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 $4 million annually - 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%

Population below poverty line NA%

Household income or consumption by percentage share
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices) 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, woodworking, plaited craft goods; stamps, coins; fishing

Industrial production growth rate NA%

Electricity - production NA kWh

Electricity - production by source
fossil fuel: NA%
hydro: NA%
other: NA%
nuclear: NA%

Electricity - consumption NA kWh

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

Exports $98,000 (f.o.b., 1983)

Exports - commodities stamps, copra, handicrafts

Exports - partners NZ

Imports $323,000 (c.i.f., 1983)

Imports - commodities foodstuffs, building materials, fuel

Imports - partners NZ

Debt - external $0

Economic aid - recipient from New Zealand about $4 million annually

Currency New Zealand dollar (NZD)

Currency code NZD

Exchange rates New Zealand dollars per US dollar - 2.3535 (January 2002), 2.3776 (2001), 2.1863 (2000), 1.8886 (1999), 1.8632 (1998), 1.5083 (1997)

Fiscal year 1 April - 31 March

NOTE: The information regarding Tokelau on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Tokelau Economy 2002 information contained here. All suggestions for corrections of any errors about Tokelau Economy 2002 should be addressed to the CIA.