTED INTEREST RATES ON BANK LENDING(Percent per annum)

Page 24: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S19

Average Short Term Interest rates 1/ Long Term Interest rates 2/during Australia Japan New Zealand United Australia Japan New Zealand Unitedperiod States of States ofended: America America2007/08 7.36 0.578 8.75 2.82 6.18 1.55 6.41 4.142008/09 4.61 0.302 4.64 0.66 4.80 1.38 5.28 3.302009/10 4.07 0.099 2.79 0.12 5.46 1.30 5.73 3.53201011 4.91 0.084 3.01 0.12 5.22 1.12 5.42 3.03201112 4.94 0.077 2.87 0.08 5.00 1.13 5.27 3.02

2004Q3 5.44 0.002 6.44 1.51 5.62 1.51 6.18 4.30Q4 5.42 0.002 6.73 2.04 5.32 1.45 6.03 4.17

2005Q1 5.62 0.008 6.86 2.58 5.55 1.50 6.04 4.30Q2 5.70 0.001 7.04 2.93 5.20 1.22 5.84 4.16Q3 5.63 0.002 7.05 3.43 5.18 1.33 5.74 4.21Q4 5.63 0.002 7.49 3.88 5.35 1.49 5.89 4.49

2006Q1 5.61 0.002 7.55 4.39 5.35 1.64 5.71 4.57Q2 5.89 0.018 7.48 4.70 5.73 1.89 5.80 5.07Q3 6.19 0.291 7.51 4.91 5.67 1.74 5.84 4.90Q4 6.40 0.267 7.64 4.90 5.71 1.68 5.77 4.63

2007Q1 6.42 0.529 4.72 4.98 5.83 1.66 5.91 4.68Q2 6.39 0.563 8.13 4.74 6.05 1.74 6.30 4.85Q3 6.79 0.563 8.66 4.31 6.04 1.69 6.44 4.73Q4 7.15 0.542 8.77 3.39 6.17 1.52 6.38 4.26

2008Q1 7.72 0.619 8.82 1.93 6.11 1.36 6.35 3.67Q2 7.78 0.589 8.75 1.64 6.42 1.64 6.44 3.91Q3 7.31 0.601 8.20 1.50 5.79 1.47 6.03 3.81Q4 4.78 0.392 3.83 0.74 4.58 1.35 5.50 3.32

2009Q1 3.20 0.108 3.71 0.21 3.91 1.29 4.59 2.73Q2 3.14 0.107 2.83 0.17 4.93 1.42 5.00 3.32Q3 3.31 0.106 2.76 0.16 5.45 1.34 5.37 3.51Q4 3.97 0.103 2.79 0.06 5.47 1.32 5.89 3.43

2010Q1 4.22 0.091 2.73 0.11 5.52 1.34 5.91 3.72Q2 4.77 0.094 2.88 0.15 5.39 1.21 5.74 3.49Q3 4.80 0.102 3.22 0.15 4.97 0.99 5.31 2.80Q4 4.94 0.087 3.18 0.14 5.37 1.09 5.47 2.65

2011Q1 4.93 0.080 3.00 0.13 5.47 1.24 5.59 3.46Q2 4.97 0.066 2.65 0.05 5.09 1.16 5.32 3.20Q3 4.92 0.076 2.66 0.02 4.08 1.03 4.67 2.78Q4 4.59 0.079 2.65 0.04 3.58 1.03 4.65 1.99

2012Q1 4.36 0.077 2.74 0.07 3.52 0.98 4.00 2.03Q2 3.67 0.084 2.64 0.09 3.03 0.85 3.68 1.79Q3 3.51 0.087 2.65 0.09 2.72 0.80 3.54 1.52

Source: Australia (Reserve Bank of Australia), Japan (Bank of Japan), New Zealand (Reserve Bank of New Zealand),United States of America (Federal Reserve)See Notes to Statistical Tables

Table C3: OVERSEAS INTEREST RATES(Percent per annum)

Page 25: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S20Table D1: INDICATORS OF ECONOMIC ACTIVITY

(Units as specified)

Retail Electricity NewDuring: petrol prices Electricity registrations

prices 2/ Consumed of1/ ('000) motor vehicles

(Seniti/Litre) (Seniti/Kwh) (Kwh) (Number)

2007/08 308.7 83.1 47,301 1,5602008/09 220.4 62.8 44,539 1,1312009/10 251.4 89.2 42,551 1,1422010/11 290.3 98.0 44,571 1,0292011/12 283.9 93.2 44,715 1,1642004

Q3 158.5 56.5 9,697 491Q4 170.1 56.5 9,762 627

2005Q1 175.4 56.5 10,939 486Q2 171.7 56.5 10,647 411Q3 190.5 56.5 10,628 385Q4 230.5 56.5 11,628 724

2006Q1 210.0 56.5 11,739 449Q2 222.0 56.5 12,008 517Q3 259.0 61.5 11,007 566Q4 234.6 61.5 10,943 568

2007Q1 212.1 61.5 11,651 462Q2 227.8 61.5 11,291 473Q3 258.3 68.5 11,057 446Q4 265.1 68.5 12,316 475

2008Q1 286.4 83.1 12,266 410Q2 308.7 83.1 11,662 229Q3 342.9 102.6 11,194 311Q4 273.9 102.6 11,446 331

2009Q1 206.8 102.6 11,498 253Q2 220.4 62.8 10,401 236Q3 243.3 62.8 10,297 307Q4 236.5 83.1 10,858 368

Q1 245.5 86.9 10,831 213Q2 251.4 89.2 10,565 254Q3 245.4 84.9 10,609 256Q4 250.7 84.9 11,378 299

Q1 279.6 84.9 11,373 232Q2 290.3 98.0 11,211 242Q3 272.1 98.0 10,498 228Q4 270.6 93.3 11,553 359

Q1 287.0 93.3 11,707 284Q2 283.9 93.2 10,956 293Q3 287.5 85.3 10,623 306

Source: Tonga Power Limited and Competent Authority (Ministry of Commerce, Tourism and Labour)See Notes to Statistical Tables

2010

2011

2012

Page 26: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S21

During: Total Root Coconuts Bananas Watermelon Other Vegetables Miscellaneouscrops 2/ fruit

2006/07 1,580.7 638.2 112.4 35.2 223.8 78.4 484.2 8.52007/08 2,739.7 1,205.7 250.4 143.2 703.9 84.2 348.8 3.52008/09 1,659.4 323.3 102.7 34.0 635.6 84.9 463.1 15.72009/10 5,575.6 2,100.2 201.3 87.0 1,590.9 431.6 1,115.1 49.62010/11 3,068.4 991.2 205.4 88.8 551.7 197.5 977.0 57.0

2004Q3 477.7 238.0 15.1 13.4 51.3 13.0 142.1 4.9Q4 351.3 134.4 16.8 10.6 69.2 12.2 103.9 4.2

2005Q1 442.5 213.0 15.0 25.1 43.4 27.1 102.7 16.2Q2 455.9 253.5 19.4 16.3 78.4 21.4 64.6 2.4Q3 550.9 276.8 24.2 15.5 81.9 18.1 132.9 1.6Q4 537.3 164.0 37.5 10.6 182.1 15.2 123.5 4.4

2006Q1 543.9 267.7 35.4 23.0 72.4 10.7 122.9 11.8Q2 494.2 259.2 22.2 11.2 71.0 21.1 107.2 2.3Q3 920.4 387.7 49.3 12.5 149.8 11.3 307.1 2.7Q4 346.7 153.0 30.8 7.2 35.6 34.0 84.0 2.2

2007 Q1 3/ 80.7 17.9 6.9 5.9 8.4 13.0 27.2 1.4

Q2 232.9 79.6 25.5 9.6 30.0 20.1 65.9 2.2Q3 323.0 119.9 6.1 10.7 32.3 9.9 142.3 2.0Q4 403.1 80.7 99.3 58.6 44.3 41.8 78.1 0.2

2008Q1 1,771.5 942.7 129.6 68.3 561.4 21.5 47.7 0.2Q2 242.1 62.4 15.3 5.7 65.9 10.9 80.7 1.2Q3 318.1 54.3 17.4 7.2 120.1 17.2 101.3 0.6Q4 382.6 87.9 14.2 6.3 178.5 36.9 55.8 2.9

2009Q1 501.5 78.9 55.3 10.9 171.6 19.9 158.6 6.3Q2 457.2 102.1 15.8 9.6 165.5 11.0 147.3 5.8Q3 560.8 199.2 28.8 5.5 144.2 14.7 165.4 3.1

Q4 4/ 2,414.4 739.5 56.3 22.0 938.2 304.9 344.7 8.92010

Q1 1,426.1 640.9 54.8 34.6 338.3 65.6 274.7 17.2Q2 1,174.3 520.6 61.3 25.1 170.2 46.4 330.3 20.4

Q3 /5 870.3 293.8 48.0 32.1 126.9 41.3 320.2 8.1Q4 888.2 224.7 54.9 18.8 159.7 100.1 322.5 7.5

2011Q1 711.2 238.2 53.5 25.4 156.2 35.3 187.7 14.9Q2 598.6 234.5 49.0 12.4 108.9 20.8 146.5 26.5Q3 1,253.5 518.3 81.0 8.1 198.1 37.8 372.0 38.2Q4 1,472.5 394.7 73.6 22.4 349.9 136.0 470.9 25.0

2012Q1 1,352.2 482.9 74.1 31.7 139.1 134.0 470.1 20.2

Source: Ministry of AgricultureSee Notes to Statistical Tables

Table D2: AGRICULTURAL PRODUCTS MARKETED IN TONGA: VALUES ('000) 1/

Page 27: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S22Table D3: AGRICULTURAL PRODUCTS MARKETED IN TONGA: VOLUMES (tonnes)

During: Total Root Coconuts Bananas Watermelon Other Vegetables Miscellaneouscrops 1/ fruit

1,278.2 543.7 200.3 29.9 183.7 36.2 281.1 3.22,914.6 1,199.1 613.9 175.4 765.3 40.5 120.1 0.31,254.0 345.3 127.6 35.6 608.5 27.0 109.2 0.84,260.1 1,744.7 340.5 86.8 1,495.0 169.6 420.9 2.62,215.0 940.7 352.5 57.5 476.1 70.8 314.4 3.0

Q3 474.3 297.8 43.4 13.3 41.1 8.2 70.0 0.6Q4 345.9 153.7 47.3 12.6 74.6 5.5 51.7 0.4

Q1 466.0 265.1 33.8 37.1 54.8 41.6 32.4 1.3Q2 422.6 232.0 52.3 23.6 72.2 21.1 21.3 0.2Q3 500.2 301.8 55.6 13.4 57.0 8.8 63.4 0.1Q4 548.7 174.1 58.6 13.0 227.0 7.0 68.6 0.4

Q1 434.8 267.2 50.2 27.6 49.4 8.7 30.6 1.1Q2 418.7 221.7 56.2 13.9 78.0 19.1 29.7 0.2Q3 737.6 324.2 96.8 8.2 107.3 4.2 194.8 2.2Q4 270.2 114.8 47.1 4.7 38.7 10.0 54.4 0.4

Q1 2/ 55.9 17.6 10.0 6.0 7.8 6.5 7.9 0.2Q2 214.5 87.2 46.5 11.0 29.9 15.5 24.1 0.4Q3 228.1 131.4 15.5 8.1 24.7 4.7 43.6 0.2Q4 596.0 84.8 256.4 70.2 131.4 14.8 38.3 0.0

Q1 1,904.9 905.9 316.7 91.8 550.5 18.0 22.0 0.0 Q2 185.6 77.1 25.3 5.3 58.6 3.1 16.2 0.1 Q3 221.9 57.7 27.8 6.2 98.5 3.9 27.8 0.1 Q4 360.9 89.3 24.4 5.1 206.2 11.8 23.9 0.2

Q1 334.1 89.3 41.9 14.8 152.5 7.6 27.7 0.3 Q2 337.1 108.9 33.5 9.6 151.3 3.8 29.8 0.3 Q3 351.2 137.1 47.5 3.0 91.0 3.4 69.0 0.2

