Wallis and Futuna

The Collectivity of Wallis and Futuna (French: Wallis et Futuna or Wallis-et-Futuna or Collectivité de Wallis et Futuna) is a group of mainly three volcanic tropical islands (Wallis (Uvea), Futuna, and Alofi) with fringing reefs located in the South Pacific Ocean between Fiji and Samoa.

Economy

The territory's economy is limited to traditional subsistence agriculture, with about 80% of the labor force earning its livelihood 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.

Related Topics:
Coconut - Japan - South Korea

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The gross domestic product had in 1995 a purchasing power parity of about $28.7 million total, about $2000 per capita. The territory takes in about $20 million per year in revenues against about $17 million in expenditures.

Related Topics:
Gross domestic product - 1995 - Purchasing power parity

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Industries include copra, handicrafts, fishing, and lumber. Agricultural products include breadfruit, yams, taro, bananas, pigs, and goats. In 1995, about $370,000 worth of commodities (copra, breadfruit, yams, taro roots, handicrafts) were exported, and about $13.5 million worth of commodities (foodstuffs, manufactured goods, transportation equipment, fuel, clothing) were imported, primarily from France, Australia, and New Zealand.

Related Topics:
Copra - Breadfruit - Yam - Taro - Banana - Pig - Goat - 1995 - France - Australia - New Zealand

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The territory uses the CFP Franc, along with the French territories of New Caledonia and French Polynesia; the CFP franc (XPF) is fixed vs. the euro, at the rate of 1,000 XPF = 8.38 euro.

Related Topics:
CFP Franc - French Polynesia - Euro

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