The Economy of Tokelau
The Economy of Tokelau
Tokelauan Economy
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 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:
GDP - real growth rate: NA%
GDP - per capita:
GDP - composition by sector: agriculture: NA% industry: NA% services: NA%
Population below poverty line:
Household income or consumption by percentage share:
Distribution of family income - Gini index:
Inflation rate (consumer prices):
Labor force: 440 (2001)
Labor force - by occupation:
Unemployment rate: NA%
Budget: revenues: $430,800 expenditures: $2.8 million (1987 est.)
Industries: small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing
Industrial production growth rate:
Electricity - production: NA kWh
Electricity - production by source:
Electricity - consumption: NA kWh
Electricity - exports:
Electricity - imports:
Oil - production:
Oil - consumption:
Oil - exports:
Oil - imports:
Oil - proved reserves:
Natural gas - production:
Natural gas - consumption:
Natural gas - exports:
Natural gas - imports:
Natural gas - proved reserves:
Agriculture - products: coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats; fish
Exports: $0 (2002)
Exports - commodities: stamps, copra, handicrafts
Exports - partners:
Imports: $969,200 c.i.f. (2002)
Imports - commodities: foodstuffs, building materials, fuel
Imports - partners:
Debt - external:
Economic aid - recipient:
Currency:
Currency code:
Exchange rates: New Zealand dollars (NZD) per US dollar - 1.4151 (2008 est.), 1.3811 (2007), 1.5408 (2006), 1.4203 (2005), 1.5087 (2004)
Fiscal year: