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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:
      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, wood work, 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

      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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    Revised 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)


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