CIA Factbook The World Factbook 1994: TokelauEconomy 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. National product: GDP—exchange rate conversion—$1.4 million (1988 est.) National product real growth rate: NA% National product per capita: $800 (1988 est.) Inflation rate (consumer prices): NA% Unemployment rate: NA% Budget: • revenues: $430,830 • expenditures: $2.8 billion, including capital expenditures of $37,300 (1987 est.) 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 Industrial production: growth rate NA% Electricity: • capacity: 200 kW • production: 300,000 kWh • consumption per capita: 180 kWh (1990) Industries: small-scale enterprises for copra production, wood work, plaited craft goods; stamps, coins; fishing Agriculture: coconuts, copra; basic subsistence crops—breadfruit, papaya, bananas; pigs, poultry, goats Economic aid: • recipient: Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $24 million Currency: 1 New Zealand dollar (NZ$)=100 cents Exchange rates: New Zealand dollars (NZ$) per US$1—1.7771 (January 1994), 1.8495 (1993), 1.8584 (1992), l.7265 (1991), 1.6750 (1990), 1.6708 (1989) Fiscal year: 1 April-31 March