ECONOMY
Economy
- overview:
The economy is limited to traditional subsistence agriculture,
with about 80% labor force earnings 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.
GDP:
purchasing power parity - $57.59 million (2003 est.)
GDP - real growth rate:
NA
GDP - per capita:
purchasing power parity - $3,700 (2001 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% (2001 est.)
Unemployment rate:
NA
Budget:
revenues: $20 million
expenditures: $17 million, including capital expenditures of NA
(1998 est.)
Agriculture - products:
breadfruit, yams, taro, bananas; pigs, goats
Industries:
copra, handicrafts, fishing, lumber
Industrial production growth rate:
NA
Electricity - production:
NA kWh
Electricity - consumption:
NA kWh
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Exports:
$250,000 f.o.b. (1999)
Exports - commodities:
copra, chemicals, construction materials
Exports - partners:
Italy 40%, Croatia 15%, US 14%, Denmark 13%
Imports:
$300,000 f.o.b. (1999)
Imports - commodities:
chemicals, machinery, passenger ships, consumer goods
Imports - partners:
France 97%, Australia 2%, New Zealand 1%
Debt - external:
NA
Economic aid - recipient:
assistance from France
Currency:
Comptoirs Francais du Pacifique franc (XPF)
Currency code:
XPF
Exchange rates:
Comptoirs Francais du Pacifique francs (XPF) per US dollar - 105.73
(2003), 126.72 (2002), 133.26 (2001), 129.43 (2000), 111.93 (1999),
107.25 (1998)
Fiscal year:
calendar year
