Overview: Tokelau's small size, isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people must rely on aid from New Zealand 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.

National product: GDP - exchange rate conversion - $1.4 million (1988 est.)

National product real growth rate: NA%

National product per capita: $800 (1988 est.)

Inflation rate (consumer prices): NA%

Unemployment rate: NA%

Budget:
revenues: $430,830
expenditures: $2.8 billion, including capital expenditures of $37,300 (1987 est.)

Exports: $98,000 (f.o.b., 1983)
commodities: stamps, copra, handicrafts
partners: NZ

Imports: $323,400 (c.i.f., 1983)
commodities: foodstuffs, building materials, fuel
partners: NZ

External debt: $0

Industrial production: growth rate NA%

Electricity:
capacity: 200 kW
production: 300,000 kWh
consumption per capita: 180 kWh (1990)

Industries: small-scale enterprises for copra production, wood work, plaited craft goods; stamps, coins; fishing

Agriculture: coconuts, copra; basic subsistence crops - breadfruit, papaya, bananas; pigs, poultry, goats

Economic aid:
recipient: Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $24 million

Currency: 1 New Zealand dollar (NZ$) = 100 cents
Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.7771 (January 1994), 1.8495 (1993), 1.8584 (1992), l.7265 (1991), 1.6750 (1990), 1.6708 (1989)

Fiscal year: 1 April-31 March

NOTE: The information regarding Tokelau on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Tokelau Economy 1995 information contained here. All suggestions for corrections of any errors about Tokelau Economy 1995 should be addressed to the CIA.