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Country information - ANZ in Tonga
Country information
People
- Population: 114,689 (July 2006 estimate)
- Languages: English, Tongan
- Ethnic Groups: Polynesian
Geography
Tonga is an archipelago of 169 islands located in the southwest Pacific, about 650 km east of Fiji.
Economy
- Currency: Pa’anga (TOP)
- GDP per capita (2007): USD 2,200
- GDP growth (2007): 2.4%
- Exports: squash, fish, vanilla beans, root crops
Government
- Government: Constitutional monarchy
- Head of State: H.M. King George V
Exchange control
- Limited restrictions apply.
Banking regulations
- The National Reserve Bank of Tonga is the regulatory authority and operates under the Financial Institution Act
- There are no direct controls on interest rates.
Taxation
- Resident companies: 25%
- Non-resident companies: 25%
- Consumption tax: 15%
- Taxation and financial concessions are available for new enterprises.
© Australia and New Zealand Banking Group Limited (ANZ) 2009 ABN 11 005 357 522. ANZ's colour blue is a trade mark of ANZ.
The provision of products and services is subject to the laws and regulations of Tonga and ANZ's banking licence in Tonga.