lating a large foreign debt. Subsequent
reforms, including the sale of state assets, the strengthening of
economic management, the encouragement of tourism, and a debt
restructuring agreement, have rekindled investment and growth.

GDP:
purchasing power parity - $105 million (2001 est.)

GDP - real growth rate:
7.1% (2001 est.)

GDP - per capita:
purchasing power parity - $5,000 (2001 est.)

GDP - composition by sector:
agriculture: 17%
industry: 7.8%
services: 75.2% (2000 est.)

Population below poverty line:
NA

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

Inflation rate (consumer prices):
3.2% (2000 est.)

Labor force:
8,000 (1996)

Labor force - by occupation:
agriculture 29%, industry 15%, services 56%
note: shortage of skilled labor (1995)

Unemployment rate:
13% (1996)

Budget:
revenues: $28 million
expenditures: $27 million, including capital expenditures of $3.3
million (FY00/01 est.)

Agriculture - products:
copra, citrus, pineapples, tomatoes, beans, pawpaws, bananas, yams,
taro, coffee; pigs, poultry

Industries:
fruit processing, tourism, fishing, clothing, handicrafts

Industrial production growth rate:
1% (2002)

Electricity - production:
27.43 million kWh (2001)

Electricity - consumption:
25.51 million kWh (2001)

Electricity - exports:
0 kWh (2001)

Electricity - imports:
0 kWh (2001)

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

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

Oil - exports:
NA (2001)

Oil - imports:
NA (2001)

Exports:
$9.1 million (2000)

Exports - commodities:
copra, papayas, fresh and canned citrus fruit, coffee; fish; pearls
and pearl shells; clothing

Exports - partners:
Australia 34%, Japan 27%, New Zealand 25%, US 8% (2000)

Imports:
$50.7 million (2000)

Imports - commodities:
foodstuffs, textiles, fuels, timber, capital goods

Imports - partners:
New Zealand 61%, Fiji 19%, US 9%, Australia 6%, Japan 2% (2000)

Debt - external:
$141 million (1996 est.)

Economic aid - recipient:
$13.1 million; note - New Zealand continues to furnish the greater
part (1995)

Currency:
New Zealand dollar (NZD)

Currency code:
NZD

Exchange rates:
New Zealand dollars per US dollar - 1.7229 (2003), 2.1622 (2002),
2.3776 (2001), 2.1863 (2000), 1.8886 (1999)

Fiscal year:
1 April - 31 March

Commu