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Tokelau Economy 2020

SOURCE: 2020 CIA WORLD FACTBOOK AND OTHER SOURCES











Tokelau Economy 2020
SOURCE: 2020 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 27, 2020

Economy - overview:
Tokelau's small size (three villages), isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The principal sources of revenue are from sales of copra, postage stamps, souvenir coins, and handicrafts. Money is also remitted to families from relatives in New Zealand.

The people rely heavily on aid from New Zealand - about $15 million annually in FY12/13 and FY13/14 - to maintain public services. New Zealand's support amounts to 80% of Tokelau's recurrent government budget. An international trust fund, currently worth nearly $32 million, was established in 2004 by New Zealand to provide Tokelau an independent source of revenue.

GDP (purchasing power parity):
$1.5 million (1993 est.)
country comparison to the world (CIA rank, may be based on non-current data): 229
[see also: GDP country ranks ]

GDP (official exchange rate):
NA
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
NA
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$1,000 (1993 est.)
country comparison to the world (CIA rank, may be based on non-current data): 225
[see also: GDP - per capita country ranks ]

GDP - composition, by sector of origin:
agriculture: NA
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: NA
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: NA
[see also: GDP - composition, by sector of origin - services country ranks ]

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

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

Labor force:
440 (2001)
country comparison to the world (CIA rank, may be based on non-current data): 231
[see also: Labor force country ranks ]

Unemployment rate:
NA
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA
[see also: Population below poverty line country ranks ]

Budget:
revenues: 430,800 (1987 est.)
[see also: Budget - revenues country ranks ]
expenditures: 2.8 million (1987 est.)
[see also: Budget - expenditures country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
NA
[see also: Inflation rate (consumer prices) country ranks ]

Exports:
$0 (2002 est.)
country comparison to the world (CIA rank, may be based on non-current data): 224
[see also: Exports country ranks ]

Exports - commodities:
stamps, copra, handicrafts

Imports:
$969,200 (2002 est.)
country comparison to the world (CIA rank, may be based on non-current data): 224
[see also: Imports country ranks ]

Imports - commodities:
foodstuffs, building materials, fuel

Exchange rates:
New Zealand dollars (NZD) per US dollar -
1.416 (2017 est.)
1.4279 (2016 est.)
1.4279 (2015)
1.4279 (2014 est.)
1.2039 (2013 est.)


NOTE: 1) The information regarding Tokelau on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Tokelau Economy 2020 information contained here. All suggestions for corrections of any errors about Tokelau Economy 2020 should be addressed to the CIA or the source cited on each page.
2) The rank that you see is the CIA reported rank, which may have the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assigns counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order.






This page was last modified 27-Jan-20
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