ealize a 3% gain in
GDP in 1999. The takeover of the national power company by a
Franco-Canadian consortium in 2000 should ease the energy crisis and
if successful legislative elections pave the way for increased aid,
growth should rise to 5% a year in 2001-02.
Tokelau:
Tokelau's small size (three villages), isolation, and lack
of resources greatly restrain economic development and confine
agriculture to the subsistence level. The people must rely on aid
from New Zealand to maintain public services, 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.
Tonga:
Tonga has a small, open economy with a narrow export base in
agricultural goods, which contributes 30% to GDP. Squash, coconuts,
bananas, and vanilla beans are the main crops, and agricultural
exports make up two-thirds of total exports. The country must import
a high proportion of its food, mainly from New Zealand. The
industrial sector accounts for only 10% of GDP. Tourism is the
primary source of hard currency earnings. The country remains
dependent on sizable external aid and remittances from Tongan
communities overseas to offset its trade deficit. The government is
emphasizing the development of the private sector, especially the
encouragement of investment, and is committing increased funds for
health and education. Tonga has a reasonable basic infrastructure
and well-developed social services.
Trinidad and Tobago:
Trinidad and Tobago has earned a reputation as
an excellent investment site for international businesses.
Successful economic reforms were implemented in 1995, and foreign
investment and trade are flourishing. Persistently high unemployment
remains one of the chief challenges of the government. The
petrochemical sector has spurred growth in other related sectors,
reinforcing the government's commitment to economic diversification.
Tourism is growing, especially in the pleasure boat sector. New
investment and construction also will continue to drive the economy.
Tromelin Island:
no economic activity
Tunisia:
Tunisia has a diverse economy, with important agricultural,
mining, energy, tourism, and manufacturing sectors. Governmental
control of economic affairs while still heavy has gradually les
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