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<text id=93CT1388>
<title>
Tokelau--Economy
</title>
<article><source>CIA Factbook</source><hdr>The World Factbook 1993: Tokelau
Economy</hdr><body>
<p>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.
</p>
<p>National product: GDP - exchange rate conversion - $1.4
million (1988 est.)
</p>
<p>National product real growth rate: NA%
</p>
<p>National product per capita: $800 (1988 est.)
</p>
<p>Inflation rate (consumer prices): NA%
</p>
<p>Unemployment rate: NA%
</p>
<p>Budget: revenues $430,830; expenditures $2.8 million,
including capital expenditures of $37,300 (FY87)
</p>
<list>
<l>Exports: $98,000 (f.o.b., 1983)</l>
<l> commodities: stamps, copra, handicrafts</l>
<l> partners: NZ</l>
<l>Imports: $323,400 (c.i.f., 1983)</l>
<l> commodities: foodstuffs, building materials, fuel</l>
<l> partners: NZ</l>
</list>
<p>External debt: $0
</p>
<p>Industrial production: growth rate NA%
</p>
<p>Electricity: 200 kW capacity; 300,000 kWh produced, 180 kWh
per capita (1990)
</p>
<p>Industries: small-scale enterprises for copra production, wood
work, plaited craft goods; stamps, coins; fishing
</p>
<p>Agriculture: coconuts, copra; basic subsistence crops -
breadfruit, papaya, bananas; pigs, poultry, goats
</p>
<p>Economic aid: Western (non-US) countries, ODA and OOF
bilateral commitments (1970-89), $24 million
</p>
<p>Currency: 1 New Zealand dollar (NZ$)=100 cents
</p>
<p>Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.9486
(January 1993), 1.8584 (1992), l.7265 (1991), 1.6750 (1990),
1.6708 (1989), 1.5244 (1988)
</p>
<p>Fiscal year: 1 April-31 March
</p></body></article></text>