astructure,
and remoteness from international markets. Tourism provides more
than one-fifth of GDP. The financial sector is at an early stage of
development as is the expansion of private sector initiatives.
Foreign financial aid from UK, Japan, Australia, New Zealand, and
China equals 25%-50% of GDP. Remittances from workers abroad account
for more than $5 million each year.

GDP (purchasing power parity):
$79 million - supplemented by a nearly equal amount from external
sources (2001 est.)

GDP - real growth rate:
1.5% (2001 est.)

GDP - per capita:
purchasing power parity - $800 (2001 est.)

GDP - composition by sector:
agriculture: 30%
industry: 7%
services: 63% (1998 est.)

Labor force:
7,870 economically active, not including subsistence farmers (2001
est.)

Unemployment rate:
2%; underemployment 70% (1992 est.)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
2.5% (2001 est.)

Budget:
revenues: $28.4 million
expenditures: $37.2 million, including capital expenditures of NA
(2000 est.)

Agriculture - products:
copra, taro, breadfruit, sweet potatoes, vegetables; fish

Industries:
fishing, handicrafts

Industrial production growth rate:
0.7% (1991 est.)

Electricity - production:
7 million kWh (2002)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
6.51 million kWh (2002)

Electricity - exports:
0 kWh (2002)

Electricity - imports:
0 kWh (2002)

Oil - production:
0 bbl/day (2001 est.)

Oil - consumption:
190 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Exports:
$35 million f.o.b. (2002)

Exports - commodities:
copra 62%, coconuts, seaweed, fish

Exports - partners:
France 45.7%, Japan 29.2%, US 9.1%, Thailand 5.4% (2004)

Imports:
$83 million c.i.f. (2002)

Imports - commodities:
foodstuffs, machinery and equipment, miscellaneous manufactured
goods, fuel

Imports - partners:
Australia 33.6%, Fiji 29.8%, Japan 10.3%, New Zealand 6.9%, France
4.1% (2004)

Debt - external:
$10 million (1999 est.)

Economic aid - recipient:
$15.5 million largely from UK and Japan (2001 est.)

Currency (code):
Australian dollar (AUD)

Currency code:
AUD

Exchange rates: