Economy—overview: The economy is limited to traditional subsistence agriculture, with about 80% of the labor force earning its livelihood 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. Wallis and Futuna imports food—particularly flour, sugar, rice, and beef—fuel, clothing, machinery, and transport equipment, but its exports are negligible, consisting mostly of breadfruit, yams, and taro root.

GDP: purchasing power parity—$28.7 million (1995 est.)

GDP—real growth rate: NA%

GDP—per capita: purchasing power parity—$2,000 (1995 est.)

GDP—composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): NA%

Labor force: NA

Labor force—by occupation: agriculture, livestock, and fishing 80%, government 4% (est.)

Unemployment rate: NA%

Budget:
revenues: $20 million
expenditures: $20 million, including capital expenditures of $NA (1997 est.)

Industries: copra, handicrafts, fishing, lumber

Industrial production growth rate: NA%

Electricity—production: NA kWh

Electricity—production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity—consumption: NA kWh

Electricity—exports: NA kWh

Electricity—imports: NA kWh

Agriculture—products: breadfruit, yams, taro, bananas; pigs, goats

Exports: $370,000 (f.o.b., 1995 est.)

Exports—commodities: copra, handicrafts

Exports—partners: NA

Imports: $13.5 million (c.i.f., 1995 est.)

Imports—commodities: foodstuffs, manufactured goods, transportation equipment, fuel, clothing

Imports—partners: France, Australia, New Zealand

Debt—external: $NA

Economic aid—recipient: $1 million (1995)

Currency: 1 Comptoirs Francais du Pacifique franc (CFPF) = 100 centimes

Exchange rates: Comptoirs Francais du Pacifique francs (CFPF) per US$1—102.72 (January 1999), 107.25 (1998), 106.11 (1997), 93.00 (1996), 90.75 (1995), 100.94 (1994); note—linked at the rate of 18.18 to the French franc

Fiscal year: calendar year

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