View source for Economy of Wallis and Futuna

[[File:Roasted pigs.jpg|250px|thumb|Roasted pigs of Wallis and Futuna]]
This page is an overview of the '''economy of [[Wallis and Futuna]]'''.

== Finance ==
The GDP of Wallis and Futuna in 2005 was 188&nbsp;million US dollars at market exchange rates.<ref name=GDP>{{cite web |url=http://prod-afd.afd.zeni.fr/jahia/webdav/site/cerom/users/admin_cerom/public/Pdf/4pagesWF.pdf |title=L’économie de Wallis-et-Futuna en 2005: Une économie traditionnelle et administrée |author=INSEE, CEROM |access-date=1 July 2008 |format=PDF |language=fr |url-status=dead |archive-url=https://web.archive.org/web/20080909223703/http://prod-afd.afd.zeni.fr/jahia/webdav/site/cerom/users/admin_cerom/public/Pdf/4pagesWF.pdf |archive-date=9 September 2008 }}</ref> The GDP per capita was 12,640 US dollars in 2005 (at market exchange rates, not at [[Purchasing power parity|PPP]]), which is lower than in New Caledonia, [[French Polynesia]], and all the other French overseas departments and territories (except [[Mayotte]]), but higher than in all the small insular independent states of Oceania.

Along with the French territories of New Caledonia and French Polynesia, the territory uses the [[CFP Franc]], which is fixed vs. the euro, at the rate of 1,000 XPF = 8.38 euro. In 1991, BNP Nouvelle-Calédonie, a subsidiary of [[BNP Paribas]], established a subsidiary, Banque de Wallis et Futuna, which currently is the only bank in the territory. Two years earlier [[Banque Indosuez]] had closed the branch at Mata-Utu that it had opened in 1977, leaving the territory without any bank.

== Agriculture and industry ==
The territory's economy is limited to traditional [[subsistence agriculture]], with about 80% of the labor force earning its livelihood from agriculture ([[coconut]]s and vegetables), livestock (mostly pigs), and fishing. Agricultural products include [[breadfruit]], [[yam (vegetable)|yam]]s, [[taro]], bananas, pigs, and goats.

Industries include [[copra]], handicrafts, fishing, and lumber. In 2007, US$63&nbsp;million worth of commodities (foodstuffs, manufactured goods, transportation equipment, fuel, clothing) were imported, primarily from France, Singapore, Australia, and New Zealand, and there were no exports (the previous year, in 2006, exports amounted to US$122,000 and consisted entirely of 19 [[ton]]s of [[trochus]] shells).<ref>{{cite web|url=http://www.ieom.fr/upload/RA2007_WALLIS.pdf |title=Wallis et Futuna en 2007 |author=Institut d'émission d'Outre-Mer (IEOM) |author-link=Institut d'émission d'Outre-Mer|access-date=1 July 2008 |format=PDF |language=fr |url-status=dead |archive-url=https://web.archive.org/web/20080909223705/http://www.ieom.fr/upload/RA2007_WALLIS.pdf |archive-date=9 September 2008 }}</ref> 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, French Polynesia and France.

== References ==
{{reflist}}

== See also ==
{{Portal|France|Economy}}
* Economy of France in: [[Economy of French Guiana|French Guiana]], [[Economy of French Polynesia|French Polynesia]], [[Economy of Guadeloupe|Guadeloupe]], [[Economy of Martinique|Martinique]], [[Economy of Mayotte|Mayotte]], [[Economy of New Caledonia|New Caledonia]], [[Economy of Réunion|Réunion]], [[Economy of Saint Barthélemy|Saint Barthélemy]], [[Economy of Saint Martin (France)|Saint Martin]], [[Economy of Saint Pierre and Miquelon|Saint Pierre and Miquelon]], Wallis and Futuna
* [[Taxation in France]]
* [[Economic history of France]]
* [[Poverty in France]]

{{Wallis and Futuna topics|state=collapsed}}
{{Oceania in topic|Economy of}}
{{Economies of EU Dependencies}}

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{{DEFAULTSORT:Economy Of Wallis and Futuna}}
[[Category:Economy of Wallis and Futuna| ]]