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EconomyEconomy - overview
The economy is limited to traditional subsistence agriculture, with about 80% of labor force earnings 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) World Ranking: 221
$60 million (2004 est.)
Gdp (official exchange rate)
$NA
Gdp - real growth rate
NA%
Gdp - per capita (ppp) World Ranking: 163
$3,800 (2004 est.)
Gdp - composition by sector
Agriculture NA%
Industry NA% Services NA% Labor force World Ranking: 224
3,104 (2003)
Labor force - by occupation
Agriculture 80%
Industry 4% Services 16% (2001 est.) Unemployment rate World Ranking: 150
15.2% (2003)
Population below poverty line
NA%
Household income or consumption by percentage share
Lowest 10% NA%
Highest 10% NA% Budget
Revenues $29,730
Expenditures $31,330 (2004 est.) Public debt World Ranking: 139
5.6% of GDP (2004 est.)
Inflation rate (consumer prices) World Ranking: 51
2.8% (2005)
Agriculture - products
Coconuts, breadfruit, yams, taro, bananas; pigs, goats; fish Industries
Copra, handicrafts, fishing, lumber Industrial production growth rate
NA%
Electricity - production
NA kWh
Electricity - consumption
NA kWh
Exports World Ranking: 221
$47,450 (2004)
Exports - commodities
Copra, chemicals, construction materials Imports World Ranking: 216
$61.17 million (2004)
Imports - commodities
Chemicals, machinery, consumer goods Debt - external World Ranking: 199
$3.67 million (2004)
Exchange rates
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 90.01 (2010 est.)87.59 (2007) Fiscal year
Calendar year
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Wallis And Futuna [ France ] (Overseas Territory):
 
GPS points from Wallis And Futuna [ France ] (Overseas Territory)
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The Futuna island group was discovered by the Dutch in 1616 and Wallis by the British in 1767, but it was the French who declared a protectorate over the islands in 1842, and took official control of them between 1886 and 1888. Notably, Wallis and Futuna was the only French colony to side with the Vichy regime during World War II, a phase that ended in May of 1942 with the arrival of 2,000 American troops. In 1959, the inhabitants of the islands voted to become a French overseas territory and officially assumed this status in July 1961.