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Wallis and Futuna:
Economy

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Other pages in this profile of Wallis and Futuna:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Economy - overview
Definition
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)
Definition - World rank and map
$60 million (2004 est.)
GDP (official exchange rate)
Definition
$NA
GDP - real growth rate
Definition - World rank and map
NA%
GDP - per capita
Definition - World rank and map
$3,800 (2004 est.)
GDP - composition by sector
Definition
agriculture: NA%
industry: NA%
services: NA%
Labor force
Definition
3,104 (2003)
Labor force - by occupation
Definition
agriculture: 80%
industry: 4%
services: 16% (2001 est.)
Unemployment rate
Definition - World rank and map
15.2% (2003)
Population below poverty line
Definition
NA%
Household income or consumption by percentage share
Definition
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
Definition - World rank and map
2.8% (2005)
Budget
Definition
revenues: $29,730
expenditures: $31,330 (2004)
Public debt
Definition - World rank and map
5.6% of GDP (2004 est.)
Agriculture - products
Definition
breadfruit, yams, taro, bananas; pigs, goats; fish
Industries
Definition
copra, handicrafts, fishing, lumber
Industrial production growth rate
Definition - World rank and map
NA%
Electricity - production
Definition - World rank and map
NA kWh
Electricity - consumption
Definition - World rank and map
NA kWh
Electricity - exports
Definition
0 kWh (2002)
Electricity - imports
Definition
0 kWh (2002)
Exports
Definition - World rank and map
$47,450 f.o.b. (2004)
Exports - commodities
Definition
copra, chemicals, construction materials
Exports - partners
Definition
Italy 40%, Croatia 15%, US 14%, Denmark 13% (2006)
Imports
Definition - World rank and map
$61.17 million f.o.b. (2004)
Imports - commodities
Definition
chemicals, machinery, passenger ships, consumer goods
Imports - partners
Definition
France 97%, Australia 2%, NZ 1% (2006)
Debt - external
Definition - World rank and map
$3.67 million (2004)
Economic aid - recipient
Definition
assistance from France, $NA
Currency (code)
Definition
Comptoirs Francais du Pacifique franc (XPF)
Exchange rates
Definition
Comptoirs Francais du Pacifique francs (XPF) per US dollar - NA (2007), 95.03 (2006), 95.89 (2005), 96.04 (2004), 105.66 (2003)
Fiscal year
Definition
calendar year


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