Economy Of Wallis and Futuna

Economy overview	The economy is limited to traditional subsistence agriculture, with about 80% 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 - $57.59 million (2004 est.)
GDP - real growth rate	NA
GDP - per capita	purchasing power parity - $3,700 (2004 est.)
GDP - composition by sector	agriculture: NA industry: NA services: NA
Investment gross fixed
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: NA highest 10%: NA
Distribution of family income - Gini index
Inflation rate consumer prices	NA
Labor force	NA
Labor force by occupation	agriculture, livestock, and fishing 80%, government 4% (2001 est.)
Unemployment rate	NA
Budget	revenues: $20 million expenditures: $17 million, including capital expenditures of NA (1998 est.)
Public debt
Agriculture products	breadfruit, yams, taro, bananas; pigs, goats
Industries	copra, handicrafts, fishing, lumber
Industrial production growth rate	NA
Electricity production	NA kWh
Electricity production by source	fossil fuel: 0% hydro: 0% other: 0% nuclear: 0%
Electricity consumption	NA kWh
Electricity exports	0 kWh (2002)
Electricity imports	0 kWh (2002)
Oil production
Oil consumption
Oil exports
Oil imports
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
Exports	$250,000 f.o.b. (1999)
Exports commodities	copra, chemicals, construction materials
Exports partners	Italy 40%, Croatia 15%, US 14%, Denmark 13%
Imports	$300,000 f.o.b. (1999)
Imports commodities	chemicals, machinery, passenger ships, consumer goods
Imports partners	France 97%, Australia 2%, New Zealand 1%
Reserves of foreign exchange gold
Debt external	NA
Economic aid recipient	assistance from France
Currency	Comptoirs Francais du Pacifique franc (XPF)
Currency code	XPF
Exchange rates	Comptoirs Francais du Pacifique francs (XPF) per US dollar - 105.73 (2003), 126.72 (2002), 133.26 (2001), 129.43 (2000), 111.93 (1999), 107.25 (1998)
Fiscal year	calendar year

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This information was reproduced in part from the CIA World Fact book.

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