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EconomyEconomy - overview
Tokelau's small size (three villages), isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people rely heavily on aid from New Zealand - about $10 million annually in 2008 and 2009 - to maintain public services. New Zealand's support amounts to 80% of Tokelau's recurrent government budget. An international trust fund, currently worth nearly US$32 million, was established in 2004 to provide Tokelau an independent source of revenue. 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. Gdp (purchasing power parity) World Ranking: 227
$1.5 million (1993 est.)
Gdp (official exchange rate)
$NA
Gdp - real growth rate
NA%
Gdp - per capita (ppp) World Ranking: 214
$1,000 (1993 est.)
Gdp - composition by sector
Agriculture NA%
Industry NA% Services NA% Labor force World Ranking: 229
440 (2001)
Unemployment rate
NA%
Population below poverty line
NA%
Budget
Revenues $430,800
Expenditures $2.8 million (1987 est.) Inflation rate (consumer prices)
NA%
Agriculture - products
Coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats; fish Industries
Small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing Electricity - production
NA kWh
Electricity - consumption
NA kWh
Exports World Ranking: 222
$0 (2002)
Exports - commodities
Stamps, copra, handicrafts
Imports World Ranking: 222
$969,200 (2002)
Imports - commodities
Foodstuffs, building materials, fuel Exchange rates
New Zealand dollars (NZD) per US dollar - 1.2658 (2011)1.3874 (2010) 1.6002 (2009) 1.4151 (2008) 1.3811 (2007) Fiscal year
1 April - 31 March
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Tokelau [ New Zealand ] (New Zealand):
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Originally settled by Polynesian emigrants from surrounding island groups, the Tokelau Islands were made a British protectorate in 1889. They were transferred to New Zealand administration in 1925. Referenda held in 2006 and 2007 to change the status of the islands from that of a New Zealand territory to one of free association with New Zealand did not meet the needed threshold for approval.