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Wallis and Futuna (overseas territory of France) Economy 2000 Economy - overview: The economy is limited to traditional subsistence agriculture, with about 80% of the labor force earning its livelihood from agriculture (coconuts and vegetables), livestock (mostly pigs), and fishing. About 4% of the population is employed in government. Revenues come from French Government subsidies, licensing of fishing rights to Japan and South Korea, import taxes, and remittances from expatriate workers in New Caledonia. GDP: purchasing power parity - $28.7 million (1995 est.) GDP - real growth rate: NA% GDP - per capita: purchasing power parity - $2,000 (1995 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 Labor force - by occupation: agriculture, livestock, and fishing 80%, government 4% (est.) Unemployment rate: NA% Budget:
Industries: copra, handicrafts, fishing, lumber 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: breadfruit, yams, taro, bananas; pigs, goats Exports: $370,000 (f.o.b., 1995 est.) Exports - commodities: copra, breadfruit, yams, taro roots, handicrafts Exports - partners: NA Imports: $13.5 million (c.i.f., 1995 est.) Imports - commodities: foodstuffs, manufactured goods, transportation equipment, fuel, clothing Imports - partners: France, Australia, New Zealand Debt - external: $NA Economic aid - recipient: assistance from France Currency: 1 Comptoirs Francais du Pacifique franc (CFPF) = 100 centimes Exchange rates: Comptoirs Francais du Pacifique francs (CFPF) per US$1 - 117.67 (January 2000), 111.93 (1999), 107.25 (1998), 106.11 (1997), 93.00 (1996), 90.75 (1995); note - linked at the rate of 18.18 to the French franc Fiscal year: calendar year |
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