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Economy of Tokelau

Tokelau is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Tokelau may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Tokelau exports around $0 billion and imports roughly $0 billion. 5% of population in the country are unemployed. The total number of unemployed people in Tokelau is 66. The Gini Index of the country is 38.39. Tokelau is experiencing good equality. The majority of citizens in Tokelau fall within a narrow range of income, although some cases may show significant differences. Tokelau has a Human Development Index (HDI) of 0.473. Tokelau has a lower medium HDI score. This indicates that the majority of citizens will struggle to attain a desirable life due to flawed economic and social systems.

Currency

The currency of Tokelau is New Zealand dollar. The plural form of the word New Zealand dollar is dollars. The symbol used for this currency is $, and it is abbreviated as NZD. The New Zealand dollar is divided into Cent; there are 100 in one dollar.

Credit rating

Credit rating is the extent to which international investors trust a country in paying debts and upholding the country's obligations in terms of crediting. There is no information on the credit rating of Tokelau.

Central bank

In Tokelau, the institution that manages the state's currency, money supply, and interest rates is called Reserve Bank of New Zealand.

Public debt

The government debt of Tokelau has not been calculated yet.

Tax information

Personal income tax ranges from 5% to 25%, depending on your specific situation and income level.

Finances

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Tokelau is $0.0015 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Tokelau was last recorded at $0 million. PPP in Tokelau is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. To read more about financial information click on finances of Tokelau.

Industry

Major industries in the country are small-scale enterprises for copra production, woodworking, plaited craft goods, stamps, coins, fishing. The total labor force of Tokelau is 689 people, wherein 5% of population in the country are unemployed. The total number of unemployed people in Tokelau is 66. To read more about industrial information within Tokelau click on industry of Tokelau.

Agriculture

There are 0 km2 of arable land in Tokelau, and it comprises 0% of the country's total territory. There are 0 km2 of cultivated land in Tokelau. The country's major agricultural crops and products are coconuts, copra, breadfruit, papayas, bananas, pigs, poultry, goats, fish.To read more about agriculture click on agriculture of Tokelau.