• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Country Report Tonga Product Image

Country Report Tonga

  • ID: 2138734
  • November 2014
  • Region: Tonga
  • 17 Pages
  • The Economist Intelligence Unit

Data published on November 11th by the National Reserve Bank of Tonga (NRBT, the central bank) show an 18.9% year-on-year increase in new-vehicle registrations, to 170, in September.

The data show a clear rebound in new-vehicle registrations in September after a dip in August, when only 144 vehicle registrations were recorded. Figures for the year ending in September show an 18.8% increase in vehicle registrations, to 1,825. The total includes a 29% increase in registrations of cars, to 699, and a 57.3% rise, to 184, in registrations of other vehicles (a category that the NRBT says includes taxis and rental vehicles), with smaller increases recorded for light and heavy commercial vehicles.

As tourists make up a large part of the customer base for rental cars and taxis, the rise in registrations of other vehicles points to confidence in the potential of the tourism market, underpinned by the depreciation of the Tongan pa'anga and the outlook for higher visitor arrival numbers from Australia and New Zealand.

Country Report Tonga

Vehicle registrations surge
Event
Analysis
Impact on the forecast

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos