Part 821

Economy - 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: purchasing power parity - $1,000 (1993 est.)

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

Inflation rate - consumer price index: 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: NA kW

Electricity - production: NA kWh

Electricity - consumption per capita: NA kWh

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

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

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

Debt - external: $0

Economic aid: recipient: ODA, $3.7 million from NZ (FY95/96)

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

Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.4247 (January 1997), 1.4543 (1996), 1.5235 (1995), 1.6844 (1994), 1.8495 (1993), 1.8584 (1992)

Fiscal year: 1 April - 31 March

@Tokelau:Communications

Telephones: NA

Telephone system: domestic: radiotelephone service between islands international: radiotelephone service to Western Samoa

Radio broadcast stations: AM NA, FM NA, shortwave NA note: each atoll has a radio broadcast station of NA type that broadcasts shipping and weather reports

Radios: 1,000 (1992 est.)

Television broadcast stations: NA