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    Wallis and Futuna Economy 2001

      Economy - overview: The economy is limited to traditional subsistence agriculture, with about 80% of the labor force earning its livelihood from agriculture (coconuts and vegetables), livestock (mostly pigs), and fishing. About 4% of the population is employed in government. 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.

      GDP: purchasing power parity - $30 million (1997 est.)

      GDP - real growth rate: NA%

      GDP - per capita: purchasing power parity - $2,000 (1997 est.)

      GDP - composition by sector:
      agriculture: NA%
      industry: NA%
      services: NA%

      Population below poverty line: NA%

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices): NA%

      Labor force: NA

      Labor force - by occupation: agriculture, livestock, and fishing 80%, government 4% (est.)

      Unemployment rate: NA%

      revenues: $20 million
      expenditures: $17 million, including capital expenditures of $NA (1998 est.)

      Industries: copra, handicrafts, fishing, lumber

      Industrial production growth rate: NA%

      Electricity - production: NA kWh

      Electricity - production by source:
      fossil fuel: NA%
      hydro: NA%
      nuclear: NA%
      other: NA%

      Electricity - consumption: NA kWh

      Agriculture - products: breadfruit, yams, taro, bananas; pigs, goats

      Exports: $250,000 (f.o.b., 1999)

      Exports - commodities: copra, chemicals, construction materials

      Exports - partners: Italy 40%, Croatia 15%, US 14%, Denmark 13%

      Imports: $300,000 (f.o.b., 1999)

      Imports - commodities: chemicals, machinery, passenger ships, consumer goods

      Imports - partners: France 97%, Australia 2%, New Zealand 1%

      Debt - external: $NA

      Economic aid - recipient: assistance from France

      Currency: Comptoirs Francais du Pacifique franc (XPF)

      Currency code: XPF

      Exchange rates: Comptoirs Francais du Pacifique francs (XPF) per US dollar - 1127.11 (January 2001), 129.43 (2000), 111.93 (1999), 107.25 (1998), 106.11 (1997), 93.00 (1996); note - linked at the rate of 119.25 XPF to the euro

      Fiscal year: calendar year

      NOTE: The information regarding Wallis and Futuna on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Wallis and Futuna Economy 2001 information contained here. All suggestions for corrections of any errors about Wallis and Futuna Economy 2001 should be addressed to the CIA.

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    >Revised 21-Dec-01
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