Wallis and Futuna
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Economy
Economy - 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.
GDP:
purchasing power parity - $28.7 million (1995 est.)
GDP - real growth rate:
NA%
GDP - per capita:
purchasing power parity - $2,000 (1995 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% (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:
NA%
hydro:
NA%
nuclear:
NA%
other:
NA%
Electricity - consumption:
NA kWh
Electricity - exports:
NA kWh
Electricity - imports:
NA kWh
Agriculture - products:
breadfruit, yams, taro, bananas; pigs, goats
Exports:
$370,000 (f.o.b., 1995 est.)
Exports - commodities:
copra, breadfruit, yams, taro roots, handicrafts
Exports - partners:
NA
Imports:
$13.5 million (c.i.f., 1995 est.)
Imports - commodities:
foodstuffs, manufactured goods, transportation equipment, fuel, clothing
Imports - partners:
France, Australia, New Zealand
Debt - external:
$NA
Economic aid - recipient:
assistance from France
Currency:
1 Comptoirs Francais du Pacifique franc (CFPF) = 100 centimes
Exchange rates:
Comptoirs Francais du Pacifique francs (CFPF) per US$1 - 117.67 (January 2000), 111.93 (1999), 107.25 (1998), 106.11 (1997), 93.00 (1996), 90.75 (1995); note - linked at the rate of 18.18 to the French franc
Fiscal year:
calendar year