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    Wallis and Futuna Economy - 1991

      Overview: The economy is limited to traditional subsistence agriculture, with about 80% of the labor force earning its livelihood 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. Wallis and Futuna imports food, fuel, clothing, machinery, and transport equipment, but its exports are negligible, consisting of copra and handicrafts.

      GDP: $7.5 million, per capita $470; real growth rate NA% (1990 est.)

      Inflation rate (consumer prices): NA%

      Unemployment rate: NA%

      Budget: revenues $2.7 million; expenditures $2.7 million, including capital expenditures of $NA (1983)

      Exports: negligible; commodities--copra, handicrafts; partners--NA

      Imports: $6.9 million (c.i.f., 1983); commodities--foodstuffs, manufactured goods, transportation equipment, fuel; 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 (1990)

      Industries: copra, handicrafts, fishing, lumber

      Agriculture: dominated by coconut production, with subsistence crops of yams, taro, bananas, and herds of pigs and goats

      Economic aid: Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $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--93.28 (January 1991), 99.0 (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 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Wallis and Futuna Economy 1991 information contained here. All suggestions for corrections of any errors about Wallis and Futuna Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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