Q4 3/ 1,965.9 585.3 91.5 27.8 977.5 109.2 174.1 0.5

Q1 1,077.7 546.0 87.7 36.4 289.1 23.8 94.0 0.7 Q2 865.4 476.3 113.9 19.8 137.4 33.3 83.7 1.1 Q3 4/ 579.6 282.5 86.9 16.0 83.7 9.7 100.5 0.4 Q4 617.3 222.1 96.8 10.5 124.6 32.9 130.0 0.4

Q1 487.4 192.0 77.7 19.9 138.7 15.4 43.1 0.8 Q2 530.7 244.1 91.2 11.1 129.3 12.9 40.7 1.5 Q3 1,074.2 627.7 155.3 7.7 143.0 14.9 123.1 2.4 Q4 1,288.1 517.5 136.9 20.4 366.6 50.9 193.5 2.3

Q1 1,066.9 545.9 152.0 33.3 149.3 51.4 133.5 1.7

Source: Ministry of AgricultureSee Notes to Statistical Tables

2005

2006

2007

2006/072007/08

2012

2010

2011

2008/09

2004

2009/102010/11

2008

2009

Page 28: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S23Table D4: AGRICULTURAL PRODUCTS MARKETED IN TONGA: UNIT VALUES

During: Total Root Coconuts Bananas Watermelon Other Vegetables Miscellaneouscrops 1/ fruit

2006/07 55.6 4.5 2.4 4.9 4.4 9.4 9.3 20.82007/08 77.0 3.7 1.8 4.0 3.8 9.7 12.4 41.62008/09 119.6 3.7 3.0 4.1 4.3 13.1 16.6 74.72009/10 113.3 5.0 2.4 4.8 5.0 11.3 11.2 73.62010/11 148.2 5.1 2.9 7.3 6.2 13.8 16.6 96.4

2004Q3 15.1 0.8 0.3 1.0 1.2 1.6 2.0 8.1Q4 17.8 0.9 0.4 0.8 0.9 2.2 2.0 10.6

2005Q1 19.4 0.8 0.4 0.7 0.8 0.7 3.2 12.9Q2 18.9 1.1 0.4 0.7 1.1 1.0 3.0 11.6Q3 21.1 0.9 0.4 1.2 1.4 2.0 2.1 13.0Q4 18.4 0.9 0.6 0.8 0.8 2.2 1.8 11.3

2006Q1 20.4 1.0 0.7 0.8 1.5 1.2 4.0 11.2Q2 19.0 1.2 0.4 0.8 0.9 1.1 3.6 11.0Q3 10.1 1.2 0.5 1.5 1.4 2.7 1.6 1.2Q4 14.4 1.3 0.7 1.5 0.9 3.4 1.5 5.1

2007Q1 18.1 1.0 0.7 1.0 1.1 2.0 3.4 8.9Q2 12.9 0.9 0.5 0.9 1.0 1.3 2.7 5.5Q3 18.8 0.9 0.4 1.3 1.3 2.1 3.3 9.5Q4 16.6 1.0 0.4 0.8 0.3 2.8 2.0 9.2

2008Q1 16.4 1.0 0.4 0.7 1.0 1.2 2.2 9.8Q2 25.2 0.8 0.6 1.1 1.1 3.6 5.0 13.1Q3 22.2 0.9 0.6 1.2 1.2 4.4 3.6 10.2Q4 28.7 1.0 0.6 1.2 0.9 3.1 2.3 19.6

2009Q1 35.0 0.9 1.3 0.7 1.1 2.6 5.7 22.6Q2 33.7 0.9 0.5 1.0 1.1 2.9 4.9 22.3Q3 25.6 1.5 0.6 1.8 1.6 4.3 2.4 13.4Q4 26.2 1.3 0.6 0.8 1.0 2.8 2.0 17.8

2010Q1 33.5 1.2 0.6 1.0 1.2 2.8 2.9 23.9Q2 28.0 1.1 0.5 1.3 1.2 1.4 3.9 18.5Q3 34.4 1.0 0.6 2.0 1.5 4.3 3.2 21.8Q4 31.7 1.0 0.6 1.8 1.3 3.0 2.5 21.5

2011Q1 30.9 1.2 0.7 1.3 1.1 2.3 4.4 19.9Q2 26.2 1.0 0.5 1.1 0.8 1.6 3.6 17.5Q3 25.1 0.8 0.5 1.1 1.4 2.5 3.0 15.7Q4 19.4 0.8 0.5 1.1 1.0 2.7 2.4 10.9

2012Q1 21.5 0.9 0.5 1.0 0.9 2.6 3.5 12.1

Source: Ministry of AgricultureSee Notes to Statistical Tables

Page 29: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Tabl

e D5:

CON

SUME

R PR

ICE

INDE

X 1/

At th

e end

of:

2009

2010

2011

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3

All it

ems

95.0

99.8

103.6

96.2

93.9

94.2

94.8

97.7

95.0

96.6

97.3

100.5

99.8

103.8

104.3

106.1

103.6

105.6

106.9

105.5

Fo

od95

.399

.010

2.188

.888

.093

.395

.910

1.595

.397

.198

.010

0.799

.010

4.610

3.310

8.510

2.110

5.710

8.210

7.1

Hous

ing

102.8

99.6

99.7

101.4

104.3

103.8

103.8

103.9

102.8

102.9

103.5

99.6

99.6

99.8

99.8

99.8

99.7

99.8

99.3

99.3

Ho

useh

old

good

s98

.310

0.010

3.810

8.810

6.510

4.695

.095

.198

.398

.399

.910

0.110

0.010

0.010

1.810

1.810

3.810

4.410

4.710

1.3

Clot

hing

and

foot

wear

100.6

100.0

104.6

100.8

97.5

100.1

101.1

101.2

100.6

100.1

99.3

100.0

100.0

104.6

104.6

104.6

104.6

104.6

104.6

104.6

Tr

ansp

orta

tion

98.0

102.3

111.3

116.1

106.1

92.3

94.4

98.9

98.0

99.3

100.8

101.0

102.3

112.0

116.9

111.2

111.3

113.2

114.3

112.2

To

bacc

o an

d alc

ohol

81.0

100.4

102.2

82.5

82.1

83.9

84.1

82.2

81.0

87.5

87.4

100.1

100.4

100.6

101.3

102.2

102.2

103.0

101.9

102

Mi

scell

aneo

us10

5.399

.410

2.010

2.910

1.710

1.810

4.910

5.810

5.399

.299

.310

0.499

.410

0.810

2.110

2.410

2.010

2.210

2.310

2.3Lo

cal c

ompo

nent

98.5

98.9

99.9

96.9

94.4

98.7

97.5

100.9

98.5

97.0

97.4

101.5

98.9

103.6

100.0

103.7

99.9

103.9

105.8

103.1

Impo

rted

com

pone

nt93

.010

0.410

6.395

.693

.591

.793

.395

.993

.096

.297

.199

.810

0.410

4.010

7.510

7.810

6.310

6.910

7.710

7.2

All it

ems

1.25.0

3.810

.36.4

2.41.2

1.61.2

2.52.7

2.95.0

7.57.2

5.63.8

1.82.5

-0.6

Foo

d8.3

3.93.1

4.52.7

4.96.4

14.3

8.34.0

2.2-0

.83.9

7.75.4

7.73.1

1.14.7

-1.3

Hou

sing

-1.5

-3.1

0.14.9

7.57.1

6.52.5

-1.5

-0.8

-0.3

-4.2

-3.1

-3.0

-3.6

0.20.1

0.0-0

.5-0

.5 H

ouse

hold

goo

ds-7

.71.7

3.813

.010

.4-0

.1-6

.9-1

2.6-7

.7-6

.05.2

5.31.7

1.71.9

1.73.8

4.42.8

-0.5

Clo

thin

g an

d fo

otwe

ar3.1

-0.6

4.611

.77.8

9.31.6

0.53.1

0.0-1

.8-1

.2-0

.64.5

5.44.6

4.60.0

0.00.0

Tra

nspo

rtatio

n-7

.64.4

8.824

.110

.4-8

.8-1

3.4-1

4.9-7

.67.7

6.82.2

4.412

.716

.010

.18.8

1.1-2

.20.9

Tob

acco

and

alcoh

ol-1

.424

.01.8

11.7

8.19.9

9.9-0

.3-1

.44.3

4.021

.724

.015

.015

.92.1

1.82.4

0.6-0

.2 M

iscell

aneo

us3.5

-5.6

2.69.7

7.3-1

.12.4

2.83.5

-2.6

-5.4

-5.1

-5.6

1.62.8

2.02.6

1.40.2

-0.1

Loca

l com

pone

nt4.3

0.41.0

8.67.4

4.31.8

4.14.3

-1.7

-0.1

0.60.4

6.72.7

2.21.0

0.45.8

-0.6

Impo

rted

com

pone

nt-0

.57.9

5.911

.26.0

1.30.9

0.3-0

.54.9

4.14.1

7.98.1

10.7

8.05.9

2.80.2

-0.6

All it

ems

2.7-2

.40.3

0.63.0

-2.7

1.70.8

3.3-0

.74.0

0.51.7

-2.4

2.01.2

-1.3

Foo

d-1

.5-0

.96.0

2.85.8

-6.1

1.90.9

2.7-1

.75.7

-1.2

5.0-5

.93.5

2.4-1

.0 H

ousin

g3.9

2.9-0

.50.1

0.1-1

.10.1

0.6-3

.80.0

0.20.0

0.0-0

.10.1

-0.5

0.0 H

ouse

hold

goo

ds6.6

-2.0

-1.9

-9.2

0.13.4

0.01.6

0.2-0

.10.0

1.80.0

2.00.6

0.3-3

.2 C

loth

ing

and

foot

wear

1.2-3

.22.7

1.00.1

-0.6

-0.5

-0.8

0.70.0

4.60.0

0.00.0

0.00.0

0.0 T

rans

porta

tion

6.6-8

.7-1

3.02.3

4.8-0

.91.4

1.50.2

1.39.5

4.4-4

.90.1

1.71.0

-1.8

Tob

acco

and

alcoh

ol7.8

-0.4

2.10.3

-2.2

-1.5

8.0-0

.114

.50.3

0.20.7

0.90.0

0.8-1

.10.1

Misc

ellan

eous

0.4-1

.10.1

3.00.8

-0.5

-5.8

0.11.1

-1.0

1.41.3

0.3-0

.40.2

0.10.0

Loca

l com

pone

nt1.3

-2.6

4.5-1

.23.4

-2.4

-1.5

0.44.1

-2.5

4.7-3

.43.7

-3.7

4.01.8

-2.6

Impo

rted

com

pone

nt3.3

-2.2

-1.9

1.72.8

-3.0

3.41.0

2.80.6

3.63.4

0.3-1

.40.5

0.8-0

.5So

urce

: Stat

istics

Dep

artm

ent

See N

otes t

o Stat

istica

l Tab

les

S24

Per

cent

age c

hang

e ove

r a ye

ar ea

rlier

2009

Per

cent

age c

hang

e ove

r 3 m

onth

s ear

lier

2012

2010

2011

2008

Page 30: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

2001

/02

2002

/03

2003

/04

2004

/05

2005

/06

2006

/07

2007

/08

2008

/09

2009

/10

2010

/11

2011

/12

2012

/13

Tax

reve

nue

66.5

72.4

86.1

98.4

125.

912

6.5

127.

111

9.1

116.

213

3.0

124.

612

7.7

Inco

me

and

prof

its11

.012

.016

.320

.626

.926

.420

.530

.328

.138

.321

.921

.3

Pro

pert

y--

--0.

10.

10.

00.

10.

10.

10.

10.

10.

10.

1

Goo

ds a

nd s

ervi

ces

9.1

9.8

12.0

21.4

54.6

52.0

57.8

71.3

72.4

81.9

89.0

92.5

Sal

es /

cons

umpt

ion

tax

----

9.0

18.7

52.8

49.8

55.0

47.2

42.9

49.6

54.4

56.0

Oth

er--

--3.

