Economy - overview:
The economy is limited to traditional subsistence agriculture, with about 80% labor force earnings 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 - $60 million (2004 est.)
GDP - real growth rate:
NA%
GDP - per capita:
purchasing power parity - $3,800 (2004 est.)
GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Labor force:
NA
Labor force - by occupation:
agriculture, livestock, and fishing 80%, government 4% (2001 est.)
Unemployment rate:
NA%
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
NA%
Budget:
revenues: $20 million
expenditures: $17 million, including capital expenditures of NA (1998 est.)
Agriculture - products:
breadfruit, yams, taro, bananas; pigs, goats
Industries:
copra, handicrafts, fishing, lumber
Industrial production growth rate:
NA%
Electricity - production:
NA kWh
Electricity - production by source:
fossil fuel: 0%
hydro: 0%
nuclear: 0%
other: 0%
Electricity - consumption:
NA kWh
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
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 (code):
Comptoirs Francais du Pacifique franc (XPF)
Currency code:
XPF
Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 96.04 (2004), 105.66 (2003), 126.71 (2002), 133.26 (2001), 129.43 (2000)
Fiscal year:
calendar year
More about Wallis and Futuna:
Introduction
Geography
People
Government
Communications
Transportation
Military
Transnational Issues
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