Part 749

Political parties and leaders: none

International organization participation: SPC, WHO (associate)

Diplomatic representation in US: none (territory of New Zealand)

US diplomatic representation: none (territory of New Zealand)

Flag: the flag of New Zealand is used

Economy -------

Economic overview: Tokelau's small size, isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people must rely on aid from New Zealand to maintain public services, annual aid being substantially greater than GDP. 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 - $1.5 million (1993 est.)

GDP real growth rate: NA%

GDP per capita: $1,000 (1993 est.)

GDP composition by sector: agriculture: NA% industry: NA% services: NA%

Inflation rate (consumer prices): NA%

Labor force: NA

Unemployment rate: NA%

Budget: revenues: $430,830 expenditures: $2.8 million, including capital expenditures of $37,300 (1987 est.)

Industries: small-scale enterprises for copra production, wood work, plaited craft goods; stamps, coins; fishing

Industrial production growth rate: NA%

Electricity: capacity: 200 kW production: 300,000 kWh consumption per capita: 180 kWh (1990)

Agriculture: coconuts, copra, breadfruit, papaya, bananas; pigs, poultry, goats

Exports: $98,000 (f.o.b., 1983) commodities: stamps, copra, handicrafts partners: NZ

Imports: $323,400 (c.i.f., 1983) commodities: foodstuffs, building materials, fuel partners: NZ

External debt: 0

Economic aid: recipient: ODA, $NA

Currency: 1 New Zealand dollar (NZ$) = 100 cents

Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.5138 (January 1996), 1.5235 (1995), 1.6844 (1994), 1.8495 (1993), 1.8584 (1992), l.7265 (1991)

Fiscal year: 1 April - 31 March

Transportation --------------

Railways: 0 km