02.

81.

92.

12.

824

.129

.532

.334

.636

.5

Inte

rnat

iona

l tra

de a

nd tr

ansa

ctio

ns46

.450

.657

.255

.643

.647

.548

.616

.114

.912

.613

.813

.9

C

usto

ms

dutie

s--

--30

.134

.243

.547

.548

.616

.014

.912

.613

.713

.8

Oth

er im

port

char

ges

----

27.1

21.4

0.1

0.0

0.0

0.0

0.0

0.0

0.1

0.1

Oth

er ta

xes

----

0.5

0.7

0.8

0.5

0.0

1.4

0.7

0.0

0.0

0.0

Non

tax

reve

nue

13.4

18.2

18.5

17.6

22.2

21.8

35.2

22.8

27.3

16.1

23.2

19.4

Ent

repr

eneu

rial

and

pro

pert

y in

com

e1.

40.

85.

83.

25.

76.

77.

79.

214

.53.

37.

65.

9

Adm

inis

trat

ive

fees

and

cha

rges

12.0

17.4

12.2

13.8

13.0

13.0

26.6

11.9

10.0

11.2

15.1

13.0

Fine

s an

d fo

rfei

ts--

--0.

30.

30.

30.

30.

30.

30.

50.

60.

50.

5

Oth

er n

onta

x re

venu

e--

--0.

20.

33.

21.

90.

61.

42.

21.

00.

00.

0

Tota

l rec

urre

nt r

even

ue79

.990

.610

4.6

116.

014

8.2

148.

316

2.2

141.

914

3.6

149.

114

7.8

147.

1

2001

/02

2002

/03

2003

/04

2004

/05

2005

/06

2006

/07

2007

/08

2008

/09

(P)

2009

/10

(P)

2010

/11

(P)

Exp

endi

ture

by

func

tion

/ min

istr

y

Edu

catio

n15

.517

.216

.416

.822

.522

.722

.524

.226

.631

.9

Hea

lth10

.510

.911

.813

.517

.120

.019

.220

.922

.522

.4

Agr

icul

ture

, for

estr

y, fi

shin

g3.

23.

33.

54.

75.

25.

35.

15.

75.

55.

7

Law

and

ord

er8.

38.

38.

710

.114

.415

.216

.520

.818

.016

.3

Pol

ice

3.9

4.0

4.2

5.4

7.3

8.1

8.4

10.9

9.9

9.1

Def

ence

4.3

4.3

4.4

4.7

7.1

7.1

8.1

9.9

8.1

7.2

Tran

spor

t and

wor

ks

4.4

4.6

4.5

4.6

4.5

3.2

4.3

8.5

3.3

10.0

Pub

lic d

ebt

6.6

9.7

20.3

16.1

12.5

15.7

14.8

16.9

17.2

22.8

Fina

ncia

l con

trib

utio

ns8.

29.

86.

66.

011

.18.

49.

841

.019

.118

.1

Oth

er34

.238

.339

.038

.268

.562

.056

.169

.254

.249

.9

Prim

e M

inis

ter's

Offi

ce3.

13.

44.

03.

84.

94.

98.

39.

08.

36.

3

Legi

slat

ive

Ass

embl

y2.

02.

22.

02.

43.

12.

93.

94.

74.

03.

8

Fore

ign

Affa

irs4.

94.

95.

54.

94.

96.

76.

814

.210

.611

.0

Oth

er fu

nctio

ns /

min

istri

es24

.227

.927

.527

.155

.647

.537

.141

.331

.328

.8

Tota

l rec

urre

nt e

xpen

ditu

re90

.910

2.1

110.

811

0.1

155.

815

2.5

148.

316

6.9

183.

824

9.9

Rec

urre

nt b

udge

t (su

rplu

s +

/ def

icit

-)-1

1.0

-11.

5-6

.25.

9-7

.6-4

.213

.9-2

5.0

-40.

2-1

00.8

Sou

rce:

Min

istry

of F

inan

ce A

nnua

l Rep

ort a

nd B

udge

t Doc

umen

ts.

S25

Tab

le E

1:

GO

VE

RN

ME

NT

RE

VE

NU

E A

ND

EX

PE

ND

ITU

RE

(Mill

ions

of p

a'an

ga)1

/

(P)

Bud

get

Page 31: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S26

End Total Domestic Debt External Debt

of : govt. Total Bank Bonds Totaldebt loans on estimated

issue

1997/98 95.8 15.4 2.5 12.9 80.4

1998/99 105.3 13.4 2.4 11.0 91.9

1999/00 109.3 13.9 -- 13.9 95.4

2000/01 131.8 18.9 -- 18.9 112.9

2001/02 156.3 21.9 1.0 20.9 134.4

2002/03 178.8 32.2 6.0 26.2 146.6

2003/04 184.1 31.4 5.1 26.2 152.7

2004/05 178.4 28.8 3.4 25.4 149.6

2005/06 192.9 27.3 2.4 24.9 165.6

2006/07 187.1 25.7 1.00 24.7 161.4

2007/08 180.4 22.5 1.00 21.5 157.9

2008/09 224.9 22.5 1.00 21.5 202.4

2009/10 258.3 29.5 0.00 29.5 228.8

2010/11 304.3 29.5 0.00 29.5 274.9

2011/12 352.1 29.5 0.00 29.5 322.6

Source: Ministry of Finance

End Total Statutory Boards Other

of : govt. Tonga Tonga Other Tongaloans Electric Telecom. 1/ Development

Power Bank

1996/97 25.9 9.6 0.6 0.3 15.31997/98 25.1 8.9 0.4 1.6 14.31998/99 27.8 8.7 2.3 4.0 12.91999/00 29.1 8.8 2.2 3.9 14.22000/01 27.4 8.8 2.6 3.9 12.12001/02 30.7 9.1 2.8 8.2 10.62002/03 35.6 9.1 3.0 14.2 9.32003/04 37.0 10.2 2.9 15.1 8.82004/05 35.1 10.1 2.7 14.9 7.52005/06 27.0 2.3 2.7 15.3 6.72006/07 26.0 2.3 2.4 15.2 6.22007/08 25.1 0.0 2.0 17.9 5.22008/09 22.3 0.0 2.0 15.6 4.72009/10 23.0 0.0 1.6 17.1 4.32010/11 40.8 0.0 1.3 35.7 3.82011/12 63.9 0.0 1.1 59.5 3.3

Source: Ministry of FinanceSee Notes to Statistical Tables

Table E2: GOVERNMENT OF TONGA: NATIONAL DEBT OUTSTANDING (Millions of pa'anga)

Table E3: GOVERNMENT OF TONGA: DOMESTIC LOANS OUTSTANDING (Millions of pa'anga)

Page 32: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S27

Endof:

2007/082008/092009/102010/112011/122006

Q42007

Q1Q2Q3Q4

2008Q1Q2Q3Q4

2009Q1Q2Q3Q4

2010Q1Q2Q3Q4

2011Q1Q2Q3OctNovDec

2012JanFebMarApr

MayJunJul

AugSep

Source: National ResSee Notes to Statistica

Total Ratio ofReserve Holdings NRBT foreign official official foreignposition of SDRs exchange foreign reserves toin IMF holdings reserves imports 2/(T$m) (T$m) (T$m) (T$m) (Months)

5.2 1.4 82.6 89.1 3.55.3 1.5 129.4 136.3 5.34.9 20.3 145.2 170.5 7.24.6 19.1 180.1 203.8 7.74.5 18.7 222.8 246.1 8.2

5.1 1.0 78.0 84.2 4.3

5.1 1.1 84.2 90.4 4.55.0 1.1 85.5 91.6 4.45.2 1.2 98.4 104.8 4.85.2 1.2 108.2 114.6 4.9

5.2 1.3 89.8 96.3 4.15.2 1.4 82.6 89.1 3.55.3 1.4 121.8 128.5 4.85.7 1.6 116.7 123.9 4.6

5.5 1.6 123.5 130.6 4.95.3 1.5 129.4 136.3 5.35.2 21.4 136.8 163.3 6.85.1 21.0 134.3 160.4 6.6

5.0 20.6 129.9 155.5 6.54.9 20.3 145.2 170.5 7.25.0 20.7 147.0 172.7 7.14.8 19.7 153.0 177.5 7.1

4.9 20.1 132.1 157.1 6.14.6 19.1 180.1 203.8 7.74.6 19.1 184.4 208.1 7.84.5 18.7 190.7 213.9 8.04.6 19.1 189.2 212.9 7.84.5 18.7 202.8 226.0 8.2

4.5 18.4 206.6 229.5 8.24.4 18.4 207.8 230.6 8.04.5 18.7 216.0 239.2 8.24.5 18.7 217.1 240.3 8.14.6 19.1 221.3 245.0 8.24.5 18.7 222.8 246.1 8.24.4 18.3 228.3 251.1 8.34.5 18.7 229.5 252.7 8.24.5 18.6 224.8 247.9 8.1

serve Bank of Tongaal Tables

Official Foreign Reserves

Table F1: GROSS OFFICIAL FOREIGN RESERVES 1/(In units as specified)

Page 33: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Durin

g:20

09/10

2010

/1120

11/12

2010

Q4Q1

Q2Q3

Q4Q1

Q2Q3

Q4Q1

Q2Q3

Q4Q1

Q2Q3

A. M

erch

andis

e tra

de ba

lance

-196.6

-218.3

-213.3

-77.7

-48.3

-48.4

-45.9

-51.5

-50.5

-48.7

-62.6

-47.2

-60.4

-48.1

-60.9

-59.5

-44.3

-48.6

-49.3

E

xport

s, f.o

.b.11

.411

.27.9

2.9

2.73.1

3.83.5

0.83.3

2.62.1

1.35.3

1.5

3.1

1.71.6

1.7

Impo

rts, f.

o.b.

208.0

229.6

221.2

80.6

51.1

51.5

49.7

55.0

51.3

52.0

65.2

49.3

61.7

53.4

62.4

62.6

46.0

50.2

51.0

B. S

ervic

es ba

lance

-7.9

4.9-2.

53.6

-2.9

-4.0

-0.0

-5.7

-3.6

1.46.5

-1.5

-2.8

2.80.1

-0.5

-1.7

-0.4

7.6

Rec

eipts

71.8

89.0

95.2

23.6

18.3

16.0

20.9

17.6

14.8

18.5

24.1

22.9

18.7

23.4

24.6

22.0

22.5

26.1

31.3

P

ayme

nts79

.884

.097

.7 19

.9 21

.220

.020

.923

.318

.417

.117

.624

.421

.520

.6 24

.5 22

.524

.226

.523

.7

C. In

vestm

ent in

come

balan

ce5.3

4.910

.12.8

2.42.9

0.1-0.

04.3

0.9-0.

11.6

1.22.2

1.61.8

2.64.1

-1.0

R

eceip

ts14

.713

.123

.8 3.

93.3

3.63.2

2.75.8

2.93.3

2.93.5

3.3 3.

2 3.

16.0

5.53.6

P

ayme

nts9.4

8.211

.1 1.

10.8

0.73.1

2.81.5

2.03.5

1.32.3

1.1 1.

6 1.

