Tokelau Economy:
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
Labor force:
Unemployment rate:
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: $430,800 (1987 est.)
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
Electricity — consumption:
NA
Exports:
$98,000 (f.o.b. 1983 est.)
Exports — commodities:
stamps, copra, handicrafts
Exports — partners:
New Zealand (2000)
Imports:
$323,000 (c.i.f. 1983 est.)
Imports — commodities:
foodstuffs, building materials, fuel
Imports — partners:
New Zealand (2000)
Debt — external:
$0
Economic aid — recipient:
from New Zealand about $4 million annually
Currency:
New Zealand dollar (NZD)
Exchange rates:
New Zealand dollars per US$: 1.51 (2004 est.), 1.72 (2003 est.), 2.16 (2002 est.), 2.38 (2001 est.), 2.2 (2000 est.)
Fiscal year:
1 April - 31 March
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