Wallis and Futuna Economy 1990 - Flags, Maps, Economy, Geography, Climate, Natural Resources, Current Issues, International Agreements, Population, Social Statistics, Political System
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    Wallis and Futuna Economy - 1990

      Overview: The economy is limited to subsistence agriculture. The majority of the labor force earns its livelihood from agriculture, raising livestock, and fishing, with the rest employed by the government sector. Exports are negligible. The Territory has to import food, fuel, and construction materials, and is dependent on budgetary support from France to meet recurring expenses. The economy also benefits from cash remittances from expatriate workers.

      GDP: $6.7 million, per capita $484; real growth rate NA% (est. 1985)

      Inflation rate (consumer prices): NA%

      Unemployment rate: NA%

      Budget: revenues $NA; expenditures $NA, including capital expenditures of $NA

      Exports: $NA; commodities--copra; partners--NA

      Imports: $3.4 million (c.i.f., 1977); commodities--largely foodstuffs and some equipment associated with development programs; partners--France, Australia, New Zealand

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 1,200 kW capacity; 1 million kWh produced, 70 kWh per capita (1989)

      Industries: copra, handicrafts, fishing, lumber

      Agriculture: dominated by coconut production, with subsistence crops of yams, taro, bananas

      Aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $118 million

      Currency: Comptoirs Francais du Pacifique franc (plural--francs); 1 CFP franc (CFPF) = 100 centimes

      Exchange rates: Comptoirs Francais du Pacifique francs (CFPF) per US$1--104.71 (January 1990), 115.99 (1989), 108.30 (1988), 109.27 (1987), 125.92 (1986), 163.35 (1985); note--linked at the rate of 18.18 to the French franc

      Fiscal year: NA

      NOTE: The information regarding Wallis and Futuna on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Wallis and Futuna Economy 1990 information contained here. All suggestions for corrections of any errors about Wallis and Futuna Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
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