Wallis and Futuna Economy - 2024

Economic overview

lower-middle-income, agrarian French dependency economy; heavily reliant on French subsidies; licenses fishing rights to Japan and South Korea; major remittances from New Caledonia; aging workforce; import-dependent; deforestation-fueled fragility

Real GDP (purchasing power parity)

$60 million (2004 est.)

Real GDP growth rate

N/A

Real GDP per capita

$3,800 (2004 est.)

GDP (official exchange rate)

$195 million (2005) (2005)

Inflation rate (consumer prices)

0.9% (2015)
2.8% (2005)

GDP - composition, by sector of origin

agriculture: NA

industry: NA

services: NA

GDP - composition, by end use

household consumption: 26% (2005)

government consumption: 54% (2005)

Agricultural products

coconuts, breadfruit, yams, taro, bananas; pigs, goats; fish

Industries

copra, handicrafts, fishing, lumber

Industrial production growth rate

N/A

Labor force

4,482 (2013)

Unemployment rate

8.8% (2013 est.)
12.2% (2008 est.)

Population below poverty line

N/A

Household income or consumption by percentage share

lowest 10%: NA

highest 10%: NA

Budget

revenues: $32.54 million (2015 est.)

expenditures: $34.18 million (2015 est.)

Budget surplus (+) or deficit (-)

-0.8% (of GDP) (2015 est.)

Public debt

5.6% of GDP (2004 est.)

note: offical data; data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions

Taxes and other revenues

16.7% (of GDP) (2015 est.)

Fiscal year

calendar year

Exports

$47,450 (2004 est.)

Exports - partners

Singapore 47%, France 32%, Belgium 9% (2019)

Exports - commodities

integrated circuits, jewelry, cars, aircraft parts, polyacetals (2019)

Imports

$61.17 million (2004 est.)

Imports - partners

France 43%, Fiji 24%, New Zealand 11%, Australia 6% (2019)

Imports - commodities

refined petroleum, beef products, poultry meats, engine parts, packaged medicines (2019)

Debt - external

$3.67 million (2004)

Exchange rates

Comptoirs Francais du Pacifique francs (XPF) per US dollar -

Exchange rates:
110.2 (2015 est.)
89.8 (2014 est.)
89.85 (2013 est.)
90.56 (2012 est.)