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Legend:
Definition
Field Listing
Rank Order
Background:
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Originally settled by Polynesian emigrants from surrounding island groups, the Tokelau Islands were made a British protectorate in 1889. They were transferred to New Zealand administration in 1925.
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Economy - overview:
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Tokelau's small size (three villages), isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people rely heavily on aid from New Zealand - about $4 million annually - to maintain public services, with 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.
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GDP:
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purchasing power parity - $1.5 million (1993 est.)
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GDP - real growth rate:
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NA
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GDP - per capita:
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purchasing power parity - $1,000 (1993 est.)
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GDP - composition by sector:
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agriculture: NA%
industry: NA%
services: NA%
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Population below poverty line:
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NA
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Household income or consumption by percentage share:
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lowest 10%: NA
highest 10%: NA
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Inflation rate (consumer prices):
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NA%
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Labor force:
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NA
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Unemployment rate:
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NA%
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Budget:
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revenues: $430,800
expenditures: $2.8 million, including capital expenditures of $37,300 (1987 est.)
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Agriculture - products:
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coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats
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Industries:
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small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing
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Industrial production growth rate:
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NA%
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Electricity - production:
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NA kWh
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Electricity - consumption:
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NA kWh
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Exports:
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$98,000 f.o.b. (1983)
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Exports - commodities:
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stamps, copra, handicrafts
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Exports - partners:
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New Zealand (2000)
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Imports:
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$323,000 c.i.f. (1983)
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Imports - commodities:
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foodstuffs, building materials, fuel
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Imports - partners:
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New Zealand (2000)
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Debt - external:
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$0
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Economic aid - recipient:
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from New Zealand about $4 million annually
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Currency:
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New Zealand dollar (NZD)
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Currency code:
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NZD
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Exchange rates:
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New Zealand dollars per US dollar - 1.5087 (2004), 1.7221 (2003), 2.1622 (2002), 2.3788 (2001), 2.2012 (2000)
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Fiscal year:
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1 April - 31 March
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Military - note:
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defense is the responsibility of New Zealand
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Disputes - international:
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none
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This page was last updated on 28 July, 2005
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