| Economy - overview | Tokelau's small size (three villages), isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The principal sources of revenue are from sales of copra, postage stamps, souvenir coins, and handicrafts. Money is also remitted to families from relatives in New Zealand. The people rely heavily on aid from New Zealand - about $15 million annually in FY12/13 and FY13/14 - to maintain public services. New Zealand's support amounts to 80% of Tokelau's recurrent government budget. An international trust fund, currently worth nearly $32 million, was established in 2004 by New Zealand to provide Tokelau an independent source of revenue. |
| GDP (purchasing power parity) | $7,711,583 (2017 est.) note: data are in 2017 dollars. |
| GDP (official exchange rate) | $12.658 million (2017 est.) note: data uses New Zealand Dollar (NZD) as the currency of exchange. |
| GDP - real growth rate | NA |
| GDP - per capita (PPP) | $6,004 (2017 est.) $4,855 (2016 est.) $4,292 (2015 est.) note: data are in 2017 dollars. |
| GDP - composition by sector | agriculture: NA industry: NA services: NA |
| Population below poverty line | NA |
| Labor force | 1,100 (2019 est.) |
| Unemployment rate | 2% (2015 est.) note: Underemployment may be as high as 6.6% |
| Budget | revenues: 24,324,473 (2017 est.) expenditures: 11,666,542 (2017 est.) |
| Inflation rate (consumer prices) | 4% (2020 est.) 2.5% (2019 est.) 11% (2017 est.) note: Tokelau notes that its wide inflation swings are due almost entirely due to cigarette prices, a chief import. |
| Agriculture - products | coconuts, roots/tubers nes, tropical fruit, pork, bananas, eggs, poultry, pig offals, pig fat, fruit |
| Industries | small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing |
| Exports | $103,000 (2015 est.) $102,826 (2002 est.) |
| Exports - commodities | oscilloscopes, house linens, fruits, nuts, recreational boats, iron products (2019) |
| Exports - partners | Singapore 25%, France 19%, South Africa 7%, New Zealand 5%, United States 5%, Ireland 5% (2019) |
| Imports | $15,792,720 (2015 est.) |
| Imports - commodities | oscilloscopes, integrated circuits, refined petroleum, packaged medicines, orthopedic appliances (2019) |
| Imports - partners | Samoa 35%, Ireland 17%, Philippines 14%, Malaysia 13%, South Africa 9% (2019) |
| Exchange rates | New Zealand dollars (NZD) per US dollar - 1.543 (2017 est.) |
| Fiscal year | 1 April - 31 March |
Source: CIA World Factbook
This page was last updated on September 18, 2021
