Short facts about the economy in Tokelau
| 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% |
| 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 |
| Imports: |
$323,400 (c.i.f.,
1983) |
| Imports -
commodities: |
foodstuffs, building materials,
fuel |
| Economic aid
- recipient: |
$3.8 million
(1995) |
| Currency: |
New Zealand dollar
(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 | Source: World Factbook |