33.4

1.44.6

D. T

rans

fers b

alanc

e14

6.714

3.914

9.644

.631

.536

.256

.737

.930

.441

.836

.240

.327

.440

.142

.846

.136

.624

.123

.5

Rec

eipts

163.1

154.8

158.6

49.5

36.4

40.2

60.8

43.3

33.8

45.4

38.6

42.7

30.9

42.5

44.5

48.1

38.6

27.5

27.0

Priva

te 15

7.414

6.511

3.148

.836

.339

.937

.442

.833

.244

.138

.342

.529

.736

.031

.333

.022

.226

.726

.9

Of

ficial

5.7

8.345

.50.7

0.10.3

23.4

0.50.6

1.30.3

0.21.3

6.513

.215

.116

.40.7

0.1

Pay

ment

s16

.510

.99.0

4.94.9

4.04.1

5.43.3

3.62.5

2.43.6

2.41.7

2.02.0

3.33.5

Priva

te 12

.78.8

7.54.2

4.64.0

3.83.7

2.62.5

1.72.1

3.41.6

1.51.9

1.92.2

2.8

Of

ficial

3.82.1

1.50.7

0.30.0

0.31.7

0.71.1

0.80.4

0.20.8

0.20.1

0.11.1

0.7

E. C

urre

nt ac

coun

t bala

nce (

A+B+

C+D)

-52.6

-64.5

-56.1

-26.7

-17.3

-13.3

10.9

-19.3

-19.3

-4.7

-20.1

-6.8

-34.7

-2.9

-16.4

-12.1

-6.8

-20.7

-19.2

F. C

apita

l acc

ount

balan

ce58

.011

8.989

.311

.920

.26.7

6.05.5

7.219

.217

.325

.413

.363

.215

.533

.010

.030

.817

.7

Offi

cial c

apita

l28

.663

.556

.80.3

3.51.7

1.41.3

2.43.3

7.414

.78.5

33.1

9.025

.55.0

17.4

11.7

Inflow

s43

.073

.163

.31.7

3.82.8

1.92.9

13.4

4.68.4

20.3

9.567

.111

.626

.85.5

19.4

12.2

Outflo

ws14

.49.6

6.51.4

0.31.1

0.51.6

11.0

1.31.1

5.61.0

34.0

2.61.3

0.52.1

0.5

P

rivate

capit

al29

.455

.432

.511

.616

.75.0

4.64.2

4.815

.810

.010

.74.8

30.0

6.57.5

5.013

.56.0

Inflow

s38

.077

.745

.012

.919

.17.4

7.37.0

6.117

.510

.712

.812

.541

.711

.69.9

6.816

.710

.4

Ou

tflows

8.622

.312

.51.3

2.42.4

2.72.8

1.31.7

0.72.2

7.811

.75.1

2.41.8

3.24.4

G. O

ther

items

, net

28.8

-21.1

9.410

.23.9

12.2

10.2

10.8

7.30.5

5.0-13

.81.0

-13.6

5.2-2.

910

.4-3.

33.3

H. O

vera

ll bala

nce (

E+F+

G) 2/

34.2

33.3

42.3

-4.6

6.75.7

27.1

-3.0

-4.9

15.0

2.24.8

-20.4

46.6

4.318

.013

.26.9

1.8

Sourc

e: N

ation

al Re

serve

Ban

k of T

onga

S28

See N

otes t

o Stat

istica

l Tab

les

2012

Table

F2: B

ALAN

CE O

F PAY

MENT

S (O

ET - B

asis)

2011

2009

2008

(Milli

ons o

f pa'a

nga)

1/

Page 34: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S29 Table F3: PRINCIPAL EXPORTS & RE-EXPORTS: VALUE F.O.B

(Millions of pa'anga)

Total exports Root Other Manu- OtherDuring: & re-exports Fish crops Squash Vanilla agricultural factured exports &

(f.o.b.) 1/ 2/ product 3/ goods re-exports

2006/07 21.2 8.4 2.9 5.6 0.2 2.0 1.9 0.02007/08 15.1 5.9 2.8 0.0 0.1 1.2 3.9 1.22008/09 15.1 4.2 3.1 -- 0.0 3.6 3.8 0.32009/10 15.3 9.9 1.2 0.5 0.4 1.9 1.4 0.12010/11 19.9 9.9 1.3 0.7 0.7 5.4 1.8 0.2

2004Q1 3.4 2.3 0.3 -- -- 0.4 0.4 0.0Q2 4.6 1.2 0.6 -- 0.0 2.4 0.4 0.0Q3 4.8 2.1 0.9 -- 0.6 0.4 0.7 0.0Q4 16.6 5.9 0.9 8.1 0.2 0.5 0.9 0.0

2005Q1 2.9 1.2 0.3 -- 0.2 0.2 0.9 0.0Q2 2.9 1.8 0.5 -- 0.1 0.1 0.4 0.0Q3 2.5 1.6 0.4 -- -- 0.1 0.3 0.0Q4 11.2 2.0 0.3 8.3 0.1 0.1 0.3 0.0

2006Q1 2.3 1.5 0.2 -- -- 0.2 0.4 0.0Q2 2.5 1.4 0.5 -- -- 0.2 0.4 0.0Q3 5.4 4.0 0.3 -- 0.0 0.5 0.6 0.0Q4 8.9 1.9 0.2 5.6 0.0 0.5 0.6 0.0

2007Q1 2.4 1.1 0.4 -- 0.2 0.5 0.3 0.0Q2 4.5 1.4 2.1 -- -- 0.5 0.5 0.0Q3 3.0 1.4 0.6 0.0 -- 0.4 0.5 0.0Q4 4.0 1.8 0.6 -- 0.1 0.4 0.6 0.6

2008

Q1 2.6 1.2 0.5 -- 0.0 0.1 0.5 0.3Q2 5.4 1.5 1.0 -- -- 0.2 2.3 0.4Q3 4.2 1.2 0.8 -- -- 0.2 1.7 0.2Q4 5.9 1.6 1.0 -- 0.0 2.6 0.6 0.1

2009Q1 2.9 0.6 0.6 -- -- 0.5 1.3 0.0Q2 2.1 0.8 0.7 -- -- 0.4 0.3 0.0Q3 4.7 3.6 0.4 0.0 0.0 0.3 0.3 0.0Q4 5.8 3.7 0.4 0.5 0.4 0.5 0.3 0.0

2010Q1 2.7 1.6 0.2 -- 0.0 0.6 0.4 0.0Q2 2.0 0.9 0.2 -- 0.0 0.5 0.4 0.0Q3 4.8 3.6 0.3 -- 0.0 0.5 0.3 0.0Q4 6.1 4.1 0.2 0.6 0.2 0.4 0.4 0.1

2011Q1 2.1 0.8 0.3 -- 0.0 0.3 0.6 0.0Q2 7.0 1.4 0.4 0.0 0.5 4.1 0.5 0.1Q3 5.6 1.8 0.5 -- -- 1.9 0.5 0.9Q4 10.6 4.1 1.1 2.0 0.1 1.2 2.0 0.1

Source: Statistics Department See Notes to Statistical Tables

Page 35: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Durin

g:200

8/09

2009/1

0201

0/11

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Fish

1/ Va

lue (m

illions

of pa'a

nga)

4.210.

89.9

1.41.8

1.21.5

1.21.6

0.60.8

3.63.7

1.60.9

3.64.1

0.81.4

1.84.1

Volum

e (metri

c tonne

s)413

293751

408384

24823

24381

3554

14032

5665

221216

125188

70254

Unit

value

(pa'an

ga/ton

ne)10,

08136,

81913,

1443,4

724,6

004,9

0264,

4105,0

0320,

06215,

82614,

24725,

865118

,042

27,765

14,288

16,064

18,992

6,511

7,406

25,355

16,231

Root c

rops

2/ Va

lue (m

illions

of pa'a

nga)

3.11.3

1.30.6

0.60.5

1.00.8

1.00.6

0.70.4

0.40.2

0.20.3

0.20.3

0.40.5

1.1 Vo

lume (m

etric to

nnes)

2,918

1,165

1,826

489791

397851

789762

665703

368386

177234

561350

316599

4301,3

34 U

nit val

ue (pa

'anga/

tonne)

1,070

1,074

2,830

1,261

7701,3

601,2

27980

1,322

970992

1,105

1,039

1,077

817568

617948

6981,1

63825

Squas

h Va

lue (m

illions

of pa'a

nga)

0.00.5

0.70.0

----

----

----

--0.0

0.50.0

0.00.0

0.60.0

0.00.0

2.0 Vo

lume (m

etric to

nnes)

--503

846--

----

----

----

----

502--

----

807--

39.0

--3,2

30 U

nit val

ue (pa

'anga/

tonne)

--903

802--

----

----

----

----

----

----

----

----

622

Vanilla

Value

(millio

ns of p

a'anga

)0.0

0.40.7

--0.1

0.0--

--0.0

----

0.00.4

0.00.0

0.00.2

0.00.5

0.00.1

Volum

e (metri

c tonne

s)1.7

13.0

25.3

--2.1

1.3--

--1.7

----

1.011.

90.0

0.00.7

5.40.0

19.1

--1.0

Unit

value

(pa'an

ga/kilo

)3.5

32.1

110--

49.7

28.3

----

3.5--

--40.

031.

525.

07.3

22.4

36.5

26.5

25.0

--59.

0

Kava

Value

(millio

ns of p

a'anga

)0.8

1.00.6

0.10.1

0.00.1

0.10.3

0.20.2

0.20.2

0.30.2

0.30.1

0.10.1

0.40.4

Volum

e (metri

c tonne

s)42

4754

0.07.3

0.03.5

9.112.

911.

18.7

8.111.

015.

712.

228.

85.0

5.514.

319.

028.

9 U

nit val

ue (pa

'anga/

kilo)

1922

61--

14.1

--22.

415.

521.

020.

220.

020.

222.

720.

612.

38.9

24.0

17.7

10.4

20.1

12.3

Source

: Stati

stics D

epartm

entSee

Notes

to Sta

tistica

l Table

s

2008

2007

2009

S30

02011

Ta

ble F4

. SELE

CTED

EXPO

RTS &

RE-EX

PORT

S VAL

UES, V

OLUM

ES, A

ND UN

IT VAL

UES

(In uni

ts as s

pecifie

d)201

0

Page 36: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S31Table F5: DIRECTION OF TRADE: EXPORTS & RE-EXPORTS F.O.B.

(Millions of pa'anga)

Total exports To To To To To ToDuring: & re-exports Australia Fiji Japan New Zealand U.S.A. other

(f.o.b.) 1/ countries 2/2006/07 21.3 1.3 0.1 7.5 4.3 2.6 5.42007/08 18.0 0.9 0.2 2.2 6.0 3.0 5.62008/09 15.2 1.8 0.1 2.0 5.5 2.6 3.22009/10 15.3 0.7 0.0 0.5 3.3 2.6 8.32010/11 19.9 0.6 0.3 2.9 3.3 2.7 10.2

2004Q1 3.4 0.1 0.0 0.0 0.6 1.1 1.6Q2 4.7 0.2 0.0 0.2 0.6 0.8 2.8Q3 4.9 0.2 0.0 0.9 1.1 1.3 1.4Q4 16.8 0.3 0.1 10.6 3.9 0.7 1.3

2005Q1 2.9 0.3 0.1 0.2 0.9 0.7 0.8Q2 2.9 0.2 0.0 0.6 0.6 0.5 1.1Q3 2.8 0.1 0.1 0.7 0.7 0.6 0.6Q4 11.2 0.1 0.0 8.8 0.5 0.4 1.4

2006Q1 2.4 0.1 0.0 0.4 0.5 0.4 0.9Q2 2.6 0.1 0.1 0.3 0.5 0.6 1.0Q3 5.4 0.2 0.1 3.1 0.4 0.5 1.1Q4 8.9 0.3 0.0 4.1 1.5 0.4 2.6

2007Q1 2.6 0.2 0.0 0.2 0.6 0.6 0.9Q2 4.5 0.6 0.0 0.1 1.8 1.0 0.8Q3 3.2 0.2 0.0 0.3 0.9 0.6 1.2Q4 6.5 0.2 0.0 1.4 2.6 0.9 1.4

2008Q1 2.7 0.1 0.1 0.3 0.8 0.7 0.7Q2 5.7 0.4 0.1 0.3 1.7 0.9 2.3Q3 4.0 0.2 0.0 0.2 1.8 0.7 1.0Q4 6.0 0.4 0.0 1.5 1.8 0.9 1.4

2009Q1 3.0 0.8 0.0 0.1 1.2 0.5 0.4Q2 2.1 0.4 0.0 0.1 0.8 0.5 0.3Q3 4.8 0.1 0.0 0.1 1.0 0.6 2.9Q4 5.9 0.2 0.0 0.3 1.0 0.7 3.6

2010Q1 2.7 0.2 0.0 0.0 0.6 0.7 1.2Q2 2.1 0.2 0.0 0.1 0.6 0.5 0.7Q3 4.7 0.1 0.1 0.0 0.6 0.8 3.2Q4 6.0 0.1 0.0 1.6 0.8 0.5 3.1

2011Q1 2.1 0.2 0.0 0.3 0.6 0.7 0.3Q2 7.0 0.2 0.2 1.0 1.4 0.7 3.5Q3 5.6 0.1 0.7 0.5 1.6 0.8 1.9Q4 10.6 1.8 0.1 3.3 3.1 0.6 1.7

Source: Statistics DepartmentSee Notes to Statistical Tables

Page 37: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S32

Tourist CruiseDuring: receipts ship Total From From From From From

(OET) arrivals Australia New Zealand U.S.A. other Pacific other(T$000) 1/ (No.) (No.) (No.) (No.) (No.) (No.) (No.)

