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 - $30 million (1997 est.)

GDP - real growth rate NA%

GDP - per capita purchasing power parity - $2,000 (1997 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

Labor force - by occupation agriculture, livestock, and fishing 80%, government 4% (2001 est.)

Unemployment rate NA%

Budget
revenues: $20 million
expenditures: $17 million, including capital expenditures of $NA (1998 est.)

Industries copra, handicrafts, fishing, lumber

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 breadfruit, yams, taro, bananas; pigs, goats

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 Comptoirs Francais du Pacifique franc (XPF)

Currency code XPF

Exchange rates Comptoirs Francais du Pacifique francs (XPF) per US dollar - 135.04 (January 2002), 133.26 (2001), 129.43 (2000), 111.93 (1999), 107.25 (1998), 106.11 (1997); note - linked at the rate of 119.25 XPF to the euro

Fiscal year calendar year

NOTE: The information regarding Wallis and Futuna 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 Wallis and Futuna Economy 2002 information contained here. All suggestions for corrections of any errors about Wallis and Futuna Economy 2002 should be addressed to the CIA.