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The Economy of Wallis and Futuna

Wallisian, Futunan, or Wallis an Economy

Wallis and Futuna's map

Economy - overview: The economy is limited to traditional subsistence agriculture, with about 80% of labor force earnings 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:

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: lowest 10%: NA% highest 10%: NA%

Distribution of family income - Gini index:

Inflation rate (consumer prices):

Labor force: 3,104 (2003)

Labor force - by occupation: agriculture: 80% industry: 4% services: 16% (2001 est.)

Unemployment rate: 15.2% (2003)

Budget: revenues: $29,730 expenditures: $31,330 (2004)

Industries: copra, handicrafts, fishing, lumber

Industrial production growth rate: NA%

Electricity - production: NA kWh

Electricity - production by source:

Electricity - consumption: NA kWh

Electricity - exports: 0 kWh (2002)

Electricity - imports: 0 kWh (2002)

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: breadfruit, yams, taro, bananas; pigs, goats; fish

Exports: $47,450 f.o.b. (2004)

Exports - commodities: copra, chemicals, construction materials

Exports - partners:

Imports: $61.17 million f.o.b. (2004)

Imports - commodities: chemicals, machinery, passenger ships, consumer goods

Imports - partners:

Debt - external: $3.67 million (2004)

Economic aid - recipient:

Currency:

Currency code:

Exchange rates: Comptoirs Francais du Pacifique francs (XPF) per US dollar - 87.59 (2007), 94.97 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003)

Fiscal year: