Tokelau Economy - 2024

Economic overview

small New Zealand territorial island economy; labor force can work in New Zealand or Australia; significant remittances; largely solar-powered infrastructure; reliant on New Zealand funding; stamp, coin, and crafts producer

Real GDP (purchasing power parity)

$7,711,583 (2017 est.)

note: data are in 2017 dollars.

Real GDP growth rate

N/A

Real GDP per capita

$6,004 (2017 est.)
$4,855 (2016 est.)
$4,292 (2015 est.)

note: data are in 2017 dollars

GDP (official exchange rate)

$12.658 million (2017 est.)

note: data uses New Zealand Dollar (NZD) as the currency of exchange.

Inflation rate (consumer prices)

4% (2020 est.)
2.5% (2019 est.)
11% (2017 est.)

note: Tokelau notes that its wide inflation swings are due almost entirely due to cigarette prices, a chief import.

GDP - composition, by sector of origin

agriculture: NA

industry: NA

services: NA

Agricultural products

coconuts, roots/tubers, tropical fruit, pork, bananas, eggs, poultry, pig offals, pig fat, fruit

Industries

small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing

Labor force

1,100 (2019 est.)

Unemployment rate

2% (2015 est.)

note: Underemployment may be as high as 6.6%

Population below poverty line

N/A

Budget

revenues: $24,324,473 (2017 est.)

expenditures: $11,666,542 (2017 est.)

Fiscal year

1 April - 31 March

Exports

$103,000 (2015 est.)
$102,826 (2002 est.)

Exports - partners

Singapore 25%, France 19%, South Africa 7%, New Zealand 5%, United States 5%, Ireland 5% (2019)

Exports - commodities

oscilloscopes, house linens, fruits, nuts, recreational boats, iron products (2019)

Imports

$15,792,720 (2015 est.)

Imports - partners

Samoa 35%, Ireland 17%, Philippines 14%, Malaysia 13%, South Africa 9% (2019)

Imports - commodities

oscilloscopes, integrated circuits, refined petroleum, packaged medicines, orthopedic appliances (2019)

Exchange rates

New Zealand dollars (NZD) per US dollar -

Exchange rates:
1.543 (2017 est.)