2008/09 57,856 24,895 52,375 9,891 16,263 5,850 3,157 17,2142009/10 50,144 18,442 45,969 9,347 17,360 5,562 2,347 11,3532010/11 60,899 17,953 48,223 9,709 18,579 5,726 2,664 11,5452011/12 74,491 14,375 47,967 8,598 15,155 4,838 2,326 17,050

2006Q3 9,602 284 14,367 2,518 4,417 2,093 614 4,725Q4 4,819 1,389 12,838 2,568 3,785 1,512 445 4,528

2007Q1 3,639 4,312 4,826 937 1,455 568 289 1,577Q2 6,106 2,377 9,691 1,701 3,203 1,260 450 3,077Q3 10,838 -- 13,892 2,995 4,651 1,542 566 4,138Q4 11,923 2,101 16,075 3,019 4,768 1,669 830 5,789

2008Q1 11,403 4,232 8,946 1,680 2,705 997 514 3,050Q2 7,402 4,275 12,384 2,252 3,532 1,478 739 4,383Q3 18,887 2,930 15,983 3,077 4,845 1,804 988 5,269Q4 14,228 3,162 14,977 2,726 4,772 1,404 926 5,149

2009Q1 13,080 9,285 9,187 1,760 2,858 1,129 565 2,875Q2 11,661 9,518 12,228 2,328 3,788 1,513 678 3,921Q3 14,351 5,506 13,235 2,812 4,475 1,515 560 3,873Q4 12,172 3,332 12,378 2,470 3,929 1,268 467 4,244

2010Q1 11,446 1,499 8,685 1,737 4,039 1,045 522 1,342Q2 12,175 8,105 11,671 2,328 4,917 1,734 798 1,894Q3 18,399 5,275 14,364 3,188 6,230 1,671 646 2,629Q4 16,277 1,386 14,020 3,139 6,444 1,922 868 1,647

2011Q1 12,693 8,254 7,655 1,332 2,364 817 543 2,599Q2 13,530 3,038 12,184 2,050 3,541 1,316 607 4,670Q3 16,113 2,376 14,227 2,847 4,606 1,563 607 4,604Oct 5,514 4,387 3,412 568 1,103 305 160 1,276Nov 4,276 -- 3,108 500 991 234 159 1,224Dec 3,875 2,464 7,268 1,364 2,341 602 201 2,760

2012

Jan 4,279 -- 3,043 630 1,027 265 187 934Feb 4,830 1,220 2,245 358 659 248 230 750Mar 4,737 865 2,644 420 772 314 167 971Apr 5,386 3,063 3,066 563 927 353 187 1,036

May 6,273 -- 3,799 577 1,020 391 220 1,591Jun 6,377 -- 5,155 771 1,709 563 208 1,904Jul 8,371 -- 6,024 1,297 2,778 965 211 773

Aug 4,458 -- 4,540 1,021 1,966 489 280 784Sep 4,363 -- 4,507 1,217 1,778 526 164 822

Source: Statistics Department and NRBTSee Notes to Statistical Tables

Table F6: TOURIST STATISTICS(Numbers of people, or thousands of pa'anga, as indicated)

Air & Yacht arrivals 2/

Page 38: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S33Table F7: PRINCIPAL IMPORTS: VALUE C.I.F.

(Millions of pa'anga)

Total Food, animal Fuels, Crude Manufac. Machinery, During: imports and vegetable minerals materials, goods transport

c.i.f. products, and inedible by and servicebeverages, etc. chemicals materials equipment

2006/07 251.6 76.9 81.9 17.0 20.4 37.0 18.52007/08 307.0 88.1 98.7 19.7 22.9 57.4 20.32008/09 309.3 92.7 98.3 18.9 22.7 57.0 19.82009/10 285.8 96.4 83.5 16.5 22.8 57.7 8.92010/11 317.6 91.0 100.9 21.8 37.4 59.9 6.7

2004Q1 43.8 14.0 11.7 3.1 3.7 6.6 4.7Q2 48.5 16.1 13.2 2.9 4.0 7.6 4.8Q3 49.1 13.8 14.2 3.8 3.8 8.8 4.7Q4 65.0 17.7 15.3 4.8 6.3 14.9 6.0

2005Q1 54.5 13.7 14.8 3.4 4.2 12.5 5.9Q2 56.2 16.7 17.3 3.8 5.2 8.1 5.1Q3 54.1 14.5 16.6 4.8 4.5 6.6 7.1Q4 69.8 20.7 20.0 6.5 6.7 9.5 6.5

2006Q1 58.6 14.5 21.6 4.0 4.1 7.0 7.5Q2 50.2 16.3 15.6 3.6 4.0 7.0 3.7Q3 63.5 19.4 24.2 3.8 4.2 7.7 4.0Q4 63.4 19.7 17.3 5.6 5.5 10.1 5.3

2007Q1 63.1 16.7 20.8 4.1 6.2 9.9 5.4Q2 61.6 21.1 19.6 3.4 4.4 9.3 3.7Q3 76.6 21.1 25.7 4.5 6.4 13.3 5.6Q4 79.7 24.7 24.5 5.7 5.8 12.2 6.8

2008Q1 67.0 18.4 20.6 4.1 4.7 14.8 4.4Q2 83.8 24.0 27.8 5.3 6.1 17.1 3.5Q3 93.4 23.8 36.4 4.3 7.3 17.3 4.4Q4 80.3 25.9 23.5 6.0 6.4 13.5 5.0

2009Q1 65.1 18.9 21.2 4.7 3.3 11.3 5.7Q2 70.6 24.1 17.1 3.8 5.7 15.0 4.8Q3 74.4 25.3 21.6 3.6 5.5 16.3 2.1Q4 81.9 30.8 21.4 5.6 6.7 14.4 3.1

2010Q1 60.4 18.6 22.0 3.8 4.9 8.7 2.3Q2 69.1 21.7 18.5 3.5 5.6 18.3 1.5Q3 80.6 23.0 26.6 5.0 7.0 16.6 2.3Q4 91.7 25.0 24.1 8.4 13.7 18.4 2.0

2011Q1 67.9 17.1 21.2 4.9 10.1 13.6 1.1Q2 77.4 25.8 28.9 3.5 6.7 11.3 1.2Q3 82.5 25.8 26.8 5.1 7.8 15.1 1.9Q4 104.4 30.6 30.4 7.5 13.0 20.1 2.8

Source: Statistics Department

Miscellaneous

Page 39: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S34Table F8: IMPORTS BY INSTITUTIONAL SECTOR

(Millions of pa'anga)

During: Total Private sector Government sector Quasi-qovt. sectorimports Total Aid Other Total Aid Other Total Aid Other

c.i.f. 1/ 1/ 1/

2006/07 251.6 231.3 0.1 231.2 11.2 3.6 7.5 9.2 0.0 9.12007/08 307.0 291.8 0.2 291.6 12.5 3.1 9.4 2.8 0.0 2.82008/09 309.3 294.3 0.0 294.3 11.1 2.0 9.2 3.9 0.0 3.92009/10 285.8 277.5 0.1 277.4 5.1 1.2 4.0 3.1 0.0 3.12010/11 317.6 298.0 0.0 298.0 9.2 2.0 7.3 10.4 0.0 10.4

2004Q1 43.8 38.6 0.0 38.6 4.2 0.9 3.3 0.9 0.0 0.9Q2 48.5 45.0 0.0 45.0 3.1 0.9 2.2 0.5 0.0 0.5Q3 49.1 44.4 0.0 44.3 3.3 1.0 2.2 1.4 0.0 1.4Q4 65.0 60.6 0.0 60.6 2.8 0.7 2.2 1.5 0.1 1.4

2005Q1 54.5 47.9 0.0 47.9 5.0 2.2 2.8 1.6 0.0 1.6Q2 56.2 51.5 0.1 51.5 4.0 1.9 2.1 0.7 0.0 0.7Q3 54.1 48.2 0.0 48.2 5.2 3.1 2.1 0.7 0.0 0.7Q4 69.8 63.3 0.0 63.3 5.0 3.3 1.7 1.6 0.0 1.6

2006Q1 58.6 51.5 0.0 51.5 5.7 1.1 4.6 1.5 0.1 1.4Q2 50.2 47.4 0.0 47.4 1.6 0.5 1.1 1.2 0.0 1.2Q3 63.5 60.4 0.0 60.4 2.1 0.6 1.5 1.0 0.0 1.0Q4 63.4 57.1 0.0 57.1 2.9 1.4 1.5 3.4 0.0 3.4

2007Q1 63.1 56.7 0.1 56.7 3.1 0.1 3.0 3.3 0.0 3.2Q2 61.6 57.1 0.0 57.0 3.1 1.6 1.5 1.5 0.0 1.5Q3 76.6 71.0 0.0 71.0 4.9 2.3 2.6 0.7 0.0 0.7Q4 79.7 75.0 0.2 74.8 3.9 0.5 3.4 0.8 0.0 0.8

2008Q1 67.0 64.7 0.0 64.7 2.0 0.0 1.9 0.3 0.0 0.3Q2 83.8 81.0 0.0 81.0 1.7 0.3 1.4 1.0 0.0 1.0Q3 93.4 89.3 0.0 89.3 2.5 0.0 2.5 1.6 0.0 1.6Q4 80.3 77.6 0.0 77.6 2.5 0.0 2.5 0.2 0.0 0.2

2009Q1 65.1 58.9 0.0 58.9 4.3 1.9 2.4 1.9 0.0 1.9Q2 70.6 68.6 0.0 68.5 1.8 0.0 1.8 0.2 0.0 0.2Q3 74.4 73.6 0.0 73.6 0.8 0.1 0.7 0.0 0.0 0.0Q4 81.9 81.3 0.0 81.3 0.6 0.0 0.6 0.0 0.0 0.0

2010Q1 60.4 58.1 0.1 58.0 1.4 0.1 1.2 0.9 0.0 0.9Q2 69.1 64.6 0.0 64.6 2.3 1.0 1.4 2.2 0.0 2.2Q3 80.6 75.6 0.0 75.6 2.5 0.2 2.3 2.5 0.0 2.5Q4 91.7 86.5 0.0 86.5 2.0 1.2 0.9 3.1 0.0 3.1

2011Q1 67.9 62.6 0.0 62.6 2.3 0.0 2.3 3.1 0.0 3.1Q2 77.4 73.2 0.0 73.2 2.4 0.6 1.8 1.8 0.0 1.8Q3 82.5 76.0 0.0 76.0 3.9 0.5 3.5 2.5 0.0 2.5Q4 104.4 90.3 0.0 90.2 7.6 0.0 7.6 6.5 0.0 6.5

Source: Statistics DepartmentSee Notes to Statistical Tables

Page 40: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S35Table F9: IMPORTS BY END USE

(Millions of pa'anga)

During: Total Consumer Intermediate goods Capital Other importsimports goods Total Fuels/ Other goods Total Motor Passenger Other

c.i.f. lubricants spirit Cars n.e.s.

