constituent islands. GDP growth rose less than
3% on average in the 1990s. In response to foreign concerns, the
government has promised to tighten regulation of its offshore
financial center. In mid-2002 the government stepped up efforts to
boost tourism through improved air connections, resort development,
and cruise ship facilities. Agriculture, especially livestock
farming, is a second target for growth. Australia and New Zealand
are the main suppliers of tourists and foreign aid.

GDP (purchasing power parity):
$276.3 million (2003 est.)

GDP (official exchange rate):
$341 million (2005)

GDP - real growth rate:
6.8% (2005 est.)

GDP - per capita (PPP):
$2,900 (2003 est.)

GDP - composition by sector:
agriculture: 26%
industry: 12%
services: 62% (2000 est.)

Labor force:
76,410 (1999)

Labor force - by occupation:
agriculture: 65%
industry: 5%
services: 30% (2000 est.)

Unemployment rate:
1.7% (1999)

Population below poverty line:
NA%

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

Inflation rate (consumer prices):
-1.6% (2005 est.)

Budget:
revenues: $78.7 million
expenditures: $72.23 million (2005 est.)

Agriculture - products:
copra, coconuts, cocoa, coffee, taro, yams, fruits, vegetables;
beef; fish

Industries:
food and fish freezing, wood processing, meat canning

Industrial production growth rate:
1% (1997 est.)

Electricity - production:
43 million kWh (2004)

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

Electricity - consumption:
39.99 million kWh (2004)

Electricity - exports:
0 kWh (2004)

Electricity - imports:
0 kWh (2004)

Oil - production:
0 bbl/day (2004 est.)

Oil - consumption:
620 bbl/day (2004 est.)

Oil - exports:
NA bbl/day (2001)

Oil - imports:
NA bbl/day (2001)

Natural gas - production:
0 cu m (2004 est.)

Natural gas - consumption:
0 cu m (2004 est.)

Current account balance:
$-28.35 million (2003)

Exports:
$34.11 million f.o.b. (2004 est.)

Exports - commodities:
copra, beef, cocoa, timber, kava, coffee

Exports - partners:
Thailand 46.5%, India 14.1%, Poland 7.9%, Turkey 7.7%, Japan 6.9%
(2005)

Imports:
$117.1 million c.i.f. (2004 est.)

Imports - commodities:
machinery and equipment, foodstuffs, fuels

Imports - partners