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Tokelau: Economy#

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.

Economic Facts#

GDP (purchasing power parity)$1.5 million (1993 est.)
GDP - real growth rateNA%
GDP - per capita (PPP)$1,000 (1993 est.)
GDP - composition, by sector of originagriculture: NA%
industry: NA%
services: NA%
Population below poverty lineNA%
Exports - commoditiesstamps, copra, handicrafts
Agriculture - productscoconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats; fish
Budgetrevenues: $430,800
expenditures: $2.8 million (1987 est.)
Imports - commoditiesfoodstuffs, building materials, fuel
Exchange ratesNew Zealand dollars (NZD) per US dollar -
1.247 (2013)
1.2334 (2012)
1.3874 (2010)
1.6002 (2009)
1.4151 (2008)
Exports$0 (2002)
Fiscal year1 April - 31 March
Imports$969,200 (2002)
Industriessmall-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing
Inflation rate (consumer prices)NA%
Labor force440 (2001)
Unemployment rateNA%
GDP (official exchange rate)$NA