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Tokelau Economy 2000 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:
Population below poverty line: NA% Household income or consumption by percentage share:
Inflation rate (consumer prices): NA% Labor force: NA Unemployment rate: NA% Budget:
Industries: small-scale enterprises for copra production, wood work, plaited craft goods; stamps, coins; fishing Industrial production growth rate: NA% Electricity - production: NA kWh Electricity - production by source:
Electricity - consumption: NA kWh Electricity - exports: NA kWh Electricity - imports: 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: $3.8 million (1995) Currency: 1 New Zealand dollar (NZ$) = 100 cents Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.9451 (January 2000), 1.8886 (1999), 1.8632 (1998), 1.5083 (1997), 1.4543 (1996), 1.5235 (1995) Fiscal year: 1 April - 31 March |
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