ECONOMY
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 rely heavily on aid from
New Zealand - about $4 million annually - to maintain public services,
with 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: $430,800
expenditures: $2.8 million, including capital expenditures of
$37,300 (1987 est.)
Agriculture - products:
coconuts, copra, breadfruit, papayas, bananas; pigs, poultry,
goats
Industries:
small-scale enterprises for copra production, woodworking, plaited
craft goods; stamps, coins; fishing
Industrial production growth rate:
NA
Electricity - production:
NA kWh
Electricity - consumption:
NA kWh
Exports:
$98,000 f.o.b. (1983)
Exports - commodities:
stamps, copra, handicrafts
Exports - partners:
New Zealand (2000)
Imports:
$323,000 c.i.f. (1983)
Imports - commodities:
foodstuffs, building materials, fuel
Imports - partners:
New Zealand (2000)
Debt - external:
$0
Economic aid - recipient:
from New Zealand about $4 million annually
Currency:
New Zealand dollar (NZD)
Currency code:
NZD
Exchange rates:
New Zealand dollars per US dollar - 1.7229 (2003), 2.154 (2002),
2.3776 (2001), 2.1863 (2000), 1.8886 (1999)
Fiscal year:
1 April - 31 March