2006/07 251.6 96.0 61.4 1.6 59.8 11.4 82.7 62.7 7.7 12.32007/08 307.0 109.5 81.2 2.3 78.9 19.0 97.4 72.6 10.9 14.02008/09 309.3 115.5 71.7 1.2 70.5 21.8 100.4 75.9 9.5 15.02009/10 285.8 112.3 77.9 0.5 77.5 22.4 73.0 60.6 8.2 4.22010/11 317.6 115.3 91.6 0.2 91.4 28.9 81.8 74.5 6.1 1.2

2004Q1 43.8 15.3 11.3 0.5 10.8 1.9 15.3 8.6 2.7 4.0Q2 48.5 17.5 12.8 0.4 12.4 4.6 13.6 8.6 1.1 3.9Q3 49.1 18.1 15.5 0.6 14.9 2.5 12.9 8.2 1.3 3.4Q4 65.0 30.2 16.4 0.6 15.8 3.2 15.2 10.7 1.6 2.8

2005Q1 54.5 17.8 13.4 0.4 13.0 6.1 17.2 10.7 1.7 4.8Q2 56.2 20.1 16.5 0.7 15.8 3.1 16.5 10.9 1.5 4.1Q3 54.1 17.3 15.6 0.5 15.1 2.5 18.7 12.1 1.2 5.4Q4 69.8 26.0 17.1 0.9 16.2 4.3 22.5 14.9 2.1 5.5

2006Q1 58.6 17.4 13.9 0.6 13.3 2.9 24.5 16.9 1.0 6.5Q2 50.2 19.2 13.1 0.0 13.1 2.4 15.6 11.6 1.3 2.7Q3 63.5 22.4 15.5 0.6 14.9 1.9 23.6 19.4 1.9 2.4Q4 63.4 25.6 17.0 0.2 16.8 2.7 18.1 12.5 2.3 3.3

2007Q1 63.1 22.0 15.7 0.3 15.4 3.7 21.7 16.4 1.7 3.7Q2 61.6 26.0 13.2 0.4 12.7 3.1 19.3 14.5 1.8 3.0Q3 76.6 28.0 19.9 0.8 19.2 3.3 25.3 18.7 3.0 3.7Q4 79.7 30.1 18.2 0.4 17.8 4.9 26.5 19.0 2.7 4.8

2008Q1 67.0 22.2 18.4 0.6 17.7 5.0 21.4 13.9 4.0 3.5Q2 83.8 29.1 24.7 0.5 24.1 5.8 24.2 21.0 1.3 1.9Q3 93.4 32.4 18.9 0.1 18.8 6.3 35.9 30.9 2.0 3.0Q4 80.3 31.9 20.0 0.2 19.8 6.2 22.2 17.0 1.8 3.3

2009Q1 65.1 23.7 14.7 0.3 14.4 3.8 22.8 16.0 1.9 4.9Q2 70.6 27.5 18.0 0.6 17.4 5.5 19.6 12.0 3.7 3.8Q3 74.4 28.4 18.9 0.2 18.7 7.4 19.7 15.3 2.9 1.4Q4 81.9 35.0 22.2 0.1 22.1 5.2 19.5 14.8 2.9 1.9

2010Q1 60.4 23.3 15.5 0.0 15.5 3.6 18.0 16.7 0.9 0.4Q2 69.1 25.7 21.4 0.1 21.2 6.2 15.8 13.8 1.5 0.6Q3 80.6 29.6 20.2 0.0 20.1 7.7 23.1 20.6 1.5 0.9Q4 91.7 33.6 30.6 0.1 30.5 8.2 19.3 17.3 2.0 0.0

2011Q1 67.9 23.1 21.3 0.1 21.2 7.9 15.6 14.5 1.1 0.0Q2 77.4 28.9 19.6 0.0 19.6 5.0 23.9 22.2 1.5 0.2Q3 82.5 31.4 23.0 0.1 22.9 6.0 22.1 20.0 1.6 0.6Q4 104.4 38.4 32.1 0.1 32.0 11.7 22.2 20.1 2.0 0.1

Source: Statistics Department

Page 41: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Durin

g:200

8/09

2009/1

0201

0/11

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Q1Q2

Q3Q4

Fish

1/ V

alue (m

illions

of pa'a

nga)

4.210.

89.9

1.41.8

1.21.5

1.21.6

0.60.8

3.63.7

1.60.9

3.64.1

0.81.4

1.84.1

Volu

me (m

etric to

nnes)

413293

751408

384248

23243

8135

54140

3256

65221

216125

18870

254 U

nit val

ue (pa

'anga/

tonne)

10,081

36,819

13,144

3,472

4,600

4,902

64,410

5,003

20,062

15,826

14,247

25,865

118,04

227,

76514,

28816,

06418,

9926,5

117,4

0625,

35516,

231

Root

crops

2/

Valu

e (millio

ns of p

a'anga

)3.1

1.31.3

0.60.6

0.51.0

0.81.0

0.60.7

0.40.4

0.20.2

0.30.2

0.30.4

0.51.1

Volu

me (m

etric to

nnes)

2,918

1,165

1,826

489791

397851

789762

665703

368386

177234

561350

316599

4301,3

34 U

nit val

ue (pa

'anga/

tonne)

1,070

1,074

2,830

1,261

7701,3

601,2

27980

1,322

970992

1,105

1,039

1,077

817568

617948

6981,1

63825

Squas

h V

alue (m

illions

of pa'a

nga)

0.00.5

0.70.0

----

----

----

--0.0

0.50.0

0.00.0

0.60.0

0.00.0

2.0 V

olume

(metri

c tonne

s)--

503846

----

----

----

----

--502

----

--807

--39

--3,2

30 U

nit val

ue (pa

'anga/

tonne)

--903

802--

----

----

----

----

----

----

----

----

622

Vanill

a V

alue (m

illions

of pa'a

nga)

0.00.4

0.7--

0.10.0

----

0.0--

--0.0

0.40.0

0.00.0

0.20.0

0.50.0

0.1 V

olume

(metri

c tonne

s)1.7

13.0

25.3

--2.1

1.3--

--1.7

----

1.011.

90.0

0.00.7

5.40.0

19.1

--1.0

Unit

value

(pa'an

ga/kilo

)3.5

32.1

110--

49.7

28.3

----

3.5--

--40.

031.

525.

07.3

22.4

36.5

26.5

25.0

--59

Kava

Valu

e (millio

ns of p

a'anga

)0.8

1.00.6

0.10.1

0.00.1

0.10.3

0.20.2

0.20.2

0.30.2

0.30.1

0.10.1

0.40.4

Volu

me (m

etric to

nnes)

41.8

47.0

53.6

0.07.3

0.03.5

9.112.

911.

18.7

8.111.

015.

712.

228.

85.0

5.514.

319.

028.

9 U

nit val

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kilo)

19.4

22.1

61.0

--14.

1--

22.4

15.5

21.0

20.2

20.0

20.2

22.7

20.6

12.3

8.924.

017.

710.

420.

112.

3So

urce:

Statist

ics De

partme

ntSe

e Note

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s

2008

2007

2009

S30

2011

Ta

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units

as spe

cified)

2010

Page 42: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S37Table F11: DIRECTION OF TRADE: IMPORTS, C.I.F.

(Millions of pa'anga)

Total From From From From From FromDuring: imports Australia Fiji Japan New Zealand U.S.A other

(c.i.f) 1/ countries

2006/07 251.6 34.7 68.7 5.8 84.4 25.8 32.22007/08 300.0 27.9 32.6 8.4 100.1 26.3 104.72008/09 309.3 33.3 40.4 11.4 81.9 35.9 106.52009/10 285.8 32.7 31.0 6.8 88.7 41.3 85.22010/11 317.6 23.7 25.9 8.8 108.0 35.7 115.52004

Q1 43.8 9.9 9.2 0.9 16.9 3.5 3.3Q2 48.5 12.8 7.9 1.5 17.6 4.4 4.3Q3 49.1 10.4 6.2 1.6 19.7 5.0 6.2Q4 65.0 10.4 11.7 1.6 21.2 4.6 15.5

2005Q1 54.5 8.6 10.8 1.9 21.8 4.9 6.6Q2 56.2 10.6 10.5 1.5 22.3 4.8 6.5Q3 54.1 4.8 15.3 1.3 19.7 5.0 8.0Q4 69.8 9.3 15.2 2.8 25.9 6.3 10.4

2006Q1 58.6 6.5 16.1 3.2 18.8 5.1 8.9Q2 50.2 4.3 16.1 1.0 17.3 4.9 6.7Q3 63.5 9.1 20.6 1.3 18.9 6.1 7.5Q4 63.4 9.7 13.5 1.5 23.2 6.9 8.7

2007Q1 63.1 7.2 17.6 1.8 22.8 5.8 7.9Q2 61.6 8.7 17.0 1.3 19.5 7.0 8.2Q3 69.6 0.0 11.4 1.8 25.3 7.6 23.5Q4 79.7 10.0 7.6 2.4 27.2 7.9 24.6

2008Q1 67.0 7.5 6.1 3.6 22.9 4.3 22.6Q2 83.8 10.3 7.5 0.5 24.8 6.6 34.1Q3 93.4 8.4 7.2 3.0 21.5 11.9 41.5Q4 80.3 9.0 8.2 2.5 23.8 7.4 29.4

2009Q1 65.1 8.5 18.0 3.4 16.4 6.1 12.8Q2 70.6 7.5 7.1 2.5 20.2 10.5 22.7Q3 74.4 8.4 5.9 3.3 24.0 9.0 23.8Q4 81.9 9.1 6.8 1.3 28.3 12.1 24.2

2010Q1 60.4 6.7 11.8 0.8 16.1 6.9 18.0Q2 69.1 8.5 6.4 1.4 20.3 13.3 19.2Q3 80.6 5.9 7.2 1.1 26.2 8.7 31.5Q4 91.7 6.5 6.8 3.8 33.6 10.4 30.6

2010Q1 67.9 6.1 4.8 1.8 24.8 7.4 23.0Q2 77.4 5.2 7.0 2.1 23.4 9.3 30.4Q3 82.5 5.7 8.7 4.0 21.5 9.0 33.5Q4 104.4 4.7 8.8 8.5 30.8 14.2 37.4

Source: Statistics DepartmentSee Notes to Statistical Tables

Page 43: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S38Table F12: INTERNATIONAL COMMODITY PRICES: EXPORT GOODS

(Indexes: 2000 = 100)

In terms of U.S. dollars In terms of pa'anga

Averages Bananas Copra Palm oil Vanilla Bananas Copra Palm oil Vanilladuring: (Latin- (Philippines, (Malaysia, (Madagascar, (Latin- (Philippines, (Malaysia, (Madagas.,

America, European European New York America European European New YorkUS ports) ports) ports) ports) US ports) ports) ports) ports)

2007/08 183.4 263.4 363.8 … 347.5 497.9 688.5 …2008/09 200.0 185.8 242.9 … 418.3 383.2 501.7 …2009/10 197.6 174.0 274.2 … 382.0 336.4 529.8 …2010/11 226.4 366.7 399.2 … 415.3 668.7 730.0 …2011/12 230.8 309.0 387.7 … 335.0 453.8 565.6 …2004

Q3 132.7 144.1 150.9 … 263.0 285.8 299.1 …Q4 117.4 145.4 145.3 … 229.4 284.1 283.9 …

2005Q1 181.3 145.0 136.5 … 345.3 276.2 260.0 …Q2 134.8 145.6 142.4 … 257.6 278.3 272.2 …Q3 109.6 123.2 140.4 … 213.8 240.4 273.9 …Q4 120.7 123.0 143.9 … 242.0 246.5 288.6 …

2006Q1 187.6 124.1 147.0 … 385.1 254.7 301.8 …Q2 183.9 124.0 149.0 … 372.8 251.3 302.0 …Q3 132.3 129.6 160.2 … 267.2 261.7 323.7 …Q4 143.0 143.6 182.2 … 287.5 288.6 366.3 …

