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Tokelau

Tokelau Economy Stats

Overview:

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 $10 million annually in 2008 and 2009 - to maintain public services. New Zealand's support amounts to 80% of Tokelau's recurrent government budget. An international trust fund, currently worth nearly US$32 million, was established in 2004 to provide Tokelau an independent source of revenue. 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.

Definitions

  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Exports > Commodities: This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
  • Exports > Main exports: Country main exports.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Industries: A rank ordering of industries starting with the largest by value of annual output.
  • Labor force: This entry contains the total labor force figure.
STAT AMOUNT DATE RANK HISTORY
Agriculture > Products coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats; fish 2013
Budget > Expenditures $2.80 million 1987 1st out of 1
Budget > Revenues $430,800.00 2013 222nd out of 223
Exchange rates New Zealand dollars (NZD) per US dollar -
1.23 (2012)
1.26 (2011)
1.39 (2010)
1.6 (2009)
1.42 (2008)
2013
Exports 0.0 2002 2nd out of 2
Exports > Commodities stamps, copra, handicrafts 2013
Exports > Main exports Copra, handicrafts, stamps and coins 2013
Fiscal year 1 2013
GDP > Per capita > PPP $1,000.00 1993 1st out of 1
GDP > Purchasing power parity $1.50 million 1993 1st out of 1
Imports $969,200.00 2002 1st out of 1
Industries small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing 2013
Labor force 440 2013 19th out of 230

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; British Broadcasting Corporation 2014; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbook 2010, 2011, 2012, 2013

Citation

"Tokelau Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Tokelau/Economy

Tokelau Economy Profiles (Subcategories)

Government 5 Trade 136
  • Tokelau ranked first for trade > exports to US > per $ GDP globally in 2003.
  • Tokelau has ranked second last for budget > revenues since 2011.
  • Tokelau has ranked #3 in labor force per thousand people since 2010.
  • Tokelau has ranked in the top 20 for labor force since 2010.