Economy - overview Tokelau's small size, isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people must rely on aid from New Zealand to maintain public services, 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%

Inflation rate - consumer price index NA%

Labor force NA

Unemployment rate NA%

Budget
revenues: $430,830
expenditures: $2.8 million, including capital expenditures of $37,300 (1987 est.)

Industries small-scale enterprises for copra production, wood work, plaited craft goods; stamps, coins; fishing

Industrial production growth rate NA%

Electricity - capacity NA kW

Electricity - production NA kWh

Electricity - consumption per capita NA kWh

Agriculture - products coconuts, copra, breadfruit, papaya, bananas; pigs, poultry, goats

Exports
total value: $98,000 (f.o.b., 1983)
commodities: stamps, copra, handicrafts
partners: NZ

Imports
total value: $323,400 (c.i.f., 1983)
commodities: foodstuffs, building materials, fuel
partners: NZ

Debt - external $0

Economic aid
recipient: ODA, $3.7 million from NZ (FY95/96)

Currency 1 New Zealand dollar (NZ$) = 100 cents

Exchange rates New Zealand dollars (NZ$) per US$1 - 1.7283 (January 1998), 1.5083 (1997), 1.4543 (1996), 1.5235 (1995), 1.6844 (1994), 1.8495 (1993)

Fiscal year 1 April - 31 March

NOTE: The information regarding Tokelau on this page is re-published from the 1998 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Tokelau Economy 1998 information contained here. All suggestions for corrections of any errors about Tokelau Economy 1998 should be addressed to the CIA.