Domestic economic activity

Tonga’s domestic economic activity to remain positive

According to the latest monthly economic review, the Reserve Bank expects foreign reserves to remain at comfortable levels and inflation to continue remaining below its reference rate of 5 per cent per annum throughout 2019.

The country’s primary sector had a mixed performance in the month of May 2019.

Receipts from agricultural products rose by 95.9 per cent ($0.3 million) during the month.

However, proceeds from marine products slightly fell by 16.5 per cent ($0.1 million).