Tokelau Economy - 2005

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:
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:
NA

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
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 kWh

Electricity - consumption:
NA kWh

Exports:
$98,000 f.o.b. (1983)

Exports - commodities:
stamps, copra, handicrafts

Exports - partners:
New Zealand (2000)

Imports:
$323,000 c.i.f. (1983)

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 (code):
New Zealand dollar (NZD)

Exchange rates:
New Zealand dollars per US dollar - 1.5087 (2004), 1.7221 (2003), 2.1622 (2002), 2.3788 (2001), 2.2012 (2000)