2007Q1 153.6 161.4 213.3 … 310.1 325.9 430.6 …Q2 167.2 194.0 272.5 … 330.0 382.9 537.9 …Q3 165.6 196.5 285.8 … 327.0 388.2 564.5 …Q4 154.9 233.3 338.3 … 298.4 449.6 651.9 …

2008Q1 197.2 295.7 414.0 … 365.6 548.4 767.7 …Q2 216.1 327.9 417.0 … 399.0 605.3 769.8 …Q3 184.2 264.3 317.2 … 353.7 507.8 609.3 …Q4 201.7 168.2 173.6 … 432.9 361.0 372.5 …

2009Q1 208.6 144.7 205.4 … 459.3 318.5 452.1 …Q2 205.4 165.9 275.3 … 427.5 345.4 573.0 …Q3 196.0 151.8 245.7 … 387.1 299.7 485.3 …Q4 193.3 158.8 260.2 … 365.4 300.2 492.0 …

2010Q1 190.7 180.2 292.3 … 364.0 344.0 558.0 …Q2 210.4 205.3 298.6 … 411.6 401.6 584.0 …Q3 218.5 249.8 303.0 … 422.3 482.9 585.7 …Q4 215.3 336.0 404.0 … 396.7 619.2 744.5 …

2011Q1 233.4 446.4 463.3 … 425.2 813.3 844.0 …Q2 238.5 434.4 426.7 … 416.9 759.3 745.8 …Q3 226.5 320.8 392.7 … 372.6 527.7 646.0 …Q4 226.0 296.9 366.2 … 388.3 510.2 629.3 …

2012Q1 223.3 312.4 390.8 … 377.7 528.3 660.9 …Q2 247.5 305.9 401.2 … 201.3 248.8 326.3 …

Source: International Financial Statistics (IMF), Zink and Triest Company, Inc. (vanilla)

Page 44: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S39Table F13: SELECTED FOREIGN EXCHANGE RATES: END OF PERIOD 1/

(Foreign currency units per pa'anga)

End Australian New Zealand U.S. Japanese Pounds Euro Fijianof: dollars per dollars per dollars per yen per sterling per per dollars per

pa'anga pa'anga pa'anga pa'anga pa'anga pa'anga 2/ pa'anga2007/08 0.5585 0.7062 0.5407 57.36 0.2707 0.3430 0.78312008/09 0.6073 0.7529 0.4967 47.62 0.2994 0.3525 0.97782009/10 0.5974 0.7325 0.5123 45.31 0.3400 0.4206 0.98302010/11 0.5517 0.7125 0.5912 47.7699 0.3691 0.4109 0.98662011/12 0.5645 0.7171 0.5703 45.0910 0.3681 0.4593 0.9973

2006Q4 0.6442 0.7045 0.4993 59.34 0.2538 0.3792 0.7974

2007Q1 0.5619 0.6996 0.5023 59.11 0.2564 0.3766 0.7926Q2 0.6037 0.6643 0.5131 63.14 0.2561 0.3815 0.7805Q3 0.5765 0.6775 0.5105 58.96 0.2517 0.3608 0.7716Q4 0.5990 0.6788 0.5292 59.49 0.2651 0.3595 0.7896

2008Q1 0.5895 0.6798 0.5442 53.97 0.2724 0.3441 0.7856Q2 0.5585 0.7062 0.5407 57.36 0.2707 0.3430 0.7831Q3 0.6236 0.7438 0.5041 52.49 0.2778 0.3480 0.7966Q4 0.6696 0.7999 0.4681 42.19 0.3243 0.3318 0.7919

2009Q1 0.6722 0.8111 0.4617 44.74 0.3237 0.3498 0.8029Q2 0.6073 0.7529 0.4967 47.62 0.2994 0.3525 0.9778Q3 0.5917 0.7219 0.5204 46.89 0.3264 0.3572 0.9872Q4 0.5808 0.7202 0.5243 48.38 0.3260 0.3658 0.9837

2010Q1 0.5627 0.7279 0.5211 48.33 0.3462 0.3888 0.9608Q2 0.5974 0.7325 0.5123 45.31 0.3400 0.4206 0.9830Q3 0.5429 0.7127 0.5295 44.38 0.3356 0.3889 0.9477Q4 0.5394 0.7101 0.5511 44.96 0.3584 0.4161 0.9597

2011Q1 0.5323 0.7201 0.5533 46.11 0.3451 0.3928 0.9443Q2 0.5517 0.7125 0.5912 47.77 0.3691 0.4109 0.9866Q3 0.5906 0.7458 0.5800 44.49 0.3726 0.4281 1.0115Oct 0.5615 0.7307 0.6039 45.65 0.3758 0.4287 1.0003Nov 0.5717 0.7500 0.5753 44.96 0.3697 0.4331 0.9961Dec 0.5678 0.7441 0.5778 45.06 0.3763 0.4480 1.0006

2012Jan 0.5566 0.7171 0.5934 45.40 0.3789 0.4534 0.9915Feb 0.5513 0.7068 0.5968 48.20 0.3765 0.4448 0.9922Mar 0.5597 0.7091 0.5840 48.08 0.3671 0.4405 0.9953Apr 0.5566 0.7054 0.5858 46.97 0.3610 0.4437 0.9863

May 0.5738 0.7393 0.5612 44.31 0.3630 0.4545 0.9946Jun 0.5645 0.7171 0.5703 45.09 0.3681 0.4593 0.9973Jul 0.5508 0.7131 0.5821 45.43 0.3711 0.4760 0.9893

Aug 0.5559 0.7150 0.5763 45.24 0.3655 0.4617 1.0009Sep 0.5562 0.6960 0.5845 45.47 0.3605 0.4537 1.0008

Source: Commercial BanksSee Notes to Statistical Tables

Page 45: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S40Table F14: SELECTED FOREIGN EXCHANGE RATES: PERIOD AVERAGE 1/

(Foreign currency units per pa'anga)

During Australian New Zealand U.S. Japanese Pounds Euro FijianPeriod dollars per dollars per dollars per yen per sterling per per dollars per

Ending: pa'anga pa'anga pa'anga pa'anga pa'anga pa'anga 2/ pa'anga2007/08 0.5837 0.6812 0.5266 57.91 0.2626 0.3584 0.78072008/09 0.6429 0.7888 0.4803 47.45 0.3000 0.3502 0.83402009/10 0.5817 0.7296 0.5176 47.32 0.3276 0.3731 0.97692010/11 0.5481 0.7137 0.5452 45.27 0.3434 0.4008 0.96032011/12 0.5675 0.7262 0.5889 46.30 0.3728 0.4412 1.00142006

Q4 0.7335 0.7335 0.4974 58.56 0.2591 0.3853 0.81282007

Q1 0.7071 0.7071 0.4953 59.13 0.2529 0.3777 0.7938Q2 0.6795 0.6795 0.5066 61.09 0.2547 0.3750 0.7862Q3 0.6771 0.6771 0.5063 59.62 0.2502 0.3685 0.7777Q4 0.6757 0.6757 0.5190 58.64 0.2535 0.3583 0.7771

2008Q1 0.6788 0.6786 0.5393 56.81 0.2722 0.3601 0.7861Q2 0.8356 0.8356 0.4571 41.55 0.3167 0.3481 0.7960Q3 0.8319 0.8319 0.4584 41.57 0.3175 0.3477 0.7961Q4 0.8411 0.8411 0.4552 41.52 0.3155 0.3487 0.7957

2009Q1 0.8434 0.8434 0.4523 44.10 0.3185 0.3470 0.7986Q2 0.7644 0.7644 0.4938 47.63 0.3014 0.3522 0.9845Q3 0.7288 0.7288 0.5162 47.20 0.3162 0.3549 0.9819Q4 0.7280 0.7280 0.5254 47.08 0.3240 0.3604 0.9824

2010Q1 0.7372 0.7372 0.5232 47.31 0.3475 0.3855 0.9732Q2 0.7336 0.7336 0.5131 46.56 0.3479 0.4199 0.9808Q3 0.7131 0.7131 0.5229 44.10 0.3362 0.4012 0.9570Q4 0.7204 0.7204 0.5446 45.44 0.3503 0.4137 0.9616

2011Q1 0.5375 0.7317 0.5471 44.71 0.3392 0.3918 0.9561Q2 0.5496 0.7125 0.5858 47.04 0.3614 0.4078 0.9818Q3 0.5824 0.7311 0.6002 46.09 0.3810 0.4368 1.0161Oct 0.5762 0.7392 0.5862 44.82 0.3731 0.4288 1.0032Nov 0.5722 0.7484 0.5813 45.15 0.3687 0.4298 0.9955Dec 0.5686 0.7456 0.5784 45.17 0.3719 0.4407 0.9984

2012Jan 0.5618 0.7291 0.5869 45.31 0.3795 0.4566 0.9966Feb 0.5541 0.7101 0.5978 46.99 0.3791 0.4531 0.9925Mar 0.5550 0.7113 0.5892 48.58 0.3732 0.4475 0.9917Apr 0.5608 0.7072 0.5848 47.48 0.3677 0.4449 0.9926May 0.5664 0.7271 0.5698 45.38 0.3587 0.4454 0.9914Jun 0.5657 0.7223 0.5685 45.05 0.3660 0.4542 1.0056Jul 0.5564 0.7153 0.5766 45.46 0.3718 0.4701 0.9943Aug 0.5513 0.7107 0.5810 45.62 0.3677 0.4700 0.9953Sep 0.5564 0.7051 0.5811 45.41 0.3615 0.4535 1.0039

Source: Commercial Banks

Page 46: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S41Table F15: REAL AND NOMINAL EXCHANGE RATES: PERIOD AVERAGE

(Indexes: January 1991 = 100)

End Bilateral Bilateral Bilateral Bilateral Bilateral Nominal Eff. Real Effectiveof: Australian New Zealand U.S. Japanese Fiji Exchange Exchange

Rate 1/ Rate 2/2007/08 98.6 100.9 115.0 140.7 165.3 58.6 113.62008/09 104.4 107.1 108.2 119.7 184.6 59.5 114.42009/10 98.3 101.1 129.4 122.3 200.4 59.2 114.42010/11 102.6 105.4 135.9 133.5 196.2 60.6 119.82011/12 100.9 103.6 132.4 135.5 191.1 60.3 118.22004

Q4 102.9 90.6 99.5 104.6 105.5 61.5 98.82005

Q1 103.2 90.8 101.0 109.7 107.3 62.3 100.2Q2 103.6 91.5 99.1 111.9 108.5 62.7 100.8Q3 103.2 92.0 97.2 114.4 109.3 61.9 101.0Q4 105.5 91.7 98.1 122.3 108.9 61.0 102.7

2006Q1 105.7 98.8 96.0 120.2 111.5 62.3 104.9Q2 103.2 100.9 95.1 117.5 111.0 62.7 104.4Q3 104.0 98.5 98.5 123.9 111.7 62.3 105.4Q4 103.0 95.8 101.8 128.2 108.7 60.7 105.0

2007Q1 101.0 93.5 99.3 127.9 106.3 60.3 102.9Q2 98.0 89.3 102.0 138.8 104.4 59.8 102.0Q3 99.3 95.9 104.5 133.0 109.3 58.9 105.1Q4 100.9 93.7 109.8 137.0 109.1 59.4 106.0

2008Q1 102.4 96.5 117.2 133.3 130.4 58.8 110.0Q2 98.6 100.9 115.0 140.7 165.3 58.6 113.6Q3 108.4 107.9 110.4 133.5 169.0 59.2 117.6Q4 117.8 115.5 103.0 103.8 168.8 60.0 115.6

2009Q1 115.7 118.5 99.8 109.3 172.5 60.6 116.8Q2 104.4 107.1 108.2 119.7 184.6 59.5 114.4Q3 109.2 113.5 108.2 120.1 204.0 61.1 118.8Q4 97.6 100.4 115.2 119.1 196.7 59.4 111.4

