Wallis and Futuna/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