Wallis and Futuna - Economy
How is the economy of Wallis and Futuna? Based on the information we have, Wallis and Futuna has a lower-middle-income, agrarian French dependency economy; heavily reliant on French subsidies; licenses fishing rights to Japan and South Korea; major remittances from New Caledonia; aging workforce; import-dependent; deforestation-fueled fragility. Key agricultural products in this country include: coconuts, breadfruit, yams, taro, bananas; pigs, goats; fish.
More about the economy of Wallis and Futuna
| Labor force | 4,482 (2013) |
|---|---|
| Industrial production growth rate | |
| Industries | copra, handicrafts, fishing, lumber |
| Population below poverty line | |
| Taxes and other revenues | 16.7% (of GDP) (2015 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Comptoirs Francais du Pacifique francs (XPF) per US dollar - |
| Exchange rates 2015 | 110.2 (2015 est.) |
| Exchange rates 2014 | 89.8 (2014 est.) |
| Exchange rates 2013 | 89.85 (2013 est.) |
| Exchange rates 2012 | 90.56 (2012 est.) |
| Debt - external | |
| Debt - external 2004 | $3.67 million (2004) |
| Public debt | |
| Public debt 2004 | 5.6% of GDP (2004 est.) |
| Budget | |
| Revenues | $32.54 million (2015 est.) |
| Expenditures | $34.18 million (2015 est.) |
| Budget surplus (+) or deficit (-) | -0.8% (of GDP) (2015 est.) |
| Imports (partners) | Fiji 38%, France 31%, NZ 8%, Iceland 6%, Australia 5% (2022) |
| Comodities Imports force | refined petroleum, beef products, poultry meats, engine parts, packaged medicines (2019) |
| Exports (partners) | France 48%, Singapore 12%, US 10%, Guatemala 9%, UK 4% (2022) |
| Comodities Exports force | integrated circuits, jewelry, cars, aircraft parts, polyacetals (2019) |
| GDP (official exchange rate) | |
| GDP - composition, by sector of origin | |
| Agriculture | NA |
| Industry | NA |
| Services | NA |
| GDP - composition, by end use | |
| Household consumption | 26% (2005) |
| Government consumption | 54% (2005) |
| Unemployment rate | |
| Unemployment rate 2013 | 8.8% (2013 est.) |
| Unemployment rate 2008 | 12.2% (2008 est.) |
All Important Facts about Wallis and Futuna
Want to know more about Wallis and Futuna? Check all different factbooks for Wallis and Futuna below.
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Wallis and Futuna Factbook
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The Economy of Wallis and Futuna
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Learn about the Government of Wallis and Futuna
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Communication in Wallis and Futuna
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Popular Universities in Wallis and Futuna
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Enerny in Wallis and Futuna
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Transport in Wallis and Futuna
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The Geography and society of Wallis and Futuna
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The Environment of Wallis and Futuna
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Military and security in Wallis and Futuna