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Legend:
Definition
Field Listing
Rank Order
Background:
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Originally settled by Polynesian emigrants from surrounding island groups, the Tokelau Islands were made a British protectorate in 1889. They were transferred to New Zealand administration in 1925.
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Economy - overview:
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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 with 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.
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GDP (purchasing power parity):
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$1.5 million (1993 est.)
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GDP (official exchange rate):
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$NA
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GDP - real growth rate:
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NA%
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GDP - per capita (PPP):
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$1,000 (1993 est.)
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GDP - composition by sector:
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agriculture: NA%
industry: NA%
services: NA%
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Labor force:
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440 (2001)
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Unemployment rate:
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NA%
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Population below poverty line:
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NA%
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Inflation rate (consumer prices):
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NA%
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Budget:
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revenues: $430,800
expenditures: $2.8 million (1987 est.)
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Agriculture - products:
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coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats; fish
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Industries:
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small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing
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Electricity - production:
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NA kWh
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Electricity - consumption:
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NA kWh
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Exports:
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$0 f.o.b. (2002)
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Exports - commodities:
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stamps, copra, handicrafts
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Exports - partners:
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New Zealand (2006)
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Imports:
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$969,200 c.i.f. (2002)
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Imports - partners:
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New Zealand (2006)
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Currency (code):
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New Zealand dollar (NZD)
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Exchange rates:
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New Zealand dollars per US dollar - 1.3811 (2007), 1.5408 (2006), 1.4203 (2005), 1.5087 (2004), 1.7221 (2003)
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Fiscal year:
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1 April - 31 March
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Ports and terminals:
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none; offshore anchorage only
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Military - note:
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defense is the responsibility of New Zealand
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Disputes - international:
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Tokelau included American Samoa's Swains Island (Olohega) in its 2006 draft constitution
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This page was last updated on 17 January, 2008
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