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. Wallis and Futuna imports food - particularly flour, sugar, rice, and beef - fuel, clothing, machinery, and transport equipment, but its exports are negligible, consisting mostly of breadfruit, yams, and taro root.

GDP purchasing power parity - $28.7 million (1995 est.)

GDP - real growth rate NA%

GDP - per capita purchasing power parity - $2,000 (1995 est.)

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

Inflation rate - consumer price index NA%

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

Unemployment rate NA%

Budget
revenues: $22 million
expenditures: $22 million, including capital expenditures of $NA (1997 est.)

Industries copra, handicrafts, fishing, lumber

Industrial production growth rate NA%

Electricity - capacity NA kW

Electricity - production NA kWh

Electricity - consumption per capita NA kWh

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

Exports
total value: $370,000 (f.o.b., 1995 est.)
commodities: copra, handicrafts
partners: NA

Imports
total value: $13.5 million (c.i.f., 1995 est.)
commodities: foodstuffs, manufactured goods, transportation equipment, fuel, clothing
partners: France, Australia, New Zealand

Debt - external $NA

Economic aid
recipient: ODA, $NA

Currency 1 CFP franc (CFPF) = 100 centimes

Exchange rates Comptoirs Francais du Pacifique francs (CFPF) per US$1 - 110.60 (January 1998), 106.11 (1997), 93.00 (1996), 90.75 (1995), 100.94 (1994), 102.96 (1993); note - linked at the rate of 18.18 to the French franc

Fiscal year calendar year

NOTE: The information regarding Wallis and Futuna 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 Wallis and Futuna Economy 1998 information contained here. All suggestions for corrections of any errors about Wallis and Futuna Economy 1998 should be addressed to the CIA.