| 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 (2004 est.) |
| GDP - real growth rate |
NA |
| GDP - per capita |
purchasing power parity - $3,700 (2004 est.) |
| GDP - composition by sector |
agriculture: na
industry: na
services: na |
| Investment gross fixed |
|
| Population below poverty line |
NA |
| Household income or consumption by percentage share |
lowest 10%: na
highest 10%: na |
| Distribution of family income - Gini index |
|
| 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.) |
| Public debt |
|
| Agriculture products |
breadfruit, yams, taro, bananas; pigs, goats |
| Industries |
copra, handicrafts, fishing, lumber |
| Industrial production growth rate |
NA |
| Electricity production |
NA kWh |
| Electricity production by source |
fossil fuel: 0%
hydro: 0%
other: 0%
nuclear: 0% |
| Electricity consumption |
NA kWh |
| Electricity exports |
0 kWh (2002) |
| Electricity imports |
0 kWh (2002) |
| Oil production |
|
| Oil consumption |
|
| Oil exports |
|
| Oil imports |
|
| Oil proved reserves |
|
| Natural gas production |
|
| Natural gas consumption |
|
| Natural gas exports |
|
| Natural gas imports |
|
| Natural gas proved reserves |
|
| Current account balance |
|
| 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% |
| Reserves of foreign exchange gold |
|
| 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 |