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Tokelau Economy




Tokelau    Economy Top of Page
Economy - overview: Tokelau's small size (three villages), isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people must rely on aid from New Zealand to maintain public services, annual aid being substantially greater than GDP. The principal sources of revenue come from sales of copra, postage stamps, souvenir coins, and handicrafts. Money is also remitted to families from relatives in New Zealand.
GDP: purchasing power parity - $1.5 million (1993 est.)
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $1,000 (1993 est.)
GDP - composition by sector: agriculture:  NA%

industry:  NA%

services:  NA%
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): NA%
Labor force: NA
Unemployment rate: NA%
Budget: revenues:  $430,830

expenditures:  $2.8 million, including capital expenditures of $37,300 (1987 est.)
Industries: small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing
Industrial production growth rate: NA%
Electricity - production: NA kWh
Electricity - production by source: fossil fuel:  NA%

hydro:  NA%

nuclear:  NA%

other:  NA%
Electricity - consumption: NA kWh
Agriculture - products: coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats
Exports: $98,000 (f.o.b., 1983)
Exports - commodities: stamps, copra, handicrafts
Exports - partners: NZ
Imports: $323,400 (c.i.f., 1983)
Imports - commodities: foodstuffs, building materials, fuel
Imports - partners: NZ
Debt - external: $0
Economic aid - recipient: $3.8 million (1995)
Currency: New Zealand dollar (NZD)
Currency code: NZD
Exchange rates: New Zealand dollars per US dollar - 2.2502 (January 2001), 2.1863 (2000), 1.8886 (1999), 1.8632 (1998), 1.5083 (1997), 1.4543 (1996)
Fiscal year: 1 April - 31 March

 

Countryfacts Information Courtesy: CIA Worldbook








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