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 (2000 est.)
GDP - real growth rate:
NA
GDP - per capita:
purchasing power parity - $2,000 (2000 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: 0%
hydro: 0%
other: 0%
nuclear: 0%
Electricity - consumption:
NA kWh
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
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); note - may adopt the euro in 2003
Currency code:
XPF
Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 126.41 (2002), 133.26 (2001), 129.43 (2000), 111.93 (1999), 107.25 (1998)
Fiscal year:
calendar year
NOTE: The information regarding Wallis and Futuna on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Wallis and Futuna Economy 2003 should be addressed to the CIA.
