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 $15 million annually in FY12/13 and FY13/14 - to maintain public services. New Zealand's support amounts to 80% of Tokelau's recurrent government budget. An international trust fund, currently worth nearly $32 million, was established in 2004 by New Zealand to provide Tokelau an independent source of revenue. 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.)
country comparison to the world: 230
[see also: GDP country ranks ]
GDP (official exchange rate):
$NA
[see also: GDP (official exchange rate) country ranks ]
GDP - real growth rate:
NA%
[see also: GDP - real growth rate country ranks ]
GDP - per capita (PPP):
$1,000 (1993 est.)
country comparison to the world: 223
[see also: GDP - per capita country ranks ]
GDP - composition, by sector of origin:
agriculture: NA%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: NA%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: NA%
[see also: GDP - composition, by sector of origin - services country ranks ]
Agriculture - products:
coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats; fish
Industries:
small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing
Labor force:
440 (2001)
country comparison to the world: 232
[see also: Labor force country ranks ]
Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]
Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]
Budget:
revenues: $430,800
[see also: Budget revenues country ranks ]
expenditures: $2.8 million (1987 est.)
[see also: Budget expenditures country ranks ]
Fiscal year:
1 April - 31 March
Inflation rate (consumer prices):
NA%
[see also: Inflation rate (consumer prices) country ranks ]
Exports:
$0 (2002)
country comparison to the world: 224
[see also: Exports country ranks ]
Exports - commodities:
stamps, copra, handicrafts
Imports:
$969,200 (2002)
country comparison to the world: 223
[see also: Imports country ranks ]
Imports - commodities:
foodstuffs, building materials, fuel
Exchange rates:
New Zealand dollars (NZD) per US dollar -
1.45 (2015)
1.22 (2013)
1.22 (2013)
1.23 (2012)
1.26 (2011)