2010Q1 98.4 101.2 115.7 122.5 198.9 59.4 112.6Q2 98.3 101.1 129.4 122.3 200.4 59.2 114.4Q3 100.7 103.6 119.9 126.2 206.2 59.4 115.7Q4 99.1 101.9 123.6 125.1 196.8 59.8 114.5

2011Q1 102.2 105.1 126.7 130.8 198.7 59.9 118.1Q2 102.6 105.4 135.9 133.5 196.2 60.6 119.8Q3 103.5 106.3 140.7 134.8 199.8 60.9 121.4Q4 99.4 102.2 131.3 130.5 189.8 60.5 116.3

2012Q1 100.5 103.3 135.1 133.1 191.4 60.7 117.9Q2 100.9 103.6 132.4 135.5 191.1 60.3 118.2Q3 98.7 101.4 132.8 132.9 168.8 60.6 115.2

Source: National Reserve Bank of TongaSee Notes to Statistical Tables

Page 47: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

S42Table G1: GROWTH OF REAL GDP(Percent change over previous year) 1/

During Solomon United Newperiod Tonga Fiji Islands Samoa States Australia Zealand Japanended: 2/ 3/ 3/ 2/ 2/ 2/ 2/ 2/2006/07 -4.1 2.3 10.7 1.9 1.9 3.8 2.6 1.82007/08 1.2 1.0 7.3 4.3 -0.3 3.8 1.8 1.82008/09 2.9 -1.3 -1.2 -5.1 -3.1 1.4 -2.1 -3.72009/10 2.7 -0.2 7.2 0.4 2.4 2.3 0.1 -2.12010/11 4.7 2.1 … 2.0 1.9 1.9 1.3 3.32004

Q4 … … … … 3.1 2.4 3.4 0.82005

Q1 … … … … 3.4 2.2 2.8 0.4Q2 … … … … 3.1 3.0 3.2 1.4Q3 … … … … 3.1 2.8 3.0 1.5Q4 … … … … 2.1 3.5 2.2 1.9

2006Q1 … … … … 5.4 3.4 3.1 2.6Q2 … … … … 1.4 7.6 1.6 1.3Q3 … … … … 0.1 7.0 1.5 0.9Q4 … … … … 3.0 7.0 2.9 2.0

2007Q1 … … … … 1.2 8.3 2.4 2.8Q2 … … … … 3.2 5.4 3.3 2.3Q3 … … … … 3.6 5.7 3.4 2.0Q4 … … … … 2.1 5.9 3.6 1.6

2008Q1 … … … … -0.7 3.4 1.5 1.4Q2 … … … … 0.6 2.8 0.1 -0.1Q3 … … … … -4.0 2.6 -0.6 -0.6Q4 … … … … -6.8 1.2 -1.7 -4.7

2009Q1 … … … … -4.2 0.9 -3.1 -9.3Q2 … … … … -4.6 0.8 -2.9 -6.6Q3 … … … … -3.3 1.1 -2.5 -5.6Q4 … … … … -0.1 0.9 -0.9 -0.5

2010Q1 … … … … 1.9 2.5 1.3 4.8Q2 … … … … 2.5 3.0 2.4 4.5Q3 … … … … 2.8 2.4 2.0 5.6Q4 … … … … 2.4 2.2 1.1 3.2

2011Q1 … … … … 1.8 1.2 1.1 0.0Q2 … … … … 1.9 2.0 0.9 -1.8Q3 … … … … 1.6 2.8 1.4 -0.6Q4 … … … … 2.0 2.6 1.9 -0.7

2012Q1 … … … … 2.4 4.4 2.4 2.9Q2 … … … … 2.1 3.7 2.6 3.5Q3 … … … … 2.3 … … …

Source: Tonga (Statistics Department and Ministry of Finance), Fiji (Fiji Island Bureau of Statistics), Solomon Islands (IMF), Samoa (Samoa Bureau of Statistics), United States (Bureau of Economic Analysis), Australia (Reserve Bank of Australia)New Zealand (Reserve Bank of New Zealand) and Japan (Cabinet Office).See Notes to Statistical Tables

Page 48: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Financial years end in June.

Tables A1 - C2, Pages S1 - S18Monetary data are adjusted to incorporate revisions received from the domestic banking system.

Table A1 - Pages S1 - S21. Comprises consolidated balance sheet of the NRBT and the commercial banks.2. This includes the holdings of the Reserve Bank and the commercial banks.3. Non-monetary financial institutions (NMFI) are those which do not combine the taking ofdeposits with the extension of credit.

Table A2 - Pages S3 - S41. Comprises the consolidated balance sheet of the NRBT, commercial banks and the NMFI.2. These data may differ slightly from the comparable data shown on Statistical Table S2 because ofsavings deposit holdings of the NMFI in the two Niuas.3. Comprises bills and promissory notes issued by financial sector and held outside that sector.4. Represents borrowing by Government from foreign sources for onlending to NMFI.

Table A3 - Page S51. Non-Financial Public Enterprises.2. Non-Monetary Financial Institutions.

Table A4 - Page S61. Includes pre-decimal issues and a minor value of 50 seniti notes.2. Includes pre-decimal issues and a minor value of $1 and $2 coins.

Table B1 - Pages S7 - S81. In March 1993, NRBT introduced a Required Reserve deposit for commercial banks.2. In April 1993, NRBT replaced Term Deposits of commercial banks with NRBT Notes.

Table B2 - Pages S9 - S101. These data sometimes differ slightly from the comparable data shown on Statistical Table S15.

Table B3 - Pages S11 - S121. These data sometimes differ slightly from the comparable data shown on Statistical Table S16.2. Direct borrowing by NMFI from foreign sources. Some exchange risk is assumed byGovernment.3. Represents borrowing by Government from foreign sources for onlending to NMFI.Exchange risk is carried by Government.

Notes to Statistical Tables

S43

Table B5 - Page S141. Data exclude deposits held by the Government.

Page 49: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Table B6 - Page S151. Includes lending to the manufacturing, transport and communications, commerce and trade,construction, and services sectors.2. Includes private individuals and nonprofit bodies.

Table B7 - Page S161. Includes lending to the manufacturing, transport, and communications, commerce and trade,construction, and services sectors.2. Includes private individuals and nonprofit bodies.

Table C1 - Page S171. Interest rates listed are those available to general customers & to statutory boards.2. This reflects the average published interest rates the commercial banks pay for saving deposits.3. This reflects the average commercial bank published interest rates paid for savings deposits andfor 3 to 48 month term deposits, weighted according to the amounts in these categories.

4. Banks began reporting their interest rates to the NRBT using new reporting forms from this date.

Table C2 - Page S181. Base rate is the lowest rate charged. This is the average minimum prime rate published by thecommercial banks.2. This refers to the average minimum rate published by the commercial banks on their residentialhousing loans.3. Apply to loans for export-oriented industries, manufacturing & raw materials processing, andtourism activities except restaurants.4. This is the maximum rate published by the NMFI on their business loans.5. Loans less than $1,000 for activity in agriculture, fisheries and livestock.

6. Banks began reporting their interest rates to the NRBT using new reporting forms from this date.

Table C3 - Page S191. Short Term: Three months Treasury Bills except for Japan, Private Bill Rate.2. Government Bonds: Ten year Government Bonds

Table D1 - Page S201. End-period, minimum retail price per litre of petrol sold by major distributors in Nuku’alofa,including sales tax.2. End-period, most common (level 2) rate group including any surcharges.

S44

Table D2 - Page S211. Data reflect the recorded values of Tongan agricultural products sold in Talamahu Market, thelargest market in the Kingdom. The quality of these data, particularly in earlier periods, is suspectand should be used with care. In addition, as it is likely that this market is covering a declining shareof the total trade in these products, longer-term trends should be interpreted with care.2. Comprising kape, cassava, taro, yams, sweet potatoes and mixed foods.3. Data reflect the temporary closedown of the central business district including the TalamahuMarket after the November 2006 event.4. Started including data from ‘Utukalongalu Market (Vava’u) from this date.

5. Stopped including data from ‘Utukalongalu Market (Vava’u) from this date.

Page 50: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3

Table D3 - Page S221. Comprising kape, cassava, taro, yams, sweet potatoes and mixed foods.2. Data reflect the temporary closedown of the central business district including the TalamahuMarket after the November 2006 event.3. Started including data from ‘Utukalongalu Market (Vava’u) from this date.

4. Stopped including data from ‘Utukalongalu Market (Vava’u) from this date.

Table D4 - Page S231. Comprising kape, cassava, taro, yams, sweet potatoes and mixed foods.

Table D5 - Page S241. CPI as published by the Statistics Department was rebased in October 2010. The base period ofOctober 2010 = 100.

Table E1 - Page S251. Source: Ministry of Finance Budget Statement Documents. Data from 2004/05 are on aGovernment Finance Statistics (GFS) basis. Previous data are on cash basis of accounting.

Table E3 - Page S261. Comprises Seastar Fishing, Janfull International Hotel, Ports Authority, Tongatapu Market Ltd,Royco, Taumoepeau Building and Sanft Building.2. Source: Ministry of Finance Budget Statement Documents.

Table F1 - Page S27This table had been revised to reflect update of Trade date particularly the month of import cover.1. Prior to the establishment of the NRBT, these assets were held by the Commissioners of Cur-rency, the Commissioners of Coinage, Treasury and the BoT. This includes only the holdings of theReserve Bank.2. Imports, cif. in the year to date concerned. Where latest data is not yet available this is estimatedby NRBT.

Table F2 - Page S28 This table had been revised due to data re-classification.

1. This is NRBT’s own estimates based on the Overseas Exchange Transactions (OET) records.2. Corresponds to changes in net official foreign reserves.

Table F3 - Page S291. Comprising fish and other marine products.

2. Comprising kape, cassava, taro, yams, sweet potatoes and `mixed’ foods.3. Includes kava exports.

Table F4 - Page S301.Comprising fish and other marine products.

2.Comprising kape, cassava, taro, yams, sweet potatoes and mixed foods. Given the non-homog- enous nature of the group, movements in unit values should be assessed with caution.

S45

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Table F5 - Page S311. Including Hawaii and American Samoa.2. Including China, Hong Kong and other Asian countries.

Table F6 - Page S321. Data should be used with caution on account of difficulty separating tourist receipts from privateremittances.2. “Total” comprises all visitors arriving by air and all yacht arrivals. The by-citizenship informationassumes that all arrivals recorded as non-Tongans are visitors. “From others” is a balancing item.

Table F8 - Page S341. Imports under aid or grants.

Table F10 - Page S36Given the non-homogenous nature of some of these categories, movements in unit values should beassessed with extreme caution.1. In 2001, Tonga moved away from using the Standard International Trade Classification ofimported goods to using the Harmonised System. From that time the volume data includes bicycle,engine parts and spare parts for vehicles.

Table F11 - Page S371. Including Hawaii and American Samoa.

Table F13 & F14 - Page S39 & S40 1.The calculation of the bilateral exchange rates is based on the average of the mid-points published

by the commercial banks for the concerned period. 2.The “euro” became the official currency for 11 European countries: Germany; France; Belgium;

Spain; Ireland; Italy; Luxemburg; the Netherlands; Austria; Portugal and Finland.

S46

Table F15 - Page S41Note: These indices measure inflation in Tonga against those in the nominated countries adjustedfor exchange rate movements. Each index measures the relative competitiveness between Tongaand the country specified. Increases in the index indicate that Tonga is becoming less competitive.1. The nominal effective exchange rate index represents movements in the average of bilateralexchange rates with the pa’anga, weighted by current account shares.2. The real effective exchange rate index measures the competitiveness of the Tongan economyagainst the countries specified weighted by their shares in Tonga’s trade in goods and services.

Table G1 - Page S421. Quarterly series are seasonally adjusted.2. Year-ended June.3. Calendar year, i.e. 2003/04 is for 2004.

Page 52: National Reserve Bank of Tonga fileNational Reserve Bank of Tonga Pangike Pule Fakafonua ‘o Tonga Quarterly Bulletin September 2012 Volume 23, Number 3