Economy - overview:
The economy is limited to traditional subsistence agriculture, with 80% of labor force earnings coming from agriculture (coconuts and vegetables), livestock (mostly pigs), and fishing. 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. France directly finances the public sector, health and education services. It also provides funding for key development projects in a range of areas, including infrastructure, economic development, environmental management, and health facilities. 70% of employment is in the public sector, although only about 20% of the population is in salaried employment. A key concern for Wallis and Futuna is an aging population with consequent economic development issues. Very few people aged 18-30 live in the islands due to the limited formal employment opportunities. Improving job creation is a current priority for the territorial government.

GDP (purchasing power parity):
$60 million (2004 est.)
country comparison to the world: 225
[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):
$3,800 (2004 est.)
country comparison to the world: 177
[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, breadfruit, yams, taro, bananas; pigs, goats; fish

Industries:
copra, handicrafts, fishing, lumber

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Labor force:
3,104 (2003)
country comparison to the world: 225
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 80%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 4%
[see also: Labor force - by occupation - industry country ranks ]
services: 16% (2001 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
12.2% (2008 est.)
country comparison to the world: 135
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $29,730
[see also: Budget revenues country ranks ]
expenditures: $31,330 (2004)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
NA%
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
NA%
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
5.6% of GDP (2004 est.)
note: offical data; data cover general government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions
country comparison to the world: 176
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
2.8% (2005)
country comparison to the world: 132
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$47,450 (2004)
country comparison to the world: 223
[see also: Exports country ranks ]

Exports - commodities:
copra, chemicals, construction materials

Imports:
$61.17 million (2004)
country comparison to the world: 218
[see also: Imports country ranks ]

Imports - commodities:
chemicals, machinery, consumer goods

Debt - external:
$3.67 million (2004)
country comparison to the world: 202
[see also: Debt - external country ranks ]

Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 89.85 (2013 est.) 90.56 (2012 est.) 85.74 (2011 est.)