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World > Oceania > Tokelau > Economy (Facts)

Tokelau - Economy (Facts)
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 (purchasing power parity): $1.5 million (1993 est.)
GDP (official exchange rate): NA
GDP - per capita (PPP): $1,000 (1993 est.)
GDP - composition by sector: agriculture: NA
industry: NA
services: NA
Population below poverty line: NA
Inflation rate (consumer prices): 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 - 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 (2006)
Imports: $969,200 c.i.f. (2002)
Imports - commodities: foodstuffs, building materials, fuel
Imports - partners: New Zealand (2006)
Economic aid - recipient: about $4 million annually from New Zealand
Currency: New Zealand Dollar (NZD)

Current New Zealand Dollar Exchange Rates
Historical New Zealand Dollar Exchange Rates
Chart New Zealand Dollar Exchange Rates
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


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