Wallis and Futuna

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Introduction - Wallis and Futuna:
Location - Wallis and Futuna:
People - Wallis and Futuna:
Government - Wallis and Futuna:
Economy - Wallis and Futuna:

Economy 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

$60 million (2004 est.)

Gdp official exchange rate

NA

Gdp real growth rate

NA%

Gdp per capita ppp

$3,800 (2004 est.)

Gdp composition by sector

agriculture: NA%
industry: NA%
services: NA%

Labor force

3,104 (2003)

Labor force by occupation

agriculture: 80%
industry: 4%
services: 16% (2001 est.)

Unemployment rate

15.2% (2003)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

2.8% (2005)

Budget

revenues: $29,730
expenditures: $31,330 (2004 est.)

Public debt

5.6% of GDP (2004 est.)

Agriculture products

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

Electricity exports

0 kWh (2002)

Electricity imports

0 kWh (2002)

Exports

$47,450 f.o.b. (2004)

Exports commodities

copra, chemicals, construction materials

Exports partners

Italy 40%, Croatia 15%, US 14%, Denmark 13% (2006)

Imports

$61.17 million f.o.b. (2004)

Imports commodities

chemicals, machinery, passenger ships, consumer goods

Imports partners

France 97%, Australia 2%, NZ 1% (2006)

Debt external

$3.67 million (2004)

Economic aid recipient

assistance from France, $NA

Currency code

Comptoirs Francais du Pacifique franc (XPF)

Exchange rates

Comptoirs Francais du Pacifique francs (XPF) per US dollar - 95.03 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003), 126.71 (2002)

Communications - Wallis and Futuna:
Transportation - Wallis and Futuna:
Military - Wallis and Futuna:
This page was last updated on 16 September, 2007
Source: CIA >>>


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