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 $10 million annually in 2008 and 2009 - to maintain public services. New Zealand's support amounts to 80% of Tokelau's recurrent government budget. An international trust fund, currently worth nearly US$32 million, was established in 2004 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.)
GDP (official exchange rate):
$NA
GDP - real growth rate:
GDP - per capita (PPP):
$1,000 (1993 est.)
GDP - composition by sector:
agriculture: NA%
industry:
NA%
services:
NA%
Labor force:
440 (2001)
Unemployment rate:
NA% est.)
Population below poverty line:
NA%
Budget:
revenues: $430,800
expenditures:
$2.8 million (1987 est.)
Inflation rate (consumer prices):
NA% est.)
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
Electricity - production:
NA kWh
Electricity - consumption:
NA kWh
Exports:
$0 (2002 est.)
Exports - commodities:
stamps, copra, handicrafts
Imports:
$969,200 (2002 est.)
Imports - commodities:
foodstuffs, building materials, fuel
Exchange rates:
New Zealand dollars (NZD) per US dollar - 1.6204 (2009), 1.4151 (2008), 1.3811 (2007), 1.5408 (2006), 1.4203 (2005)