Tokelau: Economy#

Tokelau's small size (three villages), isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The principal sources of revenue come from sales of copra, postage stamps, souvenir coins, and handicrafts. Money is also remitted to families from relatives in New Zealand.

The people rely heavily on aid from New Zealand - about $15 million annually in FY12/13 and FY13/14 - to maintain public services. New Zealand's support amounts to 80% of Tokelau's recurrent government budget. An international trust fund, currently worth nearly $32 million, was established in 2004 by New Zealand to provide Tokelau an independent source of revenue.

Economic Facts#

GDP (purchasing power parity)$1.5 million (1993 est.)
GDP (official exchange rate)$NA
GDP - real growth rateNA%
GDP - per capita (PPP)$1,000 (1993 est.)
GDP - composition, by sector of originagriculture: NA%
industry: NA%
services: NA%
Agriculture - productscoconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats; fish
Industriessmall-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing
Labor force440 (2001)
Unemployment rateNA%
Population below poverty lineNA%
Budgetrevenues: $430,800
expenditures: $2.8 million (1987 est.)
Fiscal year1 April - 31 March
Inflation rate (consumer prices)NA%
Exports$0 (2002 est.)
Exports - commoditiesstamps, copra, handicrafts
Imports$969,200 (2002 est.)
Imports - commoditiesfoodstuffs, building materials, fuel
Exchange ratesNew Zealand dollars (NZD) per US dollar -
1.441 (2016 est.)
1.4279 (2015 est.)
1.2039 (2014 est.)
1.2039 (2013 est.)
1.23 (2012 est.)