| 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 - real growth rate | NA% |
|
| GDP - composition by sector | agriculture: NA%
industry: NA%
services: NA% |
|
| Population below poverty line | NA% |
|
| Labor force | 440 (2001) |
|
| Unemployment rate | NA% |
|
| Budget | revenues: $430,800
expenditures: $2.8 million; including capital expenditures of $NA (1987 est.) |
|
| Industries | small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing |
|
Electricity -
production | NA kWh |
|
Electricity -
production by source | fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001) |
|
Electricity -
consumption | NA kWh |
|
| Agriculture - products | coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats; fish |
|
| Exports | $0 f.o.b. (2002) |
|
| Exports - commodities | stamps, copra, handicrafts |
|
| Exports - partners | New Zealand (2004) |
|
| Imports | $969,200 c.i.f. (2002) |
|
| Imports - commodities | foodstuffs, building materials, fuel |
|
| Imports - partners | New Zealand (2004) |
|
| Economic aid - recipient | about $4 million annually from New Zealand |
|
| Currency code | NZD |
|
| Exchange rates | New Zealand dollars per US dollar - 1.5408 (2006), 1.4203 (2005), 1.5087 (2004), 1.7221 (2003), 2.1622 (2002) |
|
| Fiscal year | 1 April - 31 